In many parts of the world, we are hitting the holiday season and the demand for everything — from kettlebells to toasters — is going through the roof. While that may be the constant, change is also in the air. Consumers want more insight into the ethics behind the product and the carbon footprint of what they buy. At the same time global supply chains face disruption from all sides, including geo-political uncertainty, supply challenges, inflation, and disruptions from extreme weather. In addition, it remains hard to truly understand and predict consumption habits and buying behaviors.
To meet this change, innovative retailers and manufacturers are bringing fresh ideas, new technology, and data analytics and AI into their supply chains. The global pandemic accelerated the investment to modernize supply chains which are now digitized at an unprecedented rate…
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MANDARIN ORIENTAL’S SUSTAINABILITY CHIEF SHARES ECO PREDICTIONS
/in NewsTorsten van Dullemen is general manager of the Mandarin Oriental Hyde Park, the group’s area vice president of operations, and became group director of sustainability in April. He said Mandarin Oriental already seeks out suppliers who offer the most sustainable options, explaining: “Not only are we promoting and helping those who actually care as much as we do about sustainability, but we’re also pushing this responsibility further down the supply chain. We’re not going to accept everything being wrapped in single-use plastic, because we are part of this process and we have an opportunity to extend our influence.”
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78% Sustainability Managers Say Their Company’s Leadership Treating Sustainability Initiatives as a Priority
/in NewsPure Storage® (NYSE: PSTG), the IT pioneer that delivers the world’s most advanced data storage technology and services, in partnership with Wakefield Research, has released a new report identifying the critical impact of IT on environmental sustainability and the challenges present in addressing the urgent and growing demands for IT to be accountable drivers of change.
The new report, “Drivers of Change: Pure Storage IT Sustainability Impact Survey 2022,” examines the opportunities for IT professionals to collaborate with enterprise sustainability directors to navigate reductions in the environmental footprint of their organizations.
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Chief Sustainability Officer and Co: Sustainability as a management job
/in NewsSomething to do with the environment – that is the answer given by quite a few young people when asked what they want to do later in life. And this topic can now also be put into practice at management level. A lot has happened since the first known appointment of Linda Fisher as Chief Sustainability Officer (CSO) at the chemical company Dupont in 2004. More than a third of German companies have introduced such a position at the upper management level.
These are the results of a study for which PwC Germany surveyed 1,640 companies in 62 countries at the beginning of the year. Around 30 percent of companies worldwide have filled the position of CSO. A further 49 percent have a “CSO light”, i.e. a position that is located below the two upper management levels or is only responsible for some of the topics, such as corporate social responsibility. Only one in five companies currently has no CSO function at all…
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Why a sustainability strategy is critical to sales in 2023
/in NewsIn many parts of the world, we are hitting the holiday season and the demand for everything — from kettlebells to toasters — is going through the roof. While that may be the constant, change is also in the air. Consumers want more insight into the ethics behind the product and the carbon footprint of what they buy. At the same time global supply chains face disruption from all sides, including geo-political uncertainty, supply challenges, inflation, and disruptions from extreme weather. In addition, it remains hard to truly understand and predict consumption habits and buying behaviors.
To meet this change, innovative retailers and manufacturers are bringing fresh ideas, new technology, and data analytics and AI into their supply chains. The global pandemic accelerated the investment to modernize supply chains which are now digitized at an unprecedented rate…
Continue reading…
Choosing Sustainability Is Easier Than You May Think
/in UncategorizedThe topic of sustainability is becoming more important for all business executives since environmental issues like climate change, pollution and resource shortages have a direct influence on populations and enterprises around the world.
According to the Stanford Social Innovation Review, “Today, more than 90% of CEOs state that sustainability is important to their company’s success.” At the same time, the increasing pressure on organizations from various stakeholders—including customers, investors and employees—for reducing environmental impact also plays a key role in buying, investment and employment decisions.
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Sustainability remains one of the most important purchasing criteria
/in Uncategorized95 percent of consumers in Germany value sustainability, but a lack of information and transparency prevent many consumers from buying sustainable products. These are the key findings of the representative Global Sustainability Study 2022 by strategy consultants Simon Kucher & Partners.
In July and August, Dynata asked more than 11,000 consumers in 19 countries worldwide (Germany: n=1,001) about their shopping behavior and their willingness to pay for sustainability, among other things…
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In 2023, the landlords will have to pay the CO2 tax
/in NewsThe CO2 tax is due when heating with oil or natural gas. So far, tenants have had to carry them alone. That should change: from January 2023, landlords will have to take on up to 95 percent. The decisive factor is how energy-efficient the building is.
The state asks its citizens to pay in so many places that it is easy to get confused or forget something. The so-called CO2 tax has been in effect since 2021…
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Sustainability: EU Parliament confirms reporting requirements for EU companies
/in NewsIn the future, large companies in the European Union will have to inform consumers about the sustainability of their activities. The EU Parliament formally confirmed a corresponding compromise between the EU states and Parliament on Thursday. Between 2024 and 2028, the rules are to come into force step by step.
According to Parliament, up to 50,000 companies would be affected. Companies would have to report on their impact on the environment, human rights and social standards, among other things…
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Trade liberalization for environmental goods would reduce CO2 emissions
/in NewsAccording to the World Trade Organization (WTO), the CO2 footprint of global trade should be reduced with the help of lower tariffs and more climate-friendly transport of goods. The liberalization of trade in sustainable energy technology and environmentally friendly products could reduce global emissions of the greenhouse gas CO2 by around 0.6 percent, the WTO calculated in this year’s world trade report, which was presented on Monday at the COP27 world climate conference in Egypt.
“Trade is one of the missing pieces of the puzzle for more ambitious and effective climate action,” said WTO chief Ngozi Okonjo-Iweala in Sharm el Sheikh…
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Self-employed in the corona crisis: the more digitized, the more confident
/in NewsThe emergency aid for the self-employed in the corona pandemic has increased confidence, especially in heavily digitized companies, that they will survive the crisis. In contrast, there are hardly any effects among the self-employed who only invested in digitalization after the pandemic began.
This shows a joint study by the German Institute for Economic Research (DIW), the ZEW Mannheim and the University of Trier.
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