This post examines how to communicate the business value of CSR to the stakeholders those important external groups that are linked with and can have large impacts on a company. The post goes on to point out various ways effective CSR initiatives can have a positive effect on the business and how it is becoming […]
Companies are now requiring their suppliers to address carbon management as a core business issue. A plan to deselect some suppliers in the future for failing to meet carbon management criteria set by the companies. These organizations are increasinigly developing strategies for engaging with suppliers on carbon related issues amd have emissions or energy reduction plans in place.
A recent study by A.T. Kearney indicates that firms with “true commitment to sustainability” outperform industry peers in the financial markets. Companies that embraced sustainability before it became in vogue, now have the competitive advantage. These companies increased production volume while reducing greenhouse gas emissions, decreasing water consumption, optimizing packaging volume.
According to the white paper, “Developing a Sustainability Strategy”, published by Pike Research, successful corporate sustainability programs share a common foundation and are supported by three key pillars: executive buy-in from the start, creation of an effective sustainability committee, and the establishment of clear and measurable sustainability goals.