Senior business leaders discuss their experiences and views on how to reconcile sustainability and sustainable competitive advantage.
"What we care about is advancing life around the world. This is our purpose. It affects every choice we make with respect to our assets; which businesses we will participate in and which we won’t participate in; and how we show up for our varied global stakeholders."
"If reducing carbon also cuts costs, boosts competitive advantage, improves financial performance, enhances employee satisfaction, and aids in recruiting and retention, why aren’t we progressing faster? What holds us back?"
"Business is the most influential institution of our day, ignored at your peril. We can’t solve any of our most important problems—climate, inequality, economic mobility—without business at the table."
"Employees are your biggest partner. They are your allies in the long game. They are very aligned with the health of the enterprise and play a crucial role in driving sustainability initiatives."
"Our clients’ emissions are our emissions; our clients’ decarbonization is also our decarbonization. This is where our clients’ efforts and our efforts are very much aligned. This is why this is all about collaboration, not like competing with other banks, but rather [creating] a partnership and collaboration."
"This is a revolution in economics ... we're saying, let's do things completely differently, let's take behavioral models that are built by observing how people behave."
"We've got to be Net Zero and Nature Positive at the same time. That requires extra capability, extra learning, extra knowledge, and extra tools to be parallel processing climate and nature together.”
"The sustainability dialogue is not just about the environment locally, it's become about the environment globally. People are starting to put value on doing [sustainability] right and that is going to drive another round of innovation."
"If I'm buying a billion units a year, but 30% of them create no economic value, I could buy just the 66-70% and create the same amount of economic value and eliminate the carbon footprint and all the waste associated with that."
Peter, Ron and Dave reflect on the challenges and opportunities that corporate boards and managers are presented with when establishing sustainability strategy.
"Sustainability isn't something to do because it gets a lot of attention right now. For us, it's a key differentiator, it is a strategic driver to where it is going to enhance our bottom line."
"To build trust with their stakeholders, companies now need to focus on the efficient implementation of their sustainability strategies. But steering an ESG strategy is not about sharing information. It's about sharing credible and verified data, coming from the field and form independent third parties."
"We need to become more articulate about how climate intersects our goals on society - and at the end of the day, to acknowledge that we can't separate our environmental and social goals."
Dave and Mark discuss how Grosvenor’s unique legacy and governance structure has facilitated managerial decision-making from a long-term perspective
Dave and Gary discuss how media enterprises can stake out competitive advantage by establishing purpose-driven programming.
“It’s a race without a finishing line and there will always be opportunity to innovate in the field of environment, social, and, governance. There is no real finishing line.
“Purpose is what brings the idea of sustainability and sustainable business together. These are not two separate functions. They are one and the same.”
Listen to Vicki Escarra as she reflects on the importance of cross-sector collaboration to drive meaningful, societal impact at scale while generating benefits for all organizations involved, including corporations.
Listen to CEO of Eneva discussing how his company initiated its sustainability journey.
“To walk the talk on sustainability, companies need to listen to their external stakeholders. They should create a committee of ‘critical friends’, who will challenge them and advise them to develop business solutions that create meaningful environmental and societal benefits.”
“We’re seeing a convergence of values and value. Companies that demonstrate and abide by a clear sense of purpose and values will deliver more value and outperform the market in the long run.”
"It is not about sustainability or business results. It's both, always, at the same time. Sustainability has to be integrated at the heart of the business model."
“My advice to CEOs embarking in this new era of sustainability would be to demonstrate their contribution as a business to society. It is the only way to win, to thrive and be chosen by consumers, employees, investors, and partners. So act, dare and show that you care.”
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