Sustainability Innovation Awards
Award-winning companies have been selected based on the Business Sustainability Typology (BST) model which classifies companies to different types based on their efforts to move from “business-as-usual” to “true business sustainability“.
In 2016, the following three companies were honored in recognition of their progress in embedding sustainability:
- Procter and Gamble
- Blue Orchard
- Merkur Andelskasse
In 2015, Seven companies from around the world were recongnized at the annual Business for Society Forum of Business School Lausanne taking place on September 26, 2015 in Lausanne, Switzerland. The Sustainability Innovation Award was received by Alternative Bank Schweiz, The Lancaster London Hotel, Pebbles PVT Ltd., Beechenhill Farm Hotel, Interloop Limited, Dynamic Sportswear Ltd., and ICI Pakistan Ltd.
Three of the seven award recipients fall under the BST 3.0 category of „truly sustainable” organizations – Alternative Bank Schweiz, Lancaster London Hotel, and Pebbles PVT Ltd., while another two companies are classified as BST 2.0 “triple bottom line management” – Beechenhill Farm Hotel and Interloop Limited. Dynamic Sportswear Ltd. and ICI Pakistan Ltd. will receive the BST 1.0 “refined shareholder management” award.
The Sustainability Innovation Award winners are promoted as examples of best practices for sustainability, ranging from granting bank loans that generate societal or environmental value (Alternative Bank Schweiz, Switzerland) to establishing cross-sectorial collaborations in the area of educational hospitality (Lancaster London Hotel, UK), to using bio-degradable material for product packaging (ICI Pakistan Ltd., Pakistan), to addressing a broader societal challenge of illiteracy in developing countries by providing quality education to the underprivileged children (Interloop Ltd., Pakistan).