The partners are required to establish an environmental management system. Particularly for raw materials, the company makes it a rule for business partners to acquire external certification of their environmental management system such as ISO 14001 (Annualreport, 2012). In 2007, Toyota planted trees around its manufacturing sites. Furthermore; the company installed auto plants world’s largest solar power system and a special paint that breaks down nitrogen and sulphur oxide coats for the exterior walls of the factory. These actions are taken to reduce the plant’s CO’2 emissions by 35% Toyota realizes that its industries can pollute the environment.
Pivot Assignment My assignment will be based around the company Starbucks. The main objective of this assignment is to become familiar with a specific business model innovation (pivot) that is well known in the public domain and to show clear analysis and presentation of the key factors of success (or failure) but in this case was a success. What does pivot mean in Business? -A pivot is a substantive change to one or more of the 9 business model canvas components. Company Background Starbucks opened its first store in 1971 in Seattle’s Pike Place Market and today is the largest coffee house chain in the world with nearly 18,000 stores in 60 countries.
Compare two multinational companies and assess which is more environmentally responsible Many multinational companies actively conduct their corporate social responsibilities regardless of losing profits at present. They are encouraged to fulfill their duties with regard to environmental protection and social concerns in their business operations. Unilever and Canon are both pioneers in their different business fields. The former is a diversified company selling foods and everyday household care products and 13 brands of which have sales of over 1 billion euros per year, with 169,000 people serving it (Unilever, 2017). The latter is an electrical device firm whose main products are electric appliances and imaging equipment such as cameras, sensors and GPS receivers; its common stock has reached 174,762 million yen by December 31 2016 (Canon, 2016).
*FCS: Forest Stewardship Council *PEFC: Programme for the Endorsement of Forest Certification Revenue: • HUL has recorded higher growth sales of 9% in the recent quarter QOQ • Growth driven by products with social purpose; Lifebuoy soap and hand wash, etc. Intangible Value: • HUL has been able to build extensive brand value for products like Lifebuoy and Kissan Ketchup • Increased productivity of employees Cost: • Cost saving through reduced disposable waste and recycling Risk: • Customer focus shifting to environmental friendly brands • Stringent pollution norms by the government Source: HUL March Quarter 2015 Results Report Case 2: Starbucks Corporation Background: Towards the end of 2005, Starbucks was the biggest coffee retailer
Target: Philips had pledged to refine the lives of three billion people on our planet by 2025. It had set up an ambitious target to sell at least half of its products which are green. By 2015, Philips wanted to collect and recycle 45,000 tons of its products, recycle alone 15,000 tons of obsolete products. It also set a target to reduce co2 emissions by 40% in 2015. Investment on Green Initiative The Research and Development budget in 2015 was an estimated amount €1.8 billion, which was equivalent to 7.3% of sales revenue.
3.4 Singapore: The challenges today are vastly different from 1960’s. However, the priorities vastly are same. Originally, it all began in 1960’s when population in Singa-pore grew and it was forced to import water from Malaysia. Building on vi-sionary ‘1972 water master plan’ a bold vision for Singapore was launched to become World’s foremost knowledge and practicing city centre for green in-frastructure, mart city water management technologies and waste water re-use. Singapore’s water savvy is the engineered surface of its city and much of it designed or retrofitted in green infrastructure.
‘Aisa Yeh Jahan’ (The World It Is …) - a film by Biswajeet Bora added another feather in India’s green movement. Being India’s first Carbon-Neutral film Aisa Yeh Jaha already acclaimed many International Awards. India has a great Film history of around 200 years. But this is the first time that any film director/producer keeps the environment in their mind. In our daily lives in every second we are adding carbon dioxide into the environment by various means which is known as carbon footprint.
Within nearly 20 years, Trung Nguyen has been a resurgence of effective partnership. This brand is profoundly prized for its commitment. It was elected 4 years in progession of “Top quality Vietnamese goods” by the clients (1999-2002). The prize of “The Yellow Star of the Vietnamese land in 2003” was offered by The Vietnamese Young Enterprises Association. Trung Nguyen coffee producers have been ensured by EUREPGAP and Utz Kapeh for “safe and sustainable” coffee growing
MITSUBISHI Another company at hand is the Mitsubishi Electric Co. The company, which has its mother company in Japan, branched out in the Philippines on the year 1987 and is one of the biggest automobile sellers in the country. Mitsubishi Electric Co. is currently practicing the policies of environmental accounting due to their advocacy of preserving the environment for the future condition of earth and its inhabitants. According to the Mitsubishi Electric Environmental Vision(2015), Mitsubishi electric has goals as to why the implementation of adding environmental costs and recording the environmental benefits has been approved. These goals are: (1) Creating a low-Carbon society, (2) creating a recycling-based society, and (3)Ensuring Harmony with Nature and Fostering Environmental Awareness.