2. 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. The recently announced cooperation between SAS and Airbus to develop electric aircraft is an example of a larger long-term partnership. 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 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. This commitment means that 60% of their revenue is considered “clean.”. 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. The company is going even further by partnering with the U.S. 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. Banco de Brasil is the most environmentally sustainable bank in the world. It’s a simple, yet powerful, way to put more money towards sustainability. LEGO. By investing in typically high-risk sectors, such as early-stage clean energy companies, Bank of America has effectively de-risked sustainable investments. Here are some examples of the diverse environmental initiatives taking place around Sydney. 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. 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. Regardless of your company’s goals, here are 12 examples of corporate sustainability initiatives from 2020 to get you started. Please refer to the Payment & Financial Aid page for further information. 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. Sustainability Initiatives; Examples of Initiatives; Examples of Initiatives Environmentally-friendly buildings. Rothy’s. Wal-Mart Stores, Inc. (), McDonald’s Corporation and many of the true corporate giants have named sustainability as … Top-down sustainability efforts can reap rewards in local communities. This is just the first step in their commitment to completely erase plastic from their supply chain by 2021. 3 Examples of Sustainable Tourism Initiatives. Integrate HBS Online courses into your curriculum to support programs and create unique Here are five examples of businesses with successful sustainability initiatives to inspire your organization’s strategy. Updates to your application and enrollment status will be shown on your Dashboard. Another bonus is their commitment to gender diversity. 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. 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 … Now, the purchase requisition process, through Procurement, has also been automated, resulting in an annual savings of approximately 200,000 sheets of paper. 1. You may not recognize the name, but Chr. 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. Corporate sustainability goes beyond the buzzwords and drives changes to lessen the impact of your business on the planet. With more than 460,000 employees, China Mobile Limited is the largest mobile telecommunications company in the world. Are you interested in making a difference as a purpose-driven leader? 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. Three of the below initiatives are examples of how sustainable tourism can best support developing communities. A total of three initiatives for prevention of adolescent pregancy and three initiatives for prevention of adolescent substance abuse in Kansas were studied. 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. 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. “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. Apple also runs on 100% green energy at its production facilities, relying on wind and solar power instead of fossil fuels. 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. Looking to integrate more sustainability into your media? We accept payments via credit card, Western Union, and (when available) bank loan. 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. Visit our Read, Listen, and Watch List for handpicked recommendations. After all, they pioneered the idea of reusing goods instead of throwing things out to buy something new. Learn More. 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. Sustainability initiatives are changes to business practices that a company adopts to decrease its negative impact on the environment. 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. 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. 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. Their focus is on sustainable buildings and developments that are environmentally sound. Develop Sustainability Work Policies. 7. eBay Eco-Initiatives Corporate sustainability has become a buzzword in companies big and small. 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. Related: Why Is Strategic Planning Important? They are also aiming for a 90% recycling rate, too. North. 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 … 1. 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. “If it’s melted, it’s ruined,” reads a statement on the company's website. expand leadership capabilities. 76 Discuss Examples of Major Sustainability Initiatives . This includes supporting the work of universities and other research programs focused on sustainability. By making sustainable efforts part of your company mission, you are making a commitment to sustainability becoming an integral part of your bottom line. “It’s true for ice cream, and it’s true for the planet.”. Its line of sustainable products is made using environmentally preferred materials like recycled polyester. “And because climate change is a risk to people in our supply chain, it’s also a risk to our business.”. 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. Some companies focus on environmental sustainability initiatives, while others have sustainability goals for health, poverty, education, and equal access to resources. Harvard Business School Professor Rebecca Henderson seeks to debunk the myth that sustainability isn’t a wise investment for organizations. Less gas is spent for store trips and transportation from different countries and fields. educational opportunities. Sustainability in Mobile Telecommunications. After submitting your application, you should receive an email confirmation from hbsonlinesupport@hbs.edu. No, Harvard Business School Online offers business certificate programs. Everlane has launched a clothing line, ReNew, that uses plastics to make fashionable, functional, and environmentally friendly outerwear. Take inspiration from the examples of corporate sustainability initiatives discussed above. Deciding on a path to sustainability and getting the training your workforce needs to get there. 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. Sustainable Initiatives The University of Iowa officially transferred management of its utility system to ENGIE North America on March 11, 2020. The applications vary slightly from program to program, but all ask for some personal background information. Learn about events on campus, tips & tricks to be more sustainable, and other sustainability related concepts. “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. 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. 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. Google’s focus on “greening” their supply chain is just one of the ways they are working to improve their sustainability efforts. #5 Sustainability through urban farming. 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. To only use plastic packaging that is reusable, recyclable, or compostable by 2025. “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. At EdgePoint Learning, we can help you turn your inspiration to do good into effective, efficient, and engaging training around your corporate sustainability initiatives. 8. In all cases, net Program Fees must be paid in full (in US Dollars) to complete registration. 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. “Which is why we knit our styles to shape with recycled materials like plastic water bottles.”. 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. This far reaching policy led to an important reduction of paper use across campus. Get in touch today to learn how EdgePoint can help with your next project. Master real-world business skills with our immersive platform and engaged community. 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. These days, pharmaceutical companies are working hard to clean up their image, but GlaxoSmithKline is also working hard to keep the environment clean. 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. Procurement Services have played an important role in the implementation of the University’s Paper Use Policy (2005). By helping fund the installation of biogas stoves in these communities, AstraZeneca stayed true to its value of putting the health of others first. 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. Less money is also spent at the store. Keep up with current news. Learn how to advance your career with essential business skills. Social issues also threaten to divide communities and countries, and the coronavirus (COVID-19) pandemic jeopardizes global health. Volvo Ocean Race: one of the yachts taking part in this round-the-world regatta — the Turn the Tide on Plastic … 8. Lane Cove Council in Sydney’s North supports many initiatives aimed at protecting our natural environment by promoting ecological, economic and social sustainability. Postal Service to provide green shipping options and also offering local places to sell goods to further reduce the environmental cost of shipping. 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.”. 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