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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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• 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