Is Big Business Slowly Turning Green?

By Jim • Sep 12th, 2008 • Category: Latest Green News

Speaking at a Tokyo seminar, Coca-Cola Chairman Neville Isdell said consumers are looking to companies, not government, to solve issues like pollution, climate change and water and food shortages. Supporting sustainability is now crucial for business profitability, Isdell said, according to The Japan Times.

Jason Gissing, co-founder and CFO of online supermarket Ocado , which delivers groceries to customers’ homes, gave a different view to The Times Online, saying that government needs to create an environmental framework for businesses to work within, outlining the important issues businesses should focus on.

In their discussions, though, both business leaders acknowledged the changing business climate that is making sustainability a core issue in almost all companies.

Isdell argued that businesses need to be worried about the sustainability of the communities in which they are operating, and to stay profitable they need to take up and expand sustainability efforts. However, he said, businesses need to choose strategic, not personal or pet project, issues and provide continual support.

“If we’re only doing them because they are nice, they should be cut in the first place,” he said, pointing out that shareholders and boards will give little support to sustainability efforts that are irrelevant to a company’s operations. As an example, Coca-Cola, which consumes large amounts of water in making its products, is working to provide access to public drinking water in areas it operates by reducing its own water use, recycling water used in manufacturing and harvesting rainwater.

Gissing, though, said the impetus should be on government to tackle the large social responsibility and regulation issues, giving businesses a jumping off point for what issues to focus on. Although he said the ongoing debates on plastic bags use are good because they bring up the issue of individual impact, he said discussions on things like plastic bags can detract from debates on other issues like electricity and nuclear energy.

Read Full Story Here



Tagged as: , ,

Jim is a full time video games journalist/geek, and the recent birth of his son has made him rethink his entire attitude regarding the environment and the future of the planet. Jim is MYG's resident news hound, so if you have a story please drop him an email.
Email this author | All posts by Jim

Leave a Reply