The rising global population and accelerated global development and resource use require that companies implement holistic approaches that achieve long-term social and environmental sustainability. Sustainable business models incorporate a triple bottom line approach and consider a wide range of stakeholder interests. They drive corporate innovation for sustainability and help embed sustainability into business purpose and processes. Companies that adopt this approach aspire to grow their businesses while also reducing their environmental footprints.
As one of the world’s leading manufacturers of quality food and beverages, with growers and production facilities around the globe, we understand the necessity of being good stewards of the environment. Reducing the resources we use and having an environmental management system in place help us to mitigate the impacts of climate change, better manage compliance, reduce costs and increase efficiencies. The risks of not doing these things can be detrimental to a manufacturing business and can impact profitability and reputation.
Our commitment to the environment is manifested through our sustainable business model strategies, which include understanding risks, setting goals and measuring progress against those goals. We make the biggest impact for our consumers, customers, employees and shareholders when we set and meet high goals as a business.
We take a precautionary approach to the environment by seeking to apply processes or practices with less environmental impact when possible. Our primary 2020 sustainability goal is to reduce our environmental footprint — defined as water and GHG emissions per tonne of food produced — by 50 percent. As we work toward this goal, we’ve integrated strategies throughout our global business operations to ensure the widest possible impact. Our supporting 2020 goals, which track back to Campbell’s FY2008 baseline, keep us continually focused on building sustainable business models. They include:
- Reducing energy use by 35 percent and sourcing 40 percent of our electricity from renewable or alternative energy sources;
- Recycling 95 percent of waste generated globally;
- Eliminating 100 million pounds of packaging from Campbell products; and
- Deriving 100 percent of our global packaging materials from sustainable sources (renewable, recyclable or recycled content).
We have also continued to strengthen our Environmental Management System (EMS) in order to measure performance, ensure compliance and integrate environmental programs into our global business operations. Our EMS includes a technology platform that is used to manage compliance issues and to help us manage and measure our progress against our goals.
Another key to a successful environmental sustainability strategy is to ensure that there is accountability across the entire business. This year, we evolved the way we drive sustainability strategy, performance measurement and results to clarify accountability and improve measurement and shared learning across the enterprise. We have created a Sustainability Steering Committee with key work streams and assigned leadership. This cross-functional Committee and network teams, which are co-led by the Vice President of Corporate Responsibility and Sustainability and the Vice President of Global Engineering include business leaders who are accountable for setting goals and managing progress against the goals in energy, water, waste, agriculture, packaging, procurement, transportation and contract manufacturing. The network teams are also responsible for evaluating and setting both long-term and annual performance.