PwC UK’s Post

🌍 Sustainability in the C-suite: Is the CSO Role Even Sustainable Anymore? Amrop's latest report delves deep into the sustainability challenges faced by today's C-suite. Amid rising stakeholder demands and increasing complexities, mere regulatory compliance isn't enough. Stakeholders want businesses to aim higher, pushing boundaries beyond traditional benchmarks. 🌿 Key Highlights: ·     ESG reporting's increasing demand on resources. ·     The intricate balancing act between Planet, People, and Profit. ·     The pivotal but evolving role of the Chief Sustainability Officer (CSO). Just as Amrop’s Global Digital Practice brings together local expertise with global insights, this report unearths the pressing sustainability issues faced by organizations worldwide. Join us in welcoming this in-depth analysis, a reflection of our commitment to understanding and solving the evolving challenges of the modern business landscape. 🔗 Read the full report and discover why the current role of the CSO might be due for an evolution. https://lnkd.in/dWM4-FPN #AmropInsights #SustainabilityChallenges #CSORedefinition #AmropAzerbaijan

Just jumped out of an impressive #ESG focused webinar presented by CoreNet Global where JLL's Head of Global Sustainability Product, Monique Vulta, hit the nail on the head with this statement: "If EGS is costing you more, you are doing it wrong." Tracking and reporting ESG can be tricky, especially if the metrics aren't well-defined or the data is hard to gather. It's a common challenge for many companies as they might need to rethink their strategy. Starting the ESG journey often requires a cultural shift and a commitment from all levels of the organization. Sometimes, the challenge lies in knowing where to begin and how to set meaningful goals. I'm curious to know, what are your thoughts or experiences on this?

Managing Director of KPMG Sustainability Consulting (Taiwan), Dr. Niven Huang, underlines how ESG is not ‘nice-to-have’ as a certification, but must be fully integrated into the DNA of our companies to sustain Mother Nature and global stability. Explore more of his perspectives within the 'Sasin Collaborative Thought Leadership: Transforming Our Critical Systems' series. #ESG #Sustainability #SustainabilityTransition #Transformation #ThoughtLeadership #SystemicChange #CriticalSystems

In the first of a new series, Teneo's Martha L. Carter, PhD, Matt Filosa, Sydney Carlock, Sean Quinn and Diana Lee analyze 250 sustainability reports from S&P 500 companies to highlight key takeaways and statistics within the ever-changing #ESG landscape. We hope this series will help companies strategize on how to communicate ESG strategies and initiatives within annual sustainability reports. https://hubs.li/Q022Cmy80 #Sustainability #SustainabilityReport

You may find this blog from CPA Ontario helpful, discussing the outcomes of the World Economic Forum. Interesting read. #sustainability

⚠️@ESG experts⚠️ Recently, Wolters Kluwer participated at The Economist Impact's Sustainability Week. My colleague Robert Davis, VP of Product Management, presented at the event about: ➡️ How technology can unlock value from ESG ➡️ How superior ESG performance provides a competitive edge ➡️ How ESG is a driver for corporate performance ➡️ How you can analyze ESG data to identify risks and opportunities Watch the video of his presentation 🎥👇 #ESGsoftware #Enablon

Ready to transform your sustainability reporting? New PwC Global CSRD Survey: Navigating the Future of Sustainability Reporting 🌿📊 Key findings: 90%+ companies use/plan to use spreadsheets for reporting 57% will first file under CSRD in 2025 (FY2024 data) Top benefits: environmental performance (51%), stakeholder engagement (49%), risk mitigation (48%) Challenges: data availability, staff capacity, tech investments Despite hurdles, companies see CSRD as a catalyst for sustainable business strategies. Read the full survey below. #CSRD #SustainabilityReporting #ESG #PwCInsights

❓ What are the key trends that business leaders should be aware of in the second half of 2023? 🗞️ In this Raconteur article by Clara Murray, our Chief Innovation Officer, Ed Wealend and other sustainability experts weigh in on the most important themes for business leaders in 2023 – from ‘#greenhushing’ to the ever-increasing tangle of #ESG regulation and #inflation. ➡️ While momentum in public debate is building towards achieving net-zero goals, driven by new laws like the Corporate Sustainability Due Diligence Directive (CSDDD), there is caution from investors when it comes to weighing up risks and opportunities. Concerns about consumers making fewer sustainable choices due to the rising cost of living and inflation have been increasingly voiced in the past. 💬 Ed notes that inflation is having a “significant impact” on investment decisions. “While we’re not seeing activity come to a complete halt, we are seeing more caution from investors when it comes to weighing up risks and opportunities.” 💬 He adds: “It’s very easy to set a target and shout about it: investors now want proof that the funds they’re investing in have credible, complete, and costed pathways to achieving those goals, not marketing slogans or activity that is ultimately greenwashing – whether intentional or not.” #sustainability #LongevityPartners

ESG/Sustainability 101 What is ESG/Sustainability Sustainability has become an extraordinarily disruptive phenomenon impacting business in a multitude of different ways. From political decision-making to our daily lives, sustainable thinking is infiltrating the very fabric of our society. A recent Deloitte study showed that 67% of participants were willing to pay up to 41% more for products if they were sustainable, and that inclination was higher among younger age groups. In 2022, almost all respondents (97%) to Deloitte’s C-Suite Sustainability Report indicated that their companies have already been negatively affected by climate change which has disrupted business models and supply networks worldwide. The International Sustainability Standards Board (ISSB) defines sustainability as “the ability for a company to sustainably maintain resources and relationships with and manage its dependencies and impacts within its whole business ecosystem over the short, medium and long term. Sustainability is a condition for a company to access over time the resources and relationships needed (such as financial, human and natural),ensuring their proper preservation, development and regeneration, to achieve its goals”. Is ESG and Sustainability the same? Well, they can be used interchangeably, however, we measure sustainability through ESG. ESG stands for E-Environmental, S-Social and G-Governance. To measure how sustainable a company is, we can measure the company's environmental, social, and governance impacts. in our next class, we will look at some parameters/elements to be considered under the E, S, and G. hope you have learned something new today.

Our new #ESG report highlights the transformation of #sustainability into a #board-level responsibility. Nevertheless, insights from 50 in-depth interviews with Chief Sustainability Officers and managers reveal that sustainability-focused organizations are still developing in maturity, including in response to new reporting requirements, such as the #CSRD. Read the full report: https://bit.ly/3T6zghZ #EU #EULegislation