Businesses from around the world honoured at Sustainability Innovation Award Ceremony in Switzerland.
Lausanne, Switzerland, 24 September 2015 – seven companies from around the world will be honoured in recognition of their progress in embedding sustainability at the annual Business for Society Forum of Business School Lausanne taking place on September 26, 2015 in Lausanne, Switzerland. The Sustainability Innovation Award will be received by Alternative Bank Schweiz, The Lancaster London Hotel, Pebbles PVT Ltd., Beechenhill Farm Hotel, Interloop Limited, Dynamic Sportswear Ltd., and ICI Pakistan Ltd.
The award ceremony will include a special forum discussion on key challenges for mainstream businesses to become sustainable with the participation of panelists Martin Rohner, CEO of Alternative Bank Schweiz, Sue Prince OBE DL, CEO of Beechenhill Farm Hotel, and Louise Pitcher representing the Lancaster London Hotel.
The award-winning companies have been selected based on the Business Sustainability Typology (BST) model which classifies companies to different types based on their efforts to move from „business-as-usual“ to „true business sustainability“. The typology was developed by Dr. Thomas Dyllick, University of St. Gallen, and Dr. Katrin Muff, Business School Lausanne, and aims to provide a framework for organizations to engage in the transformation of business by applying best practices in sustainability.
Three of the seven award recipients fall under the BST 3.0 category of „truly sustainable” organizations – Alternative Bank Schweiz, Lancaster London Hotel, and Pebbles PVT Ltd., while another two companies are classified as BST 2.0 “triple bottom line management” – Beechenhill Farm Hotel and Interloop Limited. Dynamic Sportswear Ltd. and ICI Pakistan Ltd. will receive the BST 1.0 “refined shareholder management” award.
The Sustainability Innovation Award winners are promoted as examples of best practices for sustainability, ranging from granting bank loans that generate societal or environmental value (Alternative Bank Schweiz, Switzerland) to establishing cross-sectorial collaborations in the area of educational hospitality (Lancaster London Hotel, UK), to using bio-degradable material for product packaging (ICI Pakistan Ltd., Pakistan), to addressing a broader societal challenge of illiteracy in developing countries by providing quality education to the underprivileged children (Interloop Ltd., Pakistan).
Each of the selected companies and their best practices towards sustainably-run businesses has been featured in a dedicated case study by Business School Lausanne’s doctoral candidates Frederic Narbel, Gülen Hashmi, Nazish Bukhari, and Shamaila Gull. The case studies will be published in a special issue of BSL’s sustainable journal for practitioners, Building Sustainable Legacies.
For further information, please contact:
Sue Prince, Beechenhill Farm, +44 (0) 1335 310467 +44 7821 106006 firstname.lastname@example.org
Denitsa Marinova, Marketing Coordinator, Business School Lausanne, +41 21 619 06 06, email@example.com
About Beechenhill Farm
www.beechenhill.co.uk Sue and Terry Prince, their daughter Alexandra and son-in-law Robert Gray run Beechenhill Farm. They have 3 part time employees. As an organic farm, they are passionate about food, quality and customer service. They offer accommodation (including for wheelchair users), eco weddings and courses and conferences in the beautiful Peak District National Park in the heart of England. The business strives to be sustainable; reducing its environmental impact, supporting its local community, contributing to the global community and enabling others to experience and appreciate a sustainable living. Their mission is ‘to please you, so that you return, in a way that pleases the planet and pleases us too.’
Beechenhill is a holder of a Peak District Environmental Quality Award, Trip Adviser Green Leader Platinum Award and has a Gold Green Business Award. In 2009 and 2012 we were finalists in the Global Virgin Responsible Tourism Awards. In 2012 Beechenhill Farm won the Environmental Business Award in the Sentinel Business Awards. In 2013 we won the Gold award for sustainable tourism in the Visit England Awards for Excellence and became UK Green Hotelier 2013.
About Business School Lausanne
Business School Lausanne (BSL) is a leading innovator in business education and ranks #3 in Switzerland and among the Top 30 business schools in Europe (QS 2014-15 Top 200 Global Business Schools). The school’s ACBSP accredited degree programs include BBA, Masters, full-time modular MBA, Executive MBA and DBA programs. BSL also provides Executive Training in General Management, Corporate Finance (with preparation for the CFA Level I examination), and Sustainable Business (in collaboration with the University of St Gallen). BSL takes a pragmatic approach to learning by applying theory to practice and is backed by a multidisciplinary faculty of business professionals. BSL attracts students from around the world, creating a multicultural environment of more than 60 nationalities. Established in 1987, BSL is the co-founder of the 50+20 initiative on Management Education for the World (www.50plus20.org) in partnership with the Global Responsible Leadership Initiative (www.grli.org) and the Principles of Responsible Management Education (U.N. backed PRME).