BASF Collaboration to Develop Closed-Loop Process for Recycling EV Batteries, Rethinking Vinyl Today to Optimize for Tomorrow, Trending: BASF, Coca-Cola, EC Break New Ground on Plastics Recycling, Is Black Friday Dying? The project was strongly supported by an engaged CEO who was committed to ‘doing it right’. Our GHG assessment allowed the client to track its emissions annually, and share these publically. Six Word Lessons to Build a Sustainable Legacy, Five Traits of Firms that Create a Sustainability ROI, How Saas Startups Are Reshaping Social Equality in Tech, Ahead of Black Friday, Brands Join Fight Against Paper Packaging Problem, Combatting Food Insecurity Takes More Than a Village. The client was interested particularly in understanding the potential cost to its operations and supply chain so it could develop a sustainability strategy and an investment programme for its stores. Have Sustainable Brands delivered right to your inbox. Director, Global Sustainability, PwC United Kingdom. Machines don’t run companies or processes, people do; sustainability maximizes human talent by harnessing attention towards optimization and process excellence. We'll assume you're ok with this, but you can opt-out if you wish. The benefits to the client About a 6 minute read. Currently, sustainability is a lot like beauty — its definition lies in the eyes of the beholder. There are five phases and seven processes inherent to sustainability: Published Oct 5, 2013 9pm EDT / 6pm PDT / 2am BST / 3am CEST. We also mapped out developments affecting its products (such as carbon labelling) and its supply chain (such as sustainable palm oil). The company also committed to a stakeholder management programme, where it provided key CR performance indicators and quarterly updates to the Board in its CR report. Fill out the requested information below, and we'll get back to you shortly. The three strategic focus areas that drive our sustainability management are financial education, socio-environmental risks and opportunities, and dialogue and transparency. It is a human-driven process. The goal of zero harm by definition leads to strategies that must comply with legal and ethical standards. A leading public transportation provider in Luxembourg wanted to maintain its leadership position in the market through communicating its CSR strategy. We'd love to hear from you. Sustainability is the conscious and proactive use of methods that do not harm people, planet or profit while also leaving a positive impact. Our team then developed and implemented both an emissions follow-up tool, and a tool to assess the emissions generated by the client’s operations. This involved helping it develop a framework to understand available data so it could analyse the cost impacts and assess confidence in the output produced. The Client was the first in the domestic market to adopt the Bilan Carbone® methodology. Our approach This would be driven by Malaysian requirements under the regulator's CR dimensions – community, environment, workplace and marketplace. Its new sustainability initiatives were well coordinated so that it improved the impact of the company’s CR investments. Sustainability covers all three time frames: rectifying past mistakes; reducing or eliminating current problems; building legacies for future generations. The client’s challenge a potential increase in total environmental operating costs around 30% by 2020. The client developed its first standalone CR report which included its CR framework and long-term roadmap for reporting. While also committing to a stakeholder management programme, the company also provided corporate responsibility key performance indicators and quarterly updates to the Board in its following corporate responsibility report. Published 7 years ago. We followed this up with stakeholder discussions to gather feedback on material sustainability focus areas and to get a sense of the direction the industry would move to. The resulting CR strategy we developed was supported by several strategic measures to monitor progress and success, and included the evolution of sustainability reporting for the company. Internally, it was able to measure its energy savings, and efficiency and technological improvements in terms of emissions reductions. Set preferences for tailored content suggestions across the site. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Our approach The following is an attempt to define sustainability through this lens. Sustainability is the conscious and proactive use of methods that do not harm people, planet or profit while also leaving a positive impact. Our first step was to benchmark local and international companies to identify the material focus areas for the telecommunications industry as well as local needs. This website uses cookies for analytics, advertising and to improve our site. We conducted an analysis of the results and a feasibility study of different GHG reduction strategies. This, and the fact that it demonstrated its commitment to being carbon efficient and addressing climate change, has helped differentiate it from its competition. The benefits to the client We developed a set of road maps of existing, proposed and possible legislative developments and voluntary initiatives (at EU and UK level) affecting the business. Cecilia Wandiga We also trained its people on sustainability and good reporting practices. Incremental approaches work best. The processes used to achieve sustainability must be reliable, replicable and measurable; outcomes must be confirmable, especially by outside scrutiny.