MARKETING AND COMMS -
Confronted with an ever-growing demand for transparency and materiality, companies need to find an adequate format to publish both financial and pre-financial information to their stakeholders in an effective way. While traditional reporting reaches its limits, online integrated reporting features a number of key advantages that enable them to get the job done.
It is fair to say that 2017 was an important year for corporate reporting. A number of events established the disclosure of relevant ecological, social and governance (ESG) specific data as the “new normal”:
SUPPLY CHAIN -
Supply chains are making headlines once again — and for all the wrong reasons.
SUPPLY CHAIN -
On January 30th, Humanity United, a California-based foundation and leader in supply chain advocacy, announced the launch of a $23 million venture fund to invest in ethical supply chain innovations. The Working Capital Fund is unique in that it will not issue grants, but rather make real investments in companies with the goal of accelerating the process of building scalable solutions to improve labor practices in the global supply chain.
WASTE NOT -
Globally, food loss and waste prevention efforts at farm and production level are, in many respects, still in their infancy. Many growers around the world are not required to record or report on their post-harvest crop losses — the dearth of data in this area makes it hard to determine exactly how much food never makes it beyond the farm gate.
PRODUCT, SERVICE & DESIGN INNOVATION -
Between a growing global population — which is estimated to reach 9.5 billion by 2050 — rapid urbanization and climate change, shifting agricultural to a more sustainable model is essential for safeguarding the future of our food system. Startups in the United States and Singapore are ready to rise to the challenge, championing food sustainability through new technologies and infrastructure solutions designed with urban environments in mind.
PRESS RELEASE -
GRID Alternatives, a national leader in making clean, affordable solar power and solar jobs accessible to low-income communities, announced today a $500,000 grant from Bank of America Charitable Foundation to support its SolarCorps Fellowship Program. This national grant builds on the bank’s past support for GRID in locations in California and Colorado.
SUPPLY CHAIN -
An estimated 150 million metric tons of plastic waste are in the ocean today and every year around eight million metric tons more are being added. Earlier this year, the Ellen MacArthur Foundation warned that by 2050 there will be more plastic than fish in the world’s oceans if a more effective system for global plastics is not put into place.
NEW METRICS -
We need to make better decisions to avoid the potentially severe consequences for businesses operating in a deteriorated environment. The social and environmental megatrends will, over time, act as a drag on prosperity as the costs of basic inputs such as water, energy and land escalate in response to scarcity.
LEADERSHIP -
Dr. Eban Goodstein is a contradiction of sorts.
Trained in “the dismal science” — economics — Goodstein is an inveterate optimist about the prospects for business to lead the way to a sustainable future, and sooner rather than later. He is turning that optimism into reality as director and founder of the Bard MBA in Sustainability program in New York City. That Goodstein is at the forefront of the sustainable MBA world is not surprising when one considers his career path.
MARKETING AND COMMS -
Shifting an entire product portfolio to align with an ambitious sustainability strategy is no small feat. Even those considered leaders in corporate sustainability are still refining their approach. This session on day two of SB'17 Copenhagen explored how sustainability scorecards have been developed and used to support product innovation processes for sustainability at several major brands.
In introducing the session, Eric Mugnier of EY France set the scene: Companies are increasingly expected to bring sustainable solutions to market through innovating and preferentially investing in products that are good for life.
PRODUCT, SERVICE & DESIGN INNOVATION -
Maybe you remember visiting a post office to pick up one of your online purchases and seeing the hundreds, even thousands, of packages going to other shoppers — to be used once and thrown away.
Sure, online purchases need to be individually labelled and protected for transport, so some form of packaging is necessary. But shouldn’t we as environmentally conscious purchasers have a say in how our goods are packaged? And shouldn't sustainably minded brands be able to offer their customers a choice in this matter? Because surely shoppers and brands would choose a returnable, recyclable package for transporting online purchases — especially if it made economic sense.
This is where RePack comes in.
WALKING THE TALK -
If you’re a U.S. business leader, this week likely threw you into a professional conundrum: Should you take a public stand against white supremacy knowing you’ll jump into treacherous political waters?
NEW METRICS -
A close friend and colleague of mine, Joe Firestone, once pointed out that along with new conceptions of the world (i.e., new paradigms) come corresponding requirements for new measurement models. We simply cannot measure things in old ways when the things we’re trying to measure are entirely new. New constructs usually call for new metrics.
NEW METRICS -
In 20 earlier parts of this series,Claire Sommer,Jill Lipotiand I developed 38 pitfalls in the sustainable business metrics field, based on the experiences of many mostly non-business fields (Find them here.).
THE NEXT ECONOMY -
With UK Prime Minister Theresa May putting Article 50 into effect, many questions have arisen in regards to the UK’s sustainability agenda. Uncertainty exists about whether the economic powerhouse and EU defector will adhere to the ambitious goals laid out by its counterparts on the continent or if it will take a more reserved approach to the climate goals outlined in the Paris Agreement. But even if the UK decides to continue pushing an ambitious agenda, deeply rooted politics and red tape could prove problematic for progress.
WASTE NOT -
Last month, Indonesia pledged to cut plastic pollution by an astounding 70 percent by 2025, in response to the UN Environment Programme’s #CleanSeas campaign. This commitment is a huge step forward in reducing the more than 8 million tons of plastic going into our oceans every year.
LEADERSHIP -
Change is one of the most challenging elements of life within an organization. To sustain a change agenda moving away from behaviors and decisions that are life-destroying to becoming life-enhancing, the nuances of both corporate culture and the patterns of human behavior need to be understood. This requires systems thinking - also called visual seeing and thinking skills.
I sat down with Fritjof Capra, one of the world’s most distinguished scientists and systems theorists, to discuss the implications of systems thinking for business, leadership and society.
ORGANIZATIONAL CHANGE -
The first of a three-part proposal for using sustainability to recharge America's problem-solving.
THE NEXT ECONOMY -
The business case for sustainability, particularly the circular economy, is a strong one, and more and more researching is backing it up. A recent report by the Business & Sustainable Development Commission pointed to sustainable business models as the key to unlocking trillions of dollars in economic opportunities, and WRAP revealed that brands across the UK saved over £100 million simply by reducing food waste.
THE NEXT ECONOMY -
A recent report by the Ellen MacArthur Foundation and a number of new initiatives sweeping Europe have highlighted the convincing business case for companies to adopt circular principles into their business models. The latest development on the path to a circular economy? A new project across the UK and the Netherlands called REBus.