By Brandon Boze, Margarita Krivitski, David F. Larcker, Brian Tayan, and Eva Zlotnicka
Stanford Closer Look Series
May 23, 2019
Recently, there has been debate among corporate managers, board of directors, and institutional investors around how best to incorporate ESG (environmental, social, and governance) factors into strategic and investment decision-making processes. In this Closer Look, we examine a framework informed by the experience of ValueAct Capital and include case examples.
We ask:
• What is the investment horizon prevalent among most companies today?
• Do companies miss long-term opportunities because of a focus on short-term costs?
• How many companies have an opportunity to profitably invest in ESG solutions?
• What factors determine whether a company can profitably invest in ESG solutions?
• Can investors earn competitive risk-adjusted returns through ESG investments?
• If so, how widespread is this opportunity?
Environmental, social and governance (ESG) refers to the three main areas of concern that have developed as central factors in measuring the sustainability and ethical impact of an investment in a company or business. These areas cover a broad set of concerns increasingly included in the non-financial factors that figure in the valuation of equity, real-estate, corporate, and fixed-income investments. ESG is the catch-all term for the criteria used in what has become known as socially-responsible investing. Socially responsible investing is among several related concepts and approaches that influence and, in some cases govern, how asset managers invest portfolios.
This presentation helps you gain a good understanding of the fundamentals of ESG by explaining the following.
1. What is ESG - Definition and ESG Issues
2. What is ESG VS Responsible Investment (RI) - Definition of RI | Relationship between ESG and RI | Investment profile of RI vs Sustainable Investing vs Impact Investing
3. Why is ESG Important - Two Main Reasons
4. Who should Care about ESG - Key Stakeholders
5. Why They should Care - Reasons for each Stakeholder to Understand and Consider ESG Integration
6. How to Integrate ESG into Investment Process - Overview of Traditional vs ESG-Integrated Investment Process
Leading player in Energy and Sustainability Services
Led more than 500 sustainability service offerings( CSR, EIAs, LCAs, CDM, Environmental Finance etc.)
Sectors( Energy and Infrastructure, Mines and Metals, Manufacturing, Habitats, Forestry, Agriculture) and
Geographies (India, Srilanka, Thailand, Philippines, Indonesia, Nigeria, Kenya, Tanzania)
Clients (Governments, Multilaterals, UN, Business groups, NGOs)
Delivered more than 500 million USD benefits to clients
Operating across India, South East Asia and Africa
By Brandon Boze, Margarita Krivitski, David F. Larcker, Brian Tayan, and Eva Zlotnicka
Stanford Closer Look Series
May 23, 2019
Recently, there has been debate among corporate managers, board of directors, and institutional investors around how best to incorporate ESG (environmental, social, and governance) factors into strategic and investment decision-making processes. In this Closer Look, we examine a framework informed by the experience of ValueAct Capital and include case examples.
We ask:
• What is the investment horizon prevalent among most companies today?
• Do companies miss long-term opportunities because of a focus on short-term costs?
• How many companies have an opportunity to profitably invest in ESG solutions?
• What factors determine whether a company can profitably invest in ESG solutions?
• Can investors earn competitive risk-adjusted returns through ESG investments?
• If so, how widespread is this opportunity?
Environmental, social and governance (ESG) refers to the three main areas of concern that have developed as central factors in measuring the sustainability and ethical impact of an investment in a company or business. These areas cover a broad set of concerns increasingly included in the non-financial factors that figure in the valuation of equity, real-estate, corporate, and fixed-income investments. ESG is the catch-all term for the criteria used in what has become known as socially-responsible investing. Socially responsible investing is among several related concepts and approaches that influence and, in some cases govern, how asset managers invest portfolios.
This presentation helps you gain a good understanding of the fundamentals of ESG by explaining the following.
1. What is ESG - Definition and ESG Issues
2. What is ESG VS Responsible Investment (RI) - Definition of RI | Relationship between ESG and RI | Investment profile of RI vs Sustainable Investing vs Impact Investing
3. Why is ESG Important - Two Main Reasons
4. Who should Care about ESG - Key Stakeholders
5. Why They should Care - Reasons for each Stakeholder to Understand and Consider ESG Integration
6. How to Integrate ESG into Investment Process - Overview of Traditional vs ESG-Integrated Investment Process
Leading player in Energy and Sustainability Services
Led more than 500 sustainability service offerings( CSR, EIAs, LCAs, CDM, Environmental Finance etc.)
Sectors( Energy and Infrastructure, Mines and Metals, Manufacturing, Habitats, Forestry, Agriculture) and
Geographies (India, Srilanka, Thailand, Philippines, Indonesia, Nigeria, Kenya, Tanzania)
Clients (Governments, Multilaterals, UN, Business groups, NGOs)
Delivered more than 500 million USD benefits to clients
Operating across India, South East Asia and Africa
Slides from an Executive Masterclass I taught (with support from incredible guest lecturers) at Ta'atheer 2017, the Middle East, North Africa CSR and Social Impact Summit. The one-day program gave participants a quick dive into theory, practice and application of strategic CSR Impact Measurement and Management
.
Follow, engage, learn, perform
LinkedIn Profile http://bit.ly/Wayne-Profile
LinkedIn Author Page http://bit.ly/Wayne-LinkedIn
YouTube Channel http://bit.ly/CSR-YouTube
Strategic CSR Video Playlist: http://bit.ly/Strategic-CSR
SlideShare http://bit.ly/Wayne-SlideShare
CSR Training Institute on LinkedIn http://bit.ly/CSR-LinkedIn
Twitter @Zingmore / https://twitter.com/ZINGmore
Website http://www.csrtraininginstitute.com/
Newsletter - http://eepurl.com/XWCy5
NL:
ESG Routekaart.
De dwingende uitdaging waarvoor wij staan op het gebied van milieu is, om met zijn allen de beweging in gang te zetten om de gemiddelde opwarming van de aarde tot 1,5 graden te beperken. Sommige belanghebbenden, gouvernementele organisaties en banken, vragen regelmatig om verbetering en het aanscherpen van de Europese wetgeving met betrekking tot het klimaat. De EU zou tegen 2050 een totale reductie van de binnenlandse emissies van 80% moeten realiseren. Door een eenduidig stappenplan te borgen, is een concrete stap naar verduurzamen. Denk daarbij aan de interne- en externe belanghebbenden te betrekken voor de implementatie van initiatieven om CO2-emissies te verminderen, of een stap verder zou zijn, om de emissies te compenseren. De Routekaart beschrijft aan de hand van analyses, en sector specifieke KPI’s, modellen hoe dit beleid goed zou kunnen worden geborgd in een Environmental Socio-Economic Governance beleid. De Routekaart biedt op de lange termijn een kosten efficiënt pad naar een schonere, klimaatvriendelijke bedrijf.
Short biography of the presenter; Ginio Franker, September 1966, Suriname.
Position Learning and Development NLP-trainer & Transpersoonlijke coach + Climate Leader trained by Al Gore. "A Moral Call to Climate Change" + "Environmental Justice".
Website www.greandream.com.
EN:
ESG-ROADMAP
With the effects of climate change already upon us, the need to cut global greenhouse gas emissions is nothing less than urgent. It’s a daunting challenge, but the technologies and strategies to meet it exist today. A small set of ESG policies, designed and implemented well, can put us on the path to a low carbon future. ESG Key Performance Indicators are complex, so they must be sector specific, focused and cost-effective. One-size-fits-all approaches simply won’t get the job done. Sustainability managers need a clear, comprehensive resource that outlines the ESG policies that will have the biggest impact on our climate future, and describes how to implement these policies well within their own organisations.
We don’t need to wait for new technologies or strategies to create a low carbon future—and we can’t afford to. ESG-ROADMAP gives professionals the tools they need to select, design, and implement the policies that can put us on the path to a livable climate future.
The Environmental Social Governance challenges e.g: on regulatory and reputational risks, market scandals and new market opportunities makes ESG information a data source of growing importance. With ESG in company seminars, round table discussions, scholarships and online association programs, we leave no one behind. Sign up today. Zentrepreneur Environmental Social Governance Associates Training. (ZESGA).
contact@esgwatch.eu
+32485773608 BE
+31630092220 NL
ESG & Impact Investing: Navigating the EssentialsJedrick Theron
A report that will help readers navigate the world of ESG and Impact Investing. It will help readers with coming to an understanding of development finance institutions, the benefits of ESG in investing and company management and how best to implement ESG and impact investing into practice.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
ISO 20400:2017 is the world's first International Standard for sustainable procurement. The standard provides guidelines for integrating sustainability into an organization's procurement processes.
Aimed at top managers and directors of the purchasing function, it helps to align procurement with an organization's goals and objectives and create a culture of sustainability.
By implementing ISO 20400, your organization will contribute positively to society and the economy through making sustainable purchasing decisions and encouraging suppliers and other stakeholders to do the same.
This presentation can be used to create awareness of your organization's sustainable procurement processes and practices in support of the U.N. Sustainable Development Goals (SDGs).
LEARNING OBJECTIVES
1. Acquire knowledge on sustainability management
2. Gain an overview of the ISO 20400 standard and its contents
3. Gather practical tips on how to get started with ISO 20400
CONTENTS
1. Introduction to Sustainability
2. Overview of ISO 20400 Sustainable Procurement
3. Contents of ISO 20400
4. Getting Started with ISO 20400
Environmental and Social Due Diligence ESG AssessmentsRSM GC
Leading player in Energy and Sustainability Services
Led more than 500 sustainability service offerings( CSR, EIAs, LCAs, CDM, Environmental Finance etc.)
Sectors( Energy and Infrastructure, Mines and Metals, Manufacturing, Habitats, Forestry, Agriculture) and
Geographies (India, Srilanka, Thailand, Philippines, Indonesia, Nigeria, Kenya, Tanzania)
Clients (Governments, Multilaterals, UN, Business groups, NGOs)
Delivered more than 500 million USD benefits to clients
Operating across India, South East Asia and Africa
January 2024. Environmental, Social, and Governance (ESG) is a framework that helps investors evaluate how a company manages risk and opportunities around sustainability issues. ESG takes a comprehensive view that extends beyond the environmental aspect to include the social and corporate governance aspects.
ESG metrics are non-financial indicators that evaluate companies' ESG performance. They are quantitative, such as GHG emissions; and qualitative, such as Diversity, Equity, and Inclusion (DEI).
ESG reporting is the public disclosure of ESG data. Its purpose is to shed light on a company’s ESG activities and improve transparency with investors.
ESG reporting offers many advantages to a business, including improved reputation, being more attractive to investors, competitive advantage, improved performance, resilient and sustainable business, capacity building, and climate change mitigation.
However, ESG reporting faces challenges such as the lack of a universal standard, being complex requiring specialized expertise, risk of greenwashing, and constantly changing regulations.
An ESG framework is a structured approach to ESG reporting. Using an ESG framework produces measurable, actionable, and credible results.
ESG standards translate ESG framework principles into action by specifying factors such as metrics, methodologies, and reporting formats. The absence of a universal ESG reporting standard has resulted in reliance on various standards.
The most commonly used ESG reporting standards include Task Force on Climate related Financial Disclosures (TCFD) and United Nations Global Compact (UNGC).
ESG compliance refers to meeting or exceeding ESG guidelines established by the compliance frameworks and regulatory bodies.
An ESG rating, also called an ESG score, provides a benchmark for investors to evaluate a company’s ESG performance and compare it to other companies.
Policy wise, the Sustainable Stock Exchanges (SSE) initiative was launched in 2009 to improve corporate transparency and performance on ESG issues. The SSE is coordinated by United Nations Global Compact (UNGC), UN Conference on Trade and Development (UNCTAD), and UN Department of Economic and Social Affairs (UNDESA).
In this slideshow, you will learn about the definition, advantages, challenges, implementation steps, UN policy, and global statistics of ESG reporting. For more slideshows on environmental sustainability, please visit s2adesign.com
This Research Spotlight provides a summary of the academic literature on environmental, social, and governance (ESG) activities including:
• The relation between ESG activities and firm value
• The impact of environmental and social engagements on firm performance
• The market reaction to ESG events
• The relation between ESG and agency problems
• The performance of socially responsible investment (SRI) funds
This Research Spotlight expands upon issues introduced in the Quick Guide “Investors and Activism”.
Slideshareersion strategic report regulations guidance for companies and inv...Ardea International
Environmental, social governance issues have financial implications on how companies recognise, diagnose, manage and disclose their information. The legal and investor angle is discussed, together with how to diagnose the financial risk
Slides from an Executive Masterclass I taught (with support from incredible guest lecturers) at Ta'atheer 2017, the Middle East, North Africa CSR and Social Impact Summit. The one-day program gave participants a quick dive into theory, practice and application of strategic CSR Impact Measurement and Management
.
Follow, engage, learn, perform
LinkedIn Profile http://bit.ly/Wayne-Profile
LinkedIn Author Page http://bit.ly/Wayne-LinkedIn
YouTube Channel http://bit.ly/CSR-YouTube
Strategic CSR Video Playlist: http://bit.ly/Strategic-CSR
SlideShare http://bit.ly/Wayne-SlideShare
CSR Training Institute on LinkedIn http://bit.ly/CSR-LinkedIn
Twitter @Zingmore / https://twitter.com/ZINGmore
Website http://www.csrtraininginstitute.com/
Newsletter - http://eepurl.com/XWCy5
NL:
ESG Routekaart.
De dwingende uitdaging waarvoor wij staan op het gebied van milieu is, om met zijn allen de beweging in gang te zetten om de gemiddelde opwarming van de aarde tot 1,5 graden te beperken. Sommige belanghebbenden, gouvernementele organisaties en banken, vragen regelmatig om verbetering en het aanscherpen van de Europese wetgeving met betrekking tot het klimaat. De EU zou tegen 2050 een totale reductie van de binnenlandse emissies van 80% moeten realiseren. Door een eenduidig stappenplan te borgen, is een concrete stap naar verduurzamen. Denk daarbij aan de interne- en externe belanghebbenden te betrekken voor de implementatie van initiatieven om CO2-emissies te verminderen, of een stap verder zou zijn, om de emissies te compenseren. De Routekaart beschrijft aan de hand van analyses, en sector specifieke KPI’s, modellen hoe dit beleid goed zou kunnen worden geborgd in een Environmental Socio-Economic Governance beleid. De Routekaart biedt op de lange termijn een kosten efficiënt pad naar een schonere, klimaatvriendelijke bedrijf.
Short biography of the presenter; Ginio Franker, September 1966, Suriname.
Position Learning and Development NLP-trainer & Transpersoonlijke coach + Climate Leader trained by Al Gore. "A Moral Call to Climate Change" + "Environmental Justice".
Website www.greandream.com.
EN:
ESG-ROADMAP
With the effects of climate change already upon us, the need to cut global greenhouse gas emissions is nothing less than urgent. It’s a daunting challenge, but the technologies and strategies to meet it exist today. A small set of ESG policies, designed and implemented well, can put us on the path to a low carbon future. ESG Key Performance Indicators are complex, so they must be sector specific, focused and cost-effective. One-size-fits-all approaches simply won’t get the job done. Sustainability managers need a clear, comprehensive resource that outlines the ESG policies that will have the biggest impact on our climate future, and describes how to implement these policies well within their own organisations.
We don’t need to wait for new technologies or strategies to create a low carbon future—and we can’t afford to. ESG-ROADMAP gives professionals the tools they need to select, design, and implement the policies that can put us on the path to a livable climate future.
The Environmental Social Governance challenges e.g: on regulatory and reputational risks, market scandals and new market opportunities makes ESG information a data source of growing importance. With ESG in company seminars, round table discussions, scholarships and online association programs, we leave no one behind. Sign up today. Zentrepreneur Environmental Social Governance Associates Training. (ZESGA).
contact@esgwatch.eu
+32485773608 BE
+31630092220 NL
ESG & Impact Investing: Navigating the EssentialsJedrick Theron
A report that will help readers navigate the world of ESG and Impact Investing. It will help readers with coming to an understanding of development finance institutions, the benefits of ESG in investing and company management and how best to implement ESG and impact investing into practice.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
ISO 20400:2017 is the world's first International Standard for sustainable procurement. The standard provides guidelines for integrating sustainability into an organization's procurement processes.
Aimed at top managers and directors of the purchasing function, it helps to align procurement with an organization's goals and objectives and create a culture of sustainability.
By implementing ISO 20400, your organization will contribute positively to society and the economy through making sustainable purchasing decisions and encouraging suppliers and other stakeholders to do the same.
This presentation can be used to create awareness of your organization's sustainable procurement processes and practices in support of the U.N. Sustainable Development Goals (SDGs).
LEARNING OBJECTIVES
1. Acquire knowledge on sustainability management
2. Gain an overview of the ISO 20400 standard and its contents
3. Gather practical tips on how to get started with ISO 20400
CONTENTS
1. Introduction to Sustainability
2. Overview of ISO 20400 Sustainable Procurement
3. Contents of ISO 20400
4. Getting Started with ISO 20400
Environmental and Social Due Diligence ESG AssessmentsRSM GC
Leading player in Energy and Sustainability Services
Led more than 500 sustainability service offerings( CSR, EIAs, LCAs, CDM, Environmental Finance etc.)
Sectors( Energy and Infrastructure, Mines and Metals, Manufacturing, Habitats, Forestry, Agriculture) and
Geographies (India, Srilanka, Thailand, Philippines, Indonesia, Nigeria, Kenya, Tanzania)
Clients (Governments, Multilaterals, UN, Business groups, NGOs)
Delivered more than 500 million USD benefits to clients
Operating across India, South East Asia and Africa
January 2024. Environmental, Social, and Governance (ESG) is a framework that helps investors evaluate how a company manages risk and opportunities around sustainability issues. ESG takes a comprehensive view that extends beyond the environmental aspect to include the social and corporate governance aspects.
ESG metrics are non-financial indicators that evaluate companies' ESG performance. They are quantitative, such as GHG emissions; and qualitative, such as Diversity, Equity, and Inclusion (DEI).
ESG reporting is the public disclosure of ESG data. Its purpose is to shed light on a company’s ESG activities and improve transparency with investors.
ESG reporting offers many advantages to a business, including improved reputation, being more attractive to investors, competitive advantage, improved performance, resilient and sustainable business, capacity building, and climate change mitigation.
However, ESG reporting faces challenges such as the lack of a universal standard, being complex requiring specialized expertise, risk of greenwashing, and constantly changing regulations.
An ESG framework is a structured approach to ESG reporting. Using an ESG framework produces measurable, actionable, and credible results.
ESG standards translate ESG framework principles into action by specifying factors such as metrics, methodologies, and reporting formats. The absence of a universal ESG reporting standard has resulted in reliance on various standards.
The most commonly used ESG reporting standards include Task Force on Climate related Financial Disclosures (TCFD) and United Nations Global Compact (UNGC).
ESG compliance refers to meeting or exceeding ESG guidelines established by the compliance frameworks and regulatory bodies.
An ESG rating, also called an ESG score, provides a benchmark for investors to evaluate a company’s ESG performance and compare it to other companies.
Policy wise, the Sustainable Stock Exchanges (SSE) initiative was launched in 2009 to improve corporate transparency and performance on ESG issues. The SSE is coordinated by United Nations Global Compact (UNGC), UN Conference on Trade and Development (UNCTAD), and UN Department of Economic and Social Affairs (UNDESA).
In this slideshow, you will learn about the definition, advantages, challenges, implementation steps, UN policy, and global statistics of ESG reporting. For more slideshows on environmental sustainability, please visit s2adesign.com
This Research Spotlight provides a summary of the academic literature on environmental, social, and governance (ESG) activities including:
• The relation between ESG activities and firm value
• The impact of environmental and social engagements on firm performance
• The market reaction to ESG events
• The relation between ESG and agency problems
• The performance of socially responsible investment (SRI) funds
This Research Spotlight expands upon issues introduced in the Quick Guide “Investors and Activism”.
Slideshareersion strategic report regulations guidance for companies and inv...Ardea International
Environmental, social governance issues have financial implications on how companies recognise, diagnose, manage and disclose their information. The legal and investor angle is discussed, together with how to diagnose the financial risk
ISO : international standard For Organisation
Gives all the essential list of elements that must be followed by any companies in order to perform all their essential task and maintain the quality of
Product and nature throughout the system .
Iso 140001 guides specially us about the , Environment policies that any Organisation, NGO, and Pharmaceutical Companies have to follow.
If any Industry follows this guidelines their chances of product and quality confirmation are definitely.
The new draft of ISO14001 makes some fundamental changes to the current standard. This presentation explores the key strategic changes and legal compliance aspects.
What Is Environmental Social and Governance (ESG).pdfSoni Sharma
Environmental factors include a company's impact on the natural environment, such as its carbon emissions, energy consumption, and water usage. Social factors include a company's impact on society, such as its labor practices, human rights record, and community engagement. Governance factors include a company's internal governance structure, such as its board composition, executive compensation, and transparency.
TOO4TO Module 2 / Corporate Social and Environmental Responsibility: Part 1TOO4TO
This presentation is part of the Sustainable Management: Tools for Tomorrow (TOO4TO) learning materials. It covers the following topic: Corporate Social and Environmental Responsibility (Module 2). The material consists of 2 parts. This presentation covers Part 1.
You can find all TOO4TO Modules and their presentations here: https://too4to.eu/e-learning-course/
TOO4TO was a 35-month EU-funded Erasmus+ project, running until August 2023 in co-operation with European strategic partner institutions of the Gdańsk University of Technology (Poland), the Kaunas University of Technology (Lithuania), Turku University of Applied Sciences (Finland) and Global Impact Grid (Germany).
TOO4TO aims to increase the skills, competencies and awareness of future managers and employees with available tools and methods that can provide sustainable management and, as a result, support sustainable development in the EU and beyond.
Read more about the project here: https://too4to.eu/
This project has been funded with support from the European Commission. Its whole content reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein. PROJECT NUMBER 2020-1-PL01-KA203-082076
BA VALUE FOR AN ESG FRAMEWORK FOR A SUSTAINABLE BUSINESS MODEL IIBAAustraliaChapterIIBA
James Barnes discusses the BA capability in the Environment/Society/ Governance Framework world (ESG). Learn something new while also sharing your ideas and networking with like-minded people.
Stakeholder Engagement:
Strategic Alignment
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Measurement
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Slides from Formerly Director Sustainability & Responsible Sourcing, Hilton, presented at the Sustainable Purchasing Leadership Council's 2018 Summit in Minneapolis, MN.
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
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VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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Introductory guide to the ISO 20121 Event Sustainability Management System for the Sporting Industry
1. Setting standards for sustainability
INTRODUCTORY GUIDE
TO THE ISO20121
EVENT SUSTAINABILITY
MANAGEMENT SYSTEM
FOR THE SPORTING
INDUSTRY
2. In recent years, the international sporting industry has taken a leadership role in the
implementation and promotion of sustainability best practices. From the day to day operation
of sports venues and franchises, to larger scale sporting events such as the Olympics and World
Cup, environmental and social stewardship is being integrated into all areas of the industry. As
a result more and more organizations are utilizing the ISO20121 standard as a management
tool to establish, maintain and improve their sustainability practices. This guide provides an
introductory guide with suggestions on how to develop a plan for ISO20121.
iCompli and CLT Envirolaw are working together to help organizations improve their economic,
environmental and social performance – the triple bottom line of sustainability – by adopting the
ISO 20121 Event Sustainability Management System Standard.
Overview
ISO (the International Organization for Standardization) is a worldwide federation of national
standards bodies. ISO 20121 is designed to help organizations and venues involved in the
events, sports, and hospitality industries integrate sustainability into management practices
and processes.
Sustainability focuses on three areas:
1. Economic – operating in a way that is financially viable for the organization, its customers
and suppliers
2. Environmental – minimizing the use of resources and reducing waste
3. Social – considering the needs and expectations of those affected by the event or organization
What does ISO20121 involve?
ISO20121 follows the continuous improvement management system standard of Plan, Do,
Check and Act. It is intended to be applied to the planning and implementation process of an
organization as it develops a sustainability program.
Plan – Establish the objectives and processes necessary to deliver the planned results.
Do – Implement the plan and measure results.
Check – Study actual results and compare to planned results.
Act – Implement corrective actions on differences between actual and planned results.
The four steps of Plan, Do, Check and Act can be summarized into the following actions:
• Define the principles of sustainable development that are important to the organisation.
• Obtain commitment from top management
• Identify and engage stakeholders
• Define roles and responsibilities
• Identify and evaluate sustainability issues
• Set achievable objectives
• Develop an effective sustainability policy
• Communicate internally and externally
• Document processes
• Measure and monitor performance, including a management review
• Ensure continual improvement
Setting standards for sustainability
3. Why implement ISO 20121?
There are a number of benefits to event organizations that implement a sustainable
management system:
1. Return on investment – input of new skills and information, financial returns
2. Increased engagement from staff and recruitment incentive
3. Streamlining of internal processes (saves time and risk)
4. Better risk management and compliance procedures in place
5. Innovation – often the creation of something new as a result of collaborating more with
suppliers
6. Better supply chain management
7. Development of sustainable procurement systems - builds in codes of conduct and better
purchasing decisions, saving money
8. Saving money – waste and energy management!
9. Reputation – demonstration of commitment to sustainable principles to stakeholders
(including the local community)
WHAT ARE THE BENEFITS OF PURCHASING CONSULTANCY SERVICES?
Depending on your organisation’s level of internal competency and experience with sustainability,
it may prove more beneficial to engage consultancy services. The benefits of working directly
with us include:
• practical experience of managing the ISO steps and achieving certification for sports
stadiums
• saving time and money through provision of templates and tools
• legal experience to implement the legal compliance requirement and an effective procurement
policy
• strong engagement skills, particularly in running collaborative workshops and stakeholder
engagement programmes
• bringing in innovative ideas from an outside approach
• the potential to go beyond certification for additional value
• using a strategic approach tailored to your organisation
• saving money as your organisation will not need to buy the standard (see STEP 1 below)
How to implement ISO 20121: A step-by-step guide
Step 1: Buy the ISO standard
The ISO 20121 standard can be purchased here.
Step 2: Determine scope of the system
Will this event management system encompass the entire organization, venue, a specific event,
or a series of events?
Step 3: Identify your stakeholders
Who are the persons or organizations that can affect or be affected by your activities?
These interested parties may include the following:
Setting standards for sustainability
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Attendees
Suppliers
Civil Society Organizations
Employees
Investors/Sponsors
Government officials and regulators
Volunteers
Exhibitors
Local Community
Media
Step 4: Determine your sustainability issues
What are the key concerns of each interested party? Issues could include:
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Waste reduction and disposal
Security
Traffic and noise pollution
Animal welfare
Emissions reduction
Sustainable food and beverage choices
Use of local suppliers and local hiring
Accessibility
Training staff members
Demonstrating legal compliance
How do you engage with each interested party?
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Surveys
Press releases
News articles/newsletters
Meetings Focus groups
• Contracts/purchase orders
• Social media
• Training
Do you have a process to prioritize issues identified during the stakeholder engagement
process?
Step 5: Develop a plan
• Do you have a Sustainability Policy for your organization or event which includes the
organization’s key values and principles?
• Does the policy identify a commitment by leadership?
• Has the policy been communicated to the entire organization?
• Is there an individual responsible for your organization’s sustainability initiatives?
Do you have a process for identifying all the relevant laws applicable to the organization, as
well as future laws? (see CLT envirolaw Sustainability legal register services:
www.clt-envirolaw.com/resources)
Step 6: Establish Objectives
Have you established sustainability objectives for your organization? Do you have SMART
(specific, measurable, achievable, reasonable and time-bound) performance objectives for the
following areas:
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Energy use
Procurement
Waste
Air quality
Communications
Setting standards for sustainability
5. • Water
• Community engagement
• Staff related objectives (such as training, employment contracts)
Do you have a sustainable procurement policy? Do your RFPs and contracts include
sustainability criteria?
Step 7: Monitor Performance
Do you have a procedure in place to regularly monitor performance against established targets?
Has the organisation implemented an efficient document management system?
Does it provide a process for document availability, identification, legibility, revision, storage,
protection, retrieval, retention and disposal?
Step 8: Demonstrate compliance with third-party assurance.
Third-party assurance to ISO20121 is demonstrated when an accredited certifying body, such
as iCompli, conducts a conformity assessment audits per the standards requirements and
award ISO20121 certification to the organization.
Certification by an independent third party elevates an organization’s sustainability practices
and sends a strong message to staff and external audiences that sustainability is important and
that you have made a serious, credible commitment to environmental and social responsibility.
Certification is also seen to be highly visible support of government policymakers who have
made sustainability a priority for their city or region.
About BPA Worldwide
BPA Worldwide is a not-for-profit auditing organization established in 1931 to audit circulation
for publishers, advertisers and their agencies. Today, BPA’s audit services have expanded to
include external assurance of government and industry standards and independent verification
of companies’ technology and service claims. BPA Worldwide provides GRI reporting services
(gap analysis, competitor benchmarking and external assurance) and third-party certification of
ASTM and ISO event standards.
Karl Pfalzgraf
BPA Worldwide, Business of Providing Assurance
100 Beard Sawmill Road, 6th Floor Shelton, CT 06484
Office: 203.447.2817 | Cell: 908.419.0066 | Skype: Karl.Pfalzgraf
www.bpaww.com
About CLT EnviroLaw
CLT envirolaw is a niche sustainability consultancy providing expertise to companies and
directors specializing in strategy, risk management, ISO20121 risk management, environmental
compliance and governance, sustainability policies, human rights due diligence, procurement,
reporting and innovation, training and research. We have over 20 years legal experience and
work with organisations to explore and better understand the relationship between sustainability
and the law. We use our best practice sustainability knowledge to help companies’ go beyond
compliance and tailor advice according to your requirements.
For more information contact Colleen Theron
Sustainability lawyer and consultant
tel: +44 (0)771 497 9936 | tel: +44(0)193 223 1876
colleen.theron@clt-envirolaw.com
www.clt-envirolaw.com/services
Setting standards for sustainability