This is the research paper I submitted for the 2007 SAP America scholarship. Though perhaps a bit elementary, it still provides a good overview of practical measures industry can take in preparation for carbon trading.
On a personal note, thank you to SAP for the scholarship that allowed me to continue down this career path!
The document summarizes the results of Climate Counts' 5th annual company scorecard report on corporate climate leadership. Some key findings include:
- 17 of the top 20 companies scored 50 points or higher, demonstrating "striding" climate leadership.
- Unilever scored the highest of any company with 88 points due to its sustainability initiatives to reduce environmental impacts.
- Overall, companies are increasingly acknowledging climate change and adopting emission reduction measures, though more action is still needed from many corporations.
- 79 companies were considered "striding" in 2011, up from 68 in 2010, showing gradual improvement in corporate climate performance.
Snam is a European leader in natural gas infrastructure. This document discusses Snam's sustainability policies and performance in 2013. It highlights efforts made to integrate sustainability into its business model and generate shared value for stakeholders. In 2013, Snam conducted its first materiality analysis to identify priority sustainability issues and carried out 10 feasibility studies on shared value initiatives related to open data, greenways, and sharing local energies. The company remains included in various sustainability indices, confirming its commitment to ESG performance.
The M.A.G.I.C. Youth Development programme provides a fresh opportunity for young people to identify and release their true potential and achieve sustainable results and outcomes. The programme identifies soft skills that they can carry throughout their life. M.A.G.I.C. has a wide ranging positive effect on society as a whole, young people of all academic and vocational abilities and encourages citizenship within school and community environments.
Brian Ngubane is a human resources professional from Durban, South Africa seeking new opportunities. He has 15 years of experience in human resources management, labor relations, and compliance. Currently, he works as a Labor Inspector enforcing employers' compliance with bargaining agreements. Previously, he was an Area Manager overseeing 120 employees and 35 contracts. He holds a Diploma in Human Resources Management and is pursuing a BTech in the same field. He is analytical, a strong leader, and dedicated to developing teams.
The document provides guidance to businesses on reducing greenhouse gas emissions. It discusses three key drivers for reducing emissions: regulation, financial considerations, and reputation. Regarding regulation, it outlines major UK and EU policies aimed at reducing emissions, including the Climate Change Act, Carbon Reduction Commitment, and Energy Performance of Buildings Regulations. It also provides a hierarchy of actions for reducing emissions and tips for measuring and cutting emissions.
The document summarizes the results of Climate Counts' 5th annual company scorecard report on corporate climate leadership. Some key findings include:
- 17 of the top 20 companies scored 50 points or higher, demonstrating "striding" climate leadership.
- Unilever scored the highest of any company with 88 points due to its sustainability initiatives to reduce environmental impacts.
- Overall, companies are increasingly acknowledging climate change and adopting emission reduction measures, though more action is still needed from many corporations.
- 79 companies were considered "striding" in 2011, up from 68 in 2010, showing gradual improvement in corporate climate performance.
Snam is a European leader in natural gas infrastructure. This document discusses Snam's sustainability policies and performance in 2013. It highlights efforts made to integrate sustainability into its business model and generate shared value for stakeholders. In 2013, Snam conducted its first materiality analysis to identify priority sustainability issues and carried out 10 feasibility studies on shared value initiatives related to open data, greenways, and sharing local energies. The company remains included in various sustainability indices, confirming its commitment to ESG performance.
The M.A.G.I.C. Youth Development programme provides a fresh opportunity for young people to identify and release their true potential and achieve sustainable results and outcomes. The programme identifies soft skills that they can carry throughout their life. M.A.G.I.C. has a wide ranging positive effect on society as a whole, young people of all academic and vocational abilities and encourages citizenship within school and community environments.
Brian Ngubane is a human resources professional from Durban, South Africa seeking new opportunities. He has 15 years of experience in human resources management, labor relations, and compliance. Currently, he works as a Labor Inspector enforcing employers' compliance with bargaining agreements. Previously, he was an Area Manager overseeing 120 employees and 35 contracts. He holds a Diploma in Human Resources Management and is pursuing a BTech in the same field. He is analytical, a strong leader, and dedicated to developing teams.
The document provides guidance to businesses on reducing greenhouse gas emissions. It discusses three key drivers for reducing emissions: regulation, financial considerations, and reputation. Regarding regulation, it outlines major UK and EU policies aimed at reducing emissions, including the Climate Change Act, Carbon Reduction Commitment, and Energy Performance of Buildings Regulations. It also provides a hierarchy of actions for reducing emissions and tips for measuring and cutting emissions.
In this white paper published by Sustainable Brands and co-authored by Mark Stapylton of BrandPanorama with Nancy Elder, JetBlue’s VP of Communications, we discuss the importance of sustainability branding in creating shared value, competitive advantage, and long-term profitability. Without measurement to quantify the return on investment in sustainability relevance and integration are inherently limited, but there are key ROI metrics every company or organization can adopt that will prove the value of sustainability to their brand and accelerate their progress.
JetBlue whitepaper: The Matter with Metrics - Measuring the ROI of Sustainabi...Sustainable Brands
The document discusses measuring the return on investment (ROI) of sustainability initiatives. It notes that while senior executives recognize the competitive advantage of sustainability, few can accurately quantify the business value. It argues that measuring ROI, like advertising spending, is key to defending sustainability spending and ensuring its continued funding. The document provides examples of companies measuring social and environmental impacts and integrating sustainability metrics into reporting to demonstrate ROI. It emphasizes the importance of connecting a brand's purpose authentically to sustainability issues that meet strategic goals.
This document discusses the growing importance of sustainability for businesses and the role that CFOs and finance professionals can play in leading sustainability efforts. It outlines key aspects of sustainability including the environmental, social and economic impacts of business activities. The document argues that embracing sustainability can help businesses enhance competitiveness, strengthen financial performance, attract talent and gain competitive advantages. It provides an overview of sustainability reporting frameworks and standards that can help companies integrate sustainability into strategic planning and decision-making.
There is growing momentum for carbon pricing among governments and companies worldwide. Over 60 companies have now aligned with the Business Leadership Criteria on Carbon Pricing, committing to set an internal carbon price, advocate for carbon pricing policies, and report on progress. Companies are exploring carbon pricing to prepare for regulations, meet emissions targets, and respond to investor demands. While carbon pricing can be complex, companies generally take one of three approaches to internal carbon pricing: implicit pricing, shadow pricing, or internal taxes/fees. This guide provides best practices to help companies implement the criteria and leverage carbon pricing as a strategic tool.
This document discusses Amundi's engagement with companies on managing coal use in the electricity generation sector. It provides context on the energy transition away from coal and regulatory drivers like the EU's Industrial Emissions Directive. Amundi selected companies in the utilities sector with significant coal exposure to have discussions around improving their coal policies and environmental practices. The engagement considers the different constraints companies face based on their geographic footprint and regulatory environments. Amundi aims to support companies in going beyond minimum regulations and adopting best practices to reduce their coal exposure and limit pollution from coal-fired power plants.
The document outlines the business case for companies to transition to a green economy. It provides numerous examples showing that sustainability strategies can generate positive returns on investment by improving financial metrics. A green economy benefits businesses through more resilient supply chains, new opportunities, increased consumer demand, sales growth, job creation, and reduced resource dependency. However, significant barriers remain such as short-term thinking. The transition requires new skills and innovation. An action plan is provided to help companies anticipate and capitalize on opportunities in the green economy.
As the Coalition Government promises to tear out large sections of the rulebook and relax targets in an attempt to ease the strain on struggling UK businesses, it is tempting to conclude that environmental sustainability initiatives can be put on a backburner. In crisis mode, the country and its commercial entities surely have more pressing concerns?
Keeping the lights on remains one of them and this demands that organisations can continue to balance their books. Evidence has shown that there is a direct correlation between energy efficiency and cost efficiency for a business. As a result, the attention paid to carbon emissions monitoring and management is no longer something that is automatically handed over to corporate social responsibility and marketing teams.
At more astute companies, the discipline is now firmly on the radar of the finance department. If international pledges and government targets around global warming have done anything positive for businesses, it is to encourage them to measure and gain an appreciation for just how much wastage goes on in companies – and how much this is costing them.
The following white paper assesses the current landscape for carbon emission monitoring, exploring not only companies’ regulatory responsibilities for behaving in a more environmentally sustainable way but also how, through systematic, integrated measuring and reporting, they can substantially reduce their internal costs at a time when energy prices and other business costs are escalating at a punishing rate.
To find out more about our carbon accounting solutions please contact us on 01582 714 810.
The business of sustainability putting it into practiceZubin Poonawalla
Sustainability issues like environmental, social, and governance factors are becoming increasingly important for companies to consider strategically. Integrating sustainability into business models can help companies capture value in areas like returns on capital, growth, and risk management. Leading companies treat sustainability as a top priority and systematically pursue opportunities in areas like sustainable operations, products/services, and value chains. Doing so helps optimize costs and drives innovation to tap new markets and customers. Fully integrating sustainability requires understanding impacts across the entire value chain and actively seeking ways to invest in growth opportunities arising from sustainability trends.
Corporate PPAs provide an opportunity for businesses to commit to using renewable energy, thereby reducing their carbon footprint, improving business sustainability and providing greater energy security and price certainty. For generators and funders in markets where subsidies are being withdrawn, they can be seen as the anchor for projects to be “bankable”.
Here are 2 examples of organizations in each quadrant of the matrix given in the case:
High Social Impact, High Financial Performance:
- Starbucks: Known for ethical sourcing and environmental sustainability. Also highly profitable.
- Nestle: Committed to reducing environmental footprint while maintaining financial success.
High Social Impact, Low Financial Performance:
- Chiquita: Focused on fair trade and reducing food waste but not always financially profitable.
- Videocon: Emphasizes green products but financial performance has been mixed.
Low Social Impact, High Financial Performance:
- Apple: Very profitable but criticized for environmental and labor practices in supply chain.
- McDonalds: Strong financial
This document provides lecture notes on green business management. It discusses key concepts like the definition of green business, corporate sustainability strategies, and challenges and opportunities of implementing sustainable business practices. Some highlights include:
1. A green business aims to have minimal negative environmental or social impacts while striving for profit. It incorporates sustainability into decisions and supplies eco-friendly products.
2. Corporate sustainability strategies can include innovation, collaboration, process improvement, and sustainability reporting. Goals are incorporated into missions to take advantage of opportunities while mitigating risks.
3. Implementing sustainability comes with challenges like transitioning business models but also opportunities like attracting talent and customers who demand green products. Leading green businesses are taking advantage of
A mix of traditional, market-derived and selfimposed regulation is helping the mining and other industries to more effectively protect the environment. Proper environmental management can no longer be viewed as a constraint to business. Rather, it creates an opportunity for smart companies to demonstrate their capacity for market leadership, resulting in greater support from investors, customers and the wider community. The commercial benefits of a proactive approach to environmental management are becoming clearer. Rather than relying on reactive, compliance-based approaches, businesses are now recognising that efficient management in the environmental arena, which harnesses the benefits of selfregulation, is good for business. It helps creates a better image that in current markets attracts investors and new customers and managers are now able to acknowledge that environmental issues should be integrated into all aspects of daily business activity.
Enlightened businesses are seeking to future-proof themselves over the long term by aiming to decouple business growth from increasing environmental and social damage, eliminate negative impacts, or even generate restorative/net-positive impacts. Others are going even further, innovating entirely new resilient ways of working, and exploiting the opportunities in global trade around solutions that tackle pollution, congestion, resource scarcity and other international challenges.
The purpose of this report is to highlight actions that large firms have taken to transform their business models towards sustainability.
The document discusses different perspectives on the relationship between business and the environment. Several experts were interviewed and offered the following views:
- Win-win solutions that benefit both the environment and business's financial interests should be the goal, but are rare in practice. Regulations often impose real costs on companies to force them to address environmental externalities.
- Flexible, market-based policy instruments can help reduce costs of environmental regulations for businesses while still achieving policy goals. Farsighted companies that anticipate future market and social trends have been able to adapt successfully to changing environmental standards.
- Effective corporate environmental management systems are needed to take advantage of opportunities created by flexible government policies to continuously improve performance in a cost-effective
Measuring Quality of Corporate Sustainability Reporting- A Case Study of the ...Lisa Cioffi
This document discusses corporate sustainability reporting and provides a case study comparing the reports of Toyota and Honda. It begins with background on the importance and growth of sustainability reporting globally. Companies are increasingly encouraged to report on non-financial issues due to investor and public pressure. The Global Reporting Initiative (GRI) publishes guidelines that are widely used for sustainability reporting. The document then analyzes the sustainability reports of Toyota and Honda to understand how they disclose information and compare their approaches, hypothesizing that their reasons and formats for reporting will differ despite both being automakers.
Enterprise Sustainability Investments in TechnologySG Analytics
A few decades ago, organizations were turning a blind eye to the environmental repercussions of integrating sustainability policies that were growing in vigor due to capitalism. But the scenario is now changing. Sustainable business practices are finding their way into corporate obligation, and businesses are taking sincere initiatives to measure and minimize environmentally unfriendly operations. A KPMG study highlighted that sustainability reporting in G250 companies is growing - from 64% in 2005 to 96% in 2020.
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party StandardsLeon Pulman
Recent research finds that organizations have more success on energy and sustainability initiatives when they set public goals. But with so many options available, how do you determine which goals will drive the greatest value for your organization? And against what criteria should you assess them?
Our goals primer eBook summarizes the top global, third-party benchmarking standards and recommends how to choose the right one to accelerate your energy and sustainability ambitions.
Sustainability goal setting guide to 7 top third party standardsJackson Seng
Recent research finds that organizations have more success on energy and sustainability initiatives when they set public goals. But with so many options available, how do you determine which goals will drive the greatest value for your organization? And against what criteria should you assess them?
Our goals primer eBook summarizes the top global, third-party benchmarking standards and recommends how to choose the right one to accelerate your energy and sustainability ambitions.
In this white paper published by Sustainable Brands and co-authored by Mark Stapylton of BrandPanorama with Nancy Elder, JetBlue’s VP of Communications, we discuss the importance of sustainability branding in creating shared value, competitive advantage, and long-term profitability. Without measurement to quantify the return on investment in sustainability relevance and integration are inherently limited, but there are key ROI metrics every company or organization can adopt that will prove the value of sustainability to their brand and accelerate their progress.
JetBlue whitepaper: The Matter with Metrics - Measuring the ROI of Sustainabi...Sustainable Brands
The document discusses measuring the return on investment (ROI) of sustainability initiatives. It notes that while senior executives recognize the competitive advantage of sustainability, few can accurately quantify the business value. It argues that measuring ROI, like advertising spending, is key to defending sustainability spending and ensuring its continued funding. The document provides examples of companies measuring social and environmental impacts and integrating sustainability metrics into reporting to demonstrate ROI. It emphasizes the importance of connecting a brand's purpose authentically to sustainability issues that meet strategic goals.
This document discusses the growing importance of sustainability for businesses and the role that CFOs and finance professionals can play in leading sustainability efforts. It outlines key aspects of sustainability including the environmental, social and economic impacts of business activities. The document argues that embracing sustainability can help businesses enhance competitiveness, strengthen financial performance, attract talent and gain competitive advantages. It provides an overview of sustainability reporting frameworks and standards that can help companies integrate sustainability into strategic planning and decision-making.
There is growing momentum for carbon pricing among governments and companies worldwide. Over 60 companies have now aligned with the Business Leadership Criteria on Carbon Pricing, committing to set an internal carbon price, advocate for carbon pricing policies, and report on progress. Companies are exploring carbon pricing to prepare for regulations, meet emissions targets, and respond to investor demands. While carbon pricing can be complex, companies generally take one of three approaches to internal carbon pricing: implicit pricing, shadow pricing, or internal taxes/fees. This guide provides best practices to help companies implement the criteria and leverage carbon pricing as a strategic tool.
This document discusses Amundi's engagement with companies on managing coal use in the electricity generation sector. It provides context on the energy transition away from coal and regulatory drivers like the EU's Industrial Emissions Directive. Amundi selected companies in the utilities sector with significant coal exposure to have discussions around improving their coal policies and environmental practices. The engagement considers the different constraints companies face based on their geographic footprint and regulatory environments. Amundi aims to support companies in going beyond minimum regulations and adopting best practices to reduce their coal exposure and limit pollution from coal-fired power plants.
The document outlines the business case for companies to transition to a green economy. It provides numerous examples showing that sustainability strategies can generate positive returns on investment by improving financial metrics. A green economy benefits businesses through more resilient supply chains, new opportunities, increased consumer demand, sales growth, job creation, and reduced resource dependency. However, significant barriers remain such as short-term thinking. The transition requires new skills and innovation. An action plan is provided to help companies anticipate and capitalize on opportunities in the green economy.
As the Coalition Government promises to tear out large sections of the rulebook and relax targets in an attempt to ease the strain on struggling UK businesses, it is tempting to conclude that environmental sustainability initiatives can be put on a backburner. In crisis mode, the country and its commercial entities surely have more pressing concerns?
Keeping the lights on remains one of them and this demands that organisations can continue to balance their books. Evidence has shown that there is a direct correlation between energy efficiency and cost efficiency for a business. As a result, the attention paid to carbon emissions monitoring and management is no longer something that is automatically handed over to corporate social responsibility and marketing teams.
At more astute companies, the discipline is now firmly on the radar of the finance department. If international pledges and government targets around global warming have done anything positive for businesses, it is to encourage them to measure and gain an appreciation for just how much wastage goes on in companies – and how much this is costing them.
The following white paper assesses the current landscape for carbon emission monitoring, exploring not only companies’ regulatory responsibilities for behaving in a more environmentally sustainable way but also how, through systematic, integrated measuring and reporting, they can substantially reduce their internal costs at a time when energy prices and other business costs are escalating at a punishing rate.
To find out more about our carbon accounting solutions please contact us on 01582 714 810.
The business of sustainability putting it into practiceZubin Poonawalla
Sustainability issues like environmental, social, and governance factors are becoming increasingly important for companies to consider strategically. Integrating sustainability into business models can help companies capture value in areas like returns on capital, growth, and risk management. Leading companies treat sustainability as a top priority and systematically pursue opportunities in areas like sustainable operations, products/services, and value chains. Doing so helps optimize costs and drives innovation to tap new markets and customers. Fully integrating sustainability requires understanding impacts across the entire value chain and actively seeking ways to invest in growth opportunities arising from sustainability trends.
Corporate PPAs provide an opportunity for businesses to commit to using renewable energy, thereby reducing their carbon footprint, improving business sustainability and providing greater energy security and price certainty. For generators and funders in markets where subsidies are being withdrawn, they can be seen as the anchor for projects to be “bankable”.
Here are 2 examples of organizations in each quadrant of the matrix given in the case:
High Social Impact, High Financial Performance:
- Starbucks: Known for ethical sourcing and environmental sustainability. Also highly profitable.
- Nestle: Committed to reducing environmental footprint while maintaining financial success.
High Social Impact, Low Financial Performance:
- Chiquita: Focused on fair trade and reducing food waste but not always financially profitable.
- Videocon: Emphasizes green products but financial performance has been mixed.
Low Social Impact, High Financial Performance:
- Apple: Very profitable but criticized for environmental and labor practices in supply chain.
- McDonalds: Strong financial
This document provides lecture notes on green business management. It discusses key concepts like the definition of green business, corporate sustainability strategies, and challenges and opportunities of implementing sustainable business practices. Some highlights include:
1. A green business aims to have minimal negative environmental or social impacts while striving for profit. It incorporates sustainability into decisions and supplies eco-friendly products.
2. Corporate sustainability strategies can include innovation, collaboration, process improvement, and sustainability reporting. Goals are incorporated into missions to take advantage of opportunities while mitigating risks.
3. Implementing sustainability comes with challenges like transitioning business models but also opportunities like attracting talent and customers who demand green products. Leading green businesses are taking advantage of
A mix of traditional, market-derived and selfimposed regulation is helping the mining and other industries to more effectively protect the environment. Proper environmental management can no longer be viewed as a constraint to business. Rather, it creates an opportunity for smart companies to demonstrate their capacity for market leadership, resulting in greater support from investors, customers and the wider community. The commercial benefits of a proactive approach to environmental management are becoming clearer. Rather than relying on reactive, compliance-based approaches, businesses are now recognising that efficient management in the environmental arena, which harnesses the benefits of selfregulation, is good for business. It helps creates a better image that in current markets attracts investors and new customers and managers are now able to acknowledge that environmental issues should be integrated into all aspects of daily business activity.
Enlightened businesses are seeking to future-proof themselves over the long term by aiming to decouple business growth from increasing environmental and social damage, eliminate negative impacts, or even generate restorative/net-positive impacts. Others are going even further, innovating entirely new resilient ways of working, and exploiting the opportunities in global trade around solutions that tackle pollution, congestion, resource scarcity and other international challenges.
The purpose of this report is to highlight actions that large firms have taken to transform their business models towards sustainability.
The document discusses different perspectives on the relationship between business and the environment. Several experts were interviewed and offered the following views:
- Win-win solutions that benefit both the environment and business's financial interests should be the goal, but are rare in practice. Regulations often impose real costs on companies to force them to address environmental externalities.
- Flexible, market-based policy instruments can help reduce costs of environmental regulations for businesses while still achieving policy goals. Farsighted companies that anticipate future market and social trends have been able to adapt successfully to changing environmental standards.
- Effective corporate environmental management systems are needed to take advantage of opportunities created by flexible government policies to continuously improve performance in a cost-effective
Measuring Quality of Corporate Sustainability Reporting- A Case Study of the ...Lisa Cioffi
This document discusses corporate sustainability reporting and provides a case study comparing the reports of Toyota and Honda. It begins with background on the importance and growth of sustainability reporting globally. Companies are increasingly encouraged to report on non-financial issues due to investor and public pressure. The Global Reporting Initiative (GRI) publishes guidelines that are widely used for sustainability reporting. The document then analyzes the sustainability reports of Toyota and Honda to understand how they disclose information and compare their approaches, hypothesizing that their reasons and formats for reporting will differ despite both being automakers.
Enterprise Sustainability Investments in TechnologySG Analytics
A few decades ago, organizations were turning a blind eye to the environmental repercussions of integrating sustainability policies that were growing in vigor due to capitalism. But the scenario is now changing. Sustainable business practices are finding their way into corporate obligation, and businesses are taking sincere initiatives to measure and minimize environmentally unfriendly operations. A KPMG study highlighted that sustainability reporting in G250 companies is growing - from 64% in 2005 to 96% in 2020.
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party StandardsLeon Pulman
Recent research finds that organizations have more success on energy and sustainability initiatives when they set public goals. But with so many options available, how do you determine which goals will drive the greatest value for your organization? And against what criteria should you assess them?
Our goals primer eBook summarizes the top global, third-party benchmarking standards and recommends how to choose the right one to accelerate your energy and sustainability ambitions.
Sustainability goal setting guide to 7 top third party standardsJackson Seng
Recent research finds that organizations have more success on energy and sustainability initiatives when they set public goals. But with so many options available, how do you determine which goals will drive the greatest value for your organization? And against what criteria should you assess them?
Our goals primer eBook summarizes the top global, third-party benchmarking standards and recommends how to choose the right one to accelerate your energy and sustainability ambitions.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
Dive into this presentation and learn about the ways in which you can buy an engagement ring. This guide will help you choose the perfect engagement rings for women.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Garments ERP Software in Bangladesh _ Pridesys IT Ltd.pdfPridesys IT Ltd.
Pridesys Garments ERP is one of the leading ERP solution provider, especially for Garments industries which is integrated with
different modules that cover all the aspects of your Garments Business. This solution supports multi-currency and multi-location
based operations. It aims at keeping track of all the activities including receiving an order from buyer, costing of order, resource
planning, procurement of raw materials, production management, inventory management, import-export process, order
reconciliation process etc. It’s also integrated with other modules of Pridesys ERP including finance, accounts, HR, supply-chain etc.
With this automated solution you can easily track your business activities and entire operations of your garments manufacturing
proces
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
1. Turcotte 1
Greg Turcotte
SAP Research Report
13 May 2007
Summary:
Increasingly, corporations are being called on to adopt sustainable practices as part of their
standard operations. One of the foremost goals of this movement is to reduce the emission of
green-house-gasses. This report examines the role of information systems in reaching this goal.
Forward thinking companies such as SAP have recognized this need, and are providing tools for
tracking green-house-gas emissions.
Using Existing Information Systems for Green-House-Gas Emission Tracking
A textbook from one of my undergraduate management courses poses the question,
“Should business be responsible for social concerns lying beyond its own economic well-being?”
(Bateman 162). Increasingly, social interest groups, individual consumers, and even foreign
governments are answering this question with a resounding “Yes”. A call for corporate
accountability beyond immediate profits is being raised; a call that emphasizes the need for
ethical and sustainable business practices. One such social concern has received considerable
attention as of late: global warming due to green-house-gas (GHG) emissions. Many envision a
future where corporations are held responsible for their contribution to this global threat.
Unfortunately, as implied by the opening question, this vision conflicts with the
traditional profit-driven mentality of many corporations. Milton Friedman, credited with shaping
modern economic theory, was once asked what he thought of corporate philanthropy. He
responded, “’The social responsibility of business is to increase profits’”. He went on to argue
that anything in addition to this would be unethical (Bateman 162). Before vilifying this
statement, it needs to be added that this principle in itself does not exclude the idea of
2. Turcotte 2
sustainability. When combined with a long-term view of the future, sustainability is a necessary
component of profitability. If resources are depleted, there are no profits.
However, reality has shown that a very short-term economic view is dominating the
current global economy. Today’s competitive trade-markets are driven by profits with little
concern for anything else. The expansion of these markets has fostered a business environment
in which corporations are forced to cut costs wherever possible simply to stay in business.
Unfortunately, the lowest common denominator often sets the bar. If a competitor is saving
money by spewing waste into the air, others may be inclined to do the same simply to compete.
The idea that a business would willingly take on the costly process of reducing green-house-gas
emissions seems counter intuitive at best. When looked at with a short-term view of the future, it
appears that the goals of profitability and sustainability are at odds with one another.
Currently, there are attempts being made to reconcile these two objectives. The hope is
to change the rules by which our global markets operate. Across the board, corporate
profitability needs to be linked with sustainable practices. The catalyst for change may come in
the form of government coercion, the influence of consumers through the purchases they make,
or through some other means. Likely, the resulting solution will incorporate aspects from all of
these sources. Milburn Thompson, a writer examining the social impact of globalization, has
taken an optimistic view. “The system itself can often be directed toward conserving the
environment… Multi-national corporations can be shown that environmental responsibility pays
in the end.” (Thompson 39). By directly linking profits with sustainability, the competitive
market system can be harnessed into self-regulation. While the final outcome is still unknown,
steps for reaching this point are already being taken.
3. Turcotte 3
Signs that corporations are being influenced by these trends are already present. On their
own, some businesses have decided to include GHG emissions as part of their overall decision-
making process. Often, the organizations taking the lead in reducing emissions are being
rewarded for their effort. This has certainly been the case for one Colorado based brewery.
New Belgium [Brewery] has always looked for ways to be energy efficient and
socially responsible…
Greenhouse Gas Emissions Reduction • In 1998, New Belgium took an
employee vote and decided to commit to being the nation’s first wind-powered
brewery. The decision came after our engineers, looking to minimize CO2
emissions, discovered that city’s power plant, which supplied the brewery with
electricity, created the bulk of our emissions. Employee owners voted to dip into
their bonus pool to help finance the conversion. (New Belgium)
In this exceptional example, this company decided to take a risk by committing itself to a policy
of sustainability.
Rather than being a liability, incorporating sustainability as part of their ongoing
operations has greatly benefited New Belgium’s corporate image. It may even be possible to
claim that this effort has given them a competitive edge over other breweries. If nothing else, it
lets consumers feel good about using their product, and it makes for interesting conversation.
This informal advertising is yet another benefit. Although it can be difficult to assign such
benefits a direct monetary value, they should not be discounted. Examples such as New Belgium
show that it is possible to reconcile the goals of profitability with sustainability. Still, much
work remains for this ideal to be realized on a global scale.
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While the above example illustrated indirect benefits of sustainable practices, there is
potentially an additional source of revenue that businesses actively budgeting their emissions can
benefit from. Several proposed regulations include the buying and selling of emissions credits.
“To meet specific goals, emissions trading markets are being developed in which organizations
that meet targeted emissions levels earn credits that can be traded, stock-market style, to
organizations that didn’t meet them. Estimated by Point Carbon at $10 billion per year, this
emerging trading market is potentially very substantial” (SAP 1). In such a market, businesses
that excel at reducing their emissions will be in a position to gain financially. This could be a
powerful force for motivating emission reductions. In effect, global markets driven by profit can
be used to promote sustainable practices.
This report is written as a supplement to this vision of the future. Undoubtedly, the
required changes will result in a time of transition where corporations struggle to comply with
new standards. Admittedly, the process of incorporating sustainable practices will likely result
in increased costs. Minimizing these will be of utmost importance for reconciling the goals of
sustainability and profitability. After all, business is still about the bottom-line, and cutting
expenses is a key aspect of profitability. Efforts to ease corporations through this time are
already being made. The following research identifies some of the work being done to assist
corporations with green-house-gas emission compliance.
The International Organization for Standardization (ISO) has done extensive work in
developing a set of standards and protocols for the monitoring of GHG emissions. A brief
excerpt from ISO’s webpage states:
ISO launched the development of ISO 14064 in 2002 as a solution to the
problems posed by the fact that governments, business corporations and voluntary
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initiatives were using a number of approaches to account for organization- and
project-level GHG emissions and removals with no generally accepted validation
or verification protocols. (ISO)
With this standard, the ISO has created a single set of rules by which corporations are evaluated
for GHG compliance. Uniformity ensures that the playing field is indeed level. Enforcing these
standards as prerequisites for entering the global market could create a competitive environment
that encourages sustainability. No longer would one company be able to out-perform another by
ignoring GHG emissions.
In addition to creating a common set of rules, the ISO standard is a comprehensive
guideline for emissions reporting. It details how emissions tracking can be incorporated into the
business process. Concepts outlined in the ISO standard are strikingly similar to what one would
find in a financial accounting textbook. Unifying similarities can be found between the language
implemented in ISO 14064 and the corporate-familiar language of financial accounting.
ISO 14046 sets out to achieve four goals, each of which should sound very familiar to
anyone in the accounting field.
• Promote consistency, transparency and credibility in GHG quantification,
monitoring, reporting and verification;
• Enable organizations to identify and manage GHG-related liabilities, assets
and risks;
• Facilitate the trade of GHG allowances or credits, and
• Support the design, development and implementation of comparable and
consistent GHG schemes or programmes. (ISO)
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The reason these goals should look familiar: they closely resemble those promoted by the
Financial Accounting Standards Board.
• Improve the usefulness of financial reporting by focusing on the primary
characteristics of relevance and reliability and on the qualities of
comparability and consistency;
• Keep standards current to reflect changes in methods of doing business and
changes in the economic environment;
• Consider promptly any significant areas of deficiency in financial reporting
that might be improved through the standard-setting process;
• Promote the international convergence of accounting standards concurrent
with improving the quality of financial reporting; and
• Improve the common understanding of the nature and purposes of information
contained in financial reports. (FASB)
Both standards emphasize relevance, reliability, and consistency as their primary goals. In both
cases, the intent is to create a way by which corporations can be evaluated and compared using a
common standard. The idea that all corporations will be held to the same rules is found
throughout both standards. As a generally accepted rule, it is illegal for a corporation to gain
competitive advantage by ignoring the FASB guidelines. Through the ISO standard, GHG
emission tracking is presented as though it is simply a subset of existing accounting practices.
Building on existing concepts makes the adoption of emission standards more manageable.
However, with the ISO standard in place, it must be recognized that GHG emission tracking will
cause significant change and expense for most organizations.
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SAP, a provider of information systems, is in the business of making change easier. They
have recognized that one possible path to ease businesses through this time of transition is to
modify pre-existing information systems. First, we should examine the traditional role SAP’s
solutions have played in the world of business. From there, a connection to their role in the issue
of green-house-gas emissions can be more easily explained.
SAP’s information systems are found in enterprise class businesses across the globe. Due
to an ever-increasing need to track information, corporations have turned to SAP’s information
systems for aid. SAP allows businesses to monitor operations at their most basic levels. SAP’s
systems have made it possible to generate financial and operations reports with a rate of
frequency and a level of accuracy that was previously impractical. To a large extent, measures
taken to implement these systems have justified themselves by cutting costs and increasing
profits.
The potential exists where these same systems could also be used to monitor green-
house-gas emissions. With an ISO standard in place that can be easily translated into accounting
principles, it seems reasonable to conclude that corporations could use existing information
systems to facilitate compliance. Instead of analyzing the monetary costs each processes will
incur, the emission cost of each product could be estimated. Using this information, companies
could apply accounting principles that allow them to budget the emissions they expect to produce
within a given time period. With an emissions budget in place, appropriate action could then be
taken to insure compliance. Such systems would also be key in the trading of emissions credits.
Without accurate information systems, there would be no way to realize this trade opportunity.
By expanding the role of existing information systems, corporations will be in a position to
comply with emission standards and capitalize on potential sources of revenue.
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In the recent past, SAP has implemented emission-tracking solutions in industries that are
already highly regulated. For example, utility plants are on the forefront of GHG emission
monitoring. An excerpt SAP’s website explains:
Regulations such as the Clean Air Act and the Kyoto Protocol require emissions-
producing entities in the United States, Europe, and elsewhere to reduce energy
consumption and greenhouse gas emission…
To succeed in this regulated environment, however, utilities – yours for example –
need a cost-effective way of monitoring and controlling emissions output,
tracking compliance, and generating reports. This is where SAP xApp Emissions
Management (SAPxEM) packaged composite application can help…
SAP xEM belongs to a new breed of composite applications. It is designed to
improve productivity by aligning compliance software with existing processes.
Capabilities such as maintaining compliance status, monitoring and controlling
plant emissions, tracking performance benchmarks, and communicating with key
stakeholders make this solution unique. It supports processes that enhance the
information flow across the organization, improve environmental portfolio
management, and enable you to move closer to achieving sustainability for your
global operations. (SAP 1, 2)
As seen here, SAP is positioning its product as a viable solution for emissions tracking.
In addition to promoting new stand-alone solutions, SAP has shown that existing
enterprise software can be modified to accommodate new environmental accounting methods.
“SAP xEM integrates seamlessly with existing enterprise portals. For effective emissions
management, you must be able to integrate data from various systems” (SAP 3). Adding further
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incentive, the estimate SAP gives for implementing this added functionality to their existing
systems is less than four months time (SAP 4). While realistically there are sure to be
complications, it is encouraging to see that developers like SAP are recognizing the importance
of providing competitive solutions that integrate environmental accounting into existing
programs. Retrofitting existing information systems could dramatically reduce the time for
implementation and the resulting overhead costs.
Personally, I find the merging of environmental accounting into traditional corporate
practices exciting. It is a highly practical way of tackling a problem with truly global
implications. Though it does not prevent such a thing, it does not require a drastic change in
corporate ideology. Compliance can be achieved by using competitive markets, something
readily accepted by modern corporations. To me, this seems like a realistic approach to a
potentially volatile transition. I hope to position myself professionally so that I’m involved in
this emerging field in some way.
In viable visions of a sustainable future, it must be recognized that corporations are
driven by profits. This basic principle is not likely to waiver. However, it is possible to foster a
long-range view of the future, thereby linking profits directly to sustainability. In the end, if we
fail to sustain our resources, what good are profits anyway? Competitive markets can be
modified to include this concept. Linking profits to compliance will effectively capture the
attention of shareholders and the companies they influence. The International Standards
Organization has made significant progress to this end. They have developed a standard by
which all businesses competing in the global market can be held accountable. Of equal
importance, SAP is providing the tools needed for corporations to operate in this new
environment. Information systems are helping corporations to comply with these standards in a
10. Turcotte 10
way that is cost-effective and timely. Ideally, these efforts will lead to a future where both
sustainability and profitability can be accommodated.
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Works Cited
Bateman, Thomas S., Scott A. Snell. Management Leading & Collaborating in a Competitive
World. 7th ed. New York, NY: McGraw-Hill Irwin, 2007.
FASB. “The Mission of the Financial Accounting Standards Board.” FASB. 25 Apr. 2007.
<http://www.fasb.org/facts/index.shtml#mission>
ISO. “New ISO 14064 Standards Provide Tools for Assessing and Supporting Greenhouse Gas
Reduction and Emissions Trading.” International Organization for Standardization. 3
Mar. 2006. 25 Apr. 2007 <http://www.iso.org/iso/en/commcentre/pressreleases/2006/
Ref994.html>
New Belgium. “Sustainability.” New Belgium. 8 May 2007. <http://www.newbelgium.com/
sustainability.php>
SAP. “SAP for Utilities: SAP xApp Emissions Management.” SAP. Aug. 2004. 25 Apr. 2007
<http://www.sap.com/industries/utilities/pdf/BWP_xEM_SAP_Utilities.pdf>
Thompson, Milburn J. Justice & Peace. 2nd ed. Maryknoll, NY: Orbis Books, 2003.