Our stakeholders have unique and evolving expectations. We proactively engage with them to learn their expectations of us, and then incorporate what we learn into our business plans and actions. We work with industry associations, participate in multi-sector forums, and meet with socially responsible investors to gain diverse and valuable perspectives as we continuously improve our sustainable development programs and initiatives. In communities where we operate, we identify stakeholders and work with them to understand their interests, concerns and culture.
Share via Email Ceres highlighted 18 US corporations as best in class for their sustainability efforts. In a new report, Ceres, a non-profit focused on sustainable business, lambasted the lack of progress across American corporations in general — but also highlighted some companies that deserve praise.
Critics would rightly say that there is not a single major corporation that is doing enough to adequately confront issues such as climate change and resource scarcity. But Ceres says a small but growing number of companies rank in the "top tiers" of performance across multiple disciplines, ranging from supply chain management to carbon emissions reductions.
Its latest research shows that "companies with strong accountability systems - board oversight, clear policies on human rights and environmental management, active stakeholder engagement and disclosure - in many cases also have strong results on greenhouse gas emissions, use of renewable energy, strong work with suppliers, as well as driving sustainability into product and services".
In order to encourage other businesses to take action, Ceres has shined the spotlight on the following companies: Alcoa A fifth of executive cash compensation is tied to safety, diversity and environmental stewardship, which includes greenhouse gas emission GHG reductions and energy efficiency.
PepsiCo The food and beverage company presents its sustainability strategy and goals during its annual shareholder meeting and identifies and discloses climate change, water scarcity and public health issues as core sustainability challenges in its annual financial filings.
General Electric GE is using its human resource department to integrate sustainability into the company's culture, ranging from hiring practices and training to employee wellbeing programs. Ford Motor Company The car company has established requirements for first-tier suppliers to drive its environmental and social expectations further down the supply chain and works with suppliers to establish GHG emission reduction and energy efficiency targets.
Nike The sports-gear multinational integrates sustainable design across its product portfolio and created the Making app inallowing the data in its materials sustainability index to be public. This lets designers from across the industry and beyond make more sustainable design decisions, and ultimately, lower-impact products.
Xylem The global water technology provider has both a sustainability steering committee and an enterprise risk committee.
It identifies senior executives who are held accountable for sustainability performance. Exelon The energy producer has introduced an innovative long-term performance share scheme that rewards executives for meeting non-financial performance goals, including safety targets, GHG emissions reduction targets and goals engaging stakeholders to help shape the company's public policy positions.
Brown-Forman The major distributor of wine and spirits uses ingredients that are both climate sensitive and water intensive. In its K filings with the Securities and Exchange Commission, it demonstrates that it sees sustainability as a way to build consumer relationships and enduring brands.
It cites climate change, water scarcity and water quality as significant business risks. Greenhouse gas emission reductions: It is using renewable energy technologies, including hydrogen fuel cells and solar arrays, and is also focused on reducing energy needs by improving the cooling efficiency of its data centers and "virtualising" many of its systems, platforms and devices.
It applies these principles not just in its overseas operations and supply chain, but also to all its workplaces.
General Mills The foods company recently released a set of sustainable sourcing commitments that begins with a robust risk assessment process undertaken in partnership with a third party. This approach led the company to prioritise ten commodities, including oats, wheat and corn, that they plan to source sustainably.
Walmart The retail giant is committed to doubling its truck fleet efficiency in the US by To achieve this goal, it is replacing nearly two-thirds of its fleet with more fuel-efficient trucks, including hybrids.
The company is also collaborating with truck and component manufacturers to build energy-efficient prototype tractors. Dell The computer company's integrates alternative, recycled and recyclable materials in its product and packaging design, improvements in energy efficiency, and design for end-of-life and recyclability.
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