Green is not just the color of money, it is the color of social-responsibility

Showing posts with label sustainability. Show all posts
Showing posts with label sustainability. Show all posts

Sunday, April 3, 2011

Puma Promises World’s First Environmental Profit & Loss Statement

Puma says it will produce the first-ever Environmental Profit and Loss (EP&L) statement.

The fitness apparel company has implemented a new method of accounting, with help from Trucost and PricewaterhouseCoopers, that it says will allow it to produce a new type of integrated reporting.

The EP&L statement is designed to capture the brand’s economic impact on naturally occurring ecological systems including the Earth’s water cycle and air filtration. Environmental advocates have been calling for such accounting systems for years, Sustainable Life Media reports.

The athletic brand did not say when it would release its first EP&L. But it said it will encourage other companies in its sector to work towards producing their own integrated statements.

The EP&L project is part of a larger environmental initiative by Puma’s parent company PPR Group, whose other brands include Gucci, Yves Saint Laurent and Stella McCartney.

PPR said it has offset the 2010 scope 1 and scope 2 emissions from Puma, the PPR luxury group and PPR headquarters, a total of 98,729 tons. The group bought carbon credits from the Wildlife Works Reduced Emissions from Deforestation and Degradation (REDD) offsetting project in Kenya.

The group is also launching a “creative sustainability lab” in consultation with Cradle-to-Cradle, which PPR says will foster a new approach to product and business development.These two initiatives will cost 10 million euro a year, PPR said.

Last year the company unveiled its “clever little bag” packaging, which it says will help reduce cardboard use by 65 percent.   Source


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Sunday, January 2, 2011

Israel, Eco Oasis


Israel, a small desert nation nestled in the heart of the Middle East, is providing a shining example of how environmental awareness, ecological innovation and sustainable development can blossom, even in an environment that can be harsh and unforgiving.

Despite being a tiny country with limited water and resources, Israelis are showing again and again their commitment to working with nature and developing technologies and setting standards that use resources sustainably and ecologically.

From the private sector to nonprofits to the government, there are inspiring projects underway in Israel in many arenas including sustainable building, recycling programs, water purification systems and ecological electricity production.


Developments such as the currently under-construction Eco Tower, which will be the first “green” office tower in Tel Aviv are setting the standard for sustainable building worldwide .

The eco office tower is being built under principles of using as much recycled and recyclable materials from sustainable sources as possible, utilizing solar power and water saving and recycling.

The tower will have a clearly marked separate plumbing system for recycled water that will be used to flush toilets as well as for watering the two gardens that will be an integral part of the green building design. This system alone is estimated to reduce water usage by 13,000 liters every day.

Infrared taps, humidity control and water-saving toilets are also being installed in the building to help reduce water consumption. With such a strong focus on water-saving, it is estimated that the tower will save over four million liters of water each year, when compared to equivalent office buildings in Israel.

An extensive array of photovoltaic panels will be installed on the roof of the office tower to supply the building’s electricity needs, with additional power potentially to be generated by wind turbines. To reduce the building’s electricity requirements, the tower has been designed with power-saving in mind.

Air conditioning use will be reduced due to windows being made from locally-produced insulated, recycled glass that allows almost two-thirds of natural light to pass through while reflecting more than a quarter of the sun’s heat – a vital consideration in the hot, dry climate of Israel. Read Full Story



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Monday, November 22, 2010

The Future of Green Retail

Now that top retailers like Wal-Mart and Starbucks embrace green practices, “green retail” is more than just a Google trending topic. In September, the Retail Industry Leaders Association (RILA) held its annual environmental sustainability conference in San Diego, where executives shared best practices in establishing environmental programs and integrating green practices into their companies. But as companies continue to go green, they must also think about how they can make green services more available to their customers.

Green retail has indeed come a long way. Back in 2005, when Wal-Mart announced its new environmental standards, critics were skeptical. Was Wal-Mart going green or just greenwashing? While the company surely realized going green meant some positive press, the environmental benefit of many of their new initiatives was legitimate. A Fast Company article in January 2010 covered 11 ways Wal-Mart was changing retail, including deploying more fuel-efficient trucks and implementing innovative recycling policies, such as sandwich bales. A closer look at Wal-Mart practices also reveals a focus on internal sustainability, i.e. how the companies themselves act sustainably. This is more or less what “green retail” has signified until now: which company has the most fuel efficient fleets or solar panels on its stores?

However, green retail is in the midst of a radical shift, redefining how retailers participate in the green economy. Retailers can now pursue internal sustainability initiatives AND bring green practices and services to the consumer. Clean energy is now for sale in aisle 4.

For example, retailers can offer clean power services in stores to change the way green energy is delivered. Solar power, traditionally complicated and expensive for homeowners, can be accessible, easy, and even mainstream in popular stores. In fact, solar power service is now available through select Home Depot stores in Colorado, Massachusetts, New Jersey, and Pennsylvania. With this service, homeowners can switch to solar power for little or no cost, and simply pay monthly for the solar electricity. This can save customers up to 15 percent on their utility bills.

Are green retailers just what we need to help make solar mainstream? They are certainly an important part of the equation. In 2009, SunRun surveyed 2500 mainstream homeowners and found that while most people begin their solar research online, over a third of them wanted to make their final purchase of solar power at a retail store.

One of the major barriers to mainstream solar is lack of awareness. Most people already know solar power is available and understand the basic environmental and financial benefits. What they don’t realize is that solar can be easy and affordable. By selling affordable green power service, retailers can take advantage of high-volume foot traffic and a direct connection to consumers to educate the public and deliver clean energy in a new and exciting way. There are fewer than 100,000 solar homes in the United States and 126 million total housing units nationwide. By selling clean power where people shop every day, retailers can make a remarkable impact on the environment and the clean energy economy.

Green retail no longer means only adopting environmental practices within the company. Now it’s about helping others adopt environmental practices to grow the green movement, not to mention saving consumers money.  Courtesy of Environmental Leader



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Monday, November 1, 2010

Seven Must-Ask Sustainability Report Questions

There are seven questions CEOs, boards and other executives should ask to understand how sustainability reporting impacts their organizations, according to a new report from Ernst & Young.

These questions will help organizations examine internal processes to collect and analyze non-financial data, which could help generate long-term benefits such as better measurement of the company’s “triple bottom line” performance, greater stakeholder trust, improved risk management, and increased operational efficiency, says the company.

The report, ” Sustainability reporting: Seven things CEOs and boards should ask,” finds with more than two-thirds of the Fortune Global 500 companies publishing some form of sustainability report, they are becoming more important as a way for them to achieve their business goals including cost cutting and improved efficiency, says Ernest & Young.

In addition, sustainability reporting has become a tool for companies to report on their non-financial data, which is increasingly demanded by employees, analysts, customers and other stakeholders.

Case-in-point: A mid-2010 Ernst & Young survey of 300 global executives at large corporations revealed that 43 percent believe equity analysts consider factors related to climate change when valuing a company.

The Federal Trade Commission (FTC) recently proposed several revisions to its “Green Guides,” including new guidance on marketers’ use of product certifications and seals of approval, as well as claims for renewable energy, renewable materials, and carbon offsets.

Ernst & Young says reporting on “green” product development will provide companies with the opportunity to document the basis for any claims they make. It also will help them collect environmental information about their products as their customers develop supplier sustainability initiatives.

The seven questions discussed in the new report include:

–Who issues sustainability reports?

–Why report on sustainability if you don’t have to?

–What information should a sustainability report contain?

–What governance, systems and processes are needed to report on sustainability?

–Do sustainability reports have to be audited?

–What are the challenges and risks of reporting?

–How can companies get the most value out of sustainability reporting?
Source: Environmental Leader

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