ERM Sustainability Institute’s Post

Start your transformative journey today: learn how to execute your sustainability strategy and lead systemic change! Join our 'Executing Sustainability Strategies' to upgrade your existing sustainability strategy and take it to new heights. Explore innovative approaches, enhance your social and environmental impact and create a roadmap for a more responsible future. Together, let's redefine what sustainability means for your organisation and create a thriving future for generations to come. One key highlight of the programme is The GOLDEN Sustainability Dataset, which is a unique digital database of sustainability initiatives by over 5,000 companies spanning the last 30 years, across all key sectors and countries, categorised by the UN Sustainable Development Goals. The dataset informs the content of the programme, and its findings will ignite your learning on how to best address crucial sustainability issues in a way that creates value for all. Find out more here: https://imprl.biz/3mNUkOd #SustainabilityStrategy #ImpactfulChange #EnvironmentalResponsibility #SustainableFuture

Milestone is thrilled to unveil its 2023 Sustainability Report: Foundations for Sustainable Growth. Last year, Milestone experienced a profound transformation that set us up for a new phase of growth and development. For this reason, we focused our resources in 2023 on establishing robust foundations that could guide and support the sustainable growth we continue to experience. This Sustainability Report examines these foundations and sheds light on how our sustainability program is designed with value-creation objectives in mind. We are also proud of the improvements we achieved in our Carbon Sequestration efforts, and our Environmental, Social, and Governance metrics, which are featured in the Report. Read all about our progress in our sustainability journey, as well as other notable achievements, in our 2023 Report at https://hubs.li/Q02DDVXK0. #Sustainability #ESG #SustainableGrowth #CarbonSequestration

Discover the top 100 companies leading the charge on sustainability in 2024! In this article, learn how corporate leaders are stepping up their investments in green solutions and driving the global transition to a greener economy. #GreenBusiness #Sustainability https://bit.ly/3J4RtYA

This article highlights the pressing need to transform markets to make #sustainability an imperative rather than a mere choice is highlighted. Reflecting on 50 years of promoting responsible business practices, John Elkington emphasises that merely improving individual companies is not enough when the broader market environment remains unchanged. This realisation comes amidst a backdrop of companies retracting their sustainability commitments, often citing market unpreparedness as a reason. John draws parallels with Clayton Christensen's The Innovator'sDilemma, suggesting that incumbent industries often resist change, finding themselves trapped in outdated markets. https://lnkd.in/gWk4kfBQ

Milestone is thrilled to unveil its 2023 Sustainability Report: Foundations for Sustainable Growth. Last year, Milestone experienced a profound transformation that set us up for a new phase of growth and development. For this reason, we focused our resources in 2023 on establishing robust foundations that could guide and support the sustainable growth we continue to experience. This Sustainability Report examines these foundations and sheds light on how our sustainability program is designed with value-creation objectives in mind. We are also proud of the improvements we achieved in our Carbon Sequestration efforts, and our Environmental, Social, and Governance metrics, which are featured in the Report. Read all about our progress in our sustainability journey, as well as other notable achievements, in our 2023 Report at https://hubs.li/Q02DDT0C0. #Sustainability #ESG #SustainableGrowth #CarbonSequestration

Why is it so important to drive the sustainability conversation? We caught up with Alex Matthews, CBA’s EGM Environmental and Social, to share some insights at our Momentum sustainability conference last week. He discusses the importance of new technology, collaboration, and supporting customers in opportunities that make economic sense and deliver sustainability benefits. If you’d like to learn more about how we’re supporting Australia’s transition to a net zero economy by 2050, visit https://lnkd.in/gf-CKBjg. #CommBankMomentum #Sustainability 

Businesses are to rethink their operations in the context of sustainability the thanks to better sustainability practices and reporting. An unique opportunity to transform for the better. Businesses have the potential to unlock new opportunities for value creation and deliver sustained, sustainable outcomes that create fair future.

It's a stark reality that sustainability, despite its noble intentions, often falls short of its promises. In many cases, businesses prioritize economics over environmental concerns, viewing sustainability initiatives as mere checkboxes to appease stakeholders or comply with regulations. The root of the issue lies in a systemic imbalance where short-term gains overshadow long-term sustainability. Companies chase trends rather than embracing sustainability as a core value. The result? Superficial efforts that lack genuine commitment and fail to address the urgent environmental challenges we face. To remedy this, we must shift our mindset from viewing sustainability as a mere obligation to recognizing it as an integral part of business strategy. This requires fostering a culture of genuine responsibility, where sustainability isn't just a score on a report, but a fundamental principle guiding every decision. By aligning economic interests with environmental stewardship, we can pave the way for meaningful change and create a future where business thrives in harmony with the planet. Let's transform sustainability from a buzzword into a catalyst for true progress. #Sustainability #BusinessEthics #EnvironmentalStewardship #FutureOfBusiness

This is a very insightful read from the ERM Sustainability Institute. A couple of exerpts and call outs; 1) "A recent survey of a set of public and private companies across Asia-Pacific, Europe, and North America found that 85 percent consider sustainability a long-term value creation opportunity. The same survey found that value creation was also the number one reason companies pursue sustainability action." Comment: Amazing that we have reached the point in the evolving narrative around investing in sustainability-driving solutions that companies en mass are investing because it is good for the business. Personally, I will take the W regardless of how we got here. 2) "Despite growing recognition of sustainability’s value creation benefits, companies are more frequently walking back their sustainability goals. Unilever, once sustainability’s leading light, retreated from its goal to cut its virgin plastic use in half by 2025 when it announced in April that it is now aiming to only reduce use by a third and not until 2026. Other companies are also slowing their efforts. Volkswagen once aimed to reduce its CO2 emissions from cars and light commercial vehicles 30 percent by 2025. It now aims to achieve the same emissions reductions by 2030. In June, Tractor Supply Company released a statement announcing that among other actions, it would no longer share data with the Human Rights Campaign, eliminate all its Diversity, Equity, and Inclusion (DEI) roles, retire its DEI goals, and shelve its carbon emissions goals." Comment: A reminder that when business gets rough, ESG often pays the price. A good example of what I have prevoiusly called the "regulatory safety net" kicking into gear with the 15% of businesses that do not see sustainability investment as a value generator. Nick Vyas Sid Vyas Soumyo J. Ganguly David Stepp Maneesh Apte Dominique Chantale Alepin Roger Sklar Aida Greenbury