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Transcript of Sustainability
Sanayebakhsherad Andy Romfo And Morgan
Whitney Oh yeah, it's worth it. What is Sustainability? Our ability to meet the needs of the present without compromising the ability of future generations to meet their needs.
Unsustainable business practices mainly involve inefficiency in energy usage, dependence on non-renewable resources and a general failure to account to environmental factors in business decisions.
Different types of long-term consequences of unsustainable practices include: Environmental Business
In light of the current Green Movement,
We have profiled three companies that are trying to make their operations more sustainable. “Taking care of our people, giving back, doing the right thing, creating shareholder value, respect for all people, entrepreneurial spirit, building strong relationships, and excellent customer service.”
-Francis S. Blake (The Home Depot C.E.O.)
Product Change Up Agriculture (Locally Grown Initiative) Jewelry Clothing (Faded Glory) Zero Waste Goal: Want to generate zero waste
Sandwich Bailing Less Packaging Electronics Recycling Sustainability Index Pioneering product sustainability index Products normally categorized by (nutrition or price), but not sustainability UNTIL NOW!
Goal: within 5 years, products will have a label with sustainability information “It’s actually a very low cost investment to do this work, more importantly we’re seeing tremendous savings.” - Matt Kistler (Sr. VP Sustainability) Ethical Sourcing at Starbucks
Goal 77% – 295 million pounds worth – was responsibly grown and ethically traded.
The Starbucks Farmer Support Center (Costa Rica in 2004) Projects
o Supporting small-scale and Fair Trade farmers.
o Paying the price that quality coffee commands
o Helping conserve wildlife and biodiversity in Africa's coffee regions through the African Wildlife Foundation (AWF)
o Investing in a better future for farmers through loan programs. Environmental Stewardship Goal: 100% of cups to be reusable or recyclable.
Sells 4 million cups of coffee daily Finding ways to minimize use of energy, water and other resources. Building new stores to use 25% less energy. Community Involvement Starbucks partners and customers in the U.S. and Canada volunteered 245,000 hours of service in 2008. Goal: more than 1 million hours of community service per year by 2015 Starbucks Foundation Ethos water Some notable initiatives 1991-Established an evaluation process for suppliers who make environmental marketing claims on product labels and optional independent scientific certification. 1993-Became world's first home improvement retailer to offer a product featuring an "Environmental Report Card."
2002-After years of research, we determined item by item – from lumber to broom handles, doors to molding and paneling to plywood where our wood products are harvested.
2007-The Home Depot Foundation committed to invest $100 million over the next decade to build over 100,000 green affordable homes and plant three million trees.
Home Depot has identified more than 2,500 Eco Options products, including all-natural insect repellents, cellulose insulation, front-load washing machines, organic plant food and vegetables in biodegradable pots. The wide array of Eco Options also includes compact fluorescent light bulbs, programmable thermostats and certified wood. Suppliers that qualify for the Eco Options label will be rewarded with what preferential treatment such as prominent shelf space in the nearly 2,000 Home Depot stores in the U.S. and aggressive marketing through weekly newspaper inserts. How we see 'worth' in corporations Is Sustainability 'Worth it'?