Sakhalin Energy Investment Company Ltd. was founded in 1994 to develop the Piltun- Astokhskoye and Lunskoye oil and gas fields off the shore of Sakhalin Island. The company was the first in Russia to start offshore hydrocarbon production from ice-resistant platforms and liquefied natural gas production. It can be justifiably proud of its achievements in the field of environmental protection and social responsibility. more[...]
Auditing, codes of conduct and presenting the ‘business case’ to suppliers is not enough. Actually changing the business practice of suppliers requires more than platitudinous statements of commitment. In this section we look beyond compliance at how to develop suppliers and induce real change of managerial practices for improved productivity, responsible use of labour, greater environmental performance and creating long-term reliable supplier bases. more[...]
Companies depend on services provided by nature, such as fresh water, clean air, healthy biodiversity, and productive land, and their impact on the environment stretches far beyond what goes in and out of a production site. However, the total environmental cost of doing business is not fully accounted for in today’s financial disclosures. Novo Nordisk has looked beyond its own business operations to track the true cost of its environmental impacts. more[...]
As a global player in the transportation and energy sectors, MAN has a special responsibility to contribute to the reduction of the global carbon footprint. MAN lives up to this responsibility – in its Climate Strategy, it has set a clear objective: a 25 percent reduction in CO2 emissions from the company’s production sites by 2020 (baseline: 2008). The MAN Group has already cut CO2 emissions by 77,000 tons since 2008 – primarily due to the dedication and creativity of its employees, who initiate and carry out climate-protection projects at its sites. Resource scarcity, climate change, globalization, and urbanization are global challenges. MAN actively addresses these issues through its comprehensive corporate responsibility (CR) strategy. At MAN, CR finds concrete expression in four fields of action: integration, economy, environment, and people. Integrating economic, environmental, and social responsibility into its business practices is central to MAN’s success. MAN’s employees are essential to this process – they are its CR ambassadors. Only with their participation can MAN find fitting answers to the most urgent questions of our time. more[...]
By 2030, the world will face a water shortage in the amount of 40 percent of its needs. The energy sector, which is the second major user of water behind agriculture, will have to face this challenge. Hence, it is important for GDF SUEZ to be prepared for potential impacts on its business and identify risks and opportunities related to the problem of lack of water. more[...]
As part of the Fenix Outdoor group, Fjällräven became a participant to the UN Global Compact Principles in 2012. As an outdoor company, we strive to focus in particular on the environmental principles of the Global Compact and to address our current impacts as well as look for innovative solutions to certain issues. The precautionary principle is a guiding principle in our environmental strategy because our products are often made with materials derived from natural sources. We have been making down products for more than 40 years. An important question that arises in this endeavor is how to make high-quality down products with respect to animal welfare? We continuously ask ourselves this question in our business conduct and are in the process of finding an answer. We have managed to establish a production chain with consistent and strict controls and believe we have come close to achieving sustainability in this respect. Fruitful partnerships are part of our approach. We are convinced that a holistic approach and being a pioneer – leaving the beaten path – are key to coping with today’s challenges and finding working solutions. This is what we are striving for at Fjällräven. more[...]
The cultivation of agricultural crops and the production of food are resource-intensive activities that negatively impact the environment and society. About one-third of the Swiss population’s ecological footprint is due to food consumption. Coop is the second-largest retailer in Switzerland. The cooperative has lived up to its responsibility by promoting organic and fair agriculture for more than 20 years. more[...]
Extreme poverty, poor health, inadequate nutrition, and other forms of human deprivation are widespread and reduce development opportunities of the generation living today. One result is increased internal as well as international migration – depriving rural areas and poor countries of the most valuable development resource: the initiative and skills of young people. Even in rich countries, income and wealth disparities are widening, and high unemployment – particularly among young people – is becoming endemic. The world population will grow from today’s 7.2 billion people to more than 9 billion by the year 2050. more[...]
Over the last decades, sustainability has been accepted by policy makers and corporate managers alike as a relevant and legitimate goal. In this context, the current UN-level efforts to formulate Sustainable Development Goals (SDGs) can be expected to further consolidate the sustainability agenda and to help relevant actors to address today’s key global sustainability challenges. more[...]
Sustainability goals, such as those associated with the the post-2015 development agenda of the United Nations, have to be translated into new commercial products and services as well as different ways of making and delivering them that replace less-sustainable alternatives. This is the role for firms intending to profit from innovation while meeting sustainable goals. Sometimes these innovators are small entrepreneurial firms that see sustainable products as an ideal niche in which to start a new business venture. Sometimes these innovators are large firms that have identified opportunities where customers and/or technologies are new. Successful innovation at the firm level contributes cumulatively to industrial structural change in a process known as “creative destruction.” Through this process, a new paradigm can emerge, within which sustainable economic growth flourishes in an inclusive manner consistent with the goals of the United Nations post-2015 agenda. more[...]
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