Interface Flor - Csr

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Corporate Social Responsibility
Sustainability Report – InterfaceFLOR

A CSR Analysis & Report By (Group 6): Kunal Matta | F032 Gaurav Tolani | F057 Prashant Singh | F054 Ankit Mundhra | F035 Anusha Venkat | F058 Akanksha Singh| F052 “We enjoy the process far more than the proceeds” - Warren Buffet Corporate Social Responsibility -Sustainability Report Page 1

CONTENTS
1) INTRODUCTION ------------------------------------------------------------------------------------ 03

2) TRIPLE BOTTOM LINE ANALYSIS ---------------------------------------------------------- 04 a) Profit b) Planet c) People 3) MISSION ZERO ------------------------------------------------------------------------------------- 06 a) Eliminate Waste b) Benign Emissions c) Renewable Energy d) Closing the Loop e) Resource Efficient Transportation f) Sensitizing Stakeholders g) Redesigning Commerce 4) LET’S BE CLEAR ----------------------------------------------------------------------------------- 15 a) Life Cycle b) Reduce Waste 5) SUSTAINABILITY INTEGRATION INTO BUSINESS ------------------------------------ 18 a) Entropy b) TacTiles c) Fairworks 6) COMPETITORS ------------------------------------------------------------------------------------- 19 a) Kajaria Ceramics b) Asian Tiles World- Asian Granito India Limited 7) SUSTAINABILITY PERFORMANCE IN DOMESTIC MARKET ---------------------- 21 8) GLOBAL BEST PRACTICES--------------------------------------------------------------------- 22 a) People b) Community c) Design 9) ANALYSIS AND CRITIQUE --------------------------------------------------------------------- 24 10) AWARDS----------------------------------------------------------------------------------------------- 24

11) GROUP SUGGESTION----------------------------------------------------------------------------- 26

Corporate Social Responsibility -Sustainability Report

Page 2

1) INTRODUCTION

Interface, Inc. began life in 1973 when founder, Ray C. Anderson, recognized the need for flexible floorcoverings in the modern office environment. . From mill to management, vision has always been the rule—not the exception. In response to the needs of the commercial office sector, Anderson led a joint venture between British company, Carpets International Plc. (CI), and a group of American investors to produce and market modular soft-surfaced floorcoverings. And with this Interface was born. The company started with 15 employees and by 2011 it had grown to strength of 5000. In 1987, the company‘s name was changed to Interface, Inc. With its acquisition of Heuga Holdings B.V. – one of the world‘s oldest manufacturers of carpet tiles – Interface became the undisputed world leader in modular flooring. A short time later, Interface invested in Prince Street Technologies, Ltd., a producer of upper-end broadloom carpet now known as Bentley Prince Street, Inc. It entered the residential market in 2003 with the introduction of FLOR. Over the years, the company‘s growth has been augmented by more than 50 acquisitions. The Interface Innovations Network was set up to learn from the past and to look towards the future, to consider the implications of the various challenges that the company has faced, and also develop solutions that answer the emerging challenges in a sustainable and socially responsible way. Ultimately, this network will act as an innovations pipeline, keeping the company at the forefront of their industry and helping them to evolve in tune with social and environmental expectations. At the heart of everything Interface does as a business is the Mission Zero1 pledge. This was their vision of becoming totally sustainable – and ultimately restorative – by 2020. Along with this, the company also believed in sharing their experiences with others. InterfaceRAISE is a consultancy setup to help forward-thinking businesses find ways of placing sustainable practices at the heart of their operations, and enjoy the business rewards of doing so...
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