Recent research on corporate sustainability indicates that companies still have a long journey ahead in order to meet their sustainability goals. Only four percent of companies recently surveyed by Bain & Company feel that they’ve succeeded in achieving their sustainability goals, while 47% feel that they’ve failed altogether.
Theresa Eberhardt, Project Coordinator, Supply Chain
These numbers might seem discouraging to some, but not to me. I’ve been in the sustainability space for over five years, working primarily in supply chains, and over this time, I’ve learned that the first step to success is acknowledging where you’re starting from. I’m also encouraged by EDF+Business, which has been helping companies meet their supply chain goals for over 25 years. These numbers show me that more and more companies are doing the hard work of evaluating and reporting on their own operations and supply chains. If you’re a sustainability officer at a large multinational corporation, we know that this can be a daunting task. However, you should relish the fact that you have the opportunity to make meaningful change on a huge scale. It just takes some focus, and the right business strategy.
As a working mother, I often have to multi-task. Recently, as I watched my toddler push his food around his plate, I caught up on last week’s news that Fortune had released its annual “Change the World” list of top companies using the profit motive to help the planet and tackle social problems.
About 10 percent of this list consists of corporate leaders who are thinking critically about the challenge to feed our world in a sustainable way without destroying our planet, including companies like Kroger (#6), Walmart (#16), Tyson Foods (#44), McDonald’s (#50) and PepsiCo (#57). These companies know that a thriving community requires a fed community.
While I’m thankful to Fortune for sharing best practices from these incredible, game-changing companies, I’m also painfully aware that the corporate sector at large has a lot more work to do: a recent survey by Bain & Company found that only four percent of companies feel that they’ve succeeded in achieving their sustainability goals, while 47 percent feel that they’ve failed altogether.
Speaking as both a mother and a sustainable supply chain specialist, that’s simply not good enough. We are already facing the massive challenge of producing even more food with fewer inputs. We are already facing increasingly variable weather. And in just a few decades, our planet will be home to 2 billion more people to feed.
What’s my point? Next year, food and agriculture companies, I want to see more of you on Fortune’s list. So to help you on this quest, I’m officially issuing you a two-part challenge:
Credit: Flickr user Mike Mozart
What can happen when the CEO of the world’s largest retailer says publicly that making the world better is more important than sales? The answer: a gigaton.
I was able to attend Walmart’s annual Sustainability Milestone Summit for the first time last month in Arkansas, and as EDF+Business’ new lead on climate change and energy issues in the supply chain, I have to say it was an incredible experience. At work was a tangible display of EDF+Business’ supply chain theory of change – that some companies have the power to move markets, and if they choose to, can use that power to accelerate progress on climate change.