Definition: Transformational sustainability strategies involve fundamental changes to the organization’s operations and business model to support sustainability goals.

Collaboration for Innovation: Suggesting collaboration with competitors for research on renewable energy sources indicates a transformational approach, as it seeks to drive significant innovation and change in the industry.

Long-Term Impact: This strategy focuses on creating long-term sustainable value and transforming the industry towards more sustainable practices.

Leadership Commitment: Transformational strategies require a high level of commitment from leadership to push for significant changes and collaboration that transcend traditional business boundaries.

References:

SHRM-SCP Exam Content Outline

SHRM guidelines on sustainability and business strategy