SOURCE: General Electric (GE)
While most large companies fall short of sustainability leadership, 10 including Ford, GE and Panasonic present best practices for other businesses to emulate, according to sustainability advisor Two Tomorrows.
Less than a third of the largest companies scored over 70 percent, the threshold for “sustainability leadership” in the 2012 Tomorrow’s Value Research (TVR), the firm’s annual assessment of corporate sustainability practices.
Other best practices come from Citibank, HSBC, Hyundai Engineering, Repsol, Stockland, Swiss RE and Westpac Bank.
TVR says Ford and Panasonic set targets for categories including climate change and environment, water and supply chain. The goals are measurable — such as Ford measuring facility carbon emissions or number of seats containing soy foam — and have timelines.
GE’s Ecomagination program measurably improves the company’s environmental performance, TVR says. In 2010, the company introduced 22 new Ecomagination products.
KEYWORDS: Environment, People, Social Action & Community Engagement, tvr, tomorrow's value research, Environmental Leader, GE, Two Tomorrows, Sustainability Rating, Ecomagination