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Research & Analyze an organization's 3BL and Stakeholders

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Offsets, 3M has also adopted a Product Carbon Footprint Standard that mainly addresses the needs for the computation of product carbon footprint and corresponding management of the product carbon offsets (Savitz & Weber, pp123-167). Moreover, the standard also establishes criteria for the prevailing carbon footprint methodologies applied and corresponding acceptable qualified offsets encompassing Voluntary Carbon Standard Offsets from mainly Emission Reductions and underlying Renewable Energy Credits. CERs and RECs is normally granted by the Verified Emission Reductions. 3M organizations acquired carbon offsets for its products greenhouse gas emissions from seven diverse products lines across the underlying five business market sectors (Bowden et al, pp 178-245).3M has also hold emission allowances under the European Union Emission Trading Scheme in regard to the underlying compliance period to present for the actual greenhouse gas emissions. The organization also utilizes 12 principles of the Green Chemistry in designing, advancing and executing of chemical products and procedures in order to reduce or rather eliminate the utilization and corresponding generation of substances hazardous to the human health and the environment. In the year 2010, 3M’s Material Resource Division, a major internal supplier for numerous materials within the 3M developed a new product design tool for evaluation of the new chemistries and products against the underlying twelve within their prevailing division. This is mainly geared to meeting the 3M’s 2015 sustainability Goals waste reduction targets.3M organization has put in place recycling, reuse, treatment and disposal strategies in compliance with the underlying applicable regulations and the prevailing 3M Disposal of Chemical Waste Policy encompassing waste stream profiles, content identification and labeling. Enhancing and preserving biodiversity is a significant section of the 3M’s value in regard to respecting social and physical environment. 3M has been working to preserve biodiversity of the property and environment via assistance of the Nature Conservancy (Luus, Beckerman & Nash, pp1-19).The first set of environmental goals released by 3M was in 1990 and since this period, they have managed to cut emission of Greenhouse gases worldwide by over 72%, a reduction by 96% of volatile organic compound emissions, and an 82% decrease in the use of energy. The company also expects to reduce emissions of
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preview essay on Research & Analyze an organization's 3BL and Stakeholders
  • Pages: 8 (2000 words)
  • Document Type: Essay
  • Subject: Marketing
  • Level: Undergraduate
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