The SustainAbility Institute by ERM Online Collaboration Forum (Asia/Europe)
Session 1
Oct 14 '20 7:00am–Oct 14 '20, 8:30am 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?
- Microsoft's early commitment to employees, suppliers and communities stood out to me. Unilever has been ubiquitous and inspiring also.
- Tech companies, very agile in shaping their business based on the new customers' needs
- perfume companies in France shifted to sanitation products in the early part of the pandemic
- Bhp signing renewable energy contracts in chile anx australia
- BP on Mental Health, new strategy
- Oilfield service companies 3D printing PPE
- Relocating contact centres across the global to 'working from home within a week'
- Manufacturing - the agile way it converted processes
- Reskilling, retaining staff
- Talent retention strategies
- Improvement in air quality
- The arts industry - home theatre
- Virtual online training
- SME's agility e.g. restaurants moving to delivery locally
- Relinquishing dividends to avoid lay-offs
Q2: What do you see as the most exciting solutions that can accelerate the creation of a net-zero economy and society?
- Carbon extraction from the air
- Rapid implementation and uptake of renewable energy
- Standardization of metrics and reporting
- Localised solutions to complement larger infrastructure and generational changes
- Ensuring we look to a more holistic viewpoint and develop cross-functional solutions
- Using ESG data to drive strategy
- Green hydrogen projects
- Getting US back into the Paris Agreement
- A global price on carbon
- Reforestation - corporate investment
- Offsets for most companies - Needed
- Addressing biodiversity challenges
- Collaboration between tech and mining
- Value chain collaboration
- Hydrogen scale-up
- Net Zero with view to nature positive biological abatement
- Circular approaches to value chains
- Nature-based solutions at scale
- International cooperation
- Carbon footprint reduction in our daily life
- The Keeling Curve
- Science-based targets
- Companies increasing internal carbon-price
Q3: What more should investors, ratings and companies do to integrate ESG into financial decision-making?
- Double materiality
- Select specific ESG issues and work towards them, showcase their results
- Consistent ESG measurement
- Making TCFD mandatory
- Start pricing momentum - no link currently between sovereign credit spreads and climate risk.
- Dispense with quarterly earnings reports - think and manage for long-term value creation
- Fact-based, measureable data
- ESG means doing both the right things and the wrong things
- ESG implementation linked to executive incentives
- Balanced reporting
- transparency on ESG impacts
- Explore the idea that sustainability and ESG may not be equivalent concepts
- data maturity curve needed
- Investors making active choices
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
62%
Generate new business models
12%
Conduct risk assessments/business continuity planning
10%
Transform their supply chains
4%
Mitigate and adapt to climate change
8%
Focus on employee retention and wellbeing
2%
Work more with governments
0%
48 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
Dr. Chaya Chandavasu
Senior Vice President, Sust...
PTT Global Chemical Public ...
PTT Global Chemical Public ...
Thong Chie Shang
Head of Enterprise Strategy
GIC
GIC
Chris Coulter
CEO
GlobeScan
GlobeScan
Keryn James
Group Chief Executive
ERM
ERM
Mark Lee
Head of The SustainAbility ...
ERM
ERM
Claire O'Neill
Managing Director for Clima...
World Business Council for ...
World Business Council for ...
David Simmonds
Group General Counsel &...
CLP Holdings Limited
CLP Holdings Limited
Session Moderator
Caroline Holme
Senior Director, GlobeScan
United Kingdom
United Kingdom