Corporate Environmental Sustainability Strategy: Key Elements

Building Greater Sustainability in Supply Chains

“…Indeed, companies often engage with third‐party organizations to assist them in advancing sustainability strategies in mutually beneficial ways (Kashmanian, Wells, & Keenan, ). Exhibit includes examples of a number of third‐party organizations that play key roles in developing more sustainable supply chains through the use of a variety of means, including: Benchmarking supplier codes of conduct across companies, Developing sector‐based or comparable common supplier codes of conduct and/or other sustainability initiatives, Conducting supplier audits or assessments, Providing mutual recognition of participating company supplier codes of conduct and supplier audit or assessment reports, Sharing supplier audit or monitoring reports and supplier assessments with companies that have contracts with common suppliers to reduce audit fatigue, Mapping out supply chains and increasing traceability of supplies, Measuring supplier sustainability performance, and Certifying supplier performance or products.…”

Company Engagement in Community-Based Water Resource Projects: Improving Water Security

“…As companies move along their path toward greater sustainability, they move along stages of complying with regulations, to performing better than the regulations require, to focusing on efforts beyond their fence lines (e.g., working with suppliers, customers, communities), and to focusing on efforts beyond their footprint (e.g., being restorative and having an overall positive impact on the environment) (Kashmanian, Wells, & Keenan, ). Along such a path are other connecting or parallel paths that have their own stages for advancement (Kashmanian, ).…”

Supply Chain Sustainability: Compliance‐ and Performance‐Based Tools

“…Further along its path, the company may determine how sustainability practices could affect its revenues. This realization further affects its overall business strategy (e.g., Kashmanian, Wells, & Keenan, ).…”