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EY Private Company Webcast Series 29 September 2015 Todays speakers - - PowerPoint PPT Presentation
EY Private Company Webcast Series 29 September 2015 Todays speakers - - PowerPoint PPT Presentation
Building sustainability strategies into your private business EY Private Company Webcast Series 29 September 2015 Todays speakers Christine Rhodes Susan McGeachie Manager, Climate Change and Central Canadas Climate Change Sustainability
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Agenda
► Understanding sustainability ► Sustainability reporting ► The sustainability advantage ► Sustainability: Why do it?
Sustainability in Private Companies
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Understanding sustainability: The big picture
Developing thriving ecosystems and societies through the successful management of four interconnected domains
- Ecology
- Economics
- Politics
- Culture
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Understanding sustainability: Terminology
1. CSR 2. CR 3. ESG 4. SD 5. SRI 6. RI 1. Corporate Social Responsibility 2. Corporate Responsibility 3. Environmental, Social and Governance 4. Sustainable Development 5. Socially Responsible Investing 6. Responsible (Sustainable) Investment
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Sustainability reporting: Trends
Sustainability in Private Companies
Top 3 reasons for issuing sustainability reports:
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Transparency with stakeholders
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Risk management
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Competitive advantage
EY: Value of Sustainability Reporting, 2014
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Sustainability: Stakeholders
Sustainability in Private Companies
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Regulators:
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Expanding reporting requirements around the world for specific environmental, social and governance (ESG) risks and performance
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Customers:
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Increased awareness of choices and preference for healthier, environmentally friendly and socially conscious product options
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Sustainability: Stakeholders
Sustainability in Private Companies
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Employees
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An important engagement and retention factor for current and future employees from all demographics
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Supply partners
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Considering an organization’s environmental and social footprint beyond
- perational boundaries as reflected in recent RFPs and supplier
questionnaires
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Stakeholders: Investors
Sustainability in Private Companies
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Investors:
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Integration of ESG considerations in formal investment decision-making processes
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Sustainability: Risk management
Sustainability in Private Companies
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Sustainability: Competitive advantage
Sustainability in Private Companies
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Rise of the “purpose led organization” (e.g., B Corp, social entrepreneur)
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Profitability as the key to success, not the primary purpose
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Growing and creating change in society and the economic landscape
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The sustainability advantage
Sustainability in Private Companies
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The sustainability advantage
Sustainability in Private Companies
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The sustainability advantage
Sustainability in Private Companies
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67% prefer to work for socially responsible companies
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55% will pay extra for products and services from companies committed to positive social and environmental impact 52% made at least on purchase in the past six months from one or more socially responsible companies 52% check product packaging to ensure sustainable impact Survey: June, 2014
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The sustainability advantage
Sustainability in Private Companies
Source: World Bank's 2013 Carbon Pricing Report
Emission trading scheme Carbon tax Carbon price under consideration Carbon tax with ETS considered ETS and tax implemented or scheduled
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Sustainability: Why do it?
Businesses can reap many financial benefits just by incorporating sustainability strategies in and taking a proactive approach to investing in social and environmental programs.
- Attract top talent
- Create a legacy
- Operational efficiency
- Responsible innovation
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