21 Sep 2021
By Amanda Morgan, Consulting Associate at MorganHR
LEGO, Patagonia, Nestlé, Procter and Gamble, Apple, and Unilever– what do these companies have in common? They’re working towards a transition from a linear to a circular plastics economy as a part of their ESG and DEI goals.
LEGO is changing the game by developing the prototype for 100% recycled PET plastic bricks. Patagonia has been changing the clothing game since ’93 by transforming discarded bottles into recycled polyester, and now they are incorporating production waste and old garments in their reach for reuse over-extraction. Nestlé is decreasing their use of virgin plastics by one-third, as well as reaching for 100% recyclable or reusable packaging by 2025. Procter and Gamble are stretching for 100% recyclable or reusable packaging by 2030, but they’re starting with halving their petroleum-based plastic use by the end of this year. Apple is working to reduce the quantity of plastic packaging while also exploring the use of recycled and fiber-based alternatives for their petroleum and virgin plastics. Unilever is planning to decrease virgin plastic use by 50% within the next four years, and they are committed to designing reusable, recyclable, or compostable products while collecting and processing more plastic than is sold.
It’s no question that companies are placing a heavier focus on being environmentally friendly. Especially since climate change is such a hot topic. In fact, companies are starting to clearly communicate their Environmental, Social, and Governance (ESG) goals. We took a look at the history of ESG and DEI (Diversity, Equity, and Inclusion) in the workplace after we held a discussion about how to read between the lines of a company’s proxy statement. We’re finding, as I’m sure you are, that more companies are adding their ESG and DEI goals to their proxy statements and other public communications. Why?
What is the purpose behind a company’s ESG/DEI statements and goals?
To answer that question in brief, I’d say values. Think about it: there is more than money behind decisions, right? Money is absolutely a motivator, but a company is built, designed, and led based on the culture and values that it stands behind. Not to mention that investors and other stakeholders are going to be more inclined to support a company whose values align with their own. ESG/DEI goals are another way for a company to display its values, and they are becoming ever more popular. So, let me ask you, what are your company’s ESG goals? How were they decided?
Some readers may have an immediate answer, as they either designed the goals themselves or have great internal communication. Others may have an idea of what they want their ESG goals to be but are not sure where to start, or even how to communicate that with the rest of the company. At MorganHR, we are always ready for what’s coming around the corner, so if you’re caught up in making informed and up-to-date decisions regarding setting ESG goals, let us help you.