With the constant fluctuation of energy and natural resource prices, more and more companies are evaluating and embracing sustainability not only to cut and stabilize energy costs, but also to drive innovation and ensure competitive advantage. “Becoming environment-friendly can lower your costs and increase your revenues. That’s why sustainability should be a touchstone for all innovation” states a 2009 Harvard Business Review article. Walmart’s new Supplier Sustainability Assessment is the strongest indicator yet that sustainability is quickly becoming a valuable business tool. A well executed sustainability program can reduce employee turn-over and enable for a methodical and process driven approach to evaluating resource use, a prevailing theme at this year’s CRO Summit.
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