Sustainability

Caesars-1000

How Caesars Entertainment Is Betting on Sustainability

Caesars Entertainment uses a scorecard to guide managers in its sustainability efforts. Developing the right scorecard took time, but it gave corporate managers an opening for sustainability discussions. Numbers also showed that the more information hotel and casino guests had about the things the company was doing to reduce energy consumption, recycle waste and rebuild the local community, the better they felt about the company — and the more inclined they were to visit again.

ecosystem-change-1000
Free Article

Managing Risks, Creating Opportunities from Ecosystem Change

Most businesses depend on ecosystem services somewhere in their supply chain. Most don’t fully recognize the risk that environmental degradation poses to business. However, the Corporate Ecosystem Services Review 2.0 tool offers a 5-step process that helps managers develop strategies to deal with the risks — and opportunities — that develop from ecosystem changes.

Andy C Wales

A New Mix: More Sustainable Beer from Better Water Practices

It’s only natural that a beer company would be concerned about water. It takes five liters of water, on average, to manufacture one liter of beer. When SABMiller mapped its water footprint and found that it took 45 liters of water to produce one liter of its beer in the Czech Republic, and 155 liters in South Africa, the company changed its water practices to make its beer more sustainable. An interview with SABMiller’s senior vice president of sustainable development explains how they did it.

Image courtesy of Official U.S. Navy Imagery/Flickr.
Free Article

Designing for Resilience

Designing for resilience can ensure that critical systems continue to operate despite increasing threats. The focus of any organization concerned with resilience should be on whatever assures the continuity of business operations and the systems in which they’re embedded. By defining a critical system — its components, boundaries, and functions — managers can begin to use “what-if” scenarios to determine which components, or combination of components, are most vulnerable.

Robin Chase

How Next-Gen Car Sharing Will Transform Transportation

In communities where residents can join networks to share cars, people save money, emissions go down, parking spaces free up, and companies doing the coordinating make money. In this conversation with former Zipcar CEO Robin Chase she talks about her new venture, Buzzcar, another car-sharing business. The company calls this peer-to-peer car rental, and has taglines that include “Borrow the car next door” and “fewer cars, more options & the money stays in the ‘hood.’”

advertisement

Sust-webinar-2013-play-button-500

Video: Sustainability: The New Business Model Opportunities

Since 2010, MIT Sloan Management Review and The Boston Consulting Group (BCG) have been charting how organizations are responding to sustainability as a source of competitive advantage. This year we found that nearly 50 percent of companies have changed their business model because of sustainability opportunities. In this video, David Kiron, executive editor at MIT SMR, and Eugene Goh, a principal with BCG, discuss highlights of the report and specific company examples.

sust-report-2013-cover-1000
Free Article

The Innovation Bottom Line

This is the fourth annual research report jointly produced by MIT SMR and BCG on the connection between sustainability and business. This year’s report focuses on who is profiting from their sustainability practices and why. Overall, respondents reporting profit from sustainability went up by 23% to 37 percent of the total. As we explore in detail, business-model innovation is the crux of sustainability profits for a majority of companies.

Tom Falk, chairman and CEO of Kimberly-Clark

“We Learned How to Listen Better”

As Kimberly-Clark began down the path toward sustainability, it was confronted with layers of miscommunication between itself and environmental activists–not to mention a lack of real understanding among many of its customers and suppliers. Tom Falk, chairman and CEO of K-C, says that all that began to change as the company got better at listening.

Image courtesy of Greif.

The Benefits of Sustainability-Driven Innovation

Results from the fourth year of MIT SMR’s research collaboration with the Boston Consulting Group have found that managers who say sustainability has caused their organization to change its business model are also more likely to say that the organization’s sustainability activities have added to profits. Respondents to the survey who changed their business model also generated profits from their sustainability-related activities.

advertisement

Image courtesy of AT&T.

Making Data Visible So You Can Act On It

At AT&T, John Schulz, a director of sustainability operations, had to make the company’s energy and water use data visible before the company could formulate a plan to reduce those numbers. The company’s definition has now broadened and evolved to include the social perspective on sustainability.

Image courtesy of Flickr user suneko.

New Ways to Engage Employees, Suppliers and Competitors in CSR

Timberland LLC, a global boot and outdoor apparel manufacturer, goes beyond simply telling the world about its sustainability work. According to Betsy Blaisdell, the company’s senior manager of environmental stewardship, it has creative new ways to involve employees and to partner with suppliers — and competitors. In this interview, Blaisdell talks about the environment “nutrition label” it’s developed for its footwear, and its partnership with 60 plus apparel and footwear brands, retailers, suppliers and NGOs (from Adidas to Patagonia to DuPont to the World Resources Institute) to develop an environmental index called the Higg Index.

advertisement

Image courtesy of Flickr user John H Gray.
Free Article

Measuring Sustainability Is a Smart Move

Supply chain and freight transportation activities have a significant global footprint, and that footprint is only getting bigger. By 2020, over 90 million tons of freight a day is expected to move throughout the U.S., up 70 percent from 2002, according to the Environmental Defense Fund (EDF). In its 2012 report “Smart Moves,” the nonprofit published a collection of innovative strategies to reduce emissions and costs. Many companies will want to follow their “Five Rules for a Carbon-efficient Supply Chain.”

Image courtesy of Flickr user mmoosa.

Why Kraft Foods Cares About Fair Trade Chocolate

As vice president for sustainability at Kraft Foods, Chris McGrath has been pivotal at guiding the company’s sustainability efforts. With its global reach and massive market shares, the company is setting new standards on how to source through sustainable agriculture and keep packaging out of landfills.

Image courtesy of Flickr user Worldizen.
Free Article

A Hotter Climate Limits Growth

It seems pretty obvious that droughts and hot weather hurt agricultural output and growth, but MIT professor of economics Benjamin Olken asserts that even localized hot spells can significantly damage long-term economic growth in developing countries. In a recent paper published in the American Economic Journal: Macroeconomics, Olken and his colleagues found that every 1 degree Celsius increase in temperature in a poor country reduces economic growth by around 1.3 percentage points, and that higher temperatures also may reduce the rate of growth.

conant-500

How an “Abundance Mentality” and a CEO’s Fierce Resolve Kickstarted CSR at Campbell Soup

In his tenure as president and CEO of the Campbell Soup Company, Doug Conant first helped steer the company to financial stability, and then set the stage for aggressive sustainability goals. The notion of corporate social responsibility and sustainability has been part of the fabric of the Campbell Soup Company since its inception. By 2006, Conant was ready to kick it up a notch. As president and CEO (he retired last fall), Conant led the company in exploring “how we could bring what I call our DNA, our natural inclination to corporate social responsibility, to a new level.”

Showing 41-60 of 120