sustainability reporting & corporate strategies
TRANSCRIPT
Presented To:
By: Bill Russell, Transitioning to Green, LLC
Sustainability Reporting & Corporate Strategies
April 24, 2018
Sustainability Context & Progressive Strategies Systems Framework & Performance ManagementMulti-capital Accounting Sustainability Reporting & Doing WellDoing Well & Doing GoodThriving
Presentation Overview
Panel Discussion
Sustainability Context
Context: Company Sustainability
ASSET MANAGEMENT
Natural Capital
Systemsthinking
Core Sustainability Concepts
Intergenerational responsibility
Socio-economicjustice
Enough … … for all … … forever.
Dr. Charles Hopkins, “Enough For All Forever,“ Education Canada, Vol 49 (4), 2009.
Dr. Hopkins is the UNESCO Chair on Reorienting Teacher Education to Address Sustainability.
He attributes the “enough for all forever” phrase to an unnamed African elder who used the phrase
when asked to define “sustainable development,” at a UN conference they both attended.
Nested Interdependencies
Business Impacts The Nests
Boomerang Impacts
Need To Integrate Finance, Risk and Sustainability Efforts
Lucy Nottingham, “Unlock Growth by Integrating Sustainability,” Marsh & McLennan Companies’ Global Risk Center, GreenBiz, and Association for Financial professionals (AFP), 2016.
“Finance, enterprise risk, and sustainability leaders must integratetheir efforts to provide real value in helping their organizations respond to evolving risks and capture competitive advantages.”
“If the sustainability team doesn’t understand the financial metrics and financial implications of sustainability initiatives, it simply won’t be able to work effectively across the organization”
Progressive Strategic Pathways
ESG RATING / REPORTING
ASSURERS
RATERS & RESEARCHERS
AGGREGATORS
THE COMPANY
Regulatory
filings
Voluntary
reporting
STOCK
EXCHANGES $
INVESTORS AND LENDERS
$
$
CERES INCR
UN
Strategy &Policy
Goals and Indicators
Operations & Monitoring
Management Review &Reporting
VALUE CHAIN OR LIFECYCLE BOUNDARIESSY
STEM
STA
GES
Employee & Social Programs
Environmental, Materials & EnergyPrograms
Economic & Financial Programs
Enterprise Systems & Sustainability Performance Management
World Economic Forum (WEF), “Global Risks 2017,” January 2017.
Impact
Likelihood
High
High
Risks To Business
Capture
opportunities
Big Three Justifications
Do the
right thing
Mitigate
risks of inaction
Doing Well: Value Driver Model
Principles of Responsible Investment (PRI) and UN Global Compact, 2013.
Doing Well & Doing Good
17 SDGs For The Society We Want
www.un.org/sustainabledevelopment/sustainable-development-goals
Doing Well & Doing Good
EnvironmentalSocial Governance
<IR> Six Capitals
IIRC, “Consultation Draft of the international <IR> Framework,” April 2013
Thriving : The Daly Triangle
Thriving: Future-Fit Business
If it were to operate forever, it would not only do no harm,
it could do well by doing some net good.
A Future-Fit Business creates value
while in no way undermining
– and ideally increasing –
the possibility that humans and other life will flourish on Earth forever.
Thriving: Reporting 3.0
Thank You!
William G. Russell Principal Transitioning to Green, LLCPhone: 646-345-8836Email: [email protected]: www.transitioningtogreen.com