ESG and Sustainability Risks: Still Not Serious About It?!

August 9, 2022
Hosted by Bonnie D. Graham

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Episode Description

The Buzz 1: “In 1970, Kermit the Frog [voiced by Muppets creator Jim Henson], sang “It’s not easy bein’ green.” Back then, the notion of being green was largely a fantasy.… [Fast forward] Being green is becoming so ordinary that a 2020 study by the US SIF foundation, a membership organisation focused on sustainability, found that roughly one out of three dollars invested in the US — or $17.1tn — has a sustainable mandate. That is a lot of green.” [] The Buzz 2: PWC’s 2021 Consumer Intelligence Series survey on ESG reported that 91% of business leaders believe their company has a responsibility to act on ESG issues. 83% of consumers surveyed said companies should be actively shaping ESG best practices. And 86% of employees preferred to support or work for companies that care about the same issues they do. [] The Buzz 3: An October 2021 BCG global survey reported that despite good intentions, companies say they are struggling to cut their emissions in line with targets. Their inability to measure appropriately is the leading roadblock. [] The Buzz 4: “I was talking with a global company a couple months ago who’s using spreadsheets [to track ESG data] and they know it’s inadequate…but they don’t know where to go…This is not going away… This is the cost of doing business in the 21st century.” [Dr. Mark McNees, Director of ESG Education, Florida State University] “ESG” and “Sustainability” may seem like trendy new buzzwords – because of increased governmental regulations, consumer awareness, and investors’ demands – but what makes this new is the approach as well as the urgency. In the corporate sphere, sustainability gets a lot of attention. Still, little clarity is provided, as many stakeholders and data need to be managed, along with basic systems and the evolving regulatory framework. More focus is needed on the accelerating and simplifying factors that digital transformation can bring to the sustainability journey. Keeping track of the truth through digitalization is crucial for mitigating sustainability risks. With a single source of truth, ESG measures can be scaled, risks can be mitigated, and sustainability ROI can be improved. We’ll ask Shuchi Nijhawan, Joseph Naayem, Indrranil Roychoudhuri and Thomas Harding about the urgency for organizations to tackle this now on ESG and Sustainability Risks: Still Not Serious About It?!

Innovate & Servitize Your Business for Balanced Growth, co-presented by Innolifters and Servitize

Listen On Demand on VoiceAmerica Business Channel

Our world is moving from shareholder value to stakeholder value, from a transaction model to a relationship model…where parameters like climate change and diversity are not just ‘variables’ any longer. The circular economy and the emerging design principals of co-innovation and balanced centricity are becoming your ‘new normal’, where everything you do is integral to a bigger picture. When you design a network, the whole network must benefit from it, co-innovating within the company and for all key external stakeholder groups and user networks. The key to achieving this? Servitization! Servitization instantly connects your products and services and their journeys to companies…companies to ecosystems…ecosystems to stakeholders. And comes full circle back to the products and services. Join host Bonnie D. Graham on your journey to Innovate & Servitize Your Business for Balanced Growth, co-presented by Innolifters and Servitize.

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Bonnie D. Graham

Bonnie D. Graham has been producing and hosting live talk radio since 1998. In 2011, working at the enterprise software leader SAP, she successfully created, produced and hosted the weekly “Coffee Break with Game-Changers” business thought leadership roundtable radio series. Over the next eight years, she developed 45 additional series that attracted millions of listeners around the world. Since becoming an independent broadcaster in 2019, she has also been engaged by other global enterprises to develop and host their radio and podcast series. What powers Bonnie’s passion for radio? She “loves speaking with smart people!”

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August 2022

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