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Strengthening Your Brand with Context-Based Sustainability - Mark McElroy, Deloitte
 

Strengthening Your Brand with Context-Based Sustainability - Mark McElroy, Deloitte

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Best known for its award-winning "World's Best Cheddar," Cabot launched its sustainability program in 2007 with the intention to achieve "farm-to-fork" sustainability in its operations as a way to ...

Best known for its award-winning "World's Best Cheddar," Cabot launched its sustainability program in 2007 with the intention to achieve "farm-to-fork" sustainability in its operations as a way to bolster its brand. Cabot is now one of the leading practitioners of context-based sustainability, an approach that measures and manages sustainability performance in terms of impacts on essential social and environmental resources in the world. Drawing from Cabot as a case study, this session will explain context-based sustainability and provide practical advice on both its benefits to your brand and how best to get started in your organization.

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    Strengthening Your Brand with Context-Based Sustainability - Mark McElroy, Deloitte Strengthening Your Brand with Context-Based Sustainability - Mark McElroy, Deloitte Presentation Transcript

    • Strengthening Your Brand With Context-Based Sustainability Mark McElroy Jed Davis
    • Strengthening Your Brand With Context-Based Sustainability Mark W. McElroy, Ph.D., Center for Sustainability Performance, Deloitte Consulting, LLP Jed Davis, Director of Sustainability, Cabot Creamery Cooperative
    • Presenter: Deloitte Consulting Mark W. McElroy, Ph.D. Director of Research, Center for Sustainability Performance Deloitte Consulting LLP Waltham, MA mamcelroy@deloitte.com www.deloitte.com
    • Our Agenda •  Quick introduction to context-based sustainability (McElroy) •  Case study from Cabot Creamery Cooperative in Vermont where context- based sustainability is being applied (Davis)
    • Context-Based Sustainability •  Two broad forms of sustainability management, measurement and reporting –  Context-free –  Context-based •  Context consists of background social, economic and environmental conditions in the world (e.g., water resources)
    • Terminology •  Sustainability •  Vital Capitals •  Triple Bottom Line •  Organization- not product-centric
    • Our School of Thought •  Basic principles –  Sustainability –  Vital Capitals –  Triple Bottom Line –  Organization- not product-centric •  Underlies our entire approach
    • Context Also Key •  Imagine financial reports without costs! •  Passes for best practice in non-fin’l reporting •  Reports must have context to be meaningful •  Global Reporting Initiative (GRI) actually mandates inclusion of context •  Rarely if even followed
    • Measurement Implications •  Metrics are unspecified –  Not defined by GRI –  Experimentation is the standard •  “Sustainability quotients” as a solution –  Denominators –  Numerators –  Scores expressed relative to 1.0
    • Conclusions •  Context-based approach most compelling –  Internal use –  External use •  Strengthens brand –  By appealing to customers –  By appealing to consumers –  By appealing to shareholders
    • Cabot Creamery Cooperative Context-based Sustainability in Action
    • Presenter: Cabot Creamery Jed Davis Director of Sustainability Cabot Creamery Cooperative Montpelier, VT 05602 USA Jdavis@cabotcheese.coop www.cabotcheese.coop
    • Approach •  Stakeholders •  Well-being •  Duties & Obligations •  TBL Impacts •  Metrics
    • Sustainability Statement Living within our means and ensuring the means to live.
    • Examples Stakeholder Bottom Line Duty/Obligation Consumers Social Safe Food Customers Economic Performance Community Environmental Water Use
    • Example: Safe Food •  Stakeholders = Consumers •  Bottom Line = Social
    • Example: Performance •  Stakeholders = Customers •  Bottom Line = Economic
    • Example: Water Use •  Stakeholders = Community •  Bottom Line = Environmental
    • Water Use Compared to Water Availability Calculating Cabot’s “fair share” using economic, per capita & intensity data Water Available for Nature’s Use Available Renewable Water Water Resources Available for Human Use Water Available for Business Use