OPERATIONS

Report looks at CFOs and sustainability

BY Marianne Wilson

New York City — Although many CFOs have sustainability on their screens, some have yet to fully engage with the new risks – and opportunities – that the "sustainability imperative" presents, according to a survey conducted by Deloitte.

The study, “Sustainable Finance: The risks and opportunities that (some) CFOs are overlooking,” finds there is considerable opportunity for CFOs to shape their companies’ strategic responses to sustainability issues.

Among its key findings:

  • Many CFOs are engaged with sustainability issues as they relates to core finance activities like financial auditing and reporting, compliance, and risk management.
  • Only one-third of CFOs describe themselves as fully involved in sustainability strategy and governance; one-fifth plan to get more involved in the next two years.
  • Nearly half of the CFOs surveyed are planning capital investments that will support the implementation of sustainability initiatives.

The report proposes a number of specific questions that CFOs may want to ask themselves about their readiness to act as leaders in sustainable businesses – and offers corresponding actions for them to take. The report can be downloaded from www.deloitte.comdeloitte.com.

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Lighting Science Group upgrading Villa stores with LEDs

BY Marianne Wilson

Satellite Beach, Fla. — Lighting Science Group is performing an LED lighting upgrade for Villa, the Philadelphia-based urban-inspired apparel and footwear retailer. Villa estimates the lighting upgrade will pay for itself in one to two years, with energy and maintenance savings continuing to shave costs from its bottom line going forward.

The project kicked off at Villa’s store in Toledo, Ohio, where Lighting Science replaced traditional 75-watt PAR halogen bulbs with its 15 watt PAR LED bulbs. The LEDs are approximately 80% more efficient than the bulbs that they replace, Lighting Science said, and have approximately 50% more lumens (light output) than competing products on the market.

By switching to the LEDs, each upgraded Villa store will see a significant reduction in energy usage, in addition to saving money on maintenance and cooling costs, as the company’s bulbs have an expected lifespan of 50,000 hours and emit only trace amounts of heat unlike the halogen bulbs they replace.

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HSN to introduce QR on-air codes

BY Marianne Wilson

St. Petersburg, Fla. — HSN will introduce a new way for consumers to shop with their television when it debuts Quick Response codes live on HSN HD during its bi-annual “Innovation Weekend” event, which runs Oct. 7 to Oct. 10. It will be the first ever retailer to use QR codes on-air.

The QR codes will be featured on HSN’s HD channel which currently reaches approximately 43M households. The event will include hundreds of products, each with its own QR code. When scanned from the television screen, the customer will be able to access the product information page on their mobile device, learn more about the product and also purchase it.

The Innovation event features dozens of name brands and several premiers from electronics leaders.

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