As I have said to many clients (and probably more times than they ever wanted to hear), most emerging market companies that think they have a sustainability strategy or some semblance thereof, do not.
This is not to be offensive. Indeed, given the challenges of operating in emerging markets where good managers daily face unimaginable levels of mistrust, failing infrastructure, unstable policy and corruption, to mention but a few, it’s a wonder any strategy can be implemented at all.
Many companies with sustainability aspirations tend to focus either a number of often unrelated Read more
Did Queen Elizabeth I really know what she started when she asked for the very first audited report (in 1559!) as a means to check up on her (likely dodgy) Exchequer of the Realm?
Maybe, but her simple request led to a centuries-long work in progress in which the financial audit was evolved, adapted, and innovated to capture ever more clearly the financial performance of companies, and, of course, to ferret out skullduggeries, great and modest, of those who might rather not be held accountable to shareholders, the tax man or others. Read more
Pushed by horrific tragedies such as the deaths of over 1,100 people in a Bangladeshi textile industry, the personal values market, or the marketplace of consumer ideas and concerns, is constantly expressing greater demand for companies to address social and economic – and not just environmental — sustainability issues.
This is good news for sustainability but challenging for sustainability managers many of whom already feel they are fighting too many fires on the sustainability front as it is.
It’s about Priorities
On the wall by my desk I have a set of themes printed on big bits of paper, Read more
I wish sustainability was more difficult or more expensive to achieve than it actually is, then we might have an excuse for not doing too much about it.
But a couple of reports out recently, tell us otherwise.
Can You Say $3.7 Trillion?
First there is Mobilizing for a Resource Revolution (McKinsey, http://bit.ly/Apk5bL). The report explores coming resource scarcities as the estimated 3 billion new developing country middle class consumers enter the market by 2025. The story in a nutshell: demand for natural resources will soar and supply will dwindle.
The study identifies 15 areas of opportunity for improved resource productivity Read more