Interface and the 4 guiding principles of sustainable business model innovation (2pm seminar) by Li Shi Tan

Principle 1: Sustainability orientation

lsjacetan — 2024-02-15 19:08:11 UTC

Think about the basic ideas of sustainability, principles and practical plans which the company refer to

Principle 2: Extended value chain

lsjacetan — 2024-02-15 19:08:11 UTC

Think about how they aim to generate value for both market and non-market actors in monetary and non-monetary terms

Principle 3: Systemic thinking

lsjacetan — 2024-02-15 19:08:11 UTC

Think about the holistic approaches that the managers took; how they try to integrate external resources and knowledge into internal resources

Principle 4: stakeholder integration

lsjacetan — 2024-02-15 19:08:11 UTC

Think about how the company considers the interests and needs of its stakeholders

principle 1 - sustainable orientation

2024-02-16 14:27:15 UTC

QUEST - waste elimination programme - ranged from physical materials to debt to unused equipment to errors in admin. reduce waste by 50% - rendered it too ambitious so moved to…

Eco sense bonus -

implemented specific targets in loads of aspects such as environmental, quality management, emissions and energy
example - biocycle programme - either achieve or you don’t
other areas you get points from how much your saving etc
all in hopes they will be pushing to a more achievable well rounded sustainable agenda for interface

both have been successful implementations for interface

saved $77 million in four years

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the natural step which provided a framework to guide their decision making in the direction of sustainability.

International Standards Organisation

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Interface adopted ISO by pursuing third-party certification of its management systems, following ISO 14001 standard for environmental management systems, and ISO 9000 for quality management systems.

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Employee integration through an incentive programme that not only reaches top management but also „normal employees“

Employee trainings

Every business unit is responsible for their own sustainability processes, which encourages risk taking

Development of a comprehensive data monitoring system -> Econometrics

Consumers get a realistic view of the impact of their purchase

Coopoeration with NGOs

Principle 2

2024-02-16 14:37:08 UTC

QUEST incentive plan
- reduction of landfill waste
- movement to lean
- reduction of emissions etc.
Holistic view of sustainability
- use of recycled material in production
The establishment of official environmental and quality-management systems insures that credible international standards are in place and that progress iscontinuous.
Encouraging employees to take risk
- this can lead to extra value created, assuming good ideas are integrated.
Extra $35K saved by recycling materials