Over the last few years, we’ve seen consumer demand accelerate the push for corporate responsibility in business. Consumers today aren’t just paying lip service to good causes; more are choosing to ‘vote with their dollars,’ seeking out and purchasing products from companies that align with their values.
Can new information incite change? Deloitte is hoping so. The firm is focusing on diversity in corporate boardrooms, with the intent of helping executives understand just how important it is to include women and minorities in the boardroom picture. As part of the Alliance for Board Diversity, one of Deloitte’s aims is to increase board diversity to 40 percent representation from women and minorities, combined, by 2020. At the current rate, it looks like that won’t happen until 2026.
London’s Heathrow Airport has unveiled a new sustainability leadership strategy designed to make Heathrow a center of excellence in the aviation industry. The strategy announces ambitious goals to reduce the airport’s and the industry’s environmental impacts while maximizing economic opportunities throughout the UK.
Plans include a new R&D incubator, an ambition for growth from a new runway to be carbon neutral and at least halving the number of late-running departures to reduce noise for local communities.
Just days after WWF and ISEAL released a new report highlighting the importance of aligning sustainability standards with the UN’s Sustainable Development Goals (SDGs), tea brand Twinings announced a new framework designed to improve the lives of tea workers in its supply chain.
The Beverage Industry Environmental Roundtable (BIER) has launched a new Future Scenarios Toolkit in an effort to provide informed future planning guidance. The toolkit offers companies a clear and robust framework to analyze potential future scenarios regarding impacts (social, environmental, governmental, etc.) to their business, their supply chain, and their production, as well as successfully prepare to tackle those scenarios.
Back in 2006, Danish energy company DONG Energy was one of the most coal-intensive utilities in Europe, with only 15 percent of its heat and power coming from renewables. In just one decade, the company has completely transformed itself into one of Europe’s cleanest, most sustainable energy companies. Fifty-five percent of DONG’s heat and power is now renewable, and Denmark’s largest energy company now ranks 11th on the Carbon Clean 200 list — a ranking of 200 companies from around the world that are profiting from sustainable energy.
Despite – and/or because of – the recent seismic shift in U.S. political leadership on sustainability, companies are looking for ways to continue embracing corporate action that makes both economic and environmental sense.
Multinational consumer goods company Unilever announced a new transparency measure today that will provide consumers with access to additional fragrance ingredient information for its personal care products.
There’s no stopping the low carbon economy. Two major announcements from DONG Energy and Tetra Pak could set new industry standards and pave the way for others to follow suit.
DONG Energy has decided to phase out the use of coal at its power stations entirely by 2023. The decision is in line with the company’s goal of reducing its CO2 emissions in power and heat generation by 96 percent compared to 2006.
Many CEOs want to make a difference. Convinced that companies should play a positive role in environmental stewardship and social development, they declare sustainability a top priority, launch a transformation program, hire a chief sustainability ofﬁcer, and commit millions of dollars and hundreds of hours of management time to the effort. Then momentum fades.
It’s a frustrating setback—and a common one. A new report released Bain & Company, finds that only 2 percent of corporate sustainability programs achieve or exceed their aims, compared to 12 percent of other corporate transformation programs.
This week at the action-packed World Economic Forum in Davos, Intercontinental Hotels Group (IHG) launched its 2017 Trends Report, which highlights the ‘uncompromising’ nature of today’s customer, who increasingly expects brands to deliver experienc
It takes a tremendous amount of energy to manufacture and power our devices, data centers and infrastructural needs. And with an energy footprint accounting for approximately 7 percent of global electricity, the IT industry has an important role to play in the transition towards clean energy.
Energy giants Statoil and BP are part of a growing number of utilities future-fitting their operations to better compete in the emerging low-carbon economy. The two companies have recently invested in new wind and solar power projects across Europe, demonstrating their commitment to transition away from fossil fuels.
Leading Japanese consulting companies including Deloitte Tohmatsu Consulting (DTC) and Mitsubishi UFJ Research and Consulting (MURC) are actively enhancing their pro bono businesses. Rather than it being simply voluntary work, their aim is to use their employees’ specialized skills to help social businesses and the NPO/NGO sector, thereby increasing their employees’ positive motivations and, as a side effect, enhancing their companies’ social reputations.