Your planet needs you, and so does your organisation
COP27 may have been lukewarm, but the demand for real ESG progress (and yes, the planet) has never been hotter. As our leaders scramble for solutions, impactful frameworks must start at home, in every single organisation.
Robert Swan – the first person in history to walk to both the North and South Poles – once said that the greatest threat to our planet is the belief that someone else will save it. Climate-related issues and the de-carbonising process are sometimes seen as notion so large that only world leaders and events such as November’s Climate Change Conference (COP 27) in Egypt can provide solutions.
One of the major outcomes from COP 27 was that while such issues are global in nature, the risks and issues related to them vary between countries. For many developing nations, this left them feeling betrayed at their treatment.
This year’s floods in Pakistan caused $30 billion in economic losses – more than 10% of the country’s GDP – while the goal of mobilising $100 billion a year in climate finance has been consistently missed with the climate finance gap in 2022 forecast to be up to $8 billion.
While those top level discussions are pivotal, issues in Environmental, Social, and Governance (ESG) are equally granular in nature. This has resulted in many organisations setting out on their transition journeys, structuring their reporting on such risks and announcing targets.
While CEOs and boards will bear the brunt of public messaging on such issues, they will be highly reliant on CROs, risk managers and their teams for the planning, implementation and monitoring of such progress.