From a corporate standpoint, progressive environmental management encompasses all efforts to minimize the negative environmental impact of a firm’s products or services throughout the entire life cycle, from “cradle to grave” (Klassen and McLaughlin, 1996). Environmental concerns in purchasing and supply chain management deal with an assortment of issues, and from an investment recovery perspective, particularly deal with the last three bullet points listed below:
- Water, ground, air and noise pollution.
- The use, storage and disposal of hazardous materials and their waste in manufacturing.
- Waste water management.
- Unsafe and unhealthy working environments.
- Unsafe finished products.
- Industrial harm to plant and animal life.
- Restoration and reclamation of lands impacted by industrial activity.
- Reuse, recycling or disposal of excess inventories, equipment and manufacturing-generated scrap.
- Sale or recycling of obsolete or scrapped end products.
- Design of products and manufacturing processes for material conservation, reuse or recycling.
The list goes on and on. Another Association member that is intimately involved in progressive environmental practices is forestry products company Weyerhaeuser. According to Bruce Amundson, “It is a core policy at Weyerhaeuser to be responsible stewards of the environment wherever we do business. This entails practicing sustainable forestry; setting and meeting goals to reduce pollution; conserving natural resources and energy; and continually improving our environmental performance. Because of its importance, we hold our employees and leaders worldwide accountable for managing and operating our businesses in full compliance with all applicable environmental laws and meeting other external requirements to which the company commits.”
Weyerhaeuser expects business activities will be conducted to:
- Employ environmental management systems to achieve company expectations.
- Manage the environmental impact of our business activities and products, including innovative and advanced technology solutions.
- Promote environmental laws, policies and regulations that are based on sound science and that incorporate incentive-based approaches to improve environmental performance.
- Adopt company standards to protect the environment.
- Manage forestlands for the sustainable production of wood while protecting water quality; fish and wildlife habitat; soil productivity; and cultural, historical and aesthetic values.
- Audit compliance with environmental laws, policies, regulations and company requirements.
- Resolve noncompliance conditions promptly, including when necessary, curtailing operations to protect human health and the environment.
- Track and publicly report on our environmental performance.
© The Investment Recovery Association