For CIOs and other business leaders, the importance of building a sustainable and responsible business is undeniable. As the public's focus on environmental, social, and governance (ESG) performance continues to grow, it is essential for businesses to find partners who can help assess their current practices, set goals for improvement, and ensure compliance with industry standards. In this spirit, CTL recently teamed up with Good.Lab to improve and expand its supplier sustainability program and set environmental, social, and governance (ESG) goals. Let's look at how this partnership has helped CTL achieve impressive results in such a short time.
The Benefits of Partnering With Good.Lab
CTL engaged with Good.Lab to help CTL improve our sustainable supply chain and environmental practices, creating a pathway for improved performance.
The results have been impressive: CTL achieved 100% supplier compliance with its Supplier Responsibility Program; leveraged Good.Lab’s ESG Targets Dataset to benchmark performance relative to its peers and competitors; submitted a strong B Corporation certification application; became a member of the Responsible Business Alliance; set calibrated targets for Climate & Energy, Waste Reduction and Diversity, Equity & Inclusion (DE&I); and developed an improvement roadmap with metrics to track progress going forward — as well as to monitor industry developments and emerging requirements on an ongoing basis.
The Impact of ESG Performance on Businesses
As more consumers become aware of the impact that businesses have on society and the environment–and express a preference for those products or services that are associated with responsible behavior–it has become increasingly important for companies to create strategies that focus on improving their ESG performance to remain competitive in the marketplace. By partnering with Good.Lab–a company that specializes in helping businesses develop customized solutions that improve their ESG performance–CTL was able to do just that. The success of CTL’s partnership with Good.Lab serves as an example for other businesses looking for ways to improve their own sustainability programs or establish themselves as top performers in the ESG space.
"CTL's success in refining their supplier sustainability program and making progress towards their ESG goals is a testament to their hard work and dedication. We're honored to have provided the expertise to advance their ESG journey and look forward to continuing to support their sustainability initiatives with our services and software.”
- Liam Bossi, Co-Founder & Head of Product, Good.Lab
The partnership between CTL and Good.Lab shows how much can be done when companies work hard to set goals that are both realistic and ambitious in terms of sustainability practices in all areas of ESG performance. As such, partnerships between companies like CTL and innovative service providers like Good.Lab become increasingly common – it is likely that we will see more businesses striving not only to meet but exceed expectations when it comes to corporate responsibility initiatives.