stated that the company is planning on capital improvements to the buildings

Stated that the company is planning on capital

This preview shows page 4 - 6 out of 9 pages.

Group Inc., stated that the company is planning on capital improvements to the buildings acquired in the expansion, in order to bring the portfolio into alignment with Minto’s standard for energy conservation and efficiency (Canada, N., 2012). The Expansion as an EBM process: Success or Failure? Ecosystem based management, is a management approach that seeks to balance ecological, economic, and social goals and objectives toward sustainable development, this approach considers the entire ecosystem, including humans (An Ecosystem, n.d.). The major goal of an EBM approach “is to maintain an ecosystem in a healthy, productive, and resilient condition so that it can provide the goods and services humans need and want” (An Ecosystem, n.d.). One of the six key aspects of EBM is “ Integration of ecological, social, and economic goals and recognition of humans as key components of the ecosystem” (An Ecosystem, n.d.). Minto Group understands the affects humans can have on the environment, and have policies to help control human impact. The Calgary expansion caused employee air travel emissions to increase during the process by approximately 60% (Minto Group, 2012). To counteract this, in Ontario, Minto has implemented a ViaRail employee discount program to encourage more rail travel and will continue to promote alternate modes of transportation in 2013 (Minto Group, 2012). Also in 2012 , total electricity consumption increased due to the addition of more buildings from the expansion, and the unprecedented warm weather (Minto Group, 2012). Even though total consumption increased, they managed to control the impact by ongoing energy monitoring, lighting retrofits, motor controls and improved system operation (Minto Group, 2012). Another aspect of EBM is “accounting for the complexity of natural processes and social systems and using an adaptive management approach in the face of resulting uncertainties” (An
Image of page 4
EBM as a Business Practice 5 Ecosystem, n.d.), in the case of the expansion project, there was un controllable natural process of warm weather, that they handled by implementing policies to reduce the impact. This is a great example of strong EBM practices. After reviewing the expansion project, Minto Group only followed two of the six aspects of an EBM practice. In accordance to a EBM system the expansion project into Calgary was not a successful one. Although they follow EBM practices in other areas of their operations, when expanding into Calgary, they did not follow those same goals. There are three components of an EBM system, that Minto Group does not follow in this expansion or in other sustainability efforts. They stated they would align the buildings of the new acquisitions to their standards of energy conservation and efficiency. However, none of the sustainability reports from, 2012, 2013, or 2014 records any changes to their buildings in Calgary. Therefore, the expansion project was not successful in terms of a EBM approach.
Image of page 5
Image of page 6

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture