Financial objectives involve measures such as sales targets and earnings growth.
A search on these terms will give you access to speeches, social and environmental reports dealing with the issues.
The authors Ernest Lowe is one of the pioneers in applying industrial ecology to business and community strategic planning. Harris is president and founder of Paradigm Research International, in Reston, Virginia He specializes in creating new business models that help organizations achieve sustainable growth.
Harris has advised public and private companies, non-profit organizations and government agencies in the areas of health, energy, environment, chemicals, formulate strategy business planning estate, transportation, national security, telecommunications and computer technology.
He received his doctorate in physics at the College of William and Mary. BP has formed an action agenda for reducing emissions internally and for working in partnership with other organizations around the world to reduce human impact on climate.
We focus on why BP made this decision, how BP arrived at the decision, and its implications for BP itself, for its competitors, and for other multinational corporations. Introduction British Petroleum appears to be fundamentally changing the way it does business.
BP was the first multinational corporation other than re-insurance companies to join the emerging consensus on climate change. BP committed to reduce greenhouse emissions from all of its own business operations.
Is BP reacting to inevitable environmental pressures, but conducting business as usual, or is BP seizing the moment and using global climate change as a doorway to a new business model for the 21st century?
In conducting the research for this article, the authors interviewed BP personnel, representatives from other oil companies and from environmental organizations.
What follows explores how and why BP decided to act on climate change and, from this experience, we distill learnings that other companies can use to inform their environmental strategy. John Browne rose to the leadership of British Petroleum through BP Exploration, where he led that division's restructuring in the early 90s.
At 48, when BP decided to break with the rest of the industry on climate change, he was the youngest chief executive among the top oil companies. John Sawhill, the Nature Conservancy President who has known Browne for 20 years, says, "He does not like to run with the pack.
Browne sees BP's position on climate change as a way to distinguish them from others in their industry. BP tries to understand long-term forces at work.
It is hard to isolate cause and effect. But there is now an effective consensus among the world's leading scientists and serious and well informed people outside the scientific community that there is a discernible human influence on the climate, and a link between the concentration of carbon dioxide and the increase in temperature.
The time to consider the policy dimensions of climate change is not when the link between greenhouse gases and climate change is conclusively proven but when the possibility cannot be discounted and is taken seriously by the society of which we are part.
We in BP have reached that point. In late September BP's chief executive built upon this strategy in a second address in Berlin.
Here he proposed more detailed policy options including energy taxes, carbon emissions trading, and joint implementation. Browne emphasized the need for different countries to develop the mix of greenhouse gas reduction strategies appropriate for each. He re-emphasized the proactive position he had announced at Stanford: Framework Convention on Climate Change, and at a time when many U.
There were significant precedents to BP's action. Beginning in the early 90s, scientists of the environmental action organization, Greenpeace, argued that global climate change was triggering more frequent hurricanes and floods and record claims on insurance companies.
Byinsurance executives attended the Berlin Climate conference and began considering the merits of this argument. Of these, sixteen involved wind and water, mainly in the form of hurricanes.
They turned around and said 'well, we can't prove that we have a definite global warming problem, but by the time we can, you chaps are in real trouble.
These and other financial companies collaborated with Leggett in writing a book on climate change in The Chairman of the Gerling Group reinsurance company is on this organization's board and has formed Gaia Kapital, a venture capital fund, to invest in solar.
Swiss Re has invested in one of Solar Century's first projects. Public concern and the leadership of these European re-insurance companies has helped European leaders to set tighter greenhouse gas limits for their countries and to urge prompt U.
It's no wonder that more than fifty United States Senators have co-sponsored the "Sense of the Senate" resolution introduced. The proposals currently under consideration by the United Nations do not.[Click here to learn more about my book on Enterprise Supply Chain Management or to buy it.].
What do supply chains have to offer to the business strategy?It turns out, a lot. To understand, let us review some of the basic concepts of strategy.
John Browne rose to the leadership of British Petroleum through BP Exploration, where he led that division's restructuring in the early 90s. At 48, when BP decided to break with the rest of the industry on climate change, he was the youngest chief executive among the top oil companies.
A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot . Business strategy alone can direct, but does not deliver.
It can set the direction, provide objectives, specify the desired corporate goals, but does not take you there.
Sep 13, · Find new ideas and classic advice for global leaders from the world's best business and management experts. All executives know that strategy is important. But almost all also find it scary, because it forces them to confront a future they can only guess at.