Corporate sustainability has become a big issue lately, with large
companies trying to balance their need for constant growth and expansion with
the need to account for environmental concerns and sustainability. It seems like every day I see a press release
from yet another company announcing that it will begin disclosing its
greenhouse gas emissions, or commit to using recycled materials. Even Walmart
has a list of long-term goals that includes getting 100% of its energy supply
from renewable sources, and creating zero waste. Both of these seem a long way off, but it
still surprises me that Walmart is
considering these issues. Why is this
happening now? What caused the shift?
Does Walmart see growth
slowing in the future due to market saturation or a slowing of population
growth? Maybe this is an attempt to
influence Wall Street and shift expectations---from future growth targets that
they know they can’t match---to sustainability.
Or do they actually really care about the environment?
Gerd Leonhard has a different
take: he believes that the “sharing economy” (i.e., airbnb and Zipcar) will soon extend into
collaborative consumption of energy sources as well, and that the shift from a
competition-based economy to a collaboration-based economy, one that rewards
sustainability, will occur within the next five years. That seems like an optimistic estimate to me
but hey, I’m not a futurist.
A fascinating video that touches on a number of other topics as well,
take a look:
great info! thanks for sharing
ReplyDeleteIn response to the questions you bring up...
ReplyDeleteDoes Walmart see growth slowing in the future due to market saturation or a slowing of population growth? Maybe this is an attempt to influence Wall Street and shift expectations---from future growth targets that they know they can’t match---to sustainability. Or do they actually really care about the environment?
I think it's hard to say. I don't think that Walmart is really into the green aspect of it because they actually care about the environment. I think a lot of it has to do with tax breaks and trying to save money down the road when the government decides to mandate more environmentally friendly policies.
Despite their motives, if Walmart is doing it, I think it sets a good example. It's time for the US to catch up on why green technology is important!