Paige Haley MGMT 326 Research Paper The purpose of this paper is to compare the sustainability practices of two companies in the same industry. The two companies chosen for comparison are The Hershey Company and Coca-Cola Enterprises, both of which are in the consumer staples industry. These two corporations are ranked sixth and eighth, respectively, on the Newsweek Top Green Companies in the U.S 2015. They have taken pride in creating sustainable product designs, having environmentally sustainable processes and supply chain management. Both of these companies are committed to improving their operations and making them more environmentally sustainable. In 2013, The Hershey Company decided to source one hundred percent traceable and responsible palm …show more content…
They have partnered with Feeding America to provide nutritious food to kids out of school hours, so every child can focus on learning, playing, socializing, and meeting their full potential ("HERSHEY'S Shared Goodness”). Some of the ways they are assisting the children is by providing school backpack programs, Kids Cafe programming, and they have employees who are volunteering at local food banks. Other companies can learn a lot about environmentally sustainable operations from Hershey and Coca-Cola. By implementing better and more sustainable product designs and packaging, companies can reduce their economic footprint. Following in Coca-Cola’s footsteps by creating plastic bottles using plants as a main part in production, is an excellent way to improve on environmentally friendly product design. A huge part of how the Hershey Company is considered such a green company is their numerous facilities that contribute zero waste to landfills. Other organizations would be smart to follow this path set out by Hershey, as it drastically decreases the impact their production has on the
The court ruled that Feather River Anesthesia Medical Group has breached its oral employment and awarded him.
The global component of The Hershey Company’s supply chain is something that requires mention. The relationships that Hershey has developed in nations such as Africa are good not only for Hershey but also the countries themselves. It allows very poor nations to be able to offer steady employment and a future to many people. And since cocoa can only be grown within three degrees from the equator, the relationships developed are important for Hershey’s survival. Hershey is always looking to ensure the best relationships with companies that are as environmentally sound. It is hard to know how they have done it, but they have developed relationships that are good for the planet too. “Those kind of efforts have landed The Hershey Co. on the Dow Jones Sustainability World Index and North American index, as well as being recognized in 2013 at No. 98 by Corporate Responsibility Magazine in its annual list of the top 100 corporate citizens (Sadowski)”.
In food service it is important to realize and address hot button issues within the industry to begin to understand what the target market wants, increase revenue and decrease cost centers. In researching the increasingly pressing issue of food sustainability in global food service it was discovered that implementations are initially expensive and require large amounts of dedication but are ultimately huge factors in increasing brand loyalty and recognition and gaining popularity within the “green” market segment. It was the goal of this paper to outline specific concerns posed by the issue of food sustainability as well as methods of the industry’s participation in its solutions and to analyze the progress made to increase awareness of
Hershey’s company originated with candy-manufacturer Milton Hershey’s decision in 1894 to produce sweet chocolate as a coating for his caramels. Located in Lancaster, Pennsylvania, the new enterprise was named the Hershey Chocolate Company. In 1900, the company began producing milk chocolate in bars, wafers and other shapes. With mass production, Hershey was able to lower the per-unit cost and make milk chocolate, once a luxury item for the wealthy, affordable to all.
This incorporates producing their own energy at our stores and offices, lessening GHG discharges and making their private trucks more proficient. Because of developing customer interest for earth mindful items, Walmart started a Sustainable Product Index program in mid-2009 with the objective of looking at its supply chains and making a file that will rank items on different measures of ecological effect. An introductory supplier evaluation has been finished and a Sustainability Index Consortium is presently at work constructing the devices and social event the information important to make a last item level sustainability file. Whenever complete, such a list will permit customers and makers to effectively pick from the items and production methods, separately, that outcome in less effects to the earth.
In other efforts to be environmentally conscience, PepsiCo has reduced the packaging weight of their products by more than three hundred fifty million pounds, which exceeded their goal by more than twenty percent. In addition, PepsiCo has recycled approximately ninety-one percent of the waste, allowing less than nine percent to be sent to landfills. In some of the company facilities around the world as little as one percent of waste is sent to the landfills. Recycling of packaging is another commitment of PepsiCo. This commitment is being accomplished by using materials that are compatible with readily accessible recycling systems. (Environmental Sustainability)
In 2014, Coco-Cola put a plan in action to introduce the idea to the world that they would become a part of the private partnership that would support more recycling of their products. The goal was to create curbside recycling, and education support as well on the benefits of doing that. Coco-Cola also replaced some of their signature formulae with ingredients from plants. Once again their company implanted the changes while working on creating a bottle made from plants. They are currently working on a product that can help with climate change. The bottle was a success and the first footprints towards becoming more conscious of their environment.
Walmart constantly initiates sustainability initiatives which postively affects the customer’s environmental behaviors, employees and its suppliers. It also promotes sustainablity to its employees by initiating ‘personal sustainability project’ (PSP) where employees are committed to responsible acts in front of their coworkers like from quitting smoking to replacing their lighting system at their house with energy saving bulbs. Because Walmart operates under very stringent environmentally focused practices they also enforce many laws to its suppliers to examine the carbon life cycle of their products and change the way they manufacture, package and transport the goods. This strategy saves Walmort extra costs which in turn reduce costs on the poducts they sell and which adversely can save customers money. This creates a win-win scenario for both Walmart and its
Walmart has initiated its sustainability efforts aimed towards hundred percent renewable energy, zero waste and product sustainability. The company has successfully identified its pain points and already achieved success in achieving quick internal process improvements. The company also envisioned and established broader strategy to make sustainability a core of its operations and business model. In my role as the leader of the global sustainability effort, I will identify untapped potential of the sustainability initiative and
It was founded in 1894 by Milton S Hershey as a subsidiary to the Lancaster Caramel Company. Hershey’s products are sold in more than sixty countries across the world within the confectionary market. Its main competitor is Mars, Inc. (Mars) (MarketLine 2013)
Presently, indications are that it will become even more critical to company strategy and operations in the coming years. The experiences of management of companies leading in the field of sustainability provide a number of insightful lessons for other managers embarking on a move towards sustainable practices:
The analysis will focus on some key aspects such as; the overall plan, products/services sustainability, human resource relations, customer’s relations, environmental concerns, and the company social responsibility to the company. Descriptive analysis will help appraise of the company’s sustainability strategy. The critical analysis of the company’s sustainability will help in coming up with conclusions about sustainability of the strategy, and give insights on how the company can improve its sustainability strategy. There are also various recommendations based on these conclusions (Heslin and Ochoa 2008).
This report shows data on consumer behaviour as primary research and secondary data from literature about sustainability, sustainable business practices and consumer behaviour towards sustainable produced goods. The terms sustainability and sustainable business practices will be examined in more detail. Data gathered from primary research
Environmental sustainability for example is a growing concern and businesses have been identified as a top contributor to the problems of increasing pollution. It has been estimated that “Just 100 companies have been the source of more than 70% of the world’s greenhouse gas emissions since 1988”3. Although businesses are largely responsible for this there are also many solutions that businesses can provide. For example, business can modify products and the packaging/manufacturing of these items to use fewer materials, thus creating less waste. A key example of this is Unilever’s “new product design that has cut the carbon footprint of an aerosol spray by 25% per can”4. By doing this, Unilever is helping to reduce the
There is an increasing focus towards business sustainability in the present times. Companies are expected to operate in a manner that they do not harm the environment or impact stakeholders in negatively (Daft, 2008). Unethical and unsustainable practices are condemned with stakeholders particularly the consumers, governments and pressure groups openly pressurizing companies to change their practices and accept responsibility for their actions (Ferrell, Fraedrich & Ferrell, 2011). For multinational corporations, attaining sustainability within their supply chains is important. Even though supply chain sustainability is an emerging concept, large corporations are showing interest towards developing sustainable supply chain.