These companies have moved beyond pledges and are making good on their commitments to pursuing a purpose beyond profit.
Corporate social responsibility is stuck. When it emerged on the scene 20 years ago, businesses and other stakeholders had high expectations for what a focus on CSR could deliver. But the reality is that neither business nor society are on track to enable nine billion people to live well within the boundaries of the planet by 2050 - let alone 2030. There’s a lot at stake: Unless business collectively steps up to contribute substantively to embracing and achieving the Sustainable Development Goals, many business models will be at risk.
In its annual Environmental Responsibility Report, tech giant Apple has revealed ambitious new plans to develop a closed-loop model for its supply chain. To achieve this goal, the world’s second largest smartphone producer will focus on using only renewable resources and recycled materials and eliminating conflict materials from its value chain.
Following the announcement of its new store renovation initiative, CVS Pharmacy has revealed that it will be eliminating parabens, phthalates and the most prevalent formaldehyde donors in nearly 600 beauty and personal care products in its CVS Health, Beauty 360, Essence of Beauty and Blade lines. CVS Pharmacy will stop shipping store brand products that don’t meet these standards to distribution centers by the end of 2019.