Benchmark progress towards sustainability Article

Benchmark progress towards sustainability - Article Example This can be simply put as the effects of the product to the external environment in its entire lifecycle. The third strategy is clean technology also referred to as cleantech. This involves use of renewable energy like solar, wind and biofuels to avoid over utilization of non renewable natural resources. The fourth and final strategy is existence authenticity. This is about the existence and the strategic plan and vision of the company and its effect on social and environmental problems (Hart, 1997). Sustainability has been built since the shift from coal to oil and from gas to electricity light. Hoffman feels that business in the key to elimination of greenhouse gases. This is through building a reputation for clean companies all over the world, also by anticipation of climatic change regulations and human resource management, reduction of operational costs and also being influential in information on sustainability. Chevron Corporation is one of the biggest energy companies in the world based in California. It operates in over a hundred and eighty countries. Chevron formerly known as SoCal is the second largest oil company in the United States and eleventh in the world. It is based in America and it’s a multinational corporation with its headquarters in San Ramon California. It is involved with gas, oil and geothermal exploration, refining, marketing and generation of power. The company has over 11000 wells of natural gas in the United States. The company manufactures lubricants, petrochemicals, additives and fuels which it also sells in the downstream. It contributes billions of dollars to the US economy (Chesser, 2010). In 2008, Chevron was ranked top among companies in California for sustainability reporting after scoring an A+. This shows that the company has put more efforts in sustainability after a series of scandals and lawsuits