Companies still struggling to quantify the impacts of sustainability

46% of companies state they’re not accurately measuring the impacts of their sustainability activities

As highlighted across our events in 2016, many CEOs and business leaders understand the benefits that being a responsible and sustainable company brings.

And this sentiment is echoed throughout our Responsible Business Trends report (74% of our near 2,500 respondents stated their CEOs see the value of sustainability). However, one of the stand-out challenges from the report is proving the value and return of sustainability with empirical justification and metrics.

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Source: Ethical Corporation

Britvic develops bottle made of wood fibre to champion sustainability goals

Britvic develops bottle made of wood fibre to champion sustainability goals

Britvic’s annual sustainability report highlights packaging innovation, alongside waste and water reduction achievements as part of the FTSE 250’s £240m supply chain investment programme

Britvic, the owner of major soft drinks brands including Robinsons squash, J20 and Fruit Shoot, and the PepsiCo bottler in the UK, has taken significant steps towards exploring wood fibre bottles as a viable packaging option for multiple sectors.

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Source: Packaging Today

Ikea nears three-fold increase in sustainable product sales

The world’s biggest furniture retailer Ikea has almost trebled the sales from its ‘sustainable life at home’ products, while also announcing a new €1bn financial framework to promote projects that fall within its People & Planet sustainability strategy.

The Ikea Group Sustainability Report for the 2016 fiscal year, released last week, revealed that sales for the group’s ‘sustainable life at home’ product line had reached €1,802m in 2016 compared with €641m in 2013, taking the company 70% of the way to its target of achieving a four-fold increase in sales by 2020.

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5 ways to boost sustainability’s value proposition for CFOs

Until very recently, most CFOs viewed sustainability as someone else’s job — a matter of compliance or philanthropy unrelated to the pressing concerns that typically keep financial executives up at night.

A growing number of prominent CFOs have adopted a sharply different view and, in so doing, are sending the following powerful message to their peers: take a closer look at sustainability, and you’ll find increasing opportunities for value creation — especially in dealing with pressures to reduce short-term business costs and strengthen your organization’s foundation for long-term growth.

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Sydney Airport has released its first Sustainability Report, making it the first Australian airport to commit to annual sustainability reporting in line with the Global Reporting Initiative’s G4 guidelines.

“Sydney Airport is committed to operating sustainably as well as efficiently, including assessing the impact of our business and making improvements where required,” says managing director and CEO, Kerrie Mather.

“With 38.5 million passengers a year, we’re focused on responsibly managing the airport to support this growth while also enhancing the passenger experience.

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Source: Airport World

Industry benefits from CSR and sustainability reporting

The values of corporate social responsibility (CSR) and sustainability are becoming ingrained in how companies operate, even when they are not actively pursued. Leading manufacturers and utilities are not only embracing these concepts, but publicly sharing their successes, failures, and goals in annual sustainability reports.

Managing CSR processes and benchmarking sustainability data allows companies to document their stewardship and performance progress, improve operational efficiency and profitability, and comply with voluntary guidance standards such as ISO 26000 and the Global Reporting Initiative (GRI) framework. Advancements in analytics and the Internet of Things (IoT) are improving reporting ease and opportunities.

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Source: Plant Services