Cargill, Hershey’s, Mars Target Cocoa Supply Chain Sustainability

Read the full story in Environmental Leader.

Cargill, Hershey’s, Mars, Mondelez International, and Nestlé are among the latest multi-nationals to target sustainable supply chain initiatives. These companies, along with seven other major cocoa and chocolate companies, have committed to work with each other, alongside governments and NGOs, to end deforestation and forest degradation in the global cocoa supply chain. They will initially focus on Côte d’Ivoire and Ghana, the world’s leading producers of cocoa.

Deforestation represents a significant risk to these companies: as much as $906 billion total annual turnover could be at risk because of deforestation, according to a CDP study based on data disclosed by 187 companies last year.

7 Trends That Will Drive Corporate Sustainability in 2017

Read the full story from Triple Pundit.

Corporate demand for clean energy is one of seven corporate trends propelling the US toward a sustainable future, writes Amy Augustine, director of the corporate program at Ceres. Renewables, which provide companies with low-cost electricity while also helping them meet their sustainability goals, among other trends, will continue to help the US move toward sustainability regardless of the current political climate.

Corporate Sustainability Efforts Yield Millions in Increased Sales, Cost Savings

Read the full story in Environmental Leader.

Corporate spending on sustainability and circular economy initiatives is on the rise — and yielding increased sales and cost savings, according to consulting firm Pure Strategies, which says its latest survey found more than 80 percent of companies expect a sustainability budget increase from 2016 to 2017 with a third anticipating double-digit growth.

What Do EPA Changes Mean for Businesses?

Read the full story in Environmental Leader.

Businesses may be the biggest losers when it comes to major changes at the EPA.

Massive budget cuts and regulatory rollbacks might not be a boon to businesses, according to an Environmental Defense Fund blog. The blog cites agency programs that help corporations respond to climate change — and thus improve their future planning and reduce risks and costs.

3 Tips for Making Social Responsibility a Priority at Your Startup

Read the full story in Entrepreneur.

The concept of a triple bottom line — people, planet and profit — isn’t new. I personally ran a nonprofit that focused on redefining the role of business as a social partner and was founded as long ago as the early 1980s.

In recent years, the triple bottom line has become even more popular, as businesses realize the power of making people feel good. People buy stuff because they like it, but if doing so means they’re also giving a pair of shoes to someone who needs them or planting a tree where one’s needed, the purchase pushes their feel-good button. And the sense of altruism that results keeps them coming back for more.

If that sounds cynical, I don’t mean it to. Tapping the altruism button may trigger consumer behavior, but it also allows businesses with positive intent to thrive. Learning to seek profits in an ethical manner will not only help your bank account, but help the world at large.

There are, however, a few keys to doing it right.

 

Sustainable Innovation: What’s Good for the World Can Be Good for Business

Read the full story at Spend Matters.

It is the responsibility of science- and technology-based companies to work with customers and partners around the world to not only help solve their product challenges, but their environmental ones as well. When working environments are positively changed, it encourages ambition and innovation and results in increased certainty, reliability and new revenue streams from additional product lines.

Corporate Procurement Officers Say Sustainability Now Key Criteria For Purchases

Read the full story at Ecosystem Marketplace.

More and more companies are incorporating sustainability criteria into their procurement activities, according to new research released February 7.

The 2017 Sustainable Procurement Barometer, published jointly by Paris-based sustainability consultancy EcoVadis, and the Hautes études commerciales de Paris (HEC Paris) business school, is the first Barometer report since 2013, and it shows a sharp increase in sustainability awareness. The findings echo those of the Forest Trends Supply Change project, which shows steadily increasing corporate action to halt deforestation.