Green Initiatives & SustainabilityMore and more, consumers demonstrate their concern for the environment with every purchasing decision they make. We have come a very long way indeed since Rachel Carson first brought the subject of environmental protection to the attention of the general public in 1962, with the publication of her book – Silent Spring. It took a further 8 years before the US government created the Environmental Protection Agency and another twenty-two years before the first practical guidance on best practice for manufacturers was published in June 1992. British Standard BS 7750 was the first Environmental Management System (EMS) and in September 1996 the International Standards Organisation published the ISO 14001 standard.
Today, sustainability is simply good business practice and it is no longer optional. Most large corporations now have sustainability values and targets included as integral elements of mission and strategy – both for their own operations and those of their suppliers. This topic has become increasingly important for manufacturers with the widespread focus on “good governance” and risk analysis over the last 5-10 years. Sustainability is also increasingly important for investors concerned about ethical investment. Companies that sell solutions and services to manufacturing enterprises need to understand both board room implications of both the regulatory compliance and the shareholder value aspects of this topic.
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