business

Unilever’s Sustainability Strategy Saves Costs, Environment

- Adam Clare

Unilever is a massive corporation that owns a ton of brands from Q-Tips to Ben Jerry’s Ice Cream. They have recently pushed for more efficiency and sustainability across all their brands and have found that their environment-saving approach has saved money.

The company’s sustainability director for manufacturing, John Maguire, echoed the sentiment that sustainability can be a force for cost-saving, as opposed to an added new cost. He said in a statement: “Eco-efficiency isn’t just about reducing the environmental footprint it also makes good business sense … Since 2008 our eco-efficiency programmes have avoided more than €300m of costs–almost €100m in energy; €186m in materials; €17m in water; and €10m in waste disposal. The benefits are very clear in a world where energy prices are increasing.”

Read more.

Start-ups Founded by Women on the Rise

- Adam Clare 1 Comment

The tech industry is filled with men and a near-machismo culture that can be intimidating to both men and women. Fortunately inroads have been made by women into the tech world and are creating quite the splash.

The emergence of young female tech founders and executives reflects sweeping change in the worlds of start-up companies and angel funding, where wealthy investors give money in return for a stake in a company. It underscores the enormous purchasing prowess of women online that is transforming the Web economy. As more consumers reach for their smartphones and tablets to shop and communicate, there is a pressing need for commerce sites that cater to women, who control 70% of online purchases worldwide, according to Lisa Stone, CEO of BlogHer, a digital media company.
Many of these inroads are being made by female-led start-ups that are fueling innovation and the digital economy. Women will influence the purchase of $15 trillion in goods by 2014, according to Boston Consulting Group.

Read more at USA Today.

Thanks to Jen!

Going Green to Bring in the Green.

- Dan Harrison

A Cambridge, Ontario metal fabrication company, VeriForm, has become an ecological leader in a field notorious for neglecting the effects of their business and product on the environment. A capital investment of $78000 has allowed VeriForm to implement many small changes (i.e. a centralized programmable thermostat, high-efficiency lighting systems, etc.) which saves the company $120000 annually!

The eco-changes shrank VeriForm’s greenhouse gas emissions to 126 tonnes in 2009, down from 234 tonnes in 2006. That figure is even more impressive given that in 2009 the company’s sales were 28 per cent higher and the plant’s physical size was 145 per cent larger than in 2006.

The inspiration for going green was altruistic. “We were just trying to reduce our carbon footprint,” Mr. Rak says. But the financial rewards quickly became evident “once we started doing spreadsheets and payback analysis,” the 46-year-old says.

This is great proof that, contrary to popular belief, going green doesn’t mean losing money – VeriForm has shown that making smart upgrades that benefit the planet can also benefit profits.

Read the rest of the article at The Globe and Mail.

Winning Over Winnipeg Workers

- Adam Clare

Here’s an inspiring piece of one entrepreneur in Winnipeg who saw a labour shortage and a surplus of people and put the two together. He, with the help of the government, created a program to train unemployed and young Canadian First Nation people to be able to work at his company. That might not sound extraordinary, but apparently this went against convention and shocked a lot of others in the field.

During a labour crunch four years ago, Mr. Saulnier felt the familiar pressure to hire workers from abroad. Some tycoons in the industrial construction business even took him aside and told him he could only win bids on massive infrastructure jobs if he had a large and secure labour pool. And the only way to assure that – at least as conventional thinking goes – was to launch an overseas recruitment program.

But Mr. Saulnier isn’t exactly conventional. He saw an untapped source of labour much closer to home.

“I grew up in a small Northern Ontario town where I was surrounded by first nations communities, where there were very good men and women who are just wishing for a job,” he explained in an interview. “Against the advice of business advisers and industry colleagues, we decided to seek them out.”

Keep reading at the Globe and Mail.

Thanks to Greg!

Bangladesh Bans Business Suits

- Adam Clare 1 Comment

Bangladesh has decided to change their dress code to reflect their local climate and save energy. By dressing for the weather it is expected that the country will consume less energy by using air conditioners. Wouldn’t it be grand if people dressed for the weather?

Read all about at the BBC.

Bangladesh’s official dress code has been rewritten – after Sheikh Hasina ordered government employees to do more to ease the country’s energy shortage.
Even ministers now will no longer be expected to wear suits and ties.
During the hot months between March and November, men have been ordered to wear trousers and shirts instead, and these do not have to be tucked in any more.
Officials and ministers have also been told not to turn their air-conditioners below 24C.
In June, the government introduced daylight saving, and the clocks moved forward by one hour, in another attempt to cut energy consumption.

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