Watson 1 Nathan Watson
Professor Eric Wright
English 1010
9 October 2015
The Environment Pays Back
Obviously, today’s world is on a steady decline. Countries are not able to keep up with their growing populations. Natural resources are being used up at a rate unsustainable for future generations. The ozone layer is continuously deteriorating as the rate of carbon dioxide emissions rises. Environmental groups and human rights activists alike fight for change in these trends every day, urging companies and people to ration the supplies they use up. So, who can turn this doomed world around? According to Chris McKnett, Vice President of State Street Global Advisors, they are institutional investors. Institutional investors have the money
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Environmental issues involve the efficient use of resources, social issues involve human capital, and governance issues involve board and investors’ oversight of companies (“What is ESG?”). Basically, ESG makes sure companies are working in the best interests of the people by disclosing needed information and minimizing human and environmental problems. Institutional investors pay attention to companies employing these good measures because they do not want to sacrifice opportunity costs and have to do the dirty work at the same time. State Street Global Advisors is a great example of a company effectively using ESG without making any sacrifices or tradeoffs. The company, which Chris McKnett sits as Vice President, worked to integrate ESG into their company to cut overhead costs, but in the long run completed much more. As McKnett explains in his TED Talk Video, “The Investment Logic for Sustainability”:
In 2012, State Street migrated fifty-four applications to the cloud environment and we retired another eighty-five. We virtualized our operating system environments, and we completed numerous automation projects. Now these initiatives create a more mobile workplace and reduce our real estate footprint . . . (McKnett 4:20).
In an uncomplicated manner, State Street Global Advisors utilized ESG in their company by creating more available space and making a profit at the same time. Sustainable investors easily limit future risk
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
Effective governance and sustainability are increasingly important considerations for governments, organizations, business leaders, investors, consumers and many other stakeholders throughout the world. Good corporate governance and complexity of sustainable development demands for global cooperation, based mainly on joint co-ordination of strategies and adopting of the best decisions.
“We looked across all categories and found that Microsoft best fit our needs”, says Brenna Berman Chief Information Officer for the City of Chicago . (2015) One of the biggest benefits to the city in moving its operations to the cloud was the reduction of managed infrastructure. The primary focus of the move was email services; however, Office applications and collaboration systems were also a huge benefit as well. The management of IT infrastructure is expensive and can remain a moving target from a maintenance and security
The Dow Chemical Company has been around since 1950 and currently boasts approximately 53,000 employees. They, like Monsanto, are proudly committed to sustainability by “going beyond our current capabilities and the reach of our products and solutions” and they pursue game-changing collaborations to advance social and environmental progress (Dow.com.) Their goal to boost agricultural productivity while preserving the environment sounds perfectly responsible but it is what they are not telling an unsuspecting public about their solutions that may be a problem in the long-run (Dow.com.)
Several features of the firm, which have been fundamental to the company’s financial strength, are also instrumental in the company’s sustainability performance. Among
is suitable for income and dividend investors due to the fact it provides the opportunity for both income production and capital gains over the long term. Furthermore, GE’s forward thinking programs will annihilate
The business case for sustainability is to try and prove that while decreasing a company’s environmental impact, they are in turn increasing their social impact, as well as their profits. The goal of the business case for sustainability is to enhance profits, comply with regulations, avoid future litigation, reduce resource use, reduce the waste stream, reduce energy use, increase customer satisfaction, increase employee satisfaction, and the good will of the community. In the past, destroying and polluting may have been good for business and the profit bottom line. But today, businesses that are “going green,” can save producers money and also be popular with consumers. With the growing demand for 'green ' products, major new markets have been created in which eco-entrepreneurs are reaping the benefits. Companies known for proactive policies that support environmental regulations are often positively recognized by customers, employees, regulators, the media and others. Because of their
Nearly 50 separate studies from the Economist Intelligence Unit, Goldman Sachs, AT Kearney, Deloitte, MIT Sloan, Harvard and others show that companies that commit to environmentally responsible goals, particularly
Case studies provide a powerful tool for exploring and communicating how decisions are made by organizations and what outcomes have been achieved. However, due to limitations in time and resources available, this Study is not an all-encompassing, comprehensive study. This Study is also not an audit. Our aim is to provide a ‘ snapshot’ of EG’s attempts to makes its operations more sustainable. The Study therefore focuses on the specific situations and scenarios initiated and implemented by EG that represent sustainable development. By presenting a snapshot, we hope to assist the company in identifying areas it may need to focus on to further integrate sustainability measures into its day-to-day management processes in the future. We also hope that the methodology developed as part of this Study, which is relatively simple and low-cost, can easily be used by many organizations to help them become familiar with what sustainable development means in practice. This approach may be a useful first step for organizations to identify and measure their sustainability before embarking on lengthy and expensive professional assessments and audits.
According to business dictionary, environmental sustainability is the maintenance of the factors and practices that contribute to the quality of environment on a long-term basis. (Business Dictionary) Any corporate has social responsibility to assess and take responsibility for the company's effects on the environment and impact on social welfare indefinitely. (professor Stenzel’s article) However chemical companies’ sustainability efforts and involvement are critical. it was fascinating to see the biggest chemical company in the world, BASF involves and cares on sustainability. it has a potential sustainability program toward the environment and has potential to spread sustainability awareness among its reliable partners. As the biggest chemical company in the world, my classmate Ian Beason and I wanted to know how BASF pursue its sustainability effort and we interviewed James Peterson, BASF Marketing Manager. James Peterson has been working with BASF for 17 years. BASF measures its sustainability success by enhancing sustainability along the value chain, Quintuple Bottom Line, corporate social responsibility and community outreach and cooperating with government regulation.
Communicating sustainability efforts may signal general firm quality and help lower the firm’s cost of equity, particularly in competitive markets.
It is very key City of Pittsburg’s CIO to look at these specific challenges so the migration can be smooth, seamless and accepted by the employees in the agency. The migration into the cloud service was an option they took and being a Government agency, using a Cloud service provider that will host the City’s
I 'm Vincent DoVale: a permaculture enthusiast on the road to becoming a practicing professional. I earned my Permaculture Design Certificate in June 2015 through Oregon State University and am now a certified apprentice permaculture designer. For almost two years I have been independently studying, informing others, and searching for the guidance on how to make a livelihood creating places where humans, plants, and animals can live together harmoniously.That is when I found the Permaculture Skills Center in Sebastopol,CA.
– Start an activity on Earth Day so that others in your community can become involved in saving the environment.
The environment as we know it, isn't as green and luscious as it should be. There are steel monsters that block out the sun, huffing out dangerous smoke, and leaking out poisonous chemicals into rivers and streams, vehicles pumping out harmful fumes, people disposing of waste in a way that isn't safe/right and all other kinds of sources that ruin the planet. With the current environmental issues that plague the environment and planet, people need to do what they can to help save the Earth.