This business plan will help the company to understand andperform the sustainability procedure better toward a long-life sustainable (inthe sense of environmentally and socially responsible) business. According tothe table 1 in appendix actions have been divided to 3 sections (Entrepreneurship, Design and policy). For each section there should be corresponding groups andresources. All these actions are individual projects toward a jointly outcomeso, the result and progress of each will have effect on the whole process.
Action Plan · Integratingsustainability criteria into annual plans for operational departments andreview on a regular basis throughout the year· Fuel efficiency standards applying to vehicles and equipment · Setting the goal of seeking the highest level of environmentalefficiency in all projects · Developing the new safety programme with updated policies in allactivities for employees· Develop and implement climate change adaptation policies · Strengthen the Company’s Social Action Plan by raising Socialcontribution· Consolidate and update the environmental, social and governancerisk maps every yearPolicy· Designinga maintenance procedure timeline to ensure that all the equipments are wellmaintained and replaced on a regular basis.· Designing Energy efficiency measures to reduce energyconsumption.· Designing a procedure for mapping environmental, social and othernon-financial risks. · Proposingthe new “ reduce by reusing “ project to recycle all the asphalt and concretemisused and rubbished in all the projects. Design · Building long-term goalsfor client lock-in based on trust and quality of outcome· Proposinginnovative technologies and methods that ensure the sustainability of the newbusiness plan by the help of outside talents (By developing a network fordetecting start-ups and entrepreneurs) through annual sustainability forums forthe first time in Iran· Implementing risk management plans within the new businessstrategy · Detectingwhat new social and environmental values can be added to each project throughthe development of the business model by performing Environmental assessment and Social Impact Management (SIM) methodology for all projects within thenew business strategyo Enabling employees for working withinthe company’s new strategies by giving them the knowledge and skills o Training sessions for all levelsand positions in the company regarding Risk management, climate change concerns, Social Impact Assessment and new business strategies Establishing new Goals, visions and missions according to sustainability approach for the core business plan Establishing a comprehensive Training Program including: EntrepreneurshipAny innovation-driven sustainability processneeds to identify certain actions and suggestions for each particular lever ofinnovation.
Innovation LeversMeasurable opportunities are available for construction companies likeFarashar that are willing to add sustainability to their business principles asthe demand for environmentally friendly construction projects, is at the peak. This Growing demand can bring the company an opportunity to generate additionalrevenue streams if sustainable and green construction is one of theircapabilities. Another potential to be addressed here is that, this opportunityis not limited to new projects only. In fact, the Ideal situation is to alsooffer remodeling to other existingprojects. On the other hand, Sustainability can bringsignificant reputational, operational and financial risks to the companies dueto Significant gaps in policies and procedures. Also, sustainable, green andenvironmental friendly project needs bigger construction budgets and may impactreturn on the investment although it can provide significant benefits in manyaspects over the life of the project. Opportunities and Risks of Contributing This section outlines the proposed brief for thesustainability plan concerning the company’s operations and activities. In this proposal 4 objectiveshave been defined for contributing with Sustainable Development Goals (SDGs)for their Sustainability Master Plan.
One as main goal and others for differentmeasures of contributing based on the vision they have to be the mostcompetitive and influencing construction company in Iran by the mission ofengaging employees and partners toward a jointly sustainable development. TargetFarashar Asia, founded in 1995 is one of the largest andmost experienced full-service consulting companies with the experience in construction of railroad infrastructure and highwaydesign in Iran. It has also participatedin the construction of subway and tramway systems in Iran and the region andhas a long track record in underground works, where it stands out for itsgeotechnics research. This company serves Iran and neighbour areasthrough two regional offices innorthern and southern part of Iran with over 190 employees.
In 1998 thiscompany joined “ PARS GOSTAR” Company one of the biggest contractors in Iranwith complete and sufficient different types of machines, equipment andfacilities to execute all different types of civil projects. This way the jointcompanies have been able to do their projects from A-Z (mostly through DBcontracts). Introducing the Company