2. AGENDA Climate Change Implications on businesses What is Sustainability? Triple Bottom line Sustainable Business Practices/Solutions Technology Based Solutions Management Based Solutions Market Based Solutions Communication Aspects Benefits of such practices Solutions employed in firms Sustainable Business Practices 2
3. Climate Change Climate change is a long-term change in the statistical distribution of weather patterns over periods of time that range from decades to millions of years. It may be a change in the average weather conditions or a change in the distribution of weather events with respect to an average, for example, greater or fewer extreme weather events. Anthropogenic Factors: These are human activities which affect the climate. The scientific consensus on climate change is, "that climate is changing and that these changes are in large part caused by human activities." Sustainable Business Practices 3
4. Implications on business Implications on companies by Regulatory authorities on their environmental impacts. In some countries, companies have come strictly under compliance. Strategic angles for new businesses and running businesses coming out of policy framework. A new customer has emerged A new front for competition “Many companies are agnostic about the science of climate change. They engage the climate-change issue as a way to protect their strategic investments and to search for business opportunities in a changing market landscape” Sustainable Business Practices 4
5. SUSTAINABILITY “Sustainability refers to development that meets the needs of the present without compromising the ability of future generations to meet their own needs” Sustainable Business Practices 5
6. Evolution of the concept of Sustainability 1962: Rachel Carson publishes “Silent Spring” widely credited with helping launch the environmental movement 1970: First Earth Day celebration – April 22nd 1972: First UN conference on the Human Environment in Stockholm, Sweden 1983 – UN establishes World Commissionon Environment and Development Purpose: examine world’s critical environment and development problems and formulate solutions Sustainable Business Practices 6
7. 1987: Brundtland Commission Report 3 components of Sustainable Development:Environmental protection, Economic growth,and Social equity Sustainable Development defined: “Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” 1992: Rio Earth Summit: Over 178 governments adopted Agenda :a global blueprint and plan of action for sustainable development in the 21st century Sustainable Business Practices 7
10. Profit Differs from traditional accounting definitions of profit. In the original concept, within a sustainability framework, the "profit" aspect needs to be seen as the real economic impact the organization has on its economic environment. Sustainable Business Practices 10
11. People Pertains to fair and beneficial business practices toward labour and the community and region in which a corporation conducts its business. A TBL company conceives a reciprocal social structure in which the well-being of corporate, labour and other stakeholder interests are interdependent Sustainable Business Practices 11
12. Planet Pertains to adopting environmentally sustainable business practices Reducing ecological footprint Sustainable Business Practices 12
16. Market Based Sustainable Business Practices 14
17. Technology Based Based on scientific innovation of new products, systems, technology which focus on the environmental aspects of their implementation without compromising on the quality aspects. For example: Energy efficient Electronic products- Compact fluorescent lamp (CFL) Energy Management Systems (Software) Sustainable Business Practices 15
18. Management Practices 1. Operations Management: Based on optimization in various processes of product development or service. Supply Chain improvisations Assessment of Product Life cycle 2. HR Management: Technological and economic activity may be direct causes of climate change, but it is the culture and structure of an organization that guides the development of solutions. Reward systems, training programs, management philosophy, employee involvement, reporting requirements, data collection, and analysis. 3. Financial Management: Accounting & Audit, Investment Sustainable Business Practices 16
32. Benefits 5. Provides business development opportunities: Sustainable Business Practices 21
33.
34. A strong company morale contributes significantly to the attraction and retention of a high calibre workforce. Such organizational benefits may be difficult to quantify, but they are real. Sustainable Business Practices 22
35. Solutions employed in various firms(Based on research) Sustainable Business Practices 23
36. A. Climate and Energy Strategy: Applying IT to transform energy-intensive and carbon-heavy processes to become more: Transparent, Efficient & Transformational B. Sustainable design • Eco-labels: ENERGY STAR® • Design for recyclability C. Supply Chain Responsibility Focusing on: • Integrating social and environmental requirements into its operations • Helping suppliers build their SER( Supply Chain Social and Environmental Responsibility) competencies • Collaborating with (NGOs), governments and industry peers to inform, validate and improve its efforts • Reporting fully and transparently the aggregated results of supplier audits, remediation efforts and training. Hewlett Packard Sustainable Business Practices 24
37. Hewlett Packard D.Product reuse and recycling: Launched a buyback program in January 2009 E. HP operations: Its environment, health and safety (EHS) management system ensures that it complies with regulations and meet company standards across all HP facilities. Sustainable Business Practices 25
38. Bank of America Corporation(Diversified Financial Services) A. Financial Services: Provides financing for a wide range of construction projects and facility improvements that enhance the energy efficiency Carbon Market Services: Operates an active carbon market services business that provides risk management, market access and liquidity, and structured finance Sustainable Business Practices 26
39. Bank of America Corporation B. Investment: Increased its focus on investing in and financing the development and use of cleaner renewable energies. Sustainable Business Practices 27
40. Bank of America Corporation(Diversified Financial Services) C. Helping Consumers Reduce Their Carbon Footprint: • Offers customers a range of options for “e-delivery.” • Brighter Planet™ Affinity Banking offers credit and debit cards that help customers finance community-based renewable energy projects. • Bank of America currently offers two green mortgages to customers. Sustainable Business Practices 28
41. Bank of America Corporation E. Reducing its own Environmental Footprint: 1) Operations: • Have invested in energy conservation measures, such as energy-efficient lighting and HVAC systems, for facilities. • Focus on energy efficiency includes a commitment to build all new banking centres to meet LEED® standards. 2) Its Associates: Encourages associates to reduce their own carbon emissions through a series of interactive in person educational workshops, grassroots activities, a dedicated website and a carbon calculator. 3) Its Supply Chain: Encourages its suppliers to increase their focus on climate change and resource efficiency. Sustainable Business Practices 29
42. United Parcel Service(Transportation Industry) 1. Innovative Fleets & Facilities a. Ground Fleet • Careful Route Planning Yields Environmental Benefits • Fleet Maintenance Minimizes Environmental Impact b. Air Fleet 2. Green Facilities- Office and Operational facilities 3. Alternative Fuels Usage Sustainable Business Practices 30
43. United Parcel Service(Transportation Industry) 4. Recycling & Conservation a. Lighting: Funded lighting upgrade projects b. Solid Waste, E-Waste and Battery Recycling • Office paper, cardboard, and plastic material separation and recycling programs have been in place at facilities. • Recycling batteries which included nickel cadmium, nickel metal hydride, lithium iron, and small-sealed lead acid. • Implemented own e-waste recycling program to ensure that electronic equipment used by the company is refurbished or disposed of properly when it becomes outdated. Sustainable Business Practices 31
44. United Parcel Services c. Responsible Packaging • Introduced the industry's first Reusable Next Day Air envelope, Express Envelope • Encourage consumers to bring in foam packing to be reused and recycled. d. Water Conservation • Vehicle Washing Policy: Wash as needed to maintain appearance. • Water reclamation systems: Wash tunnels equipped with active systems to reclaim water for reuse. • Vehicle Wash Agent (VWA): Use environmentally friendly enzyme wash agent Sustainable Business Practices 32
45. Coca-Cola(Manufacturing) 1. Advancing Energy Efficiency and Climate Protection • Track and manage carbon emissions • Investing in renewable energy resources. • Addressing its energy footprint. Improving its energy efficiency per litre of product produced and working to stabilize its emissions system wide. 2. Operations- Focusing to reduce emissions in three key areas: manufacturing, fleet/transportation and sales equipment (coolers and vending machines). • Using hybrid electric trucks. • Investing in Fuel Cell Technology. Sustainable Business Practices 33
46. Coca-Cola (Manufacturing) 3. Creating Sustainable Packaging- Packaging goals focus on three priority areas for effectively preventing waste: optimizing packaging efficiency; increasing its use of renewable and recycled materials; and eliminating waste to landfills through recycling. 4. Improving Water Use and Efficiency- focus is on three areas: improve water efficiency; recycle the water used in operations (wastewater treatment); and replenish through community water access and watershed restoration and protection. Sustainable Business Practices 34
47. THANK YOU HAVE A NICE DAY Sustainable Business Practices 35
