New Metrics
The new and evolving metrics that are helping expand the way businesses create, quantify, manage and report their impacts, and the value they deliver.
Practice What You Preach Can Now Be Measured
There’s a new wave of research that is measuring whether companies’ purpose matches their actions. What it’s found my not be surprising: Globally, there is a purpose-action gap among corporate brands. “It’s time to move from thought leadership to action leadership,” said Charlotte West, director at Business in the Community, a responsible business network in the UK. “We can genuinely make the world a better place by practically embedding purpose in our brands. And a good, resilient purpose should have sustainability at its heart.”
Where Does Your Brand Fall on the Sustainability Maturity Scale?
“For many organizations, the largest challenge is to implement sustainable initiatives.” So stated Daniela Pigosso, co-founder of management consultant firm Essensus, as we began one of the first round of workshops at SB’16 Copenhagen. For the next three hours we learned and discussed how to develop a structured approach to sustainability. It’s Monday morning, and the crowd is smiling. Everyone seemed ready for some serious learning.
How Becoming Future-Fit Is Helping The Body Shop in Its Quest for 'True Sustainability'
“I think we have to be challenging to each other. If we look at the state of the planet, and we look at the performance of business, there’s something not working there.” Chris Davis, The Body Shop’s international CSR and campaigns director, isn’t afraid to cut to the chase. The company’s Enrich not Exploit commitment, launched earlier this year, is a quest to deliver what Davis calls “true sustainability” – in simple terms, it means putting the needs of the planet before corporate interests.
5 Commonly Missed Opportunities in Corporate Sustainability
Sustainability has finally gone mainstream (or, at least, the desire to be seen as doing important work around sustainability and benefit from sustainability credentials has gone mainstream). Well, OK, at the very, very least the desire to be seen as having great sustainability programs is mainstreaming among large multinationals and a growing wave of environmentally or socially minded startups.
Setting the Bar High Enough, Part 5: Why Setting Science-Based Targets Isn't Enough
In this series of articles, the team at the Carbon Trust outlines the reasons for businesses to adopt science-based targets on climate change. This is the fifth and final part of the series; find the other parts here: Part 1: Why do we need to set science-based targets on climate change? Part 2: What exactly is a science-based target?
Setting the Bar High Enough, Part 4: Making the Internal Business Case for Science-Based Targets
In this series of articles, the team at the Carbon Trust outlines the reasons for businesses to adopt science-based targets on climate change. This is the fourth in the series; find the other parts here: Part 1: Why do we need to set science-based targets on climate change? Part 2: What exactly is a science-based target?
Setting the Bar High Enough, Part 3: Why Should Companies Set Science-Based Targets?
In this series of articles, the team at the Carbon Trust outlines the reasons for businesses to adopt science-based targets on climate change. This is the third in the series; find the other parts here: Part 1: Why do we need to set science-based targets on climate change? Part 2: What exactly is a science-based target?
Setting the Bar High Enough, Part 2: What Exactly Is a Science-Based Target?
In this series of articles, the team at the Carbon Trust outlines the reasons for businesses to adopt science-based targets on climate change. Read part one. To put it simply, a carbon emissions target is defined as science-based if it is in line with the scale of reductions required to keep global temperature increase below 2°C compared to pre-industrial temperatures.
Setting the Bar High Enough: The Case for Science-Based Targets on Climate Change
In this series of articles, the team at the Carbon Trust outlines the reasons for businesses to adopt science-based targets on climate change.
CISL Reveals Insights from Testing Natural Capital Protocol, Launches Protocol Application Program
With increasing pressure on natural resources and the accompanying impact on the environment, more businesses are beginning to realize the importance of properly valuing the natural resources upon which they depend. To do this they need to include ‘natural capital’ in their decision-making processes alongside other forms of capital, such as financial and human capital. The challenge for companies is a lack of data, tools and processes to facilitate business decision making in a rigorous and consistent way.
Natural Capital Protocol Promises to ‘Revolutionize’ Business Value, Decision-Making
Two years in the making, the first global Natural Capital Protocol was launched today. The standardized framework brings together and builds on a number of approaches that already exist to help business measure and value natural capital. The Natural Capital Coalition suggests that by harmonizing these existing approaches, businesses everywhere can benefit from understanding their relationships with nature.
It Is Time to Develop and Apply a Set of Standardized Sustainability Metrics
Efforts to measure corporate sustainability performance are now rampant. Many companies are actively working to improve the measurement of their sustainability impact; a Google search of “corporate sustainability metrics” yields 1.25 million results. Unfortunately, it is still unclear how corporate sustainability performance should be measured. A set of standardized metrics is needed to improve sustainability measurement and reporting.
Leaders Discuss Paths to Health, Well-Being and Net Positive at the SHINE Summit 2016
Last week Harvard’s Sustainability and Health Initiative for Net Positive Enterprise (SHINE) hosted its annual Net Positive Summit to showcase the latest trends in well-being and health, and how they factor into creating Net Positive impacts. SHINE’s mission is to help corporations across all sectors measure and accelerate the ways in which they help the world become a healthier, more sustainable place. The summit showcased how integral well-being – which includes a combination of employee health and the health of the planet – is to creating a flourishing future.
New Science Advisory Council Looks to Shape Ag Sustainability Measurement
Yesterday, Field to Market: The Alliance for Sustainable Agriculture announced the launch of a new Science Advisory Council focused on informing the membership-based organization’s “science-based approach to delivering sustainable outcomes at the field and landscape levels.” Comprised of 12 experts, the Council is being asked to develop a sustainability standard for commodity crop production in the United States that “helps catalyze continuous improvement in environmental outcomes.”
The Body Shop Is Using the Future-Fit Business Benchmark to 'Enrich Not Exploit' - and You Can, Too
We have entered a new era: the Anthropocene, an era characterized by humans as the dominant influence on climate and the environment. We are causing changes at such an unprecedented rate that it has been called ‘the Great Acceleration.’ We are well on our way to exceeding planetary boundaries, and while science has established some understanding of this, it is still rather abstract for us in our daily lives and in our business planning.
Sustainability Investing Evolving, But Much More Change Needed
“I think we’re upright and we’re walking, but there’s no higher cortex functions yet,” said Gregory Unruh, sustainability editor at MIT Sloan Management Review, discussing where we stand in sustainable business evolution during a Tuesday breakout session at SB'16 San Diego. While awareness and valuation of sustainable practices continues to grow overall, investors are demanding more data, better data, and deepening engagement with their investment prospects.
ThriveAbility: A Framework for Improving Capitalism, Activating Purpose
On the week’s theme of Activating Purpose, ThriveAbility Foundation co-founders Robin Wood, Ralph Thurm and Bill Baue led a Monday morning workshop on “thriveability,” their model for a regenerative, multi-capital economy.
BSR, Forum for the Future Partner to Help Companies Quantify, Execute on Net Positive Goals
This morning at SB’16 San Diego, BSR and Forum for the Future launched the Net Positive Project, a cross-sector coalition that aims to expand the number of companies that go beyond reducing their negative sustainability impacts to contribute in a “net positive” way to society, the environment, and the global economy.
FTSE Russell's New Data Model Tracks Ratio of Companies' 'Green Revenues' to Total Revenues
Global index and data provider FTSE Russell today announced the launch of its LCE data model, which measures the “green” revenues of 13,400 public companies, representing 98.5 percent of total global market capitalization. Revenues from a broad range of large, mid- and small capitalization companies in 48 developed and emerging markets are mapped to 60 new green industrial subsectors, with FTSE Russell assigning each company in the model a low-carbon industrial indicator (LOWCII) factor, representing the ratio of its green revenues to its total revenues.
#BusinessCase: Top 9 Reasons for Businesses to Proactively Manage Water
A sustainability manager at a large auto parts manufacturer recently explained the company’s lack of interest in water management this way: “It's not worth our time. Water is too cheap and no one cares." Moreover, the executive acknowledged that even if they did care, they had no idea how to tackle an operational issue that is largely unseen and highly distributed. Doing nothing is a common response, and indicative of the second-class status water still has in much of the business world, including the boardroom.
