Steve Howard: Let's go all-in on selling sustainability
Link: http://www.ted.com/talks/steve_howard_let_s_go_all_in_on_selling_sustainability#Notes:
- Speaker leads the sustainability effort at Ikea, helping the low-price-furniture giant to bring sustainable products to millions of people.
- 3 billion people joining the global middle class.
- 6 degree of global warming issue.
- 12 cities in the world back in old days.
- Sustainability became nice-to-do to must-to-do
- IKEA shows a good example of positive impact of business can do on the world on sustainable aspects.
- Customers concerns daily issue > global sustainable issue.
- Make sustainable to be easy approach, affordable and attractive.
- Example 1. Unlike old light bulb produce more heat than the light LED light produce more light and last more than 20 years -> soon to 100% banned halogen in products -> use supply chain to change the customers behaviour and make it affordable to anyone.
- Example 2. Consider natural raw material -> Production of cotton working back to from farm -> 60% of cost consumed in production process can be chemical input by low income farmers -> start from beginning of the supply chain and take care of
- Example 3. Wood -> unavoidable forestry -> take responsibility of what you consume -> collaboration with NGO and work with supply chain partner to produce safe forestry
- Example 4. Use natural resource -> use sun and the wind which would exist permanently -> wind farm and solar panel -> produce free electricity -> benefits on CFO for business as well
- Example 5. Provide good working condition and concern on human right -> child labour -> better quality life requires good foundation and consistent support
CRITICAL REFLECTION
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