End poverty in all its forms everywhere The programs including Computer Institute, Industrial Training Centre, Vocational Training Centre etc SDG 2 End hunger, achieve food security and improved nutrition and promote sustainable agriculture FFC Agri Service which is for capacity building of farmers for high yield and less input resources is a prime action towards food security Nationally and Internationally SDG 3 Ensure healthy lives and promote well-being for all at all ages Our fully functional two medical centers including SWH and HBT are extending healthy lives and treatment to the underprivileged, approximately 80, people annually. Additionally, medical support program, aid to health facilities and medical camps are all geared for this reason. Also, solarization of 3 villages, community school and colleges is also evident of our stress toward green energy. SDG 8 Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all As one of the best employer, FFC guarantees equal opportunity to all irrespective of gender and with specific emphasis on women coming forward SDG 9 Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation We believe in adopting and implementing best technology to make its operations and environmental foot prints as minimal.
Gaining a holistic view of product life cycles offers potential for innovation. In the last 20 years, life-cycle assessment LCA has grown from the academic exercise I learned as a grad student to an accepted decision making tool Company sustainability analysis sustainability management.
A large number of companies, from Apple to Unilever, employ LCAs in their sustainability work, often at substantial expense. LCAs are data intensive, requiring a team of diverse professionals working collaboratively across organizational functions. Given the effort and cost involved, what are the strategic benefits of LCA — and should you be employing them?
These comparisons can be made with existing products, or they can be made with future innovations still on the drawing board. This then forms the basis for prioritizing performance improvement investments.
Alternatively, LCAs identify hotspots in manufacturing processes, as in the microchip industry, where LCA fingered toxic solvents in chip production as a major impact and led to cleaner substitutes like lemon juice.
Customers today routinely request the sustainability performance information that LCAs can provide. Documenting marketing claims in this way builds customer trust and avoids charges of greenwashing. Relative environmental performance advantages can be found at any point in the life cycle and provide opportunities to accentuate sustainable attributes of your product line.
But documenting the current state of affairs is of limited long-term value. Sustainability is ultimately about innovating new and better products that meet customer needs but also align with resource limitations.
It can be used to evaluate the sustainability implications of new products on the design table or, better yet, direct product development teams to new sustainable solutions not yet in the market.
When used as an additional product development tool, LCA can be used as part of an interative stage-gate process to evaluate the environmental implication of design choices at each step of the development. Product modifications, such as new material choices, can be screened not just for immediate environmental impacts but impacts further down the life cycle — say, in the customer use phase or end-of-life.
Levi Strauss used this approach when developing its Dockers WellThread line of clothing and through careful design choices improved manufacturing, use, and end-of-life performance of its clothing. And if LCA results are disappointing, they can help reduce cost by terminating unsustainable projects at early stage.
Beyond individual product efforts, LCAs can be powerful if they drive a holistic perspective of the entire product system.
This can foster both cross-functional collaboration inside the company and cross-organizational collaboration among company suppliers and customers. Many times, the LCAs identify the biggest hotspots to lie beyond the facility gates.
When they lie upstream with suppliers, improving performance may mean rethinking sourcing decisions. SC Johnson, for example, uses screening approaches to identify toxic materials in the inputs it purchases from suppliers and works to find more environmentally responsible substitutes.
On the other hand, the biggest improvements may lie with our customers. The chemical giant SABICfor example, uses LCA to develop products that solve customer sustainability issues in industries from packaging to automobiles. This consortium of companies, NGOs, and academics is set on driving sustainability through the consumer products universe by making sustainability performance more transparent and by setting science-based standards.
LCA is an important tool in this process and is being applied across industries. This story is playing out over time in all industries. As the sustainability expertise fostered by practices like LCA diffuses through industries and sustainability standards emerge, strategic opportunities for action are foreclosed.
Are you being left out?The BMW Group Sustainable Value Report (SVR) provides stakeholders with comprehensive information about the company´s sustainability strategy and the progress made in integrating sustainability into its corporate processes.
Small Business Strategies for Company Profitability and Sustainability by Denise L. Gandy MBA, Northcentral University, BS, Radford University, stages of data analysis: seasonality of the business, passion and dedication of the small business owner, and hiring the right employees.
The findings from this study may. From protecting the environment to keeping our workplace clean, safe, and enjoyable, Hankook Tire takes the topic of sustainability seriously.
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