Kodak utilizes multi-year goals to address our priority, material issues. Through a process of strategic planning and deployment, annual performance expectations to support achieving these multi-year goals are cascaded throughout the Company. Performance is reviewed monthly to ensure activities remain on target and our goals remain on track.
This current goals process dates back to 1998, when we made a shift from simply reporting the end results of internal initiatives to committing to a public of multi-year performance goals and sharing progress on an ongoing basis. Since that time, the scope of the goals has evolved from operational excellence to a more balanced representation of the operational, product, and social aspects, as described below.
Operational Excellence
The first set of public goals set an ambitious five-year program to voluntarily reduce emissions, conserve natural resources and improve the system by which we manage our environmental responsibilities. The next set of goals established improvement targets for many existing indicators and included new elements to address employee health and safety.
Responsible Growth
In 2006, our Responsible Growth Goals reflected our changing business model and evolution to a digital imaging company. These targets acknowledged a greater supplier role, encompassed an ever-broadening portfolio of products, and integrated strategic social aspects. While reductions in energy use, water use, and greenhouse gas emissions remained priorities, we discontinued other corporate-wide operational goals where significant improvement already had been achieved while empowering facilities to set similar goals specific to their own local situations.
Sustainability
As the Company, emerged from the transfornation as a digital company, our goals needed to reflect the new Company, our new challenges, and emerging issues on the world stage. The current set of Sustainability Goals, announced in 2008, set clear expectations for products, suppliers and employees. New focus areas include an emphasis on enabling employees to integrate sustainability principles into their everyday work, a target for increasing the number of ENERGY STAR qualified products and a renewed initiative to measure and further reduce Kodak’s water usage worldwide. In addition to the pursuit of the Sustainability Goals, worldwide manufacturing sites and businesses will continue to set additional local goals.
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Kodak Unveils New Worldwide Sustainability Goals - Company Surpasses Current Responsible Growth Goals
On June 4, 2009, Kodak announced a new set of three-year Sustainability Goals. This announcement came on the heels of a prior program that reduced carbon emissions in an amount equal to taking 190,000 cars off the road. The new Sustainability Goals are the fourth set of voluntary goals established by Kodak , building on the company's long history of public commitment to health, safety, and environmental performance. The new goals broaden Kodak's focus by boosting expectations for products, suppliers, and employees. In addition to the pursuit of the Sustainability Goals, worldwide manufacturing sites will continue to set additional local goals. Read more.
