L'Oral Group, a leading cosmetic company, is addressing sustainability concerns in their industry. They aim to reduce their carbon footprint by 50% by 2030, 100%

L'Oréal Group, a leading cosmetic company, is addressing sustainability concerns in their industry. They aim to reduce their carbon footprint by 50% by 2030, 100% renewable electricity by 2025, and achieve zero deforestation in their supply chain by 2030.

 Another listing was Dixie Cares. They are responsible for sourcing raw materials and sustainable forestry practices. They have implemented water and energy-saving measures, reduced greenhouse gas emissions, and increased renewable energy use in their production processes.

Prioritizing sustainable operations can benefit companies in the long term. Consumers care about sustainability, and companies that prioritize it may have a competitive advantage. Sustainable practices can also reduce operating costs through energy efficiency or better production methods. However, there are short-term risks, such as higher production costs or limited sourcing options. Companies must weigh these risks against potential benefits and ensure that sustainability initiatives align with long-term business strategy.

Choosing the sustainable option, while controversial, will pay out in the long run. With consumers valuing integrity and the world needing better options. Sustainability is the only option now. 

 

References

L'Oréal. (2020, January 23). L'Oréal group: Investing for nature. L'Oréal. https://www.loreal.com/en/commitments-and-responsibilities/for-the-planet/investing-for-nature/

Dixie. (n.d.). Sustainable Paper Products | Dixie® | Dixie®. Www.dixie.com. https://www.dixie.com/sustainability?utm_source=GOOGLE&utm_medium=cpc&utm_campaign=Cups%20-%20Non%20Brand%20-%20Sustainability%20-%20BMM&utm_term=%20sustainable%20%20companies&gclid=EAIaIQobChMIjpD5zaHD6gIVIgiICR0PkgjPEAAYASAAEgLTzPD_BwE&gclsrc=aw.ds

 

In your replies to at least two peers, contribute to the discussion by sharing the potential repercussions of not taking risks to prioritize sustainability. Examples of how you could contribute to the discussion include the following:

• Provide examples of organizations that experienced the repercussions of not prioritizing sustainability.
• Reflect on how you or people you know might react to organizations and products that don't prioritize sustainability from a consumer perspective. Consider how factors such as age, geographic location, and finances might affect consumers' reactions.
• Name some specific impacts of not remaining competitive in the market based on what you learned from your reading in the Resources section.
• Provide other reasons to justify prioritizing organizational sustainability.