Key Components For Ups 's Corporate Sustainability Strategy Essays

808 Words Jun 21st, 2016 4 Pages
Strategy and Structure for Implementing Them
There are two key components to UPS’s corporate sustainability strategy. First, we have the materiality assessment process. The goal of the materiality assessment process is to gather information and evaluate the company in terms of its sustainability. Feedback from government agencies and communities, interviews with management personnel and stakeholder group, are common things you can expect to see on this assessment. After data has been gathered and evaluations are made the material issues are plotted on a matrix in terms of importance and impact. This matrix makes it easier for the organization to focus on their strengths and areas in need of improvement. This chart also plays a significant role in helping to develop the sustainability structure, and aids in the implementation of these programs or processes as well. Secondly, ongoing stakeholder engagement has a major influence on the UPS’ sustainability strategy. UPS uses ongoing stakeholder engagement to receive feedback and criticism that can help them become a better company. Methods such as customer and employee surveys, investor conferences, and communication with universities are all examples of this type of engagement. When the process is complete data is summarized and the most important items are shown in a table on the corporate sustainability report. The process bring forth some of the most vital sustainability issues for UPS, which makes it easier for the…

Related Documents