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en/businessweek-survey-of-sustainability-the-financial-bottom-line-in-major-multinational-firms-beyond-the-green-corporation#c44170

Beyond the Green Corporation

Author: Pete Engardio, BusinessWeek, Published on: 29 January 2007

A remarkable number of CEOs have begun to commit themselves to...sustainability goals..., even in profit-obsessed America.... [Sustainability is] about meeting humanity's needs without harming future generations. It was a favorite cause among economic development experts, human rights activists, and conservationists. But to many U.S. business leaders, sustainability just meant higher costs and smacked of earnest U.N. corporate-responsibility conferences and the utopian idealism of Western Europe. Now, sustainability is "right at the top of the agendas" of more U.S. CEOs,...says McKinsey Global Institute Chairman Lenny Mendonca... [T]here's a more sophisticated understanding that environmental and social practices can yield strategic advantages in an interconnected world of shifting customer loyalties and regulatory regimes. [Refers to positive steps by Unilever, General Electric, Wal-Mart, GlaxoSmithKline, Dow Chemical, Wendy's, ExxonMobil, Nokia, Ericsson, HSBC, ABN-Amro, HP, Dell, Sony, BP, Ford, Philips, BG Group, Shell, Petrobras; sustainability research & investing by Deutsche Bank, UBS, Citigroup, Morgan Stanley, Goldman Sachs, State Street. Also refers to Shell, Unocal (now part of Chevron), Target, McDonald's, Apple, Nintendo, PetroChina, ExxonMobil, Ford, BP]

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Related companies: ABN Amro Apple BG Group (part of Shell) BP Chevron Citigroup Dell Deutsche Bank Dow Chemical Ericsson ExxonMobil Ford General Electric GlaxoSmithKline Goldman Sachs HP (Hewlett-Packard) HSBC McDonald's Morgan Stanley Nintendo Nokia Petrobras PetroChina (part of China National Petroleum Corporation) Royal Philips Electronics Shell Target UBS Unilever Unocal (part of Chevron) Walmart Wendy's