Sustainability (eBook)

What It Is and How to Measure It

Gilbert S. Hedstrom (Autor)

eBook Download: EPUB

2018
335 Seiten
De|G Press (Verlag)
9781547400508 (ISBN)

Infos

Sustainability: What It Is and How to Measure It begins with a succinct business-focused summary of how to think about the risks and opportunities associated with sustainability. The author then includes his proprietary framework, The Corporate Sustainability Scorecard^TM C-suite rating system, including the over 140 key sustainability indicators that are used to rate an organization's sustainability efforts. Each KSI includes examples from organizations around the world, giving the reader a complete and unbiased understanding of all aspects of sustainability. The Scorecard has been developed over the past 20 years and used by more than 70 corporations to rate themselves on sustainability.

Gilbert S. Hedstrom illustrates the use of the Scorecard with hundreds of examples. He discusses sustainability transformation, governance, and strategy and execution. Social responsibility and environmental stewardship form important parts of his discourse in this important contribution to the debate on sustainability that will benefit business executives and those interested in sustainability and business.

Gilbert S. Hedstrom, Hedstrom Associates

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Sustainability: What It Is and How to Measure It begins with a succinct business-focused summary of how to think about the risks and opportunities associated with sustainability. The author then includes his proprietary framework, The Corporate Sustainability ScorecardTM C-suite rating system, including the over 140 key sustainability indicators that are used to rate an organization's sustainability efforts. Each KSI includes examples from organizations around the world, giving the reader a complete and unbiased understanding of all aspects of sustainability. The Scorecard has been developed over the past 20 years and used by more than 70 corporations to rate themselves on sustainability. Gilbert S. Hedstrom illustrates the use of the Scorecard with hundreds of examples. He discusses sustainability transformation, governance, and strategy and execution. Social responsibility and environmental stewardship form important parts of his discourse in this important contribution to the debate on sustainability that will benefit business executives and those interested in sustainability and business. Read the author's related article on the NACD blog here: https://blog.nacdonline.org/posts/pge-lessons-oversight

Inhalt

Part 1  1 Chapter 1: Sustainability in 2020 and Beyond  3 The Drivers: Economics 101  3 Sustainability: Four Big Buckets  5 The Huge Business Opportunity  6 Mixed Signals  7 How to Get Started  8 Chapter 2: Why Bother?  11 Opportunity of the Century  11 Global Risk Review—WEF  13 But Wait—Delhi, Delft, Des Moines  13 Why Have Companies Pursued ESG?  14 The Business Case for Sustainability  15 Investors Speaking Up  16 Customers Speaking Up  18 Approaching the Tipping Point  18 Chapter 3: Terminology—What Does Sustainability Really Mean?  21 The Jargon  21 What Is Sustainability?  22 ESG and the Triple Bottom Line  22 Two Sides of the Coin: Stop and Go  23 From Farm to Fork  24 Today’s Sustainability Conversation  26 Chapter 4: What Does Sustainability Mean to Your Industry?  29 The 30,000 Foot View  29 The Common Denominator: More Profit—Less Stuff  30 Tomorrow’s Industry Sectors  31 Tomorrow’s Industry Sectors—Today  32 Counterpoint: The Skeptics …  34 Positioning for Growth  35 Chapter 5 : Governance and Leadership: The “G” in ESG  37 The Situation: Governance and Sustainability  38 Governance: The Key Elements  38 Investors’ Dilemma: Failing the 80/20 Rule  40 Governance at a Glance: Tomorrow’s Leaders Today  41 The Scorecard: Governance and Leadership  43 Chapter 6: Strategy and Execution: The Missing “S” in ESG  45 The Situation: Beyond ESG  46 Strategy: The Key Elements  47 The Opportunity: Strategy and Sustainability  47 Strategy and Execution at a Glance: Tomorrow’s Leaders Today  49 The Scorecard: Strategy and Execution  51 Chapter 7: Environmental Stewardship: The “E” in ESG  53 The Situation: Overdose on Environmental Issues  54 Materiality Assessment  54 Environment: The Key Elements  57 Environmental Stewardship At a Glance: Tomorrow’s Leaders Today  58 The Scorecard: Environmental Stewardship  59 Chapter 8: Social Responsibility: The “S” in ESG  61 The Situation: Looking Back—Not Looking Ahead  62 Social Responsibility: The Key Elements  63 The Opportunity: Glass Half Full  64 Social Responsibility at a Glance: Tomorrow’s Leaders Today  65 The Scorecard: Social Responsibility  66 Chapter 9: The New ESG Regulators  67 Investors: The New EPA?  67 The Global Regulatory Landscape  69 Private Sector Collaborations  73 The Impact of Millennials  73 Summary  74 Part 2  77 Chapter 10: Introduction to the Corporate Sustainability Scorecard—C-Suite Rating System  79 This chapter outlines:  79 What Is the Corporate Sustainability Scorecard?  79 Why this Scorecard?  80 Who Is the Scorecard Intended for?  81 How Is the Scorecard Structured?  82 The Four-Stage Transformation Model  82 How Should the Scorecard Be Used?  85 Will the Scorecard Change over Time?  86 Organization of Part 2  87 Chapter 11: Vision, Mission, and Values  89 Public Statements  89 Private Actions to Reinforce Sustainability in Vision, Mission, and Values  93 External Recognition  94 How Do Companies Stack Up?  97 Chapter 12: CEO Leadership  101 CEO Engagement with Sustainability  102 Managing Board Agendas  106 Structuring the Sustainability Organization  107 How Do Companies Stack Up?  108 Chapter 13: Board of Directors Leadership  111 Board of Directors Sustainability Structure and Resources  112 Board of Directors’ Assurance Processes  115 Board of Directors’ Commitment of Time to Sustainability  117 How Do Companies Stack Up?  119 Chapter 14: Goals and Metrics  121 Goal-Setting Process  121 Time Horizon of Sustainability Goals  125 Content and Impact of Sustainability Goals  127 How Do Companies Stack Up?  131 Chapter 15: Culture and Organization  135 Management Accountability for and Attention to Sustainability  136 Key Culture Indicators Related to Sustainability  138 Sustainability Organizations  139 How Do Companies Stack Up?  142 Chapter 16: Stakeholder Engagement  145 Why Engage?  146 With Whom to Engage?  147 What to Engage On?  150 How and When to Engage  152 How Do Companies Stack Up?  153 Chapter 17: Disclosure, Reporting, and Transparency  157 Disclosure of Sustainability Risks, Posture, Programs, and Plans  158 Reporting of Sustainability Progress and Performance  160 Transparency  163 How Do Companies Stack Up?  166 Chapter 18: Strategic Planning  169 Sustainability Positioning and Strategy  170 Business Drivers for Sustainability Within the Company  171 Sustainability Inputs to Corporate Planning Process(es)  175 How Do Companies Stack Up?  178 Chapter 19: Innovation, Research, and Development  181 Role of Sustainability and Innovation  182 Processes and Methodologies  185 Sustainable Innovation Investments  187 How Do Companies Stack Up?  188 Chapter 20: Customers and Markets  191 Sustainability Linkage to Customers  192 Core Approach  193 Shaping Future Market Opportunities  195 How Do Companies Stack Up?  198 Chapter 21: Products, Services, and Solutions  201 Basic Product Positioning  201 The Product Development Process  204 Existing PSS  205 How Do Companies Stack Up?  208 Chapter 22: Environmental Footprint—Operations  211 Managing Purchased Resource Inputs  212 Managing Own Physical Footprint  217 Managing Nonproduct Outputs  218 How Do Companies Stack Up?  221 Chapter 23: Environmental Impacts—Supply Chain  225 Posture and Management Processes  226 Addressing the Most Material Supply Chain Environmental Impacts  229 Nature and Extent of Supplier Sustainability Partnerships  233 How Do Companies Stack Up?  234 Chapter 24: Environmental Impacts—Products  237 Overall Product Stewardship Approach  237 Product Design Process  240 End-of-Life Product Management  245 How Do Companies Stack Up?  247 Chapter 25: Own Operations—Workplace  251 General Workplace Environment  251 Core Workplace Programs  253 Sustainability Capability-Building Initiatives  256 How Do Companies Stack Up?  257 Chapter 26: Supply Chain Social Impacts  261 Posture and Management Processes  261 Addressing the Most Material Supply Chain Impacts  264 Supply Chain Partnerships  266 How Do Companies Stack Up?  267 Chapter 27: Community Investment  271 Community Policies and Programs  272 Community Investments  274 Benefits to Society  275 How Do Companies Stack Up?  277 Chapter 28: Conclusion: Tomorrow’s Elite Corporation  281 Fit: Visualizing Success  281 Trim: Decoupling Growth and Profitability from Resource Intensity  282 Resilient: Capacity to Innovate Among Disruptions  284 A Few Words on Climate Change  285 The Path Forward  286 Appendix A: Definitions  289 Index  297

Rezensionen

In his new book, Sustainability: What It Is and How To Measure It, consultant and author Gib Hedstrom wisely observes the salient selling point for many businesses when ruminating on how to address sustainability. From 2015 to 2030 the global middle class will double in size from 2.5 billion people to about 5 billion people. As Hedstrom wryly notes, in most of his meetings with corporate boards, eyes begin to glaze over when presented with some of the dry facts about sustainability but the growth of the global middle class grabs their attention. Hedstrom’s observation underscores what noted economist and professor Jefferey Sachs has posited regarding sustainability – economic policy works best when it focuses simultaneously on three big issues: first, promoting economic growth and decent jobs; second, promoting social fairness to women, the poor and minority groups; and third, promoting environmental sustainability.　 Thus, the key challenge is how to understand the sustainability concept in its many guises, emphasizing the opportunity side of the equation (economic growth and jobs), and then presenting a complete system that enables a company to accurately measure itself. It’s a compelling two-step process that could be the one-stop shopping many executives need in order to tackle what may be the most pressing issue of our time. Hedstrom comes to the task unusually qualified: he spent 20 years at consulting firm Arthur D. Little, advising CEOs and board members about how to handle thorny environmental and business challenges. From 2004, with the establishment of his eponymous consulting firm, Hedstrom continues to assist the corporate community on sustainability issues. He also has served as program director for two sustainability committees at The Conference Board, which is how I came to know and appreciate Gib’s unique capabilities and thought leadership. Key to the book is Hedstrom’s proprietary Corporate Sustainability Scorecard™, a C-suite rating system developed over the course of 20 years and employed by more than 70 Fortune 500 companies. Whether you are new to the field of sustainability or an experienced veteran, Sustainability: What It Is and How To Measure It, may prove to be the invaluable reference book on the most challenging issue of our time. --Michael FanningFormer global head of sustainability, Michelin Group, andFormer president, Business Partnership Foundation, USC Darla Moore School of Business

Produkt-Details

• Erscheint lt. Verlag: 5.11.2018
• Reihe/Serie: ISSN
• Reihe/Serie: ISSN
• Reihe/Serie: The Alexandra Lajoux Corporate Governance Series
• Reihe/Serie: The Alexandra Lajoux Corporate Governance Series
• Zusatzinfo: 12 b/w ill., 10 b/w tbl.
• Verlagsort: Boston
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Wirtschaft
• Themenwelt: Naturwissenschaften ► Biologie ► Ökologie / Naturschutz
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Environment • Strategic Management • sustainability
• ISBN-13: 9781547400508 / 9781547400508