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Embedding Sustainability in the Core

Up Close: Green Battery Cells and Systems Supplier Northvolt CEO Peter Carlsson on the Key to Sustainability Integration

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Sustainability Leadership

Abstract

There’s no such thing as a sustainability strategy; there is only a business strategy that is—or isn’t—sustainable in the long term. For sustainability to be anchored in a company, it needs to be embedded in the core business including business models, value propositions, value chains, portfolio integration, R&D, and empowered organizations. Leadership starts at the top but empowering people and delegating responsibility makes sustainability everyone’s job. By revisiting the value proposition from a sustainability perspective, you can grow the benefits that a company’s products and services deliver to customers and differentiate it from similar offerings. Swedish companies Scania, Northvolt, Electrolux, Houdini, Axel-Johnson, and EQT share how they’ve successfully integrated sustainability across their businesses to find that sustainability and profitability nexus.

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Notes

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    Phil Dzikiy, “Northvolt secures $ billion from VW, others for Gigafactory; joint factory with VW also planned,” June 12, 2019, https://electrek.co/2019/06/12/Northvolt-gigafactory-volkswagen-1billion/.

  2. 2.

    “Scania and Northvolt partner for heavy vehicle electrification,” Jan 25, 2018, Scania.com, https://www.scania.com/group/en/scania-and-Northvolt-partner-for-heavy-vehicle-electrification/.

  3. 3.

    The Northvolt Loop, Northvolt.com, accessed March 13, 2020, https://Northvolt.com/loop/.

  4. 4.

    The Northvolt Loop, Northvolt.com, https://Northvolt.com/loop/.

  5. 5.

    Electrolux Green Range, accessed March 13, 2020, https://www.electrolux.com.au/green/.

  6. 6.

    “World’s first electric road opens in Sweden,” June 23, 2016, Scania.com, https://www.scania.com/group/en/worlds-first-electric-road-opens-in-sweden-2/.

  7. 7.

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  8. 8.

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  10. 10.

    Tensie Whelan and Carly Fink, “The Comprehensive Business Case for Sustainability,” Harvard Business Review, Oct 2016, https://hbr.org/2016/10/the-comprehensive-business-case-for-sustainability.

  11. 11.

    Maureen Kline, “How to drive Profits with Corporate Responsibility,” Inc., July 24, 2018, https://www.inc.com/maureen-kline/how-to-drive-profits-with-corporate-social-responsibility.html.

  12. 12.

    Ioannis Ioannou and George Serafeim, “Yes, Sustainability Can Be a Strategy,” Harvard Business Review, Feb 2019, https://hbr.org/2019/02/yes-sustainability-can-be-a-strategy.

  13. 13.

    Telia Company Sustainability Reporting Framework, Telia Company, March 20, 2019, https://www.teliacompany.com/globalassets/telia-company/documents/about-telia-company/sustainability-report/telia-company-sustainability-reporting-framework-2018.pdf.

  14. 14.

    Electrolux Sustainability Brief 2018, accessed April 7, 2020, https://www.electroluxgroup.com/sustainabilityreports/2018/files/elux-2018/SustainabilityinBrief.pdf.

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Correspondence to Henrik Henriksson .

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Henriksson, H., Weidman Grunewald, E. (2020). Embedding Sustainability in the Core. In: Sustainability Leadership. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-42291-2_6

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