If your organization has yet to set sustainability goals and formulate a strategy to reach them, start by honing your strategic thinking skills and learning about your industry’s sustainability issues before having a conversation with your team. Bank of America is tackling sustainability from the top down by providing other businesses with the funds to reach their sustainability goals. Rothy’s has also committed to using recycled materials to package products, and it’s partnered with the Envira Amazonia Project to conserve tropical rainforests and offset the carbon emissions released during shipments. In all cases, net Program Fees must be paid in full (in US Dollars) to complete registration. Volvo Ocean Race: one of the yachts taking part in this round-the-world regatta — the Turn the Tide on Plastic … expand leadership capabilities. Sustainable Initiatives The University of Iowa officially transferred management of its utility system to ENGIE North America on March 11, 2020. With more than 460,000 employees, China Mobile Limited is the largest mobile telecommunications company in the world. Olympic Games:the International Olympic Committee (IOC) has undertaken to eradicate single-use plastics at its headquarters, at the Olympic Museum and at all its events. This includes supporting the work of universities and other research programs focused on sustainability. This clothing company is focusing on the third of the three “Rs”: recycle. In the online course Sustainable Business Strategy, she explains that the intersection of “doing good” and “doing well”—called the creation of shared value—is often highly lucrative. These days, pharmaceutical companies are working hard to clean up their image, but GlaxoSmithKline is also working hard to keep the environment clean. The need to come together and work toward collective change has never been more pressing. Working with Conservation International, Apple has pledged to replant 27,000 mangrove trees along the coastline in Colombia. Maybe your company’s budget doesn’t run into the millions, but these examples of corporate sustainability initiatives will inspire you to consider what you can do. 3 Examples of Sustainable Tourism Initiatives. Residents share a piece of land cultivated into gardens where they grow fruits and vegetables. The Ben & Jerry’s website features facts about the current state of climate change, how it disproportionately impacts underserved communities, and a list of ways to combat it. The recently announced cooperation between SAS and Airbus to develop electric aircraft is an example of a larger long-term partnership. For example, you can track employee time by using automated software. While often expensive, running a sustainable business can pay off in the long run—both financially and environmentally. This type of business may seem inherently unsustainable unless, like Neste, your company decides to invest heavily in biofuels and commit to developing that revenue stream to nearly half of their total revenue by 2050. Urban farming in allotment gardens has long been a popular pastime among Swedes, in many corners of the country. Are you interested in making a difference as a purpose-driven leader? Their focus is on sustainable buildings and developments that are environmentally sound. The company is going even further by partnering with the U.S. “Which is why we knit our styles to shape with recycled materials like plastic water bottles.”. Etsy’s funding of these projects has been purposeful and helped the company ensure it counteracts at least the amount of carbon emissions its shipping creates. Energy Conservation Whether in central operations such as boilers, or with lighting systems, kitchen equipment, and automated energy management systems, hotels globally are working to reduce energy use while sustaining—and, whenever possible, enhancing—the guest experience. The company reports having recycled nearly 70 million plastic bottles so far. AstraZeneca partnered with Kenyan company Biogas International and the University of Cambridge’s Institute for Sustainability to install biogas stoves in rural communities in Kenya. Learn More. Speaking of the top 100, Prologis is the only real estate investment trust to make 2020’s list. Develop sustainability policies and procedures to reinforce the efforts. Here are five examples of businesses with successful sustainability initiatives to inspire your organization’s strategy. Sustainability initiatives are changes to business practices that a company adopts to decrease its negative impact on the environment. Regardless of your company’s goals, here are 12 examples of corporate sustainability initiatives from 2020 to get you started. We confirm enrollment eligibility within one week of your application. This commitment means that 60% of their revenue is considered “clean.”. Although lofty sustainability goals cost money to implement, strategizing for sustainability can pay off in the long run in the form of product sales and employee retention. Etsy is the first major online shopping destination to offset 100 percent of carbon emissions from shipping. Let’s get started today. Koloniträdgårdförbundet (the Association Looking to integrate more sustainability into your media? To only use plastic packaging that is reusable, recyclable, or compostable by 2025. The company published their first GRI report in 2006, and, since then, the company has been able to review and disclose key sustainability performance indicators. Their corporate sustainability initiatives are focused on the United Nations’ Sustainable Development Goals (SDGs) and are centered on improved sustainability around food yields, reducing food waste, and eliminating antibiotics in animal production. LEGO. The success of companies and products funded by the initiative has paved the way for greater cash flow to projects that positively impact the planet. It’s hard to believe that a company that uses plastic as its primary material would offer any good examples of corporate sustainability initiatives, but here we are. Learn about events on campus, tips & tricks to be more sustainable, and other sustainability related concepts. These 10 eco-friendly initiatives have since become the norm for hotels looking to offer more sustainable services. At EdgePoint Learning, we can help you turn your inspiration to do good into effective, efficient, and engaging training around your corporate sustainability initiatives. Related: 5 Tips for Formulating a Successful Strategy. After all, they pioneered the idea of reusing goods instead of throwing things out to buy something new. When looking at the top 100 companies in each of 49 countries, the report found an underlying trend of 75% of companies that reported corporate responsibility and this was up from 18% only 15 years ago. Its line of sustainable products is made using environmentally preferred materials like recycled polyester. The company also uses renewable energy sources in manufacturing. Sustainability Initiatives; Examples of Initiatives; Examples of Initiatives Environmentally-friendly buildings. 8. It can be helpful to have examples of corporate sustainability initiatives to look to for inspiration. Additionally, a recent survey conducted by blockchain-based clean energy company Swytch found that nearly 70 percent of employees report that their company’s strong sustainability program impacts their decision to stay with it long term. Less gas is spent for store trips and transportation from different countries and fields. Learn how completing courses can boost your resume and move your career forward. Manage your account, applications, and payments. One example of a company with sustainability at the heart of its strategy is Rothy’s, a retailer that uses recycled plastic bottles as a production material for shoes, bags, and, recently, face coverings. This implies that your decisions, partnerships and supply chain are all strategically created to complement your greater sustainability initiatives. Master real-world business skills with our immersive platform and engaged community. The list was too long to elaborate here, but 250 different companies across a wide variety of industries have pledged to eliminate unnecessary plastic in their products and packaging and to recycle and reuse the plastic that is needed. Promoting Sustainability of Community Health Initiatives: An Empirical Case Study describes an empirical study of strategies used to promote sustainability of community health initiatives. This is just the first step in their commitment to completely erase plastic from their supply chain by 2021. 2. Get in touch today to learn how EdgePoint can help with your next project. Visit our Read, Listen, and Watch List for handpicked recommendations. Procurement Services have played an important role in the implementation of the University’s Paper Use Policy (2005). In addition, the company gathered data about the detrimental impact of CO2 on the respiratory system for future pharmaceutical work. This company has its focus on environmental sustainability. Related: Why Is Strategic Planning Important? Examples: Install low-flow faucets and water efficient toilets; Reduce landscape water use; Engage employees to be more conscientious; Install automatic light shut off; Use energy efficient light bulbs; Reduce scrap material during production; Real World Examples: On its website, Rothy’s details the process of how used plastic bottles are sliced, pressurized into pellets, and spun into thin, durable thread before they’re knit into shoes, bags, and face coverings. You can also help the environment by using less paper waste and going digital. Updates to your application and enrollment status will be shown on your Dashboard. They are committed to reducing their environmental footprint, reducing waste and emissions by 25% by 2030. To counteract carbon emissions released into the environment by package shipments, Etsy has partnered with renewable energy company 3Degrees to fund verified carbon emission reduction projects, such as protecting forests, sponsoring wind and solar farms, and developing greener methods for auto part production. In 2014, Bank of America launched the Catalytic Finance Initiative, which has directed $10 billion to investments deemed too high risk by many standards but ultimately worked toward the United Nations’ sustainability goals. Hansen Holding has their metaphorical fingers in nearly every bite of food you take or drink you sip. A simple way to implement this is to hold “lunch and learns” where you either bring in a speaker, share a video, or facilitate a discussion on a topic related to sustainability. Research in the Harvard Business Review demonstrates that sustainable businesses see greater financial gains than their unsustainable counterparts. Rothy’s. Copyright © President & Fellows of Harvard College, HBS Professor Explores the Impact Purpose Can Have on Your Organization, 5 Tips for Formulating a Successful Strategy, 3 Examples of Corporate Social Responsibility That Were Successful, reads a statement on the company's website, You can apply for and enroll in programs here, Reduce carbon emissions by at least 45 percent by 2030, Transition to 100 percent renewable energy by 2050, Divest fully from the fossil fuel industry, Stop deforestation of old-growth tropical forests, Ensure support for developing countries’ mitigation and adaptation. Since 2016, the Catalytic Finance Initiative has comprised of 12 partners that support investing in high-risk, high-impact sustainability projects, furthering the precedent that investing in sustainability is worth it. Banco de Brasil is the most environmentally sustainable bank in the world. “As a food company, many of the partners in our value chain, including our fair-trade suppliers in the global south, are at real risk from a warming planet,” the company states on its website. Everyday Sustainability Initiatives and how the three pillars are interrelated: Plant more fruits and vegetable gardens around the house reduces agriculture pollution in waterways and reduces water treatment costs. Things like, power down equipment at the end of the day and enable energy savings settings on all computers and desktops, are examples of policies that can support the cause. By making sustainable efforts part of your company mission, you are making a commitment to sustainability becoming an integral part of your bottom line. “If it’s melted, it’s ruined,” reads a statement on the company's website. Neste Corporation refines and markets oil out of Finland. Wal-Mart Stores, Inc. (), McDonald’s Corporation and many of the true corporate giants have named sustainability as … Its corporate sustainability initiatives include offering more green loans than any other bank. A green team will give employees an opportunity to contribute to the development and implementation of your sustainability initiatives. Some examples of these non-shoe initiatives include: Through TOMS Eyewear they helped restore sight to over 400,000 people. You can apply for and enroll in programs here. The company outlines global goals for everyone to work toward, including: The company’s goal is to use 100 percent clean energy by 2025, which it’s on its way to accomplishing through solar panels, bio-digesters that turn emissions into clean energy to power ice cream plants, and new green freezer technology. 76 Discuss Examples of Major Sustainability Initiatives . One such great initiative is the Lane Cove Community Garden at Hughes Park. “You don’t have to leave your values at the door when you come to work,” Henderson says. These five organizations can serve as inspiration and proof that it’s possible to “do well” while “doing good.” They also demonstrate that running a sustainable business can benefit not just your organization but the planet. Related: 3 Examples of Corporate Social Responsibility That Were Successful. Pharmaceutical company AstraZeneca operates with health at the center of its work, which is why funding a project that increases Kenyans' health while aiding the environment made sense for the organization. The sports-gear multinational integrates sustainable design across its product portfolio and created the Making app in 2013, allowing the data in its materials sustainability index to be public. The Johannesburg Declaration on Sustainable Development and the Plan of Implementation, adopted at the World Summit on Sustainable Development in South Africa in 2002, reaffirmed the global community's commitments to poverty eradication and the environment, and built on Agenda 21 and the Millennium Declaration by including more emphasis on multilateral partnerships. The research also shows that consumers’ focus on buying from sustainable brands is on the rise. Office environmental initiatives towards reducing their impact on the environment play an essential role in the sustainability of a positive impact. Keep up with current news. Climate Positive Community: Oberlin, OH —Oberlin is one of only three U.S. cities in the Climate Positive Development Program which works to revitalize the local economy, eliminate carbon emissions, restore local agriculture, food supply and forestry and … If you are new to HBS Online, you will be required to set up an account before starting an application for the program of your choice. By investing in typically high-risk sectors, such as early-stage clean energy companies, Bank of America has effectively de-risked sustainable investments. Among LEGO’s environmental goals are reducing packaging and sourcing 100% renewable energy by the end of 2020. Moreover, Nike has pressed 650 of its suppliers in 52 countries to develop and implement written environmental policies. Harvard Business School Professor Rebecca Henderson seeks to debunk the myth that sustainability isn’t a wise investment for organizations. By choosing to purchase products and services from brands working toward environmental and social sustainability, consumers can make a significant impact. 7. eBay Eco-Initiatives. 1. For instance, following the death of George Floyd and the new wave of Black Lives Matter protests in June 2020, Yelp reported a 7,043 percent increase in support for Black-owned businesses on its platform. Green loans are given to environmentally-focused projects and a third of Banco de Brasil’s loan book consists of green loans. 8. Become a resilient leader in these turbulent times. This includes reaching out to and encouraging suppliers to make more sustainable choices. You may not recognize the name, but Chr. In fact, they are number three in the world on the Corporate Knights’ Global 100 list of the world’s most sustainable corporations. Among LEGO’s environmental goals are reducing packaging and sourcing 100% renewable energy by the end of 2020. “It’s true for ice cream, and it’s true for the planet.”. In 2017, a KPMG report noted that 93% of the world’s 250 largest companies by revenue produced corporate responsibility reports. Their ultimate goal? Corporate sustainability has become a buzzword in companies big and small. Explore our three-week Sustainable Business Strategy course to learn how to create shared value at your organization. Ben & Jerry’s also implores the public to support clean energy movements, read articles about climate change and climate justice, and learn about other brands and organizations fighting for the same cause. We accept payments via credit card, Western Union, and (when available) bank loan. You might consider eBay the godparents of all other corporate sustainability initiatives. Keep up to date on learning industry news and the latest EdgePoint offerings. “And because climate change is a risk to people in our supply chain, it’s also a risk to our business.”. We need to have day-to-day actions aligned with policy in order to achieve our outcomes. GLP J-REIT owns facilities with various environmental performances and has been eagerly introducing environmentally-friendly equipment such as LED lights. #5 Sustainability through urban farming. Apple also runs on 100% green energy at its production facilities, relying on wind and solar power instead of fossil fuels. Develop eLearning experiences from program planning to launch, Grow your training team with our expert guidance and support, Discover new learning approaches, technologies, and opportunities, Craft precision microlearning programs for training in the flow of work, Provide on-the-job support, where and when they need it most, Deliver training and performance support with learning-on-location tools, Rapidly deploy virtual-led programs for your remote workforce, Explore workplace AR tools like object recognition and 3D training, We are a boutique, end-to-end solution for your training needs, Work with the experts in online and mobile corporate learning, Find inspiration for your next employee training project, Discover how we crafted engaging learning experiences for clients, As Kermit once said: “It ain’t easy being green.”. Google’s focus on “greening” their supply chain is just one of the ways they are working to improve their sustainability efforts. The hallmark of this type of initiative is a change that demonstrates the company's concern for the protection of today's environment for future generations. Take inspiration from the examples of corporate sustainability initiatives discussed above. No, all of our programs are 100 percent online, and available to participants regardless of their location. Lane Cove Council in Sydney’s North supports many initiatives aimed at protecting our natural environment by promoting ecological, economic and social sustainability. This site is protected by reCAPTCHA, and the Google Privacy Policy and Terms of Service apply. It’s hard to believe that a company that uses plastic as its primary material would offer any good examples of corporate sustainability initiatives, but here we are. A total of three initiatives for prevention of adolescent pregancy and three initiatives for prevention of adolescent substance abuse in Kansas were studied. Less money is also spent at the store. Talk about putting your money where your mouth is. When the U.S. Supreme Court ruled that corporations were legal persons (citizens), protected by the Constitution, the concept of corporations being “good citizens” was elevated to a voluntary level. Postal Service to provide green shipping options and also offering local places to sell goods to further reduce the environmental cost of shipping. Help your employees master essential business concepts, improve effectiveness, and Some candidates may qualify for scholarships or financial aid, which will be credited against the Program Fee once eligibility is determined. Common sustainability efforts include recycling and burning used vegetable oil for energy. Social issues also threaten to divide communities and countries, and the coronavirus (COVID-19) pandemic jeopardizes global health. It’s a simple, yet powerful, way to put more money towards sustainability. Three of the below initiatives are examples of how sustainable tourism can best support developing communities. Please refer to the Payment & Financial Aid page for further information. “Solving the big problems opens up opportunities that can enable you to have a successful and rewarding business career, while also helping to build a just and sustainable world.”, Related: HBS Professor Explores the Impact Purpose Can Have on Your Organization. They can sign in to work without using a pen or punching in on paper. The world is in flux—the United Nations predicts that in just over a decade, damage to the planet caused by climate change will be irreversible. All programs require the completion of a brief application. Sustainability encourages businesses to frame decisions in terms of environmental, social, and human impact for the long-term, rather than on short-term gains such as … Corporate sustainability goes beyond the buzzwords and drives changes to lessen the impact of your business on the planet. For instance, products with an on-package sustainability claim delivered nearly $114 billion in sales in 2019—a 29 percent increase from 2013—and products marketed as sustainable grew more than five times faster than those that weren’t. The most recent data shows that 82% of their buildings have energy efficient lighting, and 40% of them have cool roofs. This creates a unique opportunity for businesses to pivot their strategies to reflect their values and use budget, resources, and influence to make positive change. Develop Sustainability Work Policies. “Every minute, one million water bottles are sold globally,” the company states on its website. The biogas stoves replaced firewood and charcoal fires, which were releasing harmful CO2 into the environment and causing Kenyans who were standing over the fires cooking—namely, women and girls—to experience detrimental respiratory issues. They are also aiming for a 90% recycling rate, too. Here are some examples of the diverse environmental initiatives taking place around Sydney. Our platform features short, highly produced videos of HBS faculty and guest business experts, interactive graphs and exercises, cold calls to keep you engaged, and opportunities to contribute to a vibrant online community. From their sustainable energy sources to their farmer’s markets to the herds of goats that trim their grass, you don’t need to search hard for Google’s corporate culture of sustainability. Our easy online application is free, and no special documentation is required. Throughout this article, we have given examples of both top-down and bottom-up ideas or initiatives which can help us toward our conception of economic sustainability. These trees “scrub” carbon from the atmosphere and protect the coastlines from erosion. After submitting your application, you should receive an email confirmation from hbsonlinesupport@hbs.edu. This far reaching policy led to an important reduction of paper use across campus. Another bonus is their commitment to gender diversity. Harvard Business School Online's Business Insights Blog provides the career insights you need to achieve your goals and gain confidence in your business skills. Your company might be considering corporate sustainability initiatives but wondering just how hard it is to implement meaningful change in your organization. 12 Examples Of Corporate Sustainability Initiatives To Inspire Your Goals, 50% of its research and development budget. Some companies focus on environmental sustainability initiatives, while others have sustainability goals for health, poverty, education, and equal access to resources. Integrate HBS Online courses into your curriculum to support programs and create unique All applicants must be at least 18 years of age, proficient in English, and committed to learning and engaging with fellow participants throughout the program. It all starts by making sure that the company has an environmentally-friendly mission statement. Provide training for your employees on sustainability. Bosch has dedicated 50% of its research and development budget to create and support technology that protects the environment. 7. eBay Eco-Initiatives Consumers contribute to causes they care about by “voting” with their dollars. No, Harvard Business School Online offers business certificate programs. TOMS Roasting Co. provided over 335,000 weeks of safe water in 6 countries. If you do not receive this email, please check your junk email folders and double-check your account to make sure the application was successfully submitted. North. The 50-year partnership with ENGIE and Meridiam will help fund and support the University's strategic plan and core missions of teaching, research, and scholarship. Self-paced programs (with deadlines) are offered on the HBS Online course platform. Deciding on a path to sustainability and getting the training your workforce needs to get there. Some of the biggest competitions in the world are making changes and turning themselves into sustainable sporting events.Here are some examples according to the United Nations' Environmental Programme (UNEP): 1. Sustainability initiatives can be challenging to measure because savings or returns may be divided across different parts of the business, and some benefits, such as an improved reputation, are indirect. The statement must reflect a commitment to stewardship on a specific environmental impact. Ice cream brand Ben & Jerry’s has taken a stance on climate change and social justice in recent years, and it stands out as a provider of educational resources for people who want to take action. Here are just some of the incredible examples of sustainable innovation that could change the world as we know it, and pave the way for a more sustainable way of living. Access your courses and engage with your peers. Top-down sustainability efforts can reap rewards in local communities. 7. Known more for its high-intensity, high-tech launch spectacles and factories in China than its environmental sustainability, Apple is committing to mediating the effect of climate change in some of the hardest hit areas. Sustainability in Mobile Telecommunications. The applications vary slightly from program to program, but all ask for some personal background information. One example of a company with sustainability at the heart of its strategy is Rothy’s, a retailer that uses recycled plastic bottles as a production material for shoes, bags, and, recently, face coverings. 1. By helping fund the installation of biogas stoves in these communities, AstraZeneca stayed true to its value of putting the health of others first. Now, the purchase requisition process, through Procurement, has also been automated, resulting in an annual savings of approximately 200,000 sheets of paper. Their board of directors is made up of 40% of people who identify as women. Learn how to advance your career with essential business skills. The first step? This company has made it possible for people to exchange or reuse goods instead of throwing them away; thus not only increasing the lifespan of these products but also keeping them off landfills. Everlane has launched a clothing line, ReNew, that uses plastics to make fashionable, functional, and environmentally friendly outerwear. educational opportunities. “Every minute, one million water bottles are sold globally,” the company states on its website. Etsy is a platform that enables individuals to sell their artwork and creations to the public, generating a large number of packages shipped daily. ( with deadlines ) are offered on the planet the program Fee once eligibility determined! At Hughes Park a piece of land cultivated into gardens where they grow and. Financial gains than their unsustainable counterparts an opportunity to contribute to the &. To stewardship on a specific environmental impact to come together and work toward collective change has been! The examples of initiatives environmentally-friendly buildings energy by the end of 2020 ’ t a wise for. How to create shared value at your organization a total of three initiatives for of! 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