Sustainability At The Chemical Industry Start Writing Sustainability

Although there is no formal definition for the term, individuals have tried to define sustainability according to their function or area of study. The term “sustainability,” once an obscure ecological concept, has now been adopted by many in the business world to connote the principles of social and environmental responsibility (Joseph Fiksel, Jonathan Low and Jim Thomas). Further, sustainability can be seen through the eyes of business as a way to create value. More likely than not, the term sustainability can be linked to the ability of decreasing costs, wastes and inefficiencies. According to the vice president of General Electric,

This report examines the new world of sustainability reporting, and the complex web of stakeholders. It focuses particularly on the demands for new kinds of transparency which serve the interests of the environment and society.

Many firms are learning that being environmentally friendly and sustainable has numerous benefits. (O.C Ferrell, Fraedrich, Ferrell, 2015). This could enable them to increase goodwill from various stakeholders and also save money in the long term. This will mean that they are being more efficient and less wasteful of resources, which will enable them to be more competitive by satisfying stakeholders. The CEO of

The purpose of this paper is to compare the sustainability practices of two companies in the same industry. The two companies chosen for comparison are The Hershey Company and Coca-Cola Enterprises, both of which are in the consumer staples industry. These two corporations are ranked sixth and eighth, respectively, on the Newsweek Top Green Companies in the U.S 2015. They have taken pride in creating sustainable product designs, having environmentally sustainable processes and supply chain management.

This research paper was written with the purpose of providing some answers as to why sustainability reporting in the United States should be mandated by regulators. The paper briefly describes the GRI standards and guidelines, the benefits of sustainability reporting, some relative advantages limitations in adopting sustainability reporting, as well as provides a few examples of companies that have successfully adopted

In today’s business world, sustainability can make all the difference in the world. According to Tomson (2015), “sustainability has become an economic and strategic imperative with the potential to create opportunities and risks for businesses by creating new customer relationships, and inspiring new products and business models that drive growth. Consequently, companies that are, or aspire to be, leaders in sustainability are often challenged by rising public expectations, increasing technological innovation, continuous quality improvement, effective governance measures, high standards of ethics and integrity, and heightened social and environmental challenges” (p.1).

This business report evaluates how well the Australian mining company Glencore discharged their accountability to their stakeholders against the seven GRI G4 social, economic and environmental aspects and indicators for 2015, and assesses how well Glencore met the GRI G4 principles for defining report content and quality. This report then makes recommendations to Glencore regarding their accountability for their performance in their 2015 Sustainability Report.

Sustainability is more than corporate social responsibility. It is a challenge to companies, how they grow and make more profit without harming the environment, society and efficiencies of the employees.

Contemporary society’s overarching importance regarding global sustainability in the workplace is increasing in significance. Sustainability is emphasized amid global corporation Lend Lease, whom consider the environmental, social, ethical and financial impacts of every decision made. As the leading property and infrastructure group, the aim of this report concerns Lend Leases commitment to making a Global Compact and incorporating UNGC principles as part of their culture, strategy and day-to-day operations and engage in collaborative projects that advance the broader development goals of the United Nations. Thus, recently as part of becoming a signatory to the UNGC, Lend Lease is required to prepare an annual ‘Communication on Progress’. This report aims to address the appropriate structure for the progress report as well as integrating pertinent content discussed in international business, ranging from competing theories as well as counter viewpoints and CSR adoption. Furthermore, communicating the progress report is deemed imperative, thus the internal communication fragment will discuss its implementation to ensure Lend Leases success in sustainability within the organization, and how to externally communicate the UNGC to outside audiences to create brand image and identity. Lastly, a comprehensive analysis regarding alternative solutions, and a particular recommendation are devised in this report.

The trend is now in favour of environmental management and support for climate change control. The industry practice will vary in degree of environmental impact, and the implications as such will affect the material disclosure of each company’s report, tailored to each sector. Investors are looking for three things: track record of incidents (penalties for non-compliance, environmental provisions, licensing issues, accredited ISO 14001 standards), policies and reforms, and solid data on (any) waste productivity, consumption levels of energy & resources, or CO2 emissions (FSC 2015).

The KPMG International Survey provides data that indicates that sustainability reporting is going mainstream, found that among the world’s largest 250 companies, the CSR reporting rate is more or less stable at 93% (KPMG, 2013). Companies must rise to the demands for disclosure and transparency by publishing sustainability reports, but sometimes the report alone is not enough to satisfy stakeholders and that is why many companies also attach an assurance statement. Assurance statements are issued by a third-party, such as Ernst & Young or KPMG, which validates, gives creditability and reliability of the information provided in the company’s reports with regards to their sustainability practices to external stakeholders. The practice of an assurance statement in sustainability reports serves as a communication mechanism as it arguably enhances the clarity and reliability of these statements (Deegan, Cooper and Shelly, 2006).

Financial reporting alone does not take into consideration the social, economic, and environmental responsibilities of a business. On the other hand, financial reporting along with sustainability reporting interconnects these responsibilities, and offers more comprehensive information about the financial and human impact on society. Sustainability reporting discloses other relevant information about a company that financial reporting lacks. Currently, laws and regulations are not designed with policies and procedures to accommodate sustainability reporting. In order for companies to mitigate their risks and environmental impact, as well as provide reliable reports, a mandatory sustainability report is

Samsung and Apple are the world 's largest information technology company by revenue, the world 's largest technology companies by total assets, and the world 's largest mobile phone manufacturer, by volume. These two companies have designed their latest innovated cell phone: the Apple iPhone 7 and the Samsung 7s. Let’s compare: Samsung

With the vision statement they possess, Cisco Systems is attempting to meet and satisfy the needs of the market. The values of Cisco Systems are to change the world and focus on the customer; while establishing innovation and maintain respect for each other, Cisco Systems strives to always do the right thing. (CSR Report 2014 5)The Cisco approach to Corporate Social Responsibility (CSR) is to benefit the world with technology and partners while being socially and environmentally responsible.

Research reports and annual reports from auxiliary sources have been thought seriously about while gathering information. The systems utilized amid the information investigation phase of the research task included enlightening insights, for example, mean, standard deviation and extent, recurrence appropriations and rates, Michael Blanding in 2011 spoke to certain disturbing actualities on CSR and corporate sustainability responsibility execution. He said that organizations are currently uncovering their report on CSR about environmental foot shaped impression, business rehearses and so forth like never before out of the pressure made by partners like shoppers, financial specialists and common society. That is the reason as per Harvard Business School it is currently getting to be compulsory in making ESG (Environmental, Social and Governance) straightforward. As indicated by Yale 's EPI (Environmental Performance Index) in 2012 positioned India to 125th position among the 132 nations and that too in the last classification called the "Weakest Performers". To bolster the certainty it must be said that a study directed by Lancet in 2010 observed India to be the world 's fifth most astounding executioner regarding outside air pollution. There is an alternate picture that has been attracted because of a research called "Greendex" that has been led by National Geographic collaborating with GlobeScan, which is fourth year, to gauge and screen purchaser progress towards