The new and evolving metrics that are helping expand the way businesses create, quantify, manage and report their impacts – and the value they deliver
PepsiCo, Unilever, Heineken and more than 50 other members of the Sustainable Agriculture Initiative (SAI) Platform have developed the world’s first industry-aligned Farmer Self-Assessment (FSA) of sustainable agriculture practices, launched earlier this month at SAI Platform’s General Assembly in Seville, Spain.The FSA is designed for farmers to assess their sustainable agriculture practices in a way that is universally recognized by the food and drink industry, SAI says. The industry-aligned set of assessment criteria for farmers meets the sustainable sourcing needs of many companies. Any farmer can complete the assessment online and it can be used for most crop types, farm sizes and locations around the world. Read More...
Integrated reporting is the core of corporate sustainability. It is critical to organizations communicating their value creation over time and acts as a benchmark for future progress. Global brands including Walmart and Coca-Cola spend millions to collect vast amounts of data from their immense supply chains to report on their sustainability initiatives. Read More...
Global natural capital consulting firm Trucost has released the results of a study comparing the environmental value of monoculture and agroforestry for producing palm oil and soybeans. Read More...
As natural capital, biodiversity and ecosystem services are terms that are increasingly bandied about, a few questions are increasingly being whispered by corporate colleagues that are worth answering: Read More...
John R. Ehrenfeld, author of Flourishing: A Frank Conversation About Sustainability, contends that the world is more unsustainable now than in 1972 in spite of the sustainability programs of firms worldwide.In his recent post, Ehrenfeld argues that sustainability strategies and programs fail to address the fundamental causes of unsustainability, because most economies and companies still pursue growth beyond the capacity of our planet to support it. Read More...
In January 2014 at the World Economic Forum in Davos, Corporate Knights unveiled its annual Global 100 Most Sustainable Companies rating, with biotechnology company Biogen Idec placing second. What's behind this strong showing? Read More...
Nature is valuable. But figuring out how valuable has been challenging. By some measures, the services that nature provides business and society — clean water, food and metals, natural defense from storms and floods, and much more — are worth many trillions of dollars. But that number is not helpful to companies trying to assess how dependent they are on natural resources, or how to value them as business inputs. Read More...
“Given that carbon footprinting is predicated on climate science, why doesn't the Greenhouse Gas Protocol include guidance on setting science-based emissions goals and targets?” That's the question I asked Janet Ranganathan, Vice President for Science and Research at the World Resources Institute (and founding director of the GHG Protocol at its outset), at the 2012 Ceres Conference (she's a Ceres boardmember). Her response has unfolded in words and actions over time, first by introducing me to Pankaj Bhatia, the current director of the GHG Protocol, at lunch in Washington, DC in the fall of 2012, where we discussed this gap and potential ways to fill it. Read More...
One of the key messages in the upcoming book The Big Pivot: Radically Practical Strategies for a Hotter, Scarcer, More Open World is the “need to set goals in companies based on science, not on what we think we can do, not bottom-up,” says author Andrew Winston. Read More...
In December, Ralph Thurm delivered a captivating TEDx Talk introducing the notion of ThriveAbility, and its promise in bridging what he calls the “Sustainability Context Gap.” As former COO of the Global Reporting Initiative, to complement deep experience in the corporate world (at Siemens) and consulting realm (at Deloitte), Thurm has witnessed firsthand the limitations of the corporate sustainability movement to achieve the transformations necessary to solve our social and ecological crises. Read More...
At SB's third annual #NewMetrics Conference at the University of Pennsylvania in September, the need for next-generation sustainability goals — which measure progress toward real-world goal-lines such as carbon budgets, water tables, and living wages — emerged as a key theme. Read More...
In eight earlier parts of this series, we discussed 18 pitfalls in the sustainable business metrics field. (Find the first 7 articles here and the last one here.)Two recent events — the passing of Nelson Mandela and the COP talks in Warsaw — and the re-occurrence of a familiar critique about GNP accounting give us new insights on the place of metrics in making change, and potential lessons for sustainable business. Read More...
“There is no wealth but life.”John RuskinThe magic of lifeThere is much we do not know about how life works to transform the basics of matter and energy into complex materials and massively diverse interdependent systems.Despite many miraculous advances in science and technology, our manufacturing and production is often shamed by the scale, simplicity and systemic safety of life.Arthur C Clarke’s famous quote — “Any sufficiently advanced technology is indistinguishable from magic” — applies just as much to the wondrous technology of life as it does to as yet only imagined technology of a myriad science fictions. Read More...
I’ve been thinking about different approaches to measuring sustainability for some time now (for the purpose of this discussion, I’m concerned mostly with quantifying carbon emissions, though the discussion can be generalized beyond this). I’ve begun to categorize the measurement approaches I see into one of two categories: horizontal vs. vertical.The horizontal approach is organization-centric. It measures total impact across an organization. The vertical approach is product-centric. It looks all the way up and down a product’s supply chain and measures the total impact of the product through its life cycle. Read More...
A new Green Coffee Carbon Footprint Product Category Rule (CFP-PCR) was published this week, providing the first CPR for the calculation of greenhouse gas (GHG) emissions from coffee production. The Green Coffee CFP-PCR rule was initiated by SAI Platform’s Coffee Working group members, including illycaffé, Nestlé, Tchibo, Mondelez and Lavazza, and standard-setting bodies 4C, Fairtrade International, Rainforest Alliance and UTZ Certified, in collaboration with the Sustainable Trade Initiative (IDH). Read More...
In seven earlier parts of this series, we've discussed 17 pitfalls in the sustainability metrics field. We told sometimes painful stories from several fields outside of business with experience measuring things, such as education and criminal justice, and we discussed easy-to-miss things such as confirmation bias, mistakenly measuring the wrong thing, and failing to acknowledge complexity. Read More...
Here at SASB, we’ve noticed some confusion about the term "materiality." Such confusion is understandable. “Materiality” has different meanings when used colloquially and when used legally. Within the law, materiality has different meanings within securities law, contract law and the law of evidence. Due to this range of possible definitions, “materiality” has come to resemble “sustainability” as a word that can mean everything at once and thus nothing at all. To address potential confusion, SASB abides by the U.S. securities law definition of the materiality. Our use of the term is therefore legally sound. Read on for an explanation of the most common misperceptions about SASB and materiality. Read More...