State of Sustainability Reporting in India

India, even with it’s moderate growth over the last 2 years is one of the fastest growing economies in the world. It stands 10th in the world by GDP third in terms of PPP among the world. Even when the US, EU, Japan and other large G8+5 countries have seen stagnant or low growth rates, only China and India have managed a steady growth of 7.8% &  5.4% respectively. With growth comes pressure on resources, social inclusion and environmental stability. Both India and China are continually facing issues such as inequality, poverty, environmental pollution, corruption, public health and the like. With the line between public responsibility and private initiative blurring, the popular opinion is putting pressure on private players to be responsible in their activities, go beyond financial performance and contribute positively to the social, economic and environmental well-being of the nation and society at large. In short,  companies are under pressure to become more Sustainable. While most of the companies have been able to heed this call, a lot …

The 2012 Sustainability Leaders

Source: SustainAbility It is probably no surprise that perceptions of sustainability leadership have declined or stalled for nearly all institutional actors – including corporations, governments, NGOs and social entrepreneurs – in the last 12 months. Social protests around the world indicate disillusionment with rising inequality, unemployment and continued unsustainable short-term thinking and reflect the growing distrust in leaders of all stripes. The 2012 Sustainability Leaders: A GlobeScan / SustainAbility Survey polled a total of 825 experts in January and February 2012 to better understand which companies and sectors of society, if any, are making any progress in advancing the sustainability agenda. Continue Reading…

ConAgra Foods’ green strategy: Award employees for sustainability efforts

Source: Last year, ConAgra Foods — the U.S. packaged-foods company behind such well-known brands as Hunt’s Ketchup and Reddi-Wip — saved millions of dollars while dramatically cutting its energy consumption. It accomplished this by not relying on major process changes or heavy investments hailing from top executives. Instead, it turned to its employees. The accomplishments stemmed from an awards program, launched in 1992, developed to encourage employees to proactively look for ways to eliminate waste and reduce water and energy consumption. By allowing different divisions to set their own sustainability goals and awarding employees that met those goals, the Nebraska food giant saved 300 million gallons of water, eliminated 61,000 tons of landfill waste and reduced its carbon emissions by more than 43,000 metric tons. These efforts also saved the company $28 million. Gail Tavill, ConAgra’s vice president of sustainable development, spoke with GreenBiz about how the program works, lessons learned and challenges the program has faced. GreenBiz: How did you reduce water usage by 300 million gallons of water? Tavill: …

Visualizing sustainability’s rewards via MIT’s new interactive tool

Source: MIT Sloan Management Review released the results of its latest global survey on sustainability and innovation earlier this month, revealing that a significant number of companies see the value of sustainable business practices — and are reaping the financial rewards. For the first time, the results were released in aninteractive data visualization format. The new tool allows readers to filter the data by industry, company size, company performance and other factors. Presenting the data this way yielded several interesting findings: • The automotive sector gets it: The automotive industry leads the way in making the business case for sustainability. However, when it comes to profitability, automotive is only in the middle of the pack; the consumer products industry is at the top, with 42 percent of consumer products respondents saying that they are profiting from their sustainability activities. • High reputational benefits: Improved brand reputation is the greatest benefit companies enjoy from addressing sustainability issues. This is especially true in the automotive, consumer products and media/entertainment industries. • Customers drive sustainability: Of the “harvesters,” those respondents …

Big Business On The Sustainability Offensive

Source: Ethical Corporation There is a growing trend for big companies to use sustainable concepts as core business drivers For decades, many companies have typically responded to sustainability challenges by pursuing incremental operational improvements. But we are beginning to see an interesting new trend – businesses using sustainability as a tactic for long-term offense, rather than just short-term defence. Despite the uncertain economic outlook, leading international companies across diverse sectors are investing heavily in sustainable products and services. Others are making cross-industry partnerships to develop next generation products such as the elusive mass market electric car. Some are even enhancing their business models through mergers and acquisitions that seek to address, and capitalise on, sustainability trends. The big challenges What is driving this marked shift in approach? In our view, it is not just a focus on marketing or corporate social responsibility or even the need to manage costs and improve efficiency. Instead, leading companies are demonstrating a growing belief that their future profit and growth will be tied to …

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