Provide at least three examples of companies that pursue sustainability strategies and explain what their activities entail.

Question

What will be an ideal response?

Answer 1

Sustainable business practices are those that meet the needs of the present without compromising the ability to meet the needs of the future. Examples include:

• Keurig Green Mountain, whose focus is on three primary solutions: (1) helping farmers improve their farming techniques, (2) addressing local water scarcity and planning for climate change, and (3) strengthening farmers' organizations. 
• Unilever Sustainable Living Plan (USLP) has resulted in, among other actions: (1) setting up a central corporate team dedicated to spreading best sustainability practices from one factory or business unit to the rest of the company; (2) creating a "small actions, big differences" fund to invest in innovative ideas that help the company achieve its sustainability goal; (3) working with its suppliers to source sustainable agricultural products to reduce emissions from the overall footprint of its products and extend its sustainability efforts to its entire supply chain; and (4) enabling over 716,000 small farmers to improve their agricultural practices and/or their incomes. 
• By helping two-thirds of its employees to stop smoking and by investing in a number of wellness programs for employees, Johnson & Johnson saved $250 million on its health care costs over a 10-year period. 
• Tyson Foods now produces jet fuel for B-52 bombers from the vast amount of animal waste resulting from its meat product business. 
• Staples has become one of the largest nonutility corporate producers of renewable energy in the United States due to its installation of solar power panels in all of its outlets (and the sale of what it does not consume in renewable energy credit markets).