Sustainability Management Based Approach to Manufacturing Industry - Annabelle Umoetuk.pdf
0 likes28 views
The document discusses sustainability management approaches for manufacturing industries. It outlines how industries can embrace smarter, sustainable innovation by focusing on changing customer expectations and experimenting with new technologies. Businesses should prioritize environmental, social, and governance issues most material to their operations to drive brand values. Failing to promote ESG can result in risks like pollution, resource exploitation, and regulatory fines. Evidence shows some manufacturers investing in renewable energy and setting net-zero carbon targets by 2040. Innovation will be crucial to disrupting emissions through systems redesign, efficient energy conversion, and clean energy solutions.
Sustainability Management Based Approach to Manufacturing Industry - Annabelle Umoetuk.pdf
- 1. SUSTAINABILITY MANAGEMENT- BASEDAPPROACHTO MANUFACTURING INDUSTRY presented by Annabelle Umoetuk SUSTAINABILITY AND CSRMANAGER, NIGERIAN BREWERIES PLC(A MEMBER OFHEINEKEN BVGROUP)
- 2. Content • Introduction • How can industry embrace smarter and more sustainableinnovation? • What aspects of the business sector should be prioritized in order to drive brand sustainability values? • Outweighing the CSRimpacts, outline possible risks that could set infor industries or businesses that fail to promote ESG • Current evidence of net-zero transitioning in the manufacturing sector • How can innovation be used to disrupt emissions in the sector? • Conclusion
- 3. Introduction
- 4. SUSTAINABILITY Sustainability is an integrated approach to environmental, social and economic impact issues(both internal and external) which leads to long-term profitability. It is not just a nice to have strategy but a need as businesses need to be multi-dimensional in their operations and engagements with stakeholders to ensure that they thrive not just now, but in the future. SUSTAINABILITY
- 6. How can industry embrace smarter and more sustainable innovation? The Why: • Aids growth • Ensuresrelevance • Ensuresdifferentiation which can be a competitiveadvantage • Promotes longevity How: • Focuson how innovation ischanging • What are customers/clientsexpectations? • Does the culture supportchange? • Make metric-driven decisions • Embrace change/experimentation/risk -Nokia • Try new things
- 7. Priorities to Drive Brand Sustainability Values
- 8. What aspectsof the businesssector shouldbe prioritized in order to drive brand sustainability values? There isno one-size-fits-all answerto this. Why?: • Sustainability isbroad • Material topics differ from sector to sector and from business to business • Alot of decision-makers need a framework to embed sustainability into theirbusinesses
- 9. What aspectsof the businesssector shouldbe prioritized in order to drive brand sustainability values? Businessesneed to prioritize based on their materiality!!! How?: • Identify topics that are material to your business (internally and externally) • Ensure that these topics cover the 3 broad areas of sustainability (people, planet, and profit) • Develop a framework that addressesthese identifiedtopics • Set time-based commitments from thisframework • Communicate your progress!!!!
- 10. Environmental • Carbon neutrality through Renewables and Emissions Reduction • Circularity through sustainable water management and plastic waste recycling • Healthy Watersheds: Water Balancing Projects Social • Diversity through bold commitments and trainings • Fair & Safe dealings with outsourced vendors/employees • Community impact through CSR initiatives Responsible • Advocating alcohol as a choice for consumers • Addressing harmful use of alcohol • Endorsing moderation as a key to good population health OurSustainabilityStrategy OnACoaster
- 12. Possiblerisksthat could set in for industries or businessesthat fail to promoteESG ESGrefers to the approach a businesstakes to evaluate and implement its environmental, social, and governance goals, and manage related risksand opportunities. What are these risks?: • Environmental pollution • Resourceexploitation leading to shortage • Labour disputes arising from workerunrest • Regulatory and public pressure resulting in multiple fines and levies • Workforce health and safetyincidents • Bribery and corruption to cover upnon-compliance • Insecurity • Decreasein sales
- 14. Current evidence of net-zero transitioning in the manufacturing sector Ibadan SolarPower Impact: 663.6kWp of Powerwith an annual supply of 800MWh HydroPowerAgreementwith Konexa Impact: 100% renewable electricity to our KadunaBreweries;annual carbon emission reduction of 14,600tonnes Major investments in solar power for their plants, and combined heat power plants with energy-efficient technology. Net-zero by 2040. Achieved 100% renewable electricity in 2019 through PPA and REC purchases • Net-zero in electricity by 2025, and entire value chain by 2040 • Plans are in place to scale-up solar power to other brewery locations • Other areas within our processes have already been identified
- 16. How can innovation be usedto disrupt emissionsin the sector? Somany opportunities for innovation abound • Innovative systems/processevaluations • Smart instruments for effectivemeasurements • System design – rethinking the entire valuechain • Emission control devices • Efficient energy conversionsystems • Development and improvement of clean-energysolutions
- 17. Conclusion
- 18. IN CONCLUSION • Sustainability management approach is key to the survival of any business and cannot be done away with. • Innovate or die! Businessesneed to innovate to stay alive. • Each businesshas to determine its priorities, set achievable commitments, and work towards those commitments. • The risks that are associated with ignoring ESGare far too heavy. • Net-zero is not a myth. Companies are actively working towards achieving net-zero carbon emissions. • Smart innovation is key in ensuring that businesses remain relevant, and achieve net-zero carbon emissions.