Doing Well by Doing Good Novozymes Head of Sustainability Explains How and Why
One of the corporate sustainability journeys that we point out in our conversations with corporate managers is Novozymes, the Danish biotech company. The “do well by doing good” global business enterprise has an interesting history and a rich legacy of addressing societal challenges. Today, Novozymes leverages its technologies to address “challenges and solutions” in various industries and sectors (including energy, agriculture, pharma products, chemicals, and more). The company’s head of sustainability -- Claus Stig Pedersen -- authored an interesting commentary on the Huffington Post platform: “Business as a Force For Good.” It’s a solid read for company managers whose firm is embarked on the sustainability journey, and especially for those managers working to assemble the resources to begin the journey. When the UN Sustainable Development Goals (SDGs) were in draft form and nearing completion, the Novozymes team was already adopting certain of the goals and applying them to the business model. Author Pedersen notes in his commentary: “With all the global challenges today, we need more companies to rethink tomorrow. How can they better drive their business using the new SDGs as a guide? What impacts will this have on society and their bottom line? His answer: Look at the sweet spot where people, planet and profit interconnect and deliver solutions for better lives in a growing world. In 2014, Novozymes used the draft goals (there are 17 in all with 169 targets) as inspiration when developing its new long-term strategy and company purpose. You can check out highlights of the Novozymes approach online. And be sure to read the head of sustainability’s comments in our Top Story. The G&A Institute team is working with corporate clients to help the executive team and managers understand the critical nature of the UN Sustainable Development Goals and to adopt selective SDGs that fit the company’s mission as important and integral elements of the corporate sustainability (or responsibility or citizenship) efforts. G&A EVP Lou Coppola is working with the Global Sourcing Council to educate and inform supply chain managers of the importance of the SDGs (in the global supply network) – let him know if you would like more information on that effort Top Story Business-Driven Sustainability Will Change the World
(Thursday - June 02, 2016)
Source: Huff Post - With more than 80% of S&P 500 companies now issuing a corporate social responsibility (CSR) or sustainability report (according to the Governance & Accountability Institute), sustainability is becoming business mainstream. Sustainability in Focus SGX launches sustainability indices
(Tuesday - May 31, 2016)
Source: The Straits Times - The four new indices include the flagship SGX Sustainability Leaders Index, comprising listed firms that are considered to be "clear frontrunners in environmental, social and governance standards" when compared with their peers.
UN Resolutions passed on Sustainability Agenda and Paris Climate Agreement
(Tuesday - May 31, 2016)
Source: ETN News - The world's environment ministers, gathered at the second session of the United Nations Environment Assembly (UNEA-2) in Nairobi on late Friday, passed far reaching decisions on issues such as marine litter, the illegal trade in... Are ingredients derived from food wastes the ultimate sustainability advance'
(Tuesday - May 31, 2016) Associated Profiles : Food and Agriculture Organization of the United Nations
Source: Premium Beauty News - About a third of food produced for human consumption is lost or wasted in the supply chain indicate Food and Agriculture Organization of the United Nations estimates. With food companies and retailers under... Like to get more bang for your sustainability-boosting buck? Here's how.
(Wednesday - June 01, 2016)
Source: Phys.org - Now, researchers at the University of Minnesota and University of Michigan have developed a method for assessing and comparing the various costs and benefits of green products—making it possible for purchasers to get the most... Large-Growth Medalists at the Extremes of Sustainability
(Wednesday - June 01, 2016)
Source: Morningstar - The Morningstar Sustainability Rating for Funds is designed as a tool for investors who are interested in sustainability, in addition to more-traditional investment criteria. The rating, which we rolled out in March, measures... Avison Young takes steps to integrate sustainability into its services
(Wednesday - June 01, 2016)
Source: PR Newswire - The Avison Young 2015 Global Citizenship Report, released today, shows that we have made progress in the journey to support our clients' sustainability and corporate social responsibility objectives," comments Rose. "Global...
Opinon: Making sustainability a consideration in trade
(Wednesday - June 01, 2016)
Source: Agri Pulse - The three pillars of agricultural sustainability include environmental, economic and social impacts. We've done a good job of calculating environmental impacts with life cycle analyses and other measures. Increasingly, we are...
Consumers want to know: What does sustainability really mean?
(Thursday - June 02, 2016)
Source: GreenBiz - Consumers are also confused when they see and hear corporate sustainability communications that are generic and uncompelling, or misleading and incomplete. Is Competition Between Sustainability Reporting Standards Healthy?
(Thursday - June 02, 2016)
Source: Triple Pundit - Competition in well-functioning markets tends to increase product innovation and quality and lower prices. But is this the case in the market for sustainability information? ESG Issues & Players Shareholders and public entitled to full disclosure on climate change issues
(Thursday - June 02, 2016) Associated Profiles : Institutional Investors Group on Climate Change (IIGCC)
Source: Financial Times - Sir, I was surprised to read your editorial Climate change sceptics must be able to speak out (April 25) concluding that the investigations of various US attorneys-general into the conduct of Exxon will degrade... Extreme weather increasing level of toxins in food, scientists warn
(Wednesday - June 01, 2016)
Source: Reuters - A new report by the United Nations Environment Programme (UNEP) says that crops such as wheat and maize are generating more potential toxins as a reaction to protect themselves from extreme weather... Is the future of business a company without workers, managers, or a CEO?
(Wednesday - June 01, 2016)
Source: Quartz - These days, it’s hardly surprising to hear that a hot new startup has received gobs of money from eager investors. But a new company called the DAO (short for “decentralized autonomous organization”) is not your average startup. Harvard Scientist Engineers Bacterium That Inhales CO2, Produces Energy
(Tuesday - May 31, 2016)
Source: Forbes - The chemist who gave us the artificial leaf has genetically engineered bacteria to absorb hydrogen and carbon dioxide and convert them into alcohol fuel. Asset Managers, US Pension Funds,
Sovereign Wealth Funds Opinion: Why socially responsible investing is financially irresponsible
(Thursday - June 02, 2016)
Source: Market Watch - Wall Street loves its fads. And if you’re looking for hot trends touted by money managers right now, it’s hard to find one more buzzworthy than “socially responsible investing.” Malaysia's finance ministry appoints new 1MDB board of directors
(Tuesday - May 31, 2016) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: CNBC - Malaysia's finance ministry announced on Tuesday a new board of directors for scandal-hit 1Malaysia Development Berhad (1MDB), after the previous board was dissolved... Watching the Watchers  Global Sourcing Council
Headquarters: New York, NY
Established: 2007
ESG/Sustainability Focus: Yes, focused on sustainability and global sourcing
OVERVIEW/MISSION
The Global Sourcing Council states that its mission is to "…promote an exchange of ideas and information among businesses, trade organizations, government agencies, non-profit organizations, and academia; to discuss and define practices in global sourcing; and to encourage progressive economic growth leading to increased trade, investment and social good, all with an aim to increase knowledge, deepen trade relations and broaden commercial and cultural ties among nations."
BACKGROUND
GSC was founded in 2007 and focuses largely on creating opportunities to discuss global sourcing and sustainability.
STRUCTURE
GSC calls itself a "voluntary, public-private initiative."
METHODOLOGIES / OPERATIONS
According to its charter, GSC's work encompasses several elements:
Offering an open forum for discussing "social, economic and political effects of global sourcing arrangements." The openness and collaborative aspects of GSC's activity enables it to draw diverse discussants from around the world and develop ideas about best practices. GSC hosts speakers, conferences, and Webinars, and makes annual 3S Awards, recognizing sustainable and socially responsible sourcing.
Engaging multinational companies "to establish strategic, harmonized outsourcing relationships with the various countries' trade organizations."
Publishing newsletters and disseminating other information about global sourcing. GSC maintains an online Knowledge Center with links to publications about sourcing and related issues.
GSC also plans to offer a certification program aiming to "provide tools for implementing principle of socially responsible sourcing (SRS) and to bring social responsibility into the core of outsourcing profession." News Sweeps | 
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