Starbucks, PepsiCo and Mars Inc among world's most ethical companies in 2018
The Ethisphere Institute recognis...
Starbucks has once again been honoured by the Ethisphere Institute as one of the most ethical companies in the world.
The Ethisphere Institute recognises companies which “influence and drive positive change in the business community” and, for the 12th year in a row, the coffee chain has topped the list.
This year 135 companies were honoured with just six food and beverage companies making the list.
- Dunkin’ Donuts to eliminate styrofoam cups by 2020
- The UK’s food and drink industry has cut emissions by more than half
- Starbucks is piloting cashless checkouts at some of its biggest stores
Kellogg’s, Mars Inc., Illy, Grupo Bimbo, PepsiCo and Starbucks all made the list for demonstrating achievements in transparency, integrity, business ethics and compliance.
Since Ethisphere’s launch in 2007, Starbucks has been chosen every single year the institute compiled its list.
In previous years, the US-based coffee chain has pledged to donate over 100 million health coffee trees in regions such as Central America to make coffee farming more sustainable. Meanwhile, Illy coffee has also committed to sourcing only sustainably-grown coffee beans.
Mars Inc. has pledged to battle climate change after launching its ambitious Sustainability in Generation Plan last year. As such, the confectionary giant said it will invest around US$1bn in its sustainability initiatives and will slash greenhouse gas emissions across its value chain by 67% by 2050.
Kellogg’s already uses 20% renewable energy and has supported nearly 300,000 farmers with climate-smart agriculture around the world and PepsiCo is moving to use sustainable sources of palm oil after it committed to participating in Oxfam’s Fair Company-Community Partnerships project.
Starbucks to open 10,000 sustainable stores in bid to save US$50mn
The plans come under an initiative called the “Starbucks G...
Starbucks has announced plans to open 10,000 “greener stores” around the world by 2025
The plans come under an initiative called the “Starbucks Greener Stores Framework”, which the coffee company will develop with experts in the field such as SCS Global Services, and the World Wildlife Fund.
Kevin Johnson, Starbucks’ CEO, said in a company statement that Starbucks has a responsibility to promote environmental sustainability.
“We are a company in [sic] that believes, in the fabric of mission and values, that the pursuit of profit is not in conflict with the pursuit of doing good”.
The announcement aligns with Starbucks’ efforts over the past decade to create sustainable buildings, working in partnership with the US Green Building Council.
The company has said it will go beyond the Leadership in Energy and Environmental Design (LEED) sustainable building criteria, which it developed alongside the US Green Building Council, to focus on powering its stores in the US and Canada with 100% renewable energy.
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- Jim Donald appointed the CEO of Albertsons
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Starbucks plans to introduce technology to both new buildings and in renovations of existing stores that will save 25-30% on energy and water use.
Marketing Magazine said this could save Starbucks around US$50mn incrementally over the next decade.
This year, Starbucks committed to eliminate its reliance on single-use straws in 28,000 stores by 2020, and also said that it is developing compostable paper cups.