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The main focus of sustainability in a company is
Triple bottom Line
- People (social)Profit (economic)
- Planet (environment)
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Kennametal's Triple Bottom Line Video
- People: Increase Morale, productivity, Safety
- Profit: Tax benefit for being green , decrease cost, increase profit, investor interest
- Planet: decrease waste, maintenance, carbon footprint
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Definition of Sustainability
Sustainability is development that meets the needs of the present without compromising the ability of future generations 满足现在需要但不影响下一代人的资源或毁坏环境
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Two polarized point view of Sustainability
- Shelter/ protect the environment
- Use up the environment resource
Stewardship Model fits middle
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Stewardship Model is
The responsible management resources
it focus on responsibility
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Proctor and Gamble took on the _________by implementing a _______
stewardship model
implementing a zero waste policy
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3 L's sustainability strategy plan about Smeal
Learn, Live, lead
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3 Big Issues drive Sustainability
- Population
- Intensity of resource use
- Climate Change
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How many Earths need for world population?
5 earth
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Bottom line for Population
population is still growing, industries will have to provide good and service to all people
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Bottom Line for Intensity of Resource Uses
Developing populations desire more, so business need to assist in supplying greater utility with less available resources
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Bottom Line for Climate Change
world must address GHG emission 温室气体排放 and climate change
- agreement to address this impacts through Incentives, regulations, and public pressure.
- 鼓励，规章，大众压力
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Tragedy of the commons or freedom of the commons- an example using cows and nearby pieces of land
人只想着自己利益不管大志
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All operated individual in their self-interest rather than thinking about land as a whole. -Example: cows and land
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导致Climate change is framed by （3个）
- Scientific
- Political
- Economic/Financial
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IPCC stand for?
What is it?
Intergovernmental Panel on Climate Change
- It is group formed by the United Nation
- It is comprised of gov't official
- They often refer to their GHG(Green House Gas Level)
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Geothermal heating is
corporate bases
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SKF as a LEED building is
personal bases
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LED
CFL
Standard light bulb
- LED: most efficient and most expensive
- CFL: most popular,dangerous contains Mercury
- Standard: Highest wattage , cheapest but not last long, cost high per year
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Light bulb change decision For fallowing stakeholders
individuals
Companies
Government
Environment
- Individuals- cost vs. saving, disposal, resistance to change
- Companies- change a business model, regulation, saving, atmosphere
- Government- decreased resource use, regulations, providing incentive
- Environment- decreased resources use
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SAS company on Sustainability Video (things SAS is doing) (LLLLRRSENDTU)
- LED light bulbs
- Low flow plumbing
- LEED certified
- Local sourcing
- Reducing irrigation water use
- Recycling
- Solar farm
- Efficient elevator
- New green executive office build
- Decrease employee travel
- Thermal system
- Using sheep instead of lawnmowers
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IBM structure of corporate sustainability
- Legal and compliance (Bottom)
- Strategic Philanthropy
- Values based self-regulation
- Efficiency
- Growth platform(Top)
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how many percent have clearly defined approach to sustainability
32%
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Sustainability is viewed important to almost half of
board of director memebers
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Megatrends大趋势 identified by Siemens Corporation- why use resources efficiently?
- Urbanization 城市化
- Demographic change 人口变化
- Climate change 气候变化
- Globalization 全球化
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Brand representation is #1 for CEO to be sustainable strategy. it is now a license to operate
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The biggest force driving sustainability are
Customer preference
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Marketing - sustainability (PSRRC)
- Product development
- Sales
- Research
- Reputation
- Communication
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Big Issue is "Green washing" which occurs when
company put "Green" label on a product without producing a sustainable product
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Accounting -Sustainability
- Transition FASB to SASB (Financial to Sustainability Acct Standard Board)
- Assrurance
- AICPA
- Dodd/Frank
- GRI(Global reporting initiative)
- Energy
- Sustainability report
- Compliance
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Big Issue is implementing "________" that takes sustainability into account along with financial reports
Integrated Reporting 综合报告
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Supply Chain- Sustainability
- Walmart invested in Zero waste wire reels
- 100 recyclable
- innovative work for responsible use of resource
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Which of following is not one of Walmart sustainability goals?
- reduce green house gas emissionsCreate zero waste
- using 100% renewable energy
- Sell sustainable demographic change
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4 Main categories and them of Walmart Supplier
- Natural resource
- Material energy
- People community
- Climate
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Supply Chain -sustainability
- Product design development
- Cradle to grave responsibility (从摇篮到坟墓）
- Sustainable sourcing
- material selection
- Value Chain improvement
- Supplier certification
- Manufacturing
- Distribution
- Disposal
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Finance- sustainability
- Social impact investing
- Investor demand
- Dow Jones sustainability index
- Regulation
- Carbon market
- Energy market
- Operation
- Bottom line profit
- Reputation
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Management- sustainability
- Recruitment and retention
- Training
- Employee engagement
- Community and social
- person impact
- Governance
- Human resource
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Risk Management- sustainability
- Actuaial, enterprise, real estate
- Insurance
- Assessment
- Climate change
- Reporting
- LEED
- Litigation
- NGO(non gov't org)
- healthcare system
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