The SustainAbility Institute by ERM Online Collaboration Forum (Europe/Americas)
Session 2
Oct 14 '20 3:00pm–Oct 14 '20, 4:30pm GMT
Summary of Discussion
Q1: What examples of companies demonstrating resilience in the face of the extraordinary pressures of 2020 have most struck you and why?
- Companies focusing on people first
- Ford pivoting to make masks and ventilators
- Restaurant industry -- offering curbside pickup/delivery
- Healthcase industry - dealing with personal risk, physical demands
- BP's "Reimagining energy for people and our planet"
- Ben & Jerry's carrying about world peace
Q2: What do you see as the most exciting solutions that can accelerate the creation of a net-zero economy and society?
- Offsets that contribute to biodiversity and livelihoods
- The role of hydrogen
- Responsible consumption
- "Operationalization" of circular economy
- Renewable energy and storage
- Net zero products and services
- Electrification of transformation
- Solutions offered by low-tech
- Decoupling of growth and carbon emissions
- Government-mandated efforts on circular economy
- Life-cycle analysis in product development
- Change in capital flows
- Carbon pricing
- Carbon negative goals
- "Green swans"
- Carbon onsetting
- Cradle to Cradle
- Activist movements
- Indoor agriculture
- Movement to become "lessitarians"
Q3: What more should investors, ratings and companies do to integrate ESG into financial decision-making?
- Agree on metrics
- Explore opportunities (look beyond risks)
- Recognize and integrate "S"
- Better alignment on materiality methodologies
- Shift from short-term, quarterly results thinking
- Looking beyond data/statistics to understand the full and more nuanced picture
- More dialogue between the groups
- Integrate the 8 Cs from Future-Fit Benchmark
- Shift sustainability reporting away from marketing departments
- Break the silos around ESG, integrate it deeper into strategy
- Expose the untruths / inconsistencies
Polls
1 of 3
1. What do you think is the most important action companies can take to boost resilience to ensure business and society are better prepared for future shocks?
Integrate sustainability/ESG into decision-making
44%
Generate new business models
17%
Conduct risk assessments/business continuity planning
17%
Transform their supply chains
6%
Mitigate and adapt to climate change
5%
Focus on employee retention and wellbeing
7%
Work more with governments
2%
97 votes
Next Poll »
2. To what degree have you seen business leaders increasingly connecting the dots between the systemic challenges we face with climate change?
3. What theme are you most interested in discussing more in future events?
Meet our Guest Contributors
Eliza Eubank
Managing Director and Globa...
Citigroup
Citigroup
Eunice Heath
Corporate Director of Susta...
Dow, Inc.
Dow, Inc.
Keryn James
Group Chief Executive
ERM
ERM
Badar Khan
President
National Grid U.S.
National Grid U.S.
Mark Lee
Head of The SustainAbility ...
ERM
ERM
Nigel Topping
High-Level Climate Action C...
Climate Champions
Climate Champions
Session Moderator
Chris Coulter
CEO, GlobeScan
Canada
Canada