CSR Minute: FSG Hosts Creating Shared Value Leadership Summit; Sainsbury's Reports 12M kilogram Cut in Packaging

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CSR Minute: FSG Hosts Creating Shared Value Leadership Summit; Sainsbury's Reports 12M kilogram Cut in Packaging

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The CSR Minute is your daily video digest of the most relevant Corporate Social Responsible news of the day. Our team of 3BL Media correspondents tracks the global world of corporate social responsibility to bring you coverage of the most important announcements, initiatives, issues, trends, ideas, and breaking news.

Monday, June 20, 2011 - 9:32am

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FSG, the nonprofit, strategy consulting firm, held a Leadership Summit on Creating Shared Value recently in Cambridge, Massachusetts, sponsored by Nestle. Representatives from 50 corporations, government, and nonprofits met to hear Michael Porter and Mark Kramer, co-founders of FSG, discuss the CSV approach and how to integrate its concepts into business practice. Attendees included representatives from GE, Intel, HP, Eli Lilly & Company, Novartis, Whole Foods, ExxonMobil, the Bill and Melinda Gates Foundation, and the White House.

Sainsbury’s, the British retailer, has cut packaging levels by 12 million kilograms over the last year. That’s the highlight of its just released, 2011 Corporate Responsibility Report. The Report says that Sainsbury’s is on track to meet its 2015 goal of reducing packaging by a third, measured against a 2009 benchmark. Future reductions will be achieved through the re-launch of 6,500 store- brand products during the next year.

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