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Blog
What’s Next
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It was most definitely not a day like any other…Thursday June 13, 2013 saw the webcasted launch of Changing Tack, the culmination of our 18-month Regeneration Roadmap research program in collaboration with Globescan. The webcast was preceded by the annual Marks & Spencer Plan A Conference at which former U.S. Vice President Al Gore gave a barnstorming speech. Meanwhile, across London, the B Team launched its Plan B. Not a usual day by any means. Most certainly, something stirs…
Our Regeneration Roadmap analysis sees us poised between a sustainable future and catastrophic collapse. So Changing Tack recognizes the intensely pressing need to accelerate progress towards sustainable development. No less than transformation is needed. The enabling context for such transformation is trust, collaboration and leadership. …
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Sustainable Brands 2013
I had occasion this week to be in San Diego for Sustainable Brands 2013, where I offered opening remarks on the first full day of the conference, June 04. Conclusions from Changing Tack, the final output of The Regeneration Roadmap, were top of mind as I did so.
Sustainable Brands’ theme this year was “From Revolution to Renaissance.” I love the implications behind the words. To me, it suggests that we have broken through into a creative, hyper-productive phase of sustainable development progress and the role brands will play. But, as in the title above, I put the theme to the conference audience as a question – not to query where we are going, but to allow us to step back and look at where we are on the journey, and to consider how we can chart a path forward. And, based on Changing Tack’s conclusions, I suggested that we need to incite still far more people toward revolution at the same time as we push forward the renaissance….
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Bilderberg Hotel in the Netherlands, name-giving location of the first conference in 1954
Thursday 6 June, 2013
Dear Bilderberg members
For 59 years you have been meeting regularly to discuss the issues that most affect Europe and the USA. Looking back to the mid-50s, your original inspiration, to promote an “Atlanticist” approach to help bridge the gaps between the two continents, was no doubt well conceived as the wearisome post-war recovery period dragged on.
But it was not this aim that was most prescient. Your founders realized the potential of a cross-sector approach to international challenges. This approach brings policy makers, business, and civil society together in ways not possible in the normal discourse. As we look to the challenges the world faces now, it is clear that this is the very type of collaboration that is so badly needed – one that cuts across traditional boundaries….
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Between traditional news channels, blogs, and social media, it can be hard to keep up with what’s happening in the field of sustainable development. In this roundup the SustainAbility team aims to cut through the noise with a handful of highlights that have caught our eye….
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I was at the Fortune Brainstorm Green conference last week. This annual event, where Fortune magazine “gathers the smartest people [they] know in sustainability,” is a cauldron of ideas and actions focused on finding “Sustainable Solutions,” this year’s conference theme. There is no shortage here of big ideas.
Hannah Jones, Nike’s Vice President of Sustainable Business and Innovation, speaking on a panel titled “Pushing the Boundaries of Green,” summed up neatly …
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Companies continue to rank low among global institutions when it comes to sustainability leadership, though a few companies — mostly the usual suspects — continue to rise above the others, according to an annual survey being released this week.
If that sounds like damning with faint praise, it is. According to the 2013 Sustainability Leaders survey, produced jointly by GlobeScan and SustainAbility, the private sector outperforms only the world’s national governments when it comes to effectively addressing sustainability challenges. That is to say, their second to last….
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In a blog posted in the fall of 2012 entitled, What’s the Big Idea, Chris Guenther and I explored the degree to which vision (a Big Idea) enables sustainability performance and leadership and vice versa. We concluded that it does to a very substantial degree, and that the current era is one suffering for lack of the kind of rhetoric that, when backed by appropriate strategy and operational excellence, paints a picture of the change required and provides inspiration that it can be realized….
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On a recent in-flight experience, the airline’s CEO started off the safety video by saying in smoothly scripted terms that his company wants to make every passenger’s experience enjoyable and safe. Really? We had just stood in the jetway as “excess” carry on baggage was rerouted to be checked, after having waited at the gate as “an excess” of passengers were asked to forgo their seats in return for a voucher due to overbooking. These are admittedly First World problems, but they’re not enjoyable. Does the CEO know …
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Here’s the crux of the sustainability dilemma: What researchers and nonprofits deem “important” to the long-term health of companies doesn’t coincide with information that investors consider “material.” That’s how one investment professional described the current “epic battle” to our company, SustainAbility, in an interview for the latest edition of our “Rate the Raters” research, The Investor View.
There’s a wide gap between what investors say is important and what they do with their money. For example, more than 1,000 investors, managing more than $30 trillion in assets, have signed on to the United Nations’ Principles for Responsible Investment….
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I am perplexed by the fuss about integrated reporting. It seems obvious that a company ought to effectively measure and communicate aspects of its business that matter to key stakeholders, and to do it in a cohesive manner.
Why it wasn’t done well in the first place is a discussion for another time and place, but here we are in 2012 knowing what’s at stake if we don’t take into account the impact we have on current and future generations’ ability to thrive. Surely we are ready to move …
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When we wrapped up phase four of Rate the Raters in July 2011, we expressed our desire to further understand how ratings were creating value for and being used by companies, investors and other key stakeholders. Throughout our research, we’ve heard a good deal from companies about the pain caused by ratings, and so we were keen to ascertain how much (if any) of this pain is worth it. We thus set off in phase five to explore this question of value, and spoke with individuals responsible for ratings at nearly 30 companies in the process….
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The momentum around fair and responsible tax practices continues to build. I was struck by a recent comment from Britain’s highest paid executive who decided he should support responsible tax practice by disclosing that he pays all UK taxes with minimal tax avoidance (i.e. the legal ways of reducing tax bills). He believes, he says, ‘that if you want to be accepted in society you have to be seen to be paying your fair share’. His disclosures come hard on the heels of public denouncements of aggressive tax avoidance by David Cameron as ‘morally wrong’ and by a Treasury minister as ‘morally repugnant’. Nor is this issue restricted to the UK. Personal tax affairs feature strongly in the US Presidential elections. And the French billionaire CEO of Louis Vuitton was widely pilloried for seeking to shift his domicile to Belgium – allegedly to avoid the new 75% tax rate….
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One of the perks of being a graduate student at the University of Michigan was access to football season tickets. With this, I learned the various rituals undertaken by the student section on game day, including chanting, “who cares?” when opposing team players’ names are announced before each game.
This ritual still makes me smile for some reason, and is also a question many of us in the sustainability field ask during ratings and rankings season, which kicked off last week with the release of the Carbon Disclosure Project and the Dow Jones Sustainability Indexes. These results, like those in previous years, sparked a flurry of press releases by proud companies, angst in companies who fell short, blogs debating the merits and shortcomings of ratings, and consultancies offering their services to improve company performance….
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In 2001 the International Business Leaders Forum and SustainAbility analyzed the power of corporate boards and identified steps for “mobilizing board leadership to deliver sustainable value to markets and society”. Boards operate with little transparency, so it is hard to tell which, if any, boards adopted those recommendations and the opacity of board activity limits our ability to characterize current good practice. However, it is terribly obvious when boards trip up, and the last decade has been characterized by momentous failures of corporate governance and corporations themselves….
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Over the last decade, there has been an extraordinary growth in the number of ratings and award schemes designed to measure corporate sustainability performance. While these rankings play an important role in improving corporate performance, companies are struggling to keep up, and many question the time and effort required to respond to raters’ requests for information.
Is it all worth it? Which ratings, if any, do people pay attention to? How much does a company’s score …
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Among the myriad challenges facing the human species in the early years of this century there is one that shows up on every political and business agenda from Pretoria to Paris, Lusaka to London, and Windhoek to Washington: how to sustain economic growth. So dominant is this discourse that those who dare to question it can be readily dismissed as lunatics, so far outside the mainstream as to appear out of touch with reality. Can’t they see? We need to create jobs…
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Despite the growing number of corporate leaders that recognize the importance of sustainability as a long-term business imperative, major challenges persist in closing the “execution gap” between strategy and actual performance. Closing this gap will require leaders to …
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The phrase “In praise of Barclays”, used during this, of all weeks, and with Wimbledon coming to a conclusion, surely elicits only one response: “You cannot be serious!!” Well, no, not exactly serious. In fact, most definitely not serious, because the company’s performance has been nothing short of woeful at best and disastrous at worst. So, why the headline?
I will remodel it: “In praise of Barclays individuals that I know have worked patiently and diligently for over a decade or more to drive change against all the odds, and in praise of the tens of thousands of frontline Barclays staff who are being vilified daily by the media. They have surely felt …
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At the end of the Rio+20 Summit Ban Ki-moon agreed to meet the 9 ‘major groups’ who have a formal role in the preparatory process and the conference, they include business, trades unions, scientists and young people’s NGOs. In practice, only four representatives of the groups were invited to speak. I was struck by the pointlessness of this process, …
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Before the massive Rio+20 conference in Brazil earlier this month, Chris Coulter of GlobeScan, Dan Hendrix of Interface and I published Icebergs Near Rio? The article explored sustainable development progress since the original 1992 Earth Summit asked whether policymakers would seize the opportunity of the anniversary event to chart a future course capable of accelerating and scaling sustainability in the manner we believe necessary, or, like that fabled and fated ship, risk a Titanic …