“SEE”ingChange: 2008 Progress Report Business Roundtable a Business Roundtable’s S.E.E. Change (Society, Environment, Economy) initiative will promote better business and a better world by encouraging Roundtable members to adopt sustainability principles as a business planning tool and to showcase the results achieved. The initiative asks America’s leading companies to set challenging goals for environmental and social improvement and to meet these goals in a manner that creates business value. S.E.E. Change Initiative c/o Business Roundtable Telephone 202.872.1260 1717 Rhode Island Avenue, NW Facsimile 202.466.3509 Suite 800 Website seechange.businessroundtable.org Washington, DC 20036 Business Roundtable (www.businessroundtable.org) is an association of chief executive officers of leading U.S. companies with $4.5 trillion in annual revenues and nearly 10 million employees. Member companies comprise nearly a third of the total value of the U.S. stock market and represent over 40 percent of all corporate income taxes paid. Collectively, they returned $114 billion in dividends to shareholders and the economy in 2006. Roundtable companies give more than $7 billion a year in combined charitable contributions, representing nearly 60 percent of total corporate giving. They are technology innovation leaders, with $90 billion in annual research and development (R&D) spending — nearly half of the total private R&D spending in the U.S. Copyright © 2008 by Business Roundtable “ SEE”ing Change 2008 Progress Report Business Roundtable March 2008 TO THE MEMBERS OF BUSINESS ROUNDTABLE: Leadership companies lead ... and that is exactly what many Business Roundtable members are demonstrating through the S.E.E. Change (Society, Environment, Economy) initiative. S.E.E. Change was launched in late 2005 to showcase success and strengthen the relationship of environmental stewardship, social progress and economic growth within Roundtable member companies. It has been said that sustainability is a journey, not a destination. Certainly that has been our experience since the creation of S.E.E. Change. It is clear that we do not yet have all the answers and even that business by itself cannot come up with all the answers. However, in the following progress report, you will find a rich diversity of examples of Business Roundtable members advancing their sustainability journeys. We created S.E.E. Change, in part, to move Business Roundtable beyond its traditional policy role by demonstrating the evolving role and contributions of corporate America to the betterment of society and the environment. We wanted the world to begin seeing the value of the innovation and technology that business can bring to creating a better world. I am convinced we are doing the right thing. Not only are we building a stronger business community, but we also are beginning to help solve some of the world’s toughest challenges. I hope you will browse through the examples in this report to see how some Business Roundtable members are fully integrating sustainability into their business models and have already established sustainability business goals in the tens of billions of dollars. From my discussions with many of you, it is clear to me that many Business Roundtable companies not yet part of the S.E.E. Change initiative have much to offer that has not been shared with us. If you have not yet agreed to be part of S.E.E. Change, I urge you to consider doing so. I hope this report will inspire you to join us on the sustainability journey. Charles O. Holliday, Jr. Chairman and CEO DuPont Chairman, Environment Task Force Business Roundtable Business Roundtable I March 2008 TO THE MEMBERS OF BUSINESS ROUNDTABLE: When Business Roundtable’s S.E.E. Change initiative was launched, it promoted “better business and a better world” — using the principles of sustainability to enhance shareholder value while promoting social and environmental progress. Roundtable member companies provide many products and services that make the lives of billions of people around the world better every day. S.E.E. Change illustrates that many of those products and services reinforce the goals of sustainable development. S.E.E. Change is a relatively new initiative within Business Roundtable; it highlights the creativity, business sophistication and commitment that CEOs bring to environmental, economic and social progress. But S.E.E. Change is not the only commitment our CEOs have to these important goals. There are a wide range of other major initiatives under way at the Roundtable that positively affect global sustainability, such as our innovative report on wellness programs, our recent report on America’s energy future, our work to address international trade and climate change, our ongoing work on workforce and education challenges, our new Partnership for Disaster Response, and our Partnership for Urban Entrepreneurs. Practically every activity of the Roundtable provides opportunities for leaders in business to use sustainability principles to create new forms of business value that just a few years ago could not have been imagined. Since late 2005, when DuPont’s Chairman and CEO Chad Holliday and six other Business Roundtable CEOs announced the creation of S.E.E. Change, it has grown to include 32 companies that support and are moving forward on the path to sustainable growth. In this first progress report,“SEE”ing Change, you will see the concrete actions and commitments of this diverse group of Roundtable member companies. These achievements reach beyond traditional projects and activities to sustainable products and services that respond to the demands of consumers and provide real business value to the companies creating them. This first report on S.E.E. Change highlights just a few of the activities and initiatives that the companies profiled have under way to advance social and environmental goals. Their individual Web sites contain greater in-depth information on how they are addressing social, economic and environmental opportunities. If you would like to join with other leading Business Roundtable companies on S.E.E. Change’s progress toward sustainability, please contact Marian Hopkins at the Roundtable. John Castellani President Business Roundtable “ SEE”ing Change: 2008 Progress Report II Table of Contents Overview and History of S.E.E. Change _______________________________ 1 S.E.E. Change Initiative Members’ Activities____________________________ 2 Summary of Other Business Roundtable Member Leadership Activities _______ 3 More Diverse, More Domestic, More Efficient: A Vision for America’s Energy Future _________ 3 Climate RESOLVE ____________________________________________________________ 3 Partnership for Disaster Response _______________________________________________ 4 Gulf Coast Workforce Development Initiative _______________________________________ 5 Institute for Corporate Ethics ___________________________________________________ 5 S.E.E. Change Company Case Examples Abbott Laboratories __________________________________________________________ 6 Accenture __________________________________________________________________ 7 Alcoa Inc. __________________________________________________________________ 8 American Electric Power _______________________________________________________ 9 Caterpillar Inc. _____________________________________________________________ 10 Citi ______________________________________________________________________ 11 The Coca-Cola Company _____________________________________________________ 12 Convergys Corporation _______________________________________________________ 13 The Dow Chemical Company __________________________________________________ 14 DuPont ___________________________________________________________________ 15 Eastman Kodak Company _____________________________________________________ 16 Eaton Corporation __________________________________________________________ 17 Eli Lilly and Company ________________________________________________________ 18 Fannie Mae ________________________________________________________________ 19 FPL Group, Inc._____________________________________________________________ 20 General Electric Company _____________________________________________________ 21 General Motors Corporation ___________________________________________________ 22 HSBC ____________________________________________________________________ 23 Ingersoll Rand Company Limited _______________________________________________ 24 ITT Corporation ____________________________________________________________ 25 The McGraw-Hill Companies __________________________________________________ 26 National Gypsum Company____________________________________________________ 27 Norfolk Southern Corporation _________________________________________________ 28 Office Depot, Inc. ___________________________________________________________ 29 Owens Corning _____________________________________________________________ 30 Pfizer Inc _________________________________________________________________ 31 The Procter & Gamble Company ________________________________________________ 32 Siemens Corporation _________________________________________________________ 33 Springs Global US, Inc _______________________________________________________ 34 State Farm ________________________________________________________________ 35 Weyerhaeuser Company ______________________________________________________ 36 Xerox Corporation ___________________________________________________________