Suppliers, B2B customers, unions and other keenly interested constituencies also each have their own reasons to be watching a company’s sustainability strategies: They may provide challenges or opportunities for those parties too.
Unilever CEO Paul Polman is learning that these days. He recently criticized “mindless consumption” even though his company makes only perishable CPGs. He said Unilever takes “responsibility from sustainable sourcing to sustainable living” and works with partners to foster “sustainable growth in its broadest sense: equality.”
Problem is, with global economies remaining sluggish and even cooling, the job-stunting aspects of corporate sustainability goals are falling into the crosshairs of unions. So Unilever was just blistered by a European labor group which claims that the company has “destroyed 70,000 jobs in Europe over the past 10 years” in large part because its corporate-sustainability strategy “has not brought the about-turn that was hoped for.”
So while Polman has been rhetorically focusing Unilever’s sustainability concerns on “over a billion people going to bed hungry,” its unions would rather the CEO first be concerned about thousands of its European employees going to bed jobless.
Unilever’s sustainability challenge is in keeping with the results of a new survey by the United Nations which showed that “while CEOs see a role for business in promoting sustainable development, their responsibilities to the more traditional fundamentals of business success, and to the expectations of markets and stakeholders, are preventing greater scale, speed and impact” from sustainability efforts.
In fact, the survey found, only 45 percent of CEOs surveyed worldwide believed that sustainability will be “very important” to the future success of their business, compared with 54 percent in the last survey carried out in 2010.
Read: https://online.wsj.com/news/articles/SB10001424052702304799404579154783041741944
Read: https://www.qsrmagazine.com/sustainability/sustainability-gap
Read: https://www.theguardian.com/sustainable-business/ceo-survey-corporate-sustainability-movement
For Bullen Ultrasonics president Tim Beatty, it’s not either-or when it comes to developing technology…
From memory, creativity and cognition gains to powerful stress relief, there’s a lot to like—medically—about…
Practical, do-able steps you can take to control one of the more menacing line items…
Executives who develop a clear point of view on AI, embed it into team operations…
With more than 20 years of executive experience in the food service industry, Penegor believes…
Like financial debt, conversational debt can feel manageable. But it often gets out of control…