Finlays commits to a stretching sustainable development strategy
Transcription
Finlays commits to a stretching sustainable development strategy
“The future we don’t yet know” Finlays commits to a stretching sustainable development strategy the challenge In 2008 the global tea producer, Finlays, had just acquired Flamingo Holdings, a business importing vegetables and flowers for the UK market. With its expanded portfolio, Finlays found itself vulnerable to more uncertainty and potential challenges than ever before, from natural resource decline to Kenya’s volatile governance, and from the structure of the global retail sector to the technological innovations which could affect the company’s supply chains. Finlays commissioned Forum for the Future (Forum) to help map options to ensure a sustainable future for the business. what we did impact feedback Forum helped Finlays to explore future business risks and opportunities by creating four compelling scenarios for 2023 from desk research and more than 70 interviews with staff and experts from several sectors. installations to its existing biomass and hydro sources; “As a result of our work with Forum for the Future, there was a fundamental shift in our approach. We [...] acknowledged that developing sustainably had to be central to the brand - [it’s the] single thing that would hold the business together.” Focusing on these four different futures helped the organisation create a new vision, and Forum worked with senior management to develop a challenging 39-goal sustainable development strategy for the next 15 years to 2023. Our futures work with Finlays helped the company understand that strong social and environmental objectives, rather than just economic ones, are key to its long-term viability. And as Finlays’ ambitious Sustainability Strategy approaches the halfway point, Forum has catalysed many changes: • Finlays has increased the range of renewable energy generation used on its sites since 2008, adding biogas and solar • Finlays’ Community Catalyst Programme is empowering its workforces and their families in Sri Lanka and Kenya to be more independent, take ownership of their homes and increase their economic resilience; • The company has shifted its focus to working with smaller farms and spreading the economic benefits it brings widely within communities. In Kenya alone, the number of small farms working with Finlays has grown from just 1,000 in 2008 to 15,000 today; • Zero waste went to landfill from its European operations in 2014, and Sri Lanka and Kenya are not far behind; • Rainwater harvesting systems have been installed at seven of its sites, compared with none in 2008; • Finlays is a project partner of Tea2030, Forum’s multistakeholder project trying to mainstream sustainable tea by 2030; • Since 2008 all of Finlays’ Simon Large Commercial Director Finlays “The scenarios workshops were fantastic in terms of bringing everyone together, but also at promoting a very constructive and objective dialogue.” Michael Pennant-Jones Group Head of Sustainability Finlays tea estates have been certified Rainforest Alliance, and recentlyacquired estates will be certified in 2016; • Every business division within Finlays now has its own sustainability plan and defined set of priorities.