Sustainability Roundup – August 2017
Companies historically have pursued value creation by focusing only on growth or profitability, or both. What they should be deploying today, in order to best position themselves for competitiveness later, is an “interdependent” strategy focused equally on growth, profitability, and a third dimension: sustainability and trust. Read more
While it has been around in many forms, sustainability has been a topic that’s more likely to be “owned” by the marketing department or viewed as a risk management issue rather than as a strategic priority. However, that appears to be changing. Proponents of sustainability are demanding that companies think more broadly about how they make money, and about the impacts their operations and decisions have on the environment and society. Read more
Imagine being a global conglomerate with revenues of $41 billion, 120,000 employees, and activities in a wide, diverse set of industries, and trying to become a sustainable business across the entire group and throughout all sites. This is the reality for Aditya Birla Group (ABG), a conglomerate headquartered in India with activities in the following sectors: cement, chemicals, e-commerce, fertilizers, financial services, metals, mining, retail, telecommunications, textile, wind power, and others. ABG aims to be the leading Indian conglomerate for sustainable business practices across their global operations. Read more
As major global greenhouse gas emitters, U.S. states have the economic weight and legislative authority to move the U.S. towards lower emissions and cleaner energy. This post includes six charts that show how emissions from U.S. states compare, how they are changing and what could come next. These are based on the latest greenhouse gas emissions data compiled by the World Resources Institute. Read more
Corporate social and environmental responsibility has developed to a point where the world’s leading CEOs believe it is essential to their company’s long term business success. The movement is growing, and companies around the world are approaching social and environmental problems as opportunities to drive profit as well as progress for humanity. Read more
Business and sustainability experts across the globe are making a move to “go circular”, implementing better processes for sustainable inputs, improving product design and closing material loops. This is the basis of the circular economy. It’s also one of the biggest business opportunities. Read more
The purpose of this report is to provide insight into how organizations considered “sustainable” currently publicly disclose information on occupational health and safety (OHS). According to the report, a compelling case can be made that voluntary “sustainability” or “social responsibility” corporate reporting schemes have failed to yield the kind of comprehensive and meaningful data needed by key stakeholders. Read more
Taylors of Harrogate prides itself on quality tea and coffee, but the company has also established a reputation as an industry leader in ethical trading. In this article, Simon Hotchkin, the company’s Head of Sustainable Development, provides top tips on what other companies can do to ensure a secure and consistent supply of quality products in the face of environmental, economic and social uncertainty. Read more
Artificial Intelligence (AI) is already having an impact on corporate sustainability. Companies already are making use of AI to achieve step changes in, for example, efficiency and emissions reductions, and to innovate new products and services. These AI applications for sustainability are not widespread, and they are in the early stages, but data suggests that AI can bring significant benefits for sustainability in the medium term. Read more
According to this article, the CEO letter is the most important part of a sustainability report. A CEO letter is concise, it comes from the top, and it provides readers with critical insight into a firm’s citizenship approach. The CEO letter gives answers to the following three questions: How is citizenship defined? What is the purpose of citizenship? What is the role of leadership in relation to citizenship? Read more
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