To do this, they are working with a sustainability target aimed at reducing their environmental footprint by 25% by the year 2030! While it may sound unbelievable that a company using plastic as its major material is on this list, you’ll soon see why. The initiatives typically involve the energy, raw materials, transportation, retail, and information technology sectors. 250 names are too long to mention in this article. Setting transparent and well-known goals and measurements for your sustainability initiatives helps tie all the above aspects together. Their corporate sustainability initiatives are focused on the United Nations’ Sustainable Development Goals (SDGs) and are centered on improved sustainability around food yields, reducing food waste, and eliminating antibiotics in animal production. They are aiming for a carbon free system by 2030. These three lean manufacturing processes can be confusing to a lot of practitioners in the field […]. The SDG initiative focuses on reducing food waste, developing and improving a sustainable food yield, and reducing food waste. For instance, they’re farming herds of goats to trim their grass. CORPORATE SUSTAINABILITY PLAN OCTOBER 2011 iii WELCOME LETTER AND ACKNOWLEDGMENTS ... community’s legacy of sustainability initiatives to create a strong, vibrant, and sustainable city for future generations. Accelerate progress and impact on the SDGs by 2030. States like California and Florida have tax and grant benefits for companies that commit to green business, and certifications, like the B Corporation Certification, are part of a growing international trend committed to harnessing the power of business for good. Prologis is a real estate investment trust whose sustainability initiative is focused on achieving sustainable buildings and development that are environmentally friendly. The three pillars of corporate sustainability - economic, social, and environmental - work together to help organizations strive for more sustainable practices. corporate sustainability initiative. Sustainability Initiatives. Though CSR is a concept with many definitions and practices, it has increasingly been at the forefront of global corporate sustainability initiatives. Sustainability is built on the assumption that developing such strategies foster company longevity. This implies that your decisions, partnerships and supply chain are all strategically … You have to admit, LEGO is an organization dedicated to keeping the environment clean for us all. Therefore, it comes as no surprise that organizations take different approaches when it comes to deciding on which path to follow. They offer the highest percentage of green loans than any other bank in the world. After you’ve decided on the sustainability path that you want to take, the next step is to give your workforce the necessary training they need to get there. As the popularity of CSR and sustainable businesses continues to rise, these initiatives are evolving into more than just a fad – they’re becoming the norm. But times are changing, and HR needs to take ownership in terms of talking about these initiatives, making a strong case for them, and then implementing them. Running an environmentally friendly ship starts with reducing how much waste you let out into the environment. If they keep to this commitment, it means that 60% of GlaxoSmithKline’s revenue can be considered “clean.”. Companies with a proactive approach are mitigating business risks and increasing opportunities. So, it’s imperative that your company joins the bandwagon of forward-thinking leaders who are taking steps to build a better world. The Neste Corporation currently ranks third on the Corporate Knights’ Global 100 list of the world’s most sustainable corporations. Panasonic will work towards creation and more efficient utilization of energy which exceeds the amount of energy used. Bosch is a technology company offering consumer goods, mobility solutions, industrial technology, and energy and building technology. … In addition, they also offer their users local places to sell goods. They’re also focused on reducing packaging and achieving a 90% recycling rate by the end of 2020. Learn more! They also make use of sustainable energy sources. Sustainability means different things to different people. These are all part of their environmental goals. These can be simple things such as starting a recycling program in the office, or huge initiatives like Xerox’s Community Involvement Program, which directly involves employees in community-focused sustainability initiatives. A van- guard of companies in all key markets is taking action. LEGO is working committedly towards finding other alternatives to plastics that are more environment-friendly. In addition, they’ll also help to protect the coastlines from erosion and its adverse effects. The corporate sustainability goal of these companies is to use only recyclable, reusable, and compostable plastic for all their products by 2025. However, these hundreds of companies came together to join forces in eliminating unnecessary plastic from the environment. The Corporate Sustainability Reporting portfolio of work is embedded in UN Environment’s Resources and Markets Branch and more particularly within the Consumption and Production Unit which main goal is the promotion of sustainable production and consumption policies, practices and initiatives through the engagement of governments, the businesses community and civil society organizations. The SDG initiative focuses on reducing food waste, developing and improving a sustainable food yield, and reducing food waste. The World’s Largest Corporate Sustainability Initiative The UN Global Compact is the world’s largest voluntary corporate responsibility and sustainability initiative. Corporate sustainability is the new “growth” at a time when everyone is working to produce less waste and recycle more. By making sustainable efforts part of your company mission, you are making a commitment to sustainability becoming an integral part of your bottom line. Way to go GlaxoSmithKline! Corporate Sustainability Certification. With new workflow automation tools, it is possible for your offices to be completely paperless. Corporate Citizenship Activities. Neste Corporation. Apple runs its production facilities on 100% green energy. […], In the manufacturing and assembly industry, Takt Time, Cycle Time, and Lead Time are some of the fundamental concepts that help managers to better understand how to optimize workflow, resources, and the time it takes to complete a project. The company aims to source for 100% renewable energy by the end of the same year. The term ‘paradigm’ is used deliberately, in that corporate sustainability is an alternative to the traditional growth and profit-maximization model. Petroleum-based fabrics include nylon and polyester. Neste plans to have almost half of their entire revenue stream coming from biofuels by the year 2050. They can sign in to work without using a pen or punching in on paper. Perhaps, if you’re a contractor, those words might have deterred you from bidding on a federal-funded project. Sustainability Page Intro The principles of sustainability have been part of Chesterton's corporate "DNA" since early in its formation, and we are proud of ongoing initiatives that honor that commitment over the company's long history. Their focus is on the third “R”: Recycle. Now, that’s a huge corporate sustainability initiative! We are committed to corporate social responsibility (CSR), sustainability and corporate responsibility across a number of initiatives: Sustainable Development Goals, UN Global Compact, Integrated Reporting, Climate-related Financial Disclosures Task Force and Econsense and Sustainability Economic Initiative. Your employees get to enjoy the benefits of working in healthier and safer environmental conditions. epigress.se . By investing in the environment, we play your part. Collaborative sustainability initiatives for businesses in chemicals, beauty, pharma, manufacturing, healthcare, CPG, railways and telecom industries. Start a “green team” for employees to meet and discuss ways to make changes that will have an everyday impact. While this initiative appears simple, it’s a very effective way to put money towards driving and encouraging sustainability. Reducing waste and emissions by 25% within this time range is their way of maintaining corporate sustainability. Whatever your goal is, whatever it is your company will like to achieve, we’ll show you some top examples of corporate sustainability to help you along. As the expectations on corporate responsibility increase, and as transparency becomes more prevalent, companies are recognizing the need to act on sustainability. Even if your company’s budget is not as huge, you can get a few implementable ideas that are within your budget. There you have it. Tools like Traqq allow you to manage time efficiently, bill your clients more effectively, and accurately pay your employees for hours worked. Corporate Social Responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. This is why we have compiled a list of sustainability initiatives employed by other forward-thinking companies. When it comes to corporate sustainability initiatives, their focus is on the Sustainable Development Goals (SDGs) of the United Nations. Not only does this garner community recognition, but also teaches employees how they play a part in sustainability. The Global Compact is the world’s largest global corporate sustainability initiative, with over 8,000 companies and 4,000 non-business participants based in over 160 countries. This review article intends to bring a better understanding to the field of corporate sustainability as studied by previous scholars. Even governments all around the world are developing several sustainability initiatives that you can tap into. They’re using only recycled material from sources such as plastic wraps and plastic bottles to make these outfits. This means that they won’t be launching any new synthetic products that aren’t made from recycled/renewed materials. Indeed, Google is working towards corporate sustainability. This helps to reduce the cost of shipping on the environment. These formulate the commitments with which BASF positions itself in the market and how it aims to meet the growing challenges along the value chain. These trees are known for their ability to take carbon away from the atmosphere efficiently. For example, Google has a sustainability effort called Google Green to use resources more efficiently, which has led the company to an overall drop in power requirements for their data centers by an average of 50 percent. If you think ‘green,’ think ‘Google.’. At Shepherd Color, we are committed to the highest levels of corporate sustainability. A call to companies to align strategies and operations with universal principles on human rights, labour, environment and anti-corruption, and take actions that advance societal goals. In addition to this, they are committed to maintaining gender diversity. Companies often categorize sustainability into three pillars: Environment, Social, and Economic. They’ve been able to accomplish this by using solar and wind energy instead of fossil fuels. In fact, in the past, HR has been left out of conversations on sustainability initiatives. We all agree that this is not an eco-friendly industry. The strategies created are intended to foster longevity, transparency, and proper employee development within business organizations. Corporate sustainability can be viewed as a new and evolving corporate management paradigm. And you can’t manage what you don’t measure, so establishing baseline metrics will help you track the effectiveness of your sustainability initiatives. 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