English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Multinationals launch "Net Positive" initiative

LONDON: British Telecom and a number of other multinationals have launched a campaign to encourage businesses to become "Net Positive" – going beyond a zero carbon footprint to replenishing natural resources.

Richard Gillies, group Sustainability director at Kingfisher plc explains: "People want businesses to be about more than profit. Net positive provides a framework to help the business community become a force for good - positive for people, planet and profit.

"We believe it's a win, win, win formula. Indeed we believe it's the only formula for securing a sustainable business over the long term, which is why we have launched our Net Positive approach to business. We don't have all the answers and we can't do it alone so we are delighted to be a part of this unique collaboration of partners, aspiring to accelerate the transition towards a wider Net Positive movement."

Kingfisher says by becoming "Net Positive" it can secure the resources it uses and provide access to a large new market for in-home energy efficiency estimated at €70 billion in Europe by 2020. In addition, by harnessing closed-loop approaches the kingfisher BQcompany thinks it can take advantage of a Europe-wide cost-saving opportunity it estimates at US$630 billion a year.

The company's B&Q subsidiary has already committed to a 50 percent reduction in CO2 across business travel and haulage by 2023 against a 2006/07 baseline. Progress towards this target is reportedly at 36 percent.

Together with NGOS Forum for the Future, the Climate Group and WWF-UK, Kingfisher and the other multinationals want to create a step-change in how companies approach sustainability by promoting the acceleration of global resource replacement.

The group says it aims to grow the number of businesses that are going "Net Positive" by promoting the triple bottom-line benefits of this approach and will also explore how customer and supplier innovations can open up new markets for businesses that have a positive impact on value chains, systems and society.

Sally Uren, CEO of Forum for the Future comments: "This group is absolutely critical for a sustainable future. The businesses involved all share the ambition not just to be a little less harmful – not even to get to 'zero harm' – but to be a positive force."

Mark Kenber, CEO of The Climate Group adds: "Net positive can be the basis of a new positive circle, where innovation and sustainability are translated into new business practices and tangible benefit to communities everywhere. It also offers real business benefits: in a tough market environment net positive leaders can better connect with consumers and better protect their brand and their bottom-line."

SKF director of Corporate Responsibility Rob Jenkinson says his company is participating in Net Positive in order to draw attention to the way businesses can contribute to positive environmental development. James Robey, group Corporate Responsibility & Sustainability director at Capgemini notes: "Net Positive signals a step change in how a business addresses its undisputed obligations to corporate responsibility and sustainability."

In confirming his company's involvement Joe Franses, director of Corporate Responsibility & Sustainability at Coca-Cola Enterprises (CCE) explains: "We recognise that the sustainability agenda is not just about reducing business impact. It is about the positive social, economic and environmental contribution that businesses can make to the communities in which they operate. We welcome the opportunity to work with other like-minded businesses to develop a definition of net positive and to explore the benefits of setting net positive commitments."

News

Written on 24/03/2017, 19:32
malaysia-and-alibaba-to-build-digital-trade-platformKUALA LUMPUR: March 23, 2017. Alibaba is to partner with the state-run Malaysia Digital Economy Corporation (MDEC) to host what company executive chairman...
Written on 24/03/2017, 16:31
ai-becomes-truckload-matchmakerHAMBURG: March 24, 2017. As PwC releases a report suggesting 950,000 jobs will be lost in the UK transport sector from the use of artificial intelligence...
Written on 24/03/2017, 15:49
dp-world-eyes-panama-as-net-profit-jumpsDUBAI: March 22, 2017. DP World has reported a 29.9 percent rise in net profit for 2016 to US$1.26 billion, on a 4.9 percent increase in revenue to total...
Written on 22/03/2017, 22:12
new-ocean-carrier-alliances-to-shake-things-upGENEVA/BRUSSELS: March 22, 2017. The impending operation of three ocean box alliances on April 01 has prompted fears of capacity constraints and rising...
Written on 20/03/2017, 19:53
volga-dnepr-paid-former-u-s-national-security-advisorWASHINGTON, DC: March 20, 2017. As Congressional hearings begin on possible connections between the Trump presidential election bid and Russia, evidence...
Written on 17/03/2017, 20:55
lufthansa-group-reports-rise-in-net-profitFRANKFURT: March 16, 2017. The Lufthansa Group has reported a 4.6 rise in net profit to €1.77 billion in 2016 on a 1.2 percent drop in revenue to €31.66...
Written on 17/03/2017, 19:19
another-airline-level-for-iagBARCELONA: March 17, 2017. International Airlines Group (IAG) will begin flights from Barcelona to Los Angeles, Oakland, Punta Cana in the Dominican...
Written on 17/03/2017, 17:39
european-commission-re-imposes-cargo-finesBRUSSELS: March 17, 2017. The European Commission has renewed its decision to fine 11 airlines €776.46 million for operating an air cargo cartel between...
Written on 15/03/2017, 20:15
ups-continues-to-reduce-ghg-emissionsATLANTA, GA: March 15, 2017. UPS is to spend an additional US$90 million on expanding its U.S. natural gas fueling infrastructure and acquiring more...
Written on 14/03/2017, 21:13
air-cargo-stuck-in-the-16th-centuryABU DHABI: March 14, 2017. Speaking at the opening of the 11th World Cargo Symposium, IATA director general and CEO Alexandre de Juniac warned air cargo...
Written on 09/03/2017, 20:41
u-s-infrastructure-strong-risk-of-failureRESTON, VA: March 09, 2017. The American Society of Civil Engineers (ASCE) says restoring U.S. infrastructure to its competitive position will cost the...
Written on 08/03/2017, 19:52
zte-fined-over-a-us-1-billionDALLAS/ SHENZHEN: March 07, 2017. ZTE, a provider of telecommunications systems, mobile devices and enterprise technology solutions, has been fined...
Written on 07/03/2017, 22:51
no-additional-trade-tariffs-warns-mexicoDETROIT, MI: March 06, 2017. Addressing executives from the U.S. auto industry, Mexico Secretary of Commerce Ildefonso Guajardo Villarreal has reiterated...
Written on 07/03/2017, 20:38
maersk-and-ibm-to-launch-digital-trade-solutionARMONK, NY: March 06, 2017. Following ratification of the WTO's Trade Facilitation Agreement, IBM and Maersk are developing the use of blockchain...
Written on 06/03/2017, 20:36
dsv-signs-red-cross-agreementCOPENHAGEN: March 07, 2017. DSV and Denmark's Red Cross have signed a global logistics agreement that includes the donation of two warehouses. With a...
Written on 06/03/2017, 19:07
good-start-for-air-cargo-in-2017GENEVA: March 07, 2017. Noting an increase in the shipment of silicon materials, IATA reported a 9.0 percent year-on-year jump in airfreight...
Written on 03/03/2017, 21:33
iata-repeats-trump-warningWASHINGTON, DC: March 03, 2017. IATA has reiterated its warning to the Trump Administration about a future of restricted borders and protectionism. "Our...
Written on 02/03/2017, 22:52
america-first-for-tradeWASHINGTON, DC: March 02, 2017. With the confirmation of Trump's billionaire Florida neighbor Wilbur Ross as U.S. Commerce secretary, a recent Gallup poll...
Written on 27/02/2017, 22:24
us-400-billion-exposure-for-shipping-industryLONDON: February 27, 2017. New research suggests financial institutions supporting the global shipping industry have a US$400 billion exposure to future...
Written on 27/02/2017, 20:23
new-box-terminal-to-help-mexico-tradeLAZARO CARDENAS, MEXICO: February 27, 2017. The APM Terminals' facility at Lazaro Cardenas on Mexico's Pacific Coast has officially opened for business...

- powered by Quickchilli.com -