STRAT | IMPACT AND ECONOMIC IMPACT OF ESG

While not with controversy, far reaching regulatory pressure is here to stay and at a global scale. It will impact almost every business level and on so many yet-to-be-determined terms. The most prominent is ‘ESG’ - Environmental, Social, Governance Is a huge tent that is being defined as we speak but with massive social, business and macro-economic consequences. There will be an impact – NO MATTER WHERE YOU ARE – across Operations / Supply Chains / and FINANCIAL MARKETS. DO YOU HAVE AN ESG STRATEGY? Plan B will be required in this dynamic environment. 

Decarbonizing is a monumental national and global task, and big part of ESG momentum is driven by this broad imperative. Managing our emissions, direct and indirect, and then monitoring our performance for potential reward or penalties has become more and more an essential reporting function. It is having impact on our historical understanding/appreciation of the value chain. ESG is still being defined and very confusing. Organizations will need due diligence processes to ensure supply chains are environmentally responsible, no human rights abuse – really tough for multinationals. There is the new challenge of Greenwashing, an issue of creating the perception that business/product/brand is ESG compliant…but not… Among the issues are aligning ESG strategy and reporting. Separately is delineating ESG from DEI (Diversity, Equality and Inclusion), a very political overarching overlap that has consumed Governors like Ron DeSantis of Florida and Gavin Newsom of California. 

Mark and Hal tackle these issues and much more in a riveting 20 minute discussion that captures key issues, opportunities and concerns of this high profile topic.