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3 Jun 2015

Delshad Irani & Ravi Balakrishnan, Times of India

Companies' sustainability initiatives beneficial for environment, society & business

"World environment day: big guns like HUL, P&G, & PepsiCo go green for the 'moolah'", 3 June 2015

Indeed, making the case for more businesses across the spectrum to adopt sustainable practices is the fact that securing the Earth's future and the company's bottom line, is one and the same thing...Unilever has avoided factory costs of over 400 million by reducing its environmental impact...P&G's Waste to Worth program has successfully found uses for tons of material that was previously sent to landfills; and in the process has created nearly $2 billion in value for the company through cost savings and revenue generation...[F]or indian conglomerate ITC...sustainability efforts focus on two specific areas - the creation of sustainable livelihoods and environmental replenishment...[E]xecutive director [of] ITC [says]..."Globally, the ley challenges that are of immense concern are poverty, social inequity and environmental degradation...[It] is critically important to find ways of replenishing the environment and addressing the threat of climate change that makes rural societies even more vulnerable...