From the editor: Measuring and reporting on environmental initiatives and progress has always been a challenge. But with the right tools, companies are increasingly able to quantify – and share – the results of their sustainability management projects. But this week, two separate studies indicated that reporting on progress may not be enough.
While more and more companies today are focusing on environmental programs, processes and products, many of them are not capturing – or reporting on – the financial value they’re gaining from strong environmental performance, according to research from Accenture, CDP and Hermes Investment Management. And that is a huge missed opportunity, Accenture says.
Hershey has redesigned its display cases in such a way that by 2025, they will have reduced packaging material by 25 million pounds, the company says. The new display case is a one-piece design with no cover packaging. It also eliminates the center divider. With these and other changes, the … Read more »
The EPA has withdrawn a controversial rule governing the reporting of cadmium and cadmium compounds, admitting the regulation had caused serious confusion and uncertainty. In an email dated December 14, the agency withdrew the rule it issued under section 8(d) of the Toxic Substances Control Act, saying, “There is significant … Read more »
Royal DSM is using Credit360’s web-based sustainability software to collect environmental data across its entire business, covering 110 sites in over 40 countries, and to communicate data down to the production line level. DSM is a global company active in the health, nutrition and materials sectors. By using Credit360’s sustainability … Read more »
Human rights, workers’ rights and climate change are the top three sustainability priorities for companies in the coming year, according to a poll of 500 business leaders. Company executives said their primary challenges for climate sustainability include effectively coordinating business units throughout the value chain, establishing an effective strategy, scaling … Read more »
The most popular reasons for companies to engage in sustainability reporting are stakeholder engagement and strategy formulation – not compliance or pushing the corporation’s point of view, according to a survey by consultancy Corporate Citizenship. The consultancy said the results stand in contrast to popular opinion, which often holds that … Read more »
A while ago my firm was hired to, as the strategy brief challenged, “…imagine the future of the sustainability report. Be disruptive.” The client asked us to consider this evolution and made it clear that a perfectly acceptable answer could be, “there is no future for the sustainability report.” The … Read more »
AB InBev last year cut its greenhouse gas emissions relative to production by 5.3 percent, meeting its goal of a 10 percent reduction on 2009 levels a year ahead of schedule, and also cut its relative water use by eight percent, according to the company’s 2011 Global Citizenship Report. In … Read more »
Royal Dutch Shell’s waste production increased almost 24 percent year-on-year from 2 million metric tons in 2010 to 2.47 million metric tons in 2011, according to the company’s 2011 sustainability report. That increase is down to a 61 percent rise in the company’s non-hazardous waste production, the lions share of … Read more »
ExxonMobil was fined £2.8 million ($4.4 million) after failing to report carbon emissions from a Scottish chemical plant, it has emerged. The Scottish Environment Protection Agency slapped ExxonMobil with the fine in 2010 but the details of the reporting error – which ExxonMobil admits, and says it regrets – have … Read more »
Novo Nordisk cut its CO2 emissions from energy consumption by two percent in 2011, from 95,000 to 93,000, while increasing sales and production, according to its eighth integrated annual report. In the report on financial, social and environmental results, the global healthcare company said production-related CO2 emissions were down 56 … Read more »