The idea of equality in business is an utopia I must say but the the idea that we can all work towards a common goal is a more definite expression. Business sustainability should and has to be this common goal we are all working towards as people involved in one form of business or the other.
Business sustainability is built on three major components. PROFIT. PEOPLE.PLANET. Unfortunately, the success of many companies is only rated by profits. For a business to be considered sustainable, it has to ensure its people and planet it operates in are well taken care of while desired profit is achieved.
Let’s look at it this way. If a company is highly profitable but the people who work there get a cancer ailment few years into working for the company due to the hazard they are exposed to at work, then this business is not sustainable. While it has met the criteria of being profitable, the people criteria suffers.
There is a general misconception that only companies that has made a lot of money have the ability to check their sustainability as less profitable companies are busy trying to attain profitability. Alas, this is untrue. Small businesses are in fact best positioned to practise sustainability as small changes in water and energy use, in staff welfare and company cultures can have a remarkable effect in productivity and overall profitability.
Now that we understand the basics of business sustainability, let’s take a look at which companies are making huge decisions on their sustainability goals and what actions they are taking.
Who are the RE100?
They are a group of companies that have decided to take their sustainable practices to the next step and have committed to go 100% renewable by a certain year. If sustainability was just child’s play, these companies wouldn’t have come together to make such remarkable commitments. Want to know the companies who are part of the RE100, I will share some whose goals I find remarkable.
1. IKEA- IKEA has proposed to produce all the energy it consumes from renewable energy by 2020. Yes, in four years, IKEA will be completely off fossil fuel consumption. Currently, they have installed over 700,000 solar panels.
2. ADOBE: Taking it a few years later, Adobe intends to be powered 100% by renewable energy in 2035. As at 2014, they were already 30% powered by renewable energy.
3.ALSTRIA: If you do not live in Europe, you may not be familiar with ALSTRIA. ALSTRIA is one of the biggest real estate firms in Germany. They are already at 90% Renewable energy use. No surprise as Germany is the major player in renewable energy solutions.
4. BLOOMBERG: For BLOOMBERG, it’s a 2025 target for 100% renewable energy. At Bloomberg, they believe companies have the capacity to make substantial impact on the environment.
5. COCA-COLA : Your favorite beverage company is not folding its hands in the renewable energy business. Although, not speaking for its offices around the world, it has committed to 100% Renewable energy in their North West European offices.
6. H&M : I love H&M and the affordable fashion they have offer. It’s incredibly exciting to know they are a part of this. H&M is committing to reducing carbon emission by 5% relative to sales every year. 27% of the global electricity it uses currently comes from renewable energy.
7. HP Inc: Your favorite computer company (or not) is uniquely positioned to be able to cut carbon emission across board. With energy efficiency across all the products it makes. Sustainability is core to its business and fundamental to every decision it makes.
Want to know more companies that are part of the RE100, you can check them out here
Do you think there are ways you can help your organization stand for the plant and the people while maximazing profit, start a conversation and start it now.