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The New Trend: Sustainability Requirements for Suppliers
Delta Institute Holds Public Forum to Help Firms Remain Competitive
|For Immediate Release|
|November 16, 2012|
[Chicago, Illinois] - Suppliers that are the most efficient and sustainable are best positioned to come out on top in the competition to win contracts. Think of survival of the fittest as the latest trend in American business: corporate sustainability officers and purchasing departments requiring suppliers to meet certain environmental targets in their manufacturing processes. There is increasing attention being paid to reducing carbon emissions, energy, waste and water usage, and other inefficiencies.
Firms can learn what leading companies are doing, where the bottom line benefits can be found, and why the smartest suppliers are embracing this approach to modernize their operations and fortify their most important relationships during the forum: “Supplying Sustainability: Engaging Companies to Realize Benefits.” The forum is Wed., Dec. 12, 2012, from 6 p.m. to 7:30 p.m. at the University of Chicago Gleacher Center, 450 N. Cityfront Plaza Drive in Chicago. Open to the general public, the forum is co-sponsored by Delta Institute and the University of Chicago’s Graham School of Continuing Liberal and Professional Studies.
While new and sustainable practices may require an upfront investment, suppliers eventually must adapt to the new trend or possibly risk going out of business.
“The question is: How long can you remain competitive using the old processes in the global market?” says Tom Cushing, Delta Institute’s director of strategic partnerships and policy. “Some suppliers are using 100-year-old techniques, but their competitors are brand-new firms using more updated practices.”
Cushing adds that firms adopting modern, efficient methods can ultimately save money, become resilient and protect their bottom line through an improved public reputation. Indeed, 40 percent of a company’s reputation comes from its social responsibility image, according to a 2011 survey by the Reputation Institute.
The forum’s panelists are Steve Arbaugh, vice president of brand marketing, alignment and experience, Interface Americas & Interface, Inc.; Phil McAndrew, environmental specialist of Kraft Foods Group, Inc.; Dan Nielson, director of socially responsible investing at Christian Brothers Investment Services, Inc; and Tom Cushing. Margaret Renas, project manager at Delta Institute, is moderator.
Cost to attend the forum is $15 in advance with registration at https://grahamschool.uchicago.edu/ or $20 at the door. Light refreshments will be served. After the formal presentations is a question-and-answer session.
This forum is part of a series designed to address current issues in the green economy, using perspectives from on-the-ground practitioners and leaders in the field to offer real world lessons on implementing sustainability.
About Delta Institute: Delta Institute is a center of innovation that creates market opportunities to build regional economies that are job rich and inclusive. In partnership with business, government and local communities, Delta tackles the hard problems using creative approaches to find cost-effective sustainability that values natural resources, energy efficiency and waste stream reductions. Delta Institute’s website is www.delta-institute.org.
About The University of Chicago’s Graham School: The University of Chicago Graham School's Liberal and Professional Studies programs provide quality, career-related education in convenient short, intensive, related seminars, allowing students to continue developing their careers, broadening their perspectives and strengthening their skill sets. The Leadership in Sustainability Management Certificate is a part-time program for working adults who wish to develop careers in sustainability. For more information, visit https://grahamschool.uchicago.edu/