Riordan Manufacturing: Importance of Sustainability

Riordan Manufacturing is a global plastic manufacturer in a growing industry that is focusing more and more on the importance of sustainability. Riordan’s four plants in China, California, Georgia, and Michigan are looking to improve its sustainability practices company-wide. The following will summarize the objectives, targets, and programs that must be focused on and implemented in order for the company to flourish as an environmentally safe business. In the same way, technologies, strategies, products, or practices Riordan Manufacturing may use to increase sustainability will be identified. Lastly, Team B will identify the three best practices for the company to implement. In reference to the current business practices audit, Riordan Manufacturing has identified waste production and energy consumption as targets for sustainability efforts. To be specific, there will be an energy use reduction while increasing the use of renewable energy sources. Secondly, there will be a reduction of plastic waste production while increasing the recycling of this waste plastic. After reviewing the Riordan Manufacturing Intranet website, Riordan’s main cost of production is the price of energy. Because of this, the first best practice Riordan should implement is the installation of solar panels. To offset the cost, Riordan will install solar panels at all locations, including their corporate offices. Riordan must keep in the mind the cost of implementation, maintenance, and target metrics. In the beginning on this implementation, Riordan will seek low interest loans. Each location will monitor total outside energy consumption against the month of the previous year on an annual basis to ensure compliance and success. Success will be decided on the effectiveness of Riordan’s employees to reduce its reliance on outside energy and decrease the impact on the environment.
Riordan Manufacturing needs to reduce the company’s energy waste by eliminating standby power.