corporate sustainability for the benefit of business and people presented by betsy hausler director,...

Corporate Sustainability

For the benefit of business and people

Presented by Betsy HauslerDirector, Analytical Services

Bureau VeritasConsumer Products Services

AAFA’s SCLC/PIC Joint Meeting

April 25-28, 2007Key Largo, FL

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Bureau Veritas Consumer Products Services

• What is Sustainability?

• “to keep up or keep going, as an action or process”

• What is Corporate Sustainability?

• a business approach that:

• creates long-term shareholder value

• by embracing opportunities and managing risks

• deriving from economic, environmental and social developments

• These are known as the ‘triple bottom line”

Introduction

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• The concept of sustainability originated in Europe

• it has achieved broad appeal, and has been rapidly being adopted by U.S.-based multinationals

• The US tipping point…

• Initially the focus was corporate financial responsibility as shareholder were concerned of destroy value

• Enron and WorldCom

• Sarbanes-Oxley

• codes of ethics, financial reporting and procedures and processes

• Evolution into Social and Environmental Responsibility and Reporting

• Move to Corporate Sustainability

Origin of Sustainability

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Introduction

• Over 50% of top executives surveyed identified “Risk to Reputation” as the single biggest risk facing their organizations today PricewaterhouseCoopers/EIC

Risk to Reputation = Cost, Brand Value, Declining Sales = Impacted Profits

A “For Profit” Solution

Managing Risk for The Triple Bottom Line

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• Governmental agencies and Non Governmental Organizations

• Traditionally been charged with carrying out sustainable development initiatives

• Both production and product

• New and updated regulations

• EPA, CPSC, FDA

• Industry pressure

• Driving Acts and Standards in the U.S.

• Consumer Product Safety Act -1972

• Protect the public against unreasonable risks of injury associated with consumer products

• Flame retardant ban for sleepwear products – Consumer product Safety Commission Policy Decision (4/77)

• Federal Hazardous Substances Act - 1960

• Determine whether a product requires labeling

• What labeling is required for specific products

• Products are banned under 16 C.F.R. Part 1500

General Compliance

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Driving Acts and Standards in the U.S.

• Clean Air Act - 1970

» Regulates air emissions

» Chloroflurocarbons - 40 CFR 82, Subpart E, Section 100

» Volatile Organic Compounds (VOC’s) – 40 CFR 59

• Clean Water Act - 1948

» Regulates pollutant into the water of the U.S.

• Toxic Substances Control Act - 1976

» EPA tracks 75,000 industrial chemicals produces or imported into the U.S.

• Safe Drinking Water and Toxic Enforcement Act of 1986 - >800 compounds listed to date

» Also known as California Proposition 65

» 25249.5. Prohibition On Contaminating Drinking Water With Chemicals Known to Cause Cancer or Reproductive Toxicity

» 25249.6. Required Warning Before Exposure To Chemicals Known to Cause Cancer Or Reproductive Toxicity

General Compliance

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Corporate Strategy

• Corporate Sustainability Efforts• Many forms based on company strategy and competitive marketplace

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Summary

CORPORATE SUSTAINABILITY

A fundamental change to the way we think about our business

A “For Profit” Solution

• Currently each of your companies have a sustainability initiatives• Environmental policies?

• Municipal water discharges and air emissions

• Social policies?• Child Labor, Work Hours, Work Conditions, Heath and Safety

• Each of these initiatives • Offset Risk

• Manage Cost

• Enhance Brand Image

• Impact Profits

corporate sustainability for the benefit of business and people presented by betsy hausler director,...

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