Environmental Services — July 28, 2010

BSR Report Reveals Business Opportunities in Tackling Sustainable Consumption


SAN FRANCISCO, July 28 /CNW/ -- BSR's latest report examines the newest frontier of sustainability, outlining the opportunities for companies to deliver value to customers, society, and the planet by promoting sustainable consumption--an economic and social system that allows all individuals to meet their basic needs without disrupting the planet's healthy ecosystems.

"For years, sustainable consumption has been framed as a limitation on business," said BSR President and CEO Aron Cramer, who recently led a workshop on the subject in New York with BSR member companies from the agriculture, apparel, food, retail, personal care, and beauty sectors. "But in a world where our consumption patterns outpace the planet's ability to regenerate resources by 30 percent, businesses that figure out how to deliver enhanced value by radically reducing material inputs and engaging consumers on product use will be well-positioned for success."

BSR's report, "The New Frontier in Sustainability: The Business Opportunity in Tackling Sustainable Consumption," moves beyond "first generation" sustainability efforts focused on sourcing of materials, processing and assembly, and distribution, and identifies opportunities for companies to tackle sustainable consumption through three key parts of the business value cycle:

    --  Product design: Design choices about things like material weight and
        packaging have direct impacts on transportation costs and fuel use,
        while choices about energy efficiency directly impact energy
        consumption in a product's use phase. In some cases, a focus on
        sustainable consumption may result in the radical redesign of familiar
        products, and in other cases, there may be an opportunity to deliver
        the same value through services (such as car-sharing) rather than
        products (such as car sales).
    --  Consumer engagement and use: Consumers may be in the driver's seat
when
        it comes to choices about products and use, but companies can give
        consumers the keys to more sustainable behavior by embedding
        sustainable options into products and giving consumers simple,
        accessible information about how to use their products in a more
        sustainable manner.
    --  End-of-use: Companies are setting targets to eliminate all waste from
        products' end-of-life. This focus allows business to incorporate waste
        prevention into the design phase of products. Some companies are
        drawing inspiration from nature by implementing "closed-loop systems"
        that mirror the natural life cycles of living plant cells.

Highlighting leaders in sustainable consumption such as Best Buy, which is investing in ways to help consumers manage their home energy and water use; GoodGuide, which provides consumers with information on the health, environmental, and social impacts of everyday products; and the Danish city Kalundborg, which has created an "industrial ecosystem" in which a dozen industries cooperate in reusing "waste" from neighboring facilities, BSR's report emphasizes the many opportunities for companies to innovate in the name of sustainability.

"Sustainability can and should be thought of as a way to create opportunities and become a substantial source of competitive advantage, not solely as a way to mitigate risk," said Cramer. "When it comes to sustainable consumption, the transformation imperative is clear: If more businesses adopt the principles of sustainable consumption, we have the potential to increase global prosperity while avoiding the depletion of our natural resources and still preserving the ecosystems that underpin our lives."

BSR will be discussing this topic at several workshops for members, with the next event taking place in London in September. To read BSR Research & Innovation Manager Linda Hwang's article on sustainable consumption, visit www.bsr.org/membership/members-only/insight-articles/20100713_bsr_insight_53744. pdf. Access the full report at www.bsr.org/reports/BSR_New_Frontier_Sustainability.pdf.

Business people interested in learning more about BSR's work on sustainable consumption should contact Virginia Terry at vterry@bsr.org.

    About BSR

A leader in corporate responsibility since 1992, BSR works with its global network of more than 250 member companies to develop sustainable business strategies and solutions through consulting, research, and cross-sector collaboration. With offices in Asia, Europe, and North America, BSR uses its expertise in the environment, human rights, economic development, and governance and accountability to guide global companies toward creating a just and sustainable world. Visit www.bsr.org for more information.

CONTACT: Eva Dienel, Communications Manager, BSR, +1-415-984 3233, edienel@bsr.org




For further information: Eva Dienel, Communications Manager, BSR, +1-415-984 3233, edienel@bsr.org Web Site: http://www.bsr.org

Print | Email

Latest Industry Press Releases

Updated 18:03 MDT, September 6, 2010  

Construction/Building

TREB Commercial REALTORS(R) Report Monthly Commercial Figures (2010-09-03)

GTA REALTORS(R) Report Monthly Resale Housing Figures (2010-09-03)

BELFOR Prepared for Hurricane Earl (2010-09-03)

Leisure Canada Commends Cuban Golf Course Initiative (2010-09-02)

CanWel Building Materials Announces Appointment (2010-09-02)

GENIVAR Income Fund Acquires Pryde Schropp McComb Inc., an engineering firm specializing in the aviation industry (2010-09-02)

Aecon awarded $33 million MTO contract to expand Highway 11 (2010-09-02)

Pryde Schropp McComb, Inc. Acquired by GENIVAR Income Fund - Local organization joins leading Canadian engineering firm (2010-09-02)

Kruse Energy and Equipment Auctioneers Hosts a Precedent-Setting Auction of a 'Portable Casino' in Scottsdale, Arizona with 2 Sprung 'Tents' and all Related Equipment (2010-09-01)

Lakeside Steel Breaks Ground on New Manufacturing Facility in Alabama (2010-09-01)

Winalta Inc. announces fourth extension of CCAA protection until September 7, 2010 (2010-09-01)

PFB Corporation Announces Normal Course Issuer Bid (2010-09-01)

Empire Industries Announces Proposed Private Placement, Stock Option Grants (2010-09-01)

Retrocom Mid-Market REIT Announces $11 Million Investment in Lincoln Value Centre, St. Catharines, Ontario (2010-08-31)

ADF GROUP INC. invites you to participate in a conference call on the RESULTS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF FISCAL 2011 (2010-08-31)

Stantec Increases Credit Facility to C$350 Million and Extends Maturity Date to August 2013 (2010-08-31)

Bird Construction Income Fund Announces $82 million contract with the Regional Municipality of Wood Buffalo for water treatment plant upgrade (2010-08-31)

Large JJM Construction Ltd. consignment in next Ritchie Bros. Chilliwack auction (2010-08-30)

RioCan REIT Announces $124.5 Million Public Offering of Trust Units (2010-08-30)

Empire Industries Reports 2010 Second Quarter Results, Appointment of Independent Board Chair (2010-08-30)

Honore-Mercier Bridge: Ceremony of inauguration for the opening of the Ramp Nº3 in direction of Châteauguay on 31 August 2010 (2010-08-30)

Genesis Worldwide Inc. provides update on the proposed $675,000 brokered private placement of common shares and warrants (2010-08-30)

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 205 projects with a total value of $6,038,717,913 that Reed Construction Data Building Reports reported on yesterday.

BRIDGE & ROADWORK

$1,000,000,000 Greater Vancouver RD BC Prebid

OIL PRODUCTION PLANT

$987,000,000 Wood Buffalo AB CANCELLED/ DEFERRED

CONDOMINIUM APARTMENT DEVELOPMENT

$50,000,000 Surrey BC Prebid

Daily Top 10

CURRENT STORIES