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VOL 10 I ISSUE 05 I 2023
The Crucial Facets
Essen al Aspects of Biodiversity
for Sustainable Ecosystems
Apolónia Rodrigues
President
Dark Sky® Alqueva
The Trend Chart
Innova ve Ways for
Businesses to Integrate
ESG Investments
A Roadmap towards Future Sustainable!
he world is confronted with an array of complex
Tchallenges, from climate change and resource
depletion to environmental degradation and
social inequities. In the face of these mounting issues,
there is a remarkable group of individuals who stand at
the forefront of the sustainability movement, tirelessly
working to steer our planet towards a more
environmentally conscious and equitable future. These
champions of sustainability, often unsung heroes, are
women who have not only shattered glass ceilings but
have also dedicated their lives to safeguarding our
planet's delicate ecosystem.
In our latest issue of CIOLook, we are delighted to shine
a spotlight on "Top 10 Influential Leaders Shaping
Sustainability Worldwide, 2023." We believe it is high
time we recognize and celebrate the exceptional
contributions made by these extraordinary women who
have been trailblazers, innovators, and relentless
advocates for a greener, more sustainable world.
Within the pages of this edition, you will find a diverse
group of women from various corners of the globe,
each with a unique story and vision for a sustainable
future. From prominent figures in the fields of
environmental policy and conservation to pioneers in
sustainable technology, energy, and agriculture, their
achievements are nothing short of inspiring. The
innovative solutions they've developed and the policies
they've championed have made a significant impact on
global sustainability efforts.
Through their leadership and unwavering dedication,
these women are proving that gender is no barrier to
success in the fight for a more sustainable world. Their
achievements stand as a testament to the limitless
possibilities that can be achieved when passion,
knowledge, and determination come together.
This issue is more than just a celebration; it's a call to
action. The accomplishments of these remarkable
women serve as a source of inspiration for all of us,
regardless of gender, to take a more active role in
building a sustainable future for our planet. Their
stories demonstrate that change is possible and that we
all have a role to play in the preservation of our
environment.
We extend our heartfelt gratitude to each of the
featured women for their tireless efforts and
commitment to sustainability. We also thank our
readers for their continued support in sharing these
stories and ideas, which, we hope, will kindle a sense of
responsibility and urgency within us all.
As we embark on this journey to explore the lives and
achievements of "Top 10 Influential Leaders Shaping
Sustainability Worldwide, 2023," let us remember that
we are all part of the solution, and together, we can
make the world a better place for
generations to come.
AbhishekJoshi
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A R T I C L E S
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Tony Lee Luen Len
Innovating for a Sustainable Tomorrow
and Championing Social Impact
20
The Crucial Facets
Essen al Aspects of Biodiversity
for Sustainable Ecosystems
The Trend Chart
Innova ve Ways for Businesses
to Integrate ESG Investments
CONTENT
Senior Editor Alan Swann
Deputy Editor Abhishek Joshi
Managing Editor Muskan Kapoor
DESIGN
Visualizer Dave Bates
Art & Design Director Revati Badkas
Associate Designer Ankita Pandharpure
SALES
Senior Sales Manager Sihanee M., Rouniyar A.
Customer Success Manager Akash S.
Sales Executives Shaun Andrews, Sankalp M, William
TECHNICAL
Technical Head Prachi Mokashi
Technical Consultant Victor Collins
October, 2023
Copyright © 2023 CIOLOOK, All
rights reserved. The content
and images used in this
magazine should not be
reproduced or transmitted in
any form or by any means,
electronic, mechanical,
photocopying, recording or
otherwise, without prior
permission from CIOLOOK.
Reprint rights remain solely
with CIOLOOK.
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CONTACT US ON
Pooja M Bansal
Editor-in-Chief
sales@ciolook.com
SME-SMO
Research Analyst Eric Smith
SEO Executive Sagar Lhigade
Brief
Company Name
Vojtech Vosecky
Associate
Zorana Pejcic
CEO
Chris Shanahan
Regulatory Affairs
Specialist
Sara Nunes
Supply & Sustainability
Coordinator
Chris is an experienced executive with an established track
record of building teams, business development, and creating
customer advocacy
Vojtech is helping the global leader in circular economy, an
impact foundation called Circle Economy, to deliver our tools
and services in the Nordics and pretty much the rest of the
world.
Zorana is an experienced Chief Executive Officer with a
demonstrated history of working in the insurance industry.
Sara is an experienced leader in the supply chain industry and
her approaches are creating greater outcomes in terms of
sustainable outcomes.
Apolónia Rodrigues
President
Apolónia Rodrigues is an inspiring leader with a resolute
commitment to preserving the celestial wonders.
Dark Sky® Alqueva
darkskyalqueva.com
Thermo Fisher Scientific
thermofisher.com
FEUC
.uc.pt/feuc
Alexandra Isele
Vice President Satellite
Solutions
Alexandra is a passionate expert for Space Hardware
Development and Manufacturing, she is leading the Business
Unit Mechanical Satellite Solutions at Beyond Gravity.
Beyond Gravity
beyondgravity.com
Ecosis
ecosisltd.com
Tony has specialised in several fields including sustainability,
the built environment, multi-sector collaboration and inclusive
innovation.
Dunav Re AD
dunavre.rs/en
Jennifer Cooke
Director of Inclusive
Trade
Jennifer is helping entrepreneurs overcome the challenges of
international business by providing trade knowledge and
expertise while also connecting them to the resources they
need.
Export Development Canada
linktr.ee/exportdevcanada
Circle Economy
circle-economy.com
Structure Tone
stobuildinggroup.com/
structuretone/
Ryan's passion for sustainability and professional experience
has allowed me to see the cost-effectiveness and profit
associated with going green.
Ryan Hughes
Sustainability Manager
Vasco Sousa
Co-founder and Managing
Partner Aliados Sustainability
and Circular Economy
Vasco is playing a crucial role in driving innovations in the
sustainable revolution for Comeca SA.
Tony Lee Luen Len
Senior Partner
Comeca SA
comeca.pt
Featured Person
Cover
Story
Apolónia Rodrigues
President
Dark Sky® Alqueva
Although Astro-tourism is nally starting to
be seen as an option for non-mass
destinations, the support is not yet relevant
as the scope of our work goes beyond the
implementation of a tourist product.
,,
,
,
Apolónia Rodrigues’ Igni ng Leadership in Dark Sky Preserva on
he celestial wonders are the stars, planets, galaxies,
Tand other astronomical objects that we can see in
the night sky. They are a source of wonder and
inspiration for people all over the world. However, they are
also fragile and can be easily damaged by light pollution
and climate change.
Apolónia Rodrigues is an inspiring leader with a resolute
commitment to preserving the celestial wonders. As the
®
President, Creator and Coordinator of Dark Sky
Alqueva, her pioneering efforts have garnered remarkable
recognition. The project achieved the Runner-Up award
from the Ulysses Prize in 2013 and the Bronze CTW
®
Chinese Welcome Award in 2019. Notably, Dark Sky
Alqueva secured several Tourism Oscars from the World
Travel Awards as Europe’s Responsible Tourism Award
2019, 2020, 2021 and 2022 and World’s Responsible
Tourism Award in 2021 and 2022, among other 50 awards
in different categories awarded from WorldCob, Green
World Awards, World Luxury Travel Awards, and many
other organizations around the world.
Even amidst the challenges of 2020, Apolónia’s dedication
continued to shine. As a beacon of Astro-tourism, Dark
®
Sky Alqueva stands as the world’s first Starlight Tourism
Destination, spanning 10,000 square kilometers around
®
Lake Alqueva. The Official Dark Sky Observatory
provides awe-inspiring experiences, with cutting-edge
telescopes guiding visitors through the marvels of the
cosmos.
Apolónia’s vision extends beyond astronomy, fostering a
®
network of Dark Sky Destinations across Portugal,
including Vale do Tua as another exemple of success
developed in partnership with the Regional Development
Agency of Vale do Tua. These efforts form a vital
mission—safeguarding the night sky’s splendor for future
generations. Through her exceptional leadership, Apolónia
continues to illuminate the world, bridging the gap between
celestial wonder and sustainable progress.
®
Let’s discover the journey of the visionary behind Dark Sky
Alqueva, pioneering Astro-tourism for a sustainable future!
Stargazing Visionary
Apolónia embarked on her journey driven by a convergence
of passions and opportunities. As a student, she was
captivated by the intricate domains of sustainability and the
intricate art of crafting, nurturing and steering destinations
toward greatness. The complexity of these pursuits
intrigued her, setting the stage for her remarkable path.
Reflecting on her beginnings, Apolónia reminisces,
“Already when I was a student, there were two topics that
seemed most interesting to me, sustainability and the
creation, development and management of destinations.
Both complex and therefore challenging.”
Her aspirations took root in 1999 and 2005 when life
presented her with pivotal crossroads. “In 1999, I seized the
opportunity to start my journey working on international
projects,” she recounts. In 2005, her journey intersected
with the Tourism Sustainability Group of the European
Commission’s DG Grow, a momentous association that
catalyzed change.
“I joined a group which created the Agenda for the
Sustainability and Competitiveness of European Tourism
and took the first steps for ETIS, European System of
Sustainability Indicators for Destinations,” she explains.
Her exposure to international projects and collaborative
initiatives propelled her into an intricate dance of nurturing
sustainable destinations. Apolónia acknowledges the
complexity inherent in this endeavor, stating, “Defining a
theme, a path, to a certain destination implies making
choices that can sometimes be incompatible with other
practices, with the interests of large economic and political
groups.”
The journey she embarked upon was not one of instant
gratification. “This path can take years to bring visible
benefits, especially if it is based on sustainability criteria,”
she notes. Her pursuit transcended the confines of
immediate results, aimed at long-term transformation and
sustainability.
Apolónia’s realization was profound—a hybrid entity,
transcending the boundaries of traditional public and
private sectors, was essential to sustainably manage
destinations. “Between public entities, in the format, they
currently exist and the private sector, which is oriented
towards profit, there should be a hybrid that manages to
keep the focus on the long term and sustainability,” she
asserts. While acknowledging the challenges, she was firm
in her belief in the approach.
With determination and a profound understanding of her
mission, Apolónia established the groundwork for Dark
®
Sky Alqueva. This endeavor emerged from the first phase
of the Agenda for the Sustainability and Competitiveness of
®
European Tourism in Alqueva, evolving into Dark Sky
Alqueva in 2007. “But what results from all this is Dark
®
Sky Alqueva,” she proudly affirms.
,,
Undoubtedly, our
mission is to seek
to reduce light
pollution to almost
zero as a way to
preserve access
to the night sky.
,,
A concept that makes
the perfect
connection between
the Night Sky and
the elements on
planet Earth itself.
Navigating the intricate landscape surrounding the creation
of the Alqueva artificial lake and its accompanying
development plans, Apolónia’s resilience shone through.
She reflects on the challenges, “The economic crisis ended
up limiting and avoiding the de-characterization of the
territory and massification.” Her commitment to
sustainability remained resolute, guiding her through the
labyrinth of obstacles.
In the end, the result is a testament to Apolónia’s vision and
®
perseverance—Dark Sky Alqueva, a constellation of
eleven Portuguese municipalities and thirteen Spanish
municipalities, united by a common mission and vision.
“Evolving, always with the same mission and vision, but
adapting in order to achieve and overcome the obstacles of
all kinds that we were facing along the way,” Apolónia
expresses.
Astronomical Advocate
“In seeking to reduce light pollution to almost zero, our
mission is clear: preserving access to the night sky,”
Apolónia asserts. While the goal might seem
straightforward—curbing excessive lighting that squanders
resources—it’s beset by intricate challenges rooted in myths
and cultural norms. “Due to myths and cultural issues, this
task is the real challenge,” she notes.
Daily, municipalities squander funds on misguided lighting.
Apolónia laments, “Inadequate lighting, too intense, with
wrong color temperature lighting things that do not need to
be lit.” This formidable mission transcends boundaries,
aiming to debunk myths, integrate scientific findings and
transform technical decisions. Her resolve shines: “Our
mission had to go beyond—become global—deconstruct
myths—assimilate new knowledge.”
Championing Dark Skies
In Apolónia’s humble contribution, she wanted more real
cooperation between the various stakeholders and that
whoever has the power to plan and manage the territory,
would do so with a clear commitment to sustainability and
long-term planning without thinking about votes, short-term
financial interests and lobbies.
From Constellations to Conservation
“Developing a destination with two languages, cultures and
identities is a challenge, yet it breaks barriers and
contributes to managing vital resources,” Apolónia
emphasizes. Coexisting identities and Lake Alqueva’s night
sky offer potential, though territorial management
complexity poses a challenge. “Benefits and potential drive
us,” she notes, describing joint strategies fostered by
Interreg programs.
“Within the Interreg program through POCTEP—joint
projects favor cross-border cooperation,” Apolónia
explains. Their efforts create a sense of community while
aligning with sustainability goals and safeguarding the
night sky—a crucial tourist asset. “We move forward with
our mission to protect this important resource,” she states.
Cosmic Coinage
In 2007, Apolónia birthed Portugal’s first Astro-tourism
®
destination, Dark Sky Alqueva. A visionary in sustainable
®
and future-focused tourism, Apolónia crafted the Dark Sky
concept to enhance skills and shape a brighter future.
Achieving certification in 2011, it stands as the world’s
pioneer Starlight Tourism Destination and cross-border
Starlight Destination, spanning 10,000 square kilometers
across Portuguese and Spanish territories around Alqueva
Lake. But also achieving the seal of Best Tourism Village
By UNWTO for Cumeada in 2021, where we have our
headquarters and Observatory, helped the
internationalisation.
®
Within, the Official Dark Sky Observatory in Cumeada
dazzles visitors with state-of-the-art telescopes for solar and
celestial gazing. Miguel Claro, the official
astrophotographer, captures breathtaking nocturnal
landscapes and star-studded skies that beautifully marry
with Alqueva’s cultural heritage.
®
Dark Sky Alqueva transcends stargazing into experiential
magic. The Observatory fosters cosmic journeys from
planets to galaxies, while Alqueva’s vast spaces offer
diverse activities like moonlit horseback rides,
astrophotography workshops and twilight wine-tasting.
®
The Dark Sky Alqueva Route, a partner network, enriches
experiences with offerings like nighttime canoeing,
ballooning over Alqueva, yoga, sports events, and more.
Importantly, the partners’ authenticity can only be found on
the official website.
Apolónia’s brainchild binds the celestial and terrestrial,
reigniting a connection lost in urban light pollution. As a
®
result, Dark Sky Alqueva doesn’t just unveil the
universe—it reignites passion and wonder.
Each breathtaking image captivates, nurturing a desire for
®
the profound, untainted night sky that Dark Sky Alqueva
offers. This visionary destination isn’t just about
stargazing—it’s about reconnecting with the universe and
nature, crafting unforgettable moments from dawn to starry
dusk in the heart of Alentejo.
Galactic Grants
“This is the challenge we face,” Apolónia remarks, “as
themes of night sky preservation and sustainability don’t
readily gather support. Adding our non-partisan stance and
cross-border scope complicates matters.” Though Astro-
tourism gains traction, backing remains limited.
The work spans beyond mere tourist offerings, necessitating
self-sustained resources. Hosting sessions and events,
aiding Astro-tourism globally with proven experience,
becomes essential for progress.
“While it limits direct interventions,” Apolónia notes, “it’s
the sole path to uphold our 2007 mission and vision.” With
®
perseverance, Dark Sky Alqueva fuels its crucial journey,
fostering starry nights and sustainable futures.
Stellar Sustainability
“During our astronomical sessions, Miguel Claro and Nuno
Santos incorporate vital discussions on safeguarding the
night sky and adopting sustainable habits,” Apolónia
®
emphasizes. “When participants step into Dark Sky
Alqueva’s realm and snap pictures, they instantly grasp the
contrast between our preserved, certified sky and light-
polluted alternatives.”
Indeed, as Miguel underlines, astrophotography in this
pristine night sky serves as a powerful tool for advocacy
and awareness. “It’s an immersive experience that conveys
the message effectively,” Miguel explains. Through his
®
workshops, Dark Sky Alqueva educates while igniting a
passion for a starry universe worth protecting.
Constellations of Change
®
“Dark Sky Alqueva is a realization of my sustainable
destination development model, which I’ve been cultivating
since my involvement with the Tourism Sustainability Group
(TSG) in 2005,” Apolónia explains. “Sustainability is the
bedrock of our approach, embedded in our daily
operations, supported in the field by our team member
Rebecca Slade.”
TSG’s mission was to formulate the Agenda for the
Sustainability and Competitiveness of European Tourism,
aligning perfectly with my training in Tourism Management
and Planning, inspiring a reimagined approach to
destination creation and management.
The challenge lies in transcending organizational and
competency boundaries, enabling sustainable, long-term
planning independent of political cycles. This empowers a
destination to be developed cohesively, unencumbered by
fragmented decision-making.
While navigating these challenges comes with costs to the
®
destination’s appeal, Dark Sky Alqueva remains dedicated
to its mission. By collaborating with international entities
like One Planet Travel with Care and endorsing the
®
Glasgow Declaration, Dark Sky Alqueva extends its reach
beyond boundaries, echoing its core vision.
Galactic Guardians
“Preserving the night sky has proven to be a formidable
challenge, largely due to the gradual loss of sky quality that
often goes unnoticed,” says Apolónia. “Light pollution
discussions have been overlooked due to various interests,
downplaying its negative effects, overlapping safety myths
and complex factors that obscure the issue.”
The strategy has been to convey the possibility of balanced
development while protecting the night sky—something
achievable through collective effort and informed choices.
In rural settings, the approach combines multiple
endeavors, aiming to achieve nearly zero light pollution and
emphasizing the benefits for the economy, environment and
well-being.
Despite its complexity, a strategy emerged: certifying the
sky’s quality, thus recognizing the region’s potential. “Dark
®
Sky Alqueva’s Starlight Tourism Destination certification
by the Starlight Foundation in April 2011 marked a pivotal
milestone,” Apolónia explains.
“Being named the world’s first Starlight Tourism
Destination garnered national and international visibility.”
This distinction heightened awareness, not just of the area’s
potential and pride, but also of the necessity to safeguard
this resource. Certification alone isn’t a guaranteed triumph.
A dedicated push into international markets led to
recognition, increased tourism and over 50 international
awards. These accolades span sustainability, luxury,
attraction and responsibility, collectively contributing to
®
Dark Sky Alqueva’s growing success and global
recognition.
Uniting Stars, Uniting Causes
“Our focus has always been on safeguarding our region
through sustainable, non-mass tourism that respects and
enhances its well-being,” Apolónia emphasizes. “Quality
and sustainability are paramount, deterring the risks
associated with rapid, vote-driven investments that
disregard long-term costs.”
Although the capacity to mitigate such issues is limited due
to the non-public status, tangible outcomes become
strongest advocates. Engaging with visitors, we champion
awareness—of both the night sky and the
environment—empowering each individual to create
positive change, not only during their stay but also when
they return home.
As Apolónia underscores, “Every contribution counts and
together, we can make a meaningful impact on our
destination and beyond.” The goal is clear: striking a
harmonious balance between progress, preservation and
education for the betterment of all.
The Stardust Path
“The journey through Astro-tourism, sustainability and
destination creation has been a process of accumulating
knowledge,” Apolónia reflects, “where every factor—time,
location, politics, and more—shapes the trajectory’s success
or setbacks.”
Her expertise underscores the importance of sustained
planning, integrating sustainability into every facet of
destination development. “The most significant impact,” she
notes, “lies in revealing the necessity of long-term
strategies. Sustainability isn’t just a checkbox—it’s a crucial
thread woven into planning, development and execution.
Merging research and science into strategy reaps rewards.”
Apolónia’s approach demands an open-minded perspective,
understanding destinations as intricate, dynamic systems.
This worldview molds her strategy, ensuring goals align
with the complexity of the world around us.
“Ultimately,” she adds, “success hinges on embracing a
holistic perspective, channeling it into every step of the
journey.” The result? A blueprint for fostering thriving,
sustainable destinations rooted in lasting value.
The Aurora of Change
“Our journey has transformed us into a school of
sustainability,” Apolónia notes, emphasizing, “we’re eager
to share our hard-won lessons globally.” The path to
success was no cakewalk—it demanded resilience, skill-
building and unwavering dedication. “Maintaining our
mission amid adversity and limited understanding was no
small feat,” she adds.
The results, however, provide the impetus to persist. “We
remain steadfast, resisting pressures that detract from our
true mission,” Apolónia asserts. Amid a landscape cluttered
with fleeting results, she observes, “Many entities invest
immense sums in short-term strategies, often political in
nature.”
She adds, “This investment yields minimal impact and does
little to foster real development.” The true strength, as she
sees it, lies in the wisdom to prioritize enduring progress
over momentary gains, ushering in a legacy of sustainable
transformation.
Brightening the Eco-Skyline
“Global sustainability is the game-changer,” Apolónia
stresses, affirming, “It’s about adopting an integrated, long-
term view that transcends power cycles.” This vision, she
contends, must stand firm against the whims of shifting
interests.
Apolónia believes in holistic destination management. “A
destination isn’t just about tourism—it’s a tapestry of
interconnected elements,” she asserts. “From roads to
healthcare, every aspect affects both tourists and local
communities.”
Yet, bridging this gap remains arduous. “Talks of
cooperation abound, but practical implementation is
scarce,” she laments. Having participated in countless
forums, she notes a disconnect between rhetoric and action.
“Cooperation requires concessions and joint effort,”
Apolónia explains, “a challenging prospect when individual
success is the measure.”
The solution? “More like-minded individuals and
organizations,” she proposes, “to reshape the perception of
sustainability in destination planning and management.”
This shift, she insists, demands a collective commitment to
shared goals, paving the way for a harmonious balance
between development and preservation.
Essential Aspects
ofBiodiversity
Biodiversity
Biodiversity
for Sustainable
Ecosystems
Ecosystems
Ecosystems
B
iodiversity, the variety of life on Earth, is a cornerstone of
our planet's health and well-being. It encompasses the rich
tapestry of species, ecosystems, and genetic diversity that
collectively shape the world we inhabit. Biodiversity conservation
is the deliberate and necessary effort to protect and sustain this
intricate web of life, which plays a critical role in maintaining
sustainable ecosystems. In this article, we will explore the
significance of biodiversity conservation and its profound impact
on the sustainability of our planet.
Understanding Biodiversity
Biodiversity can be categorized into three primary components:
genetic diversity, species diversity, and ecosystem diversity.
Genetic Diversity: This refers to the variety of genetic information
within a single species. It is crucial for adaptation and resilience,
allowing species to evolve and respond to environmental changes,
diseases, and other challenges.
Species Diversity: Species diversity encompasses the number and
variety of different species coexisting in a particular habitat or
ecosystem. Each species has a unique role in maintaining the
balance of the ecosystem.
Ecosystem Diversity: Ecosystem diversity pertains to the various
types of ecosystems found on Earth, such as forests, wetlands,
coral reefs, and grasslands. Each of these ecosystems supports a
specific set of species and ecological processes.
Importance of Biodiversity Conservation
Ecosystem Stability: Biodiversity is a stabilizing force within
ecosystems. Each species has a unique function, and the
interactions between species are intricate and interdependent.
When one species is lost, it can disrupt the entire ecosystem,
www.ciolook.com | October 2023 |
16
The Crucial Facets
www.ciolook.com | October 2023 |
17
potentially leading to a cascade of negative impacts.
Conserving biodiversity ensures the resilience and
stability of ecosystems.
Ecosystem Services: Biodiversity provides numerous
ecosystem services essential for human survival. These
services include clean air and water, pollination of
crops, pest control, and the regulation of climate and
disease. Biodiversity is directly linked to our quality of
life and well-being.
Adaptation to Change: Biodiversity is essential for
adaptation in a changing world. As climate change and
other environmental stressors alter habitats, species
diversity allows ecosystems to adapt and evolve,
ensuring their long-term survival.
Economic Benefits: Many industries, such as
agriculture, pharmaceuticals, and tourism, rely on
biodiversity for their products and services. For
instance, medicines, textiles, and food crops are derived
from a wide range of plant and animal species.
Cultural and Aesthetic Value: Biodiversity enriches our
lives culturally and aesthetically. It is a source of
inspiration, spirituality, and cultural significance. Many
communities around the world have deep connections
to the natural world.
Challenges to Biodiversity Conservation
Despite the undeniable importance of biodiversity
conservation, numerous challenges stand in the way of
preserving it. These include habitat destruction,
pollution, overexploitation, invasive species, and
climate change. Human activities, such as
deforestation, industrial agriculture, and urbanization,
continue to have a detrimental impact on biodiversity.
Conservation Efforts
Efforts to conserve biodiversity range from establishing
protected areas, such as national parks and reserves, to
enacting international agreements like the Convention
on Biological Diversity. Conservation organizations,
governments, and communities work together to
promote sustainable land and resource management
practices. Education and awareness-raising campaigns
also play a vital role in engaging people in conservation
efforts.
Factors and Elements
Biodiversity is not just a concept confined to scientific
circles; it touches our daily lives in more ways than we
often realize. To delve deeper into the importance of
biodiversity conservation and its implications for
sustainable ecosystems, let's explore additional
aspects:
Ecological Resilience: Biodiversity enhances the
resilience of ecosystems. A diverse array of species
means that if one species is adversely affected by
disease, predation, or environmental changes, others
can step in to fill the gap. This resilience ensures the
continued functioning of the ecosystem and its ability
to recover from disturbances.
Food Security: Biodiversity is essential for food
security. It provides a broad range of crops and
livestock, which are the basis of our food supply. A lack
of genetic diversity in these resources can make our
food supply vulnerable to pests, diseases, and changing
environmental conditions.
Medicine and Biotechnology: Many pharmaceuticals
and biotechnological advancements are rooted in the
genetic diversity of plants, animals, and
microorganisms. A rich biodiversity provides a vast
pool of genetic resources for potential medical
breakthroughs.
Regulation of Climate: Ecosystems play a vital role in
regulating the global climate. Forests, for example, act
as carbon sinks, sequestering carbon dioxide from the
atmosphere. The loss of biodiversity within ecosystems
can disrupt these regulatory functions and exacerbate
climate change.
A Note to Remember
The conservation of biodiversity is a multifaceted
challenge and a collective responsibility. It extends far
beyond the scientific realm. It has profound
implications for our environment, economy, culture,
and well-being. Recognizing the interconnectedness of
all life on Earth and the importance of protecting and
preserving biodiversity is vital for the sustainability of
ecosystems and the future of our planet.
www.ciolook.com | October 2023 |
18
T
ony Lee Luen Len, a Senior Partner at Ecosis,
stands out as a beacon of change. He is creating a
future where smart and sustainable
development is at the heart of every endeavor and
social impact is a driving force.
Ecosis, founded in 2006, has a grand mission—to co-
create a sustainable and joyful world by ingeniously
managing sustainable solutions and strategies from
concept to completion. At its core, Ecosis excels in
project consulting and management, with a strong
emphasis on intelligent, sustainable solutions.
But let's shift our focus to the visionary behind the
scenes—Tony Lee Luen Len. With a skill set that
encompasses Team Leadership, Presentations, Conflict
Management, and a Logical Approach, Tony is the
driving force behind Ecosis' success.
He's not just a sustainability consultant—he's an expert
in smart and sustainable development, a partnership
broker, a social impact strategist, and a champion of
technology for good. Tony is the embodiment of a
multifaceted approach to sustainability.
Passion fuels Tony and the Ecosis team, propelling them
toward creating a positive change for a sustainable
future. They are committed to helping clients navigate
the challenges and opportunities of sustainable
development, serving as enablers for organizations
striving to make a difference in the economy, the
environment and society.
Let's explore a world that hungers for sustainable solutions
where Tony and Ecosis are leading the charge, making the
dream of a smarter, more sustainable future a reality!
Brief us about your career path as a leader until your
current position. What were the challenges that you
had to overcome to scale your progress?
My journey through life has been shaped by my humble
beginnings. I was born in a rural area of Mauritius,
where my Chinese immigrant grandparents ran a small
shop. We lived behind the store and the intertwining of
work and family life was a constant presence.
As a shy child, finding my place in school was a
challenge, however, the recognition I received from a
dedicated teacher, who adorned my schoolbooks with
stars for correctly completed exercises, provided a
reassuring sense of accomplishment. Doing well in
school was my path to being seen, echoing the wise
words of my grandmother, who encouraged me to learn
so that one day I could have a home of my own.
My first taste of leadership came in high school when
older students selected me to join the Student
Representative Council (SRC). Despite being the
youngest member, I felt a sense of importance in this
role. This experience paved the way for my future
leadership roles.
At university, I was elected chairperson of the SRC for
the Faculty of Fine Arts and Architecture. It was during
this time, in South Africa amid the tumultuous era of
apartheid, that I realized the depth of political
engagement within the SRC.
My career journey officially began in project
management, where I oversaw the relocation of blue-
chip companies and managed building projects.
Afterwards, I ventured into consultancy and
collaborated with pioneering green architect Etienne
Bruwer.
www.ciolook.com | October 2023 |
20
Tony Lee Luen Len
Senior Partner
Ecosis
www.ciolook.com | October 2023 |
21
At the age of 28, I was recruited as the General
Manager of an Aluminum and Glass company, which
would later become one of South Africa's largest firms.
Leading a team of 70 employees, including senior
colleagues with more experience, was a challenging but
rewarding experience. Through hard work and
dedication, I earned their respect and contributed to
tripling the company's size before leaving at 33 due to a
near-fatal car accident that miraculously spared my life.
In 2005, my life took a pivotal turn as I returned home
to heal from the accident, which left me with a severely
impaired voice. During this time, I explored my passion
for sustainability and founded my consultancy firm,
Ecosis. My commitment to climate action led me to co-
found the Climate Change Action Forum and establish
the Green Building Council of Mauritius after attending
the Greenbuild conference in Boston in 2008.
As a member of the World Green Building Council and
the broader sustainability community, I realized the
power of advocacy and the impact I could have. My
expertise expanded to encompass green buildings,
energy efficiency, smart cities, technology, and
innovation. I engaged in strategic and policy work for
various organizations, including governments, UN
agencies, development institutions, corporations, and
nonprofits.
In 2013, I recognized the importance of collaboration
to effect meaningful change. I joined the Partnership
Brokers Association, delving into the field of multi-
sector organizations and advocating for effective
stakeholder engagement and partnerships.
Today, I serve on numerous committees for my
government, private sector coordination bodies and
international organizations. My commitment to driving
sustainable change remains unwavering as I continue to
attend and speak at conferences and public events.
Tell us more about your company and its mission and
vision.
I run a few initiatives. The main one is Ecosis—founded
in 2006—a sustainability and social impact consultancy.
Our mission is to co-create a sustainable and happy
world by developing and managing sustainable
solutions and strategies smartly from beginning till
completion.
I guess the action part will need to be updated, as we
are doing more than that. The other one that is taking
my time and focus is our philanthropic initiative,
"anAngel." It is a gamified free marketplace for good
deeds. Our mission is to harness the power of the
community to help achieve the SDGs.
What methodologies do you implement that
contribute to new growth opportunities?
Upholding our company values of professionalism,
quality, service to others, lifelong learning, and
collaboration has served us well. Also, we have been
advocating for the green, triple bottom line of profit,
people and the planet since we set up our company in
2006. Today, when green is mainstream and ESG is
ubiquitous—people remember us! Finally.
We do not sleep on our laurels—we constantly keep
abreast of development in our fields of expertise. We
often attend conferences, workshops and courses. For
instance, I am still at university doing research as a
Bertha Centre for Social Innovation scholar.
Please share your learning of the Sustainability world.
In the Sustainability world, it is very buoyant. As
mentioned above, all is now mainstream. To me, it
seems mainstream. We see articles in daily newspapers.
And everyone seems to be interested all of a sudden.
Perhaps not for the right reasons, but at least more
people are interested in the World's problems and
SDGs.
We have been advocating for
the green, triple bo om line
of profit, people and the
planet since we set up our
company in 2006.
“
“
www.ciolook.com | October 2023 |
22
However, as per speeches from the UN General
Assembly 2023, we are off track from achieving the
sustainable development goals by 2030. We are equally
not on target to keep our mother earth's temperature
below 2 Degreesby the end of the century. I think we
have significant challenges ahead. And this is going to
affect each and every person on earth.
Attending climate conferences, for instance, it feels like
déjà-vu or the speeches sound like broken records. It is
not the President's or the UN secretary general's fault,
as I myself often sound like a broken record in my
addresses.
For our World to transition, hash-tagged
#thejusttransition, systems need to change and shift.
We must all understand and accept that any transitions
take time. However, we should not do the same thing
and expect different results. Einstein coined this as
insane.
Unfortunately, I see a lot of insanity, but small pockets
of ingenuity and innovation are happening. We need to
shed more light on these and scale the same.
Sustainability has also become a big business, which
accentuates the political plays. It renders the
sustainability world very complex. I can just hope for
the best and do my bit. I only hope that I will prove
many people wrong and that my efforts will not be in
vain.
What strategies do you implement to promote gender
diversity for various leadership positions at your
company?
We have a Diversity, Equity and Inclusion policy at our
company. We apply the same when we recruit and in all
our dealings within our company. Currently, we stand at
80:20 in the proportion of females to males.
What values do you incorporate to enhance the work
culture of your company?
As mentioned above, our company values are
professionalism, quality, service to others, lifelong
learning, and collaboration. We have a rigorous
screening process where we communicate our values
and the additional personal values that we want our
candidates to have—they are authenticity,
responsibility, loyalty and trustworthiness.
What, according to you, could be the next significant
change in your sector? How are you preparing for the
change?
The next significant change in our sector is what we are
experiencing now. As sustainability has become
mainstream, there is firstly a need for more human
resources. Secondly, companies want to have the
expertise in-house. As a smaller boutique consultancy,
it puts pressure on us. Companies eye our personnel.
For this, we do as we have always done. Through our
work culture and growth potential, most of our
personnel remain loyal. We also see that the type of
services consultancies provide change as past clients
integrate expertise in-house. We, therefore, keep
developing different offerings. It makes the journey
more creative.
Where do you envision yourself to be in the long run
and what are your future goals for your company?
Personally, I envision myself to continue doing the
advocacy work and taking a back seat on the
consultancy side, where partners will continue running
the company. I never had ambitious goals for our
company. I never wanted to be a big consulting firm. We
have built a respected and reputed firm. I will let the
younger generation decide on its future goals. My
medium-term goal is to continue to nurture, mentor
and empower the younger generation.
What advice would you give to the next generation of
Sustainability leaders willing to venture into the
modern business arena?
My advice to the next generation of sustainability
leaders willing to venture into the modern business
arena is to do it for the right reason or purpose. Having
purpose as the north star will get them through difficult
times, as competition becomes fiercer. Secondly, always
push your clients to do better. This is the only way to
shift the system quicker and achieve the #justtransition.
www.ciolook.com | October 2023 |
23
The Trend Chart
Innovative
Ways for
Businesses to Integrate
ESG
Investments
n recent years, sustainable investing and the
Iconcept of "profits with a purpose" have gained
significant traction within the financial industry.
Environmental, Social, and Governance (ESG)
investments have become more than just a buzzword;
they represent a fundamental shift in the way investors
view their financial portfolios. This article explores the
essential aspects of sustainable investing, the
integration of ESG criteria, and how it is possible to
achieve both financial returns and positive societal
impact.
Sustainable Investing: A Growing Trend
Sustainable investing, also known as socially
responsible investing (SRI) or impact investing, refers to
a strategy that takes into account not only the potential
financial returns of an investment but also its impact on
the world. It involves aligning your investments with
your values and beliefs, aiming to support companies
that contribute positively to society and the
environment.
The ESG Framework
ESG investments are a subset of sustainable investing
that specifically considers three key factors:
www.ciolook.com | October 2023 |
24
Environmental (E): This factor examines a company's
environmental impact, such as its carbon emissions,
resource use, and efforts to reduce its ecological
footprint.
Social (S): The social aspect evaluates a company's
treatment of its employees, communities, and broader
society. This includes labor practices, human rights,
diversity, and community engagement.
Governance (G): Governance relates to how a company
is managed and governed. It assesses factors like board
diversity, executive compensation, and shareholder
rights, with the aim of promoting ethical and
transparent decision-making.
The Integration of ESG Criteria
The integration of ESG criteria into investment
decisions has gained momentum for several reasons:
Risk Mitigation: Companies that perform well in ESG
areas are often better equipped to manage risks related
to regulatory changes, reputational damage, and
resource scarcity.
Long-Term Performance: Research indicates that
companies with strong ESG performance tend to be
more resilient and deliver stable returns over the long
term.
Attracting Responsible Investors: ESG integration can
attract responsible investors who prioritize
sustainability, potentially leading to a lower cost of
capital for the company.
www.ciolook.com | October 2023 |
25
Positive Societal Impact: ESG investments aim to create
a better world by supporting companies that make a
positive difference in areas like renewable energy, fair
labor practices, and diversity.
Profits with a Purpose: Balancing Financial Returns
and ESG Impact
Many investors have historically viewed sustainable
investments as a trade-off between profits and social or
environmental impact. However, this perception is
rapidly changing. Investors increasingly recognize that
sustainable investments can deliver competitive
financial returns while also fostering a sense of
purpose. Here are a few key reasons behind this shift:
Market Maturity: The ESG investment landscape has
evolved, offering a wider range of opportunities and
asset classes. This diversity enables investors to tailor
their portfolios to their risk tolerance and financial
objectives.
Performance Data: As ESG metrics and data become
more standardized and accessible, investors can make
more informed decisions about their investments. This
transparency helps dispel the myth that ESG
investments underperform traditional ones.
Regulatory Support: Governments and financial
institutions are recognizing the importance of
sustainable investing. This has led to increased
regulatory support, tax incentives, and a growing
market for ESG-related products.
Consumer and Stakeholder Pressure: Companies that
disregard ESG considerations may face reputational
risks, legal liabilities, and potential revenue losses. As
consumers and stakeholders demand more responsible
corporate behavior, companies are increasingly
incentivized to adopt ESG principles.
Investment Strategies in Sustainable Investing
Negative Screening: One approach to sustainable
investing involves excluding companies or industries
that don't align with ESG criteria. For instance, an
investor might avoid companies involved in tobacco,
firearms, or fossil fuels. This approach allows investors
to make ethical choices by not investing in activities
they find objectionable.
Positive Screening: On the flip side, positive screening
involves actively seeking out companies with strong
ESG performance. This approach focuses on
investments in companies that demonstrate leadership
in environmental sustainability, social responsibility,
and good governance.
Impact Investing: Impact investing goes a step further
by actively seeking out investments that generate
measurable, positive social and environmental impact
alongside financial returns. These investments often
target areas such as clean energy, affordable housing,
and healthcare in underserved communities.
ESG Integration: This strategy involves incorporating
ESG factors into traditional financial analysis. Rather
than making investment decisions based solely on
financial data, ESG integration uses ESG criteria to
identify risks and opportunities that might not be
evident from financial metrics alone.
The Business Case for Sustainable Investing
Risk Management: Companies that neglect ESG
considerations can face various risks. For example,
environmental regulations can lead to fines or
increased production costs for companies with a high
carbon footprint. Good ESG practices help mitigate
these risks.
Innovation and Competitive Advantage: Sustainable
companies often innovate to reduce their
environmental impact or enhance social responsibility.
This innovation can lead to cost savings and a
competitive advantage. For example, Tesla's focus on
electric vehicles has positioned it as a leader in the
automotive industry.
Customer and Employee Loyalty: Companies with
strong ESG performance tend to attract more loyal
customers and employees. Customers increasingly
want to support businesses that align with their values,
while employees prefer working for companies that
prioritize social and environmental responsibility.
Long-Term Growth: The long-term view is crucial in
sustainable investing. Companies that prioritize ESG
criteria are more likely to make strategic decisions that
drive long-term growth and shareholder value.
www.ciolook.com | October 2023 |
26
www.ciolook.com

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Top 10 Influential Leaders Shaping Sustainability Worldwide, 2023.pdf

  • 1. VOL 10 I ISSUE 05 I 2023 The Crucial Facets Essen al Aspects of Biodiversity for Sustainable Ecosystems Apolónia Rodrigues President Dark Sky® Alqueva The Trend Chart Innova ve Ways for Businesses to Integrate ESG Investments
  • 2.
  • 3.
  • 4. A Roadmap towards Future Sustainable! he world is confronted with an array of complex Tchallenges, from climate change and resource depletion to environmental degradation and social inequities. In the face of these mounting issues, there is a remarkable group of individuals who stand at the forefront of the sustainability movement, tirelessly working to steer our planet towards a more environmentally conscious and equitable future. These champions of sustainability, often unsung heroes, are women who have not only shattered glass ceilings but have also dedicated their lives to safeguarding our planet's delicate ecosystem. In our latest issue of CIOLook, we are delighted to shine a spotlight on "Top 10 Influential Leaders Shaping Sustainability Worldwide, 2023." We believe it is high time we recognize and celebrate the exceptional contributions made by these extraordinary women who have been trailblazers, innovators, and relentless advocates for a greener, more sustainable world. Within the pages of this edition, you will find a diverse group of women from various corners of the globe, each with a unique story and vision for a sustainable future. From prominent figures in the fields of environmental policy and conservation to pioneers in sustainable technology, energy, and agriculture, their achievements are nothing short of inspiring. The innovative solutions they've developed and the policies they've championed have made a significant impact on global sustainability efforts. Through their leadership and unwavering dedication, these women are proving that gender is no barrier to success in the fight for a more sustainable world. Their achievements stand as a testament to the limitless possibilities that can be achieved when passion, knowledge, and determination come together. This issue is more than just a celebration; it's a call to action. The accomplishments of these remarkable women serve as a source of inspiration for all of us, regardless of gender, to take a more active role in building a sustainable future for our planet. Their stories demonstrate that change is possible and that we all have a role to play in the preservation of our environment. We extend our heartfelt gratitude to each of the featured women for their tireless efforts and commitment to sustainability. We also thank our readers for their continued support in sharing these stories and ideas, which, we hope, will kindle a sense of responsibility and urgency within us all. As we embark on this journey to explore the lives and achievements of "Top 10 Influential Leaders Shaping Sustainability Worldwide, 2023," let us remember that we are all part of the solution, and together, we can make the world a better place for generations to come. AbhishekJoshi
  • 5.
  • 7. C O N T E N T S A R T I C L E S 16 24 Tony Lee Luen Len Innovating for a Sustainable Tomorrow and Championing Social Impact 20 The Crucial Facets Essen al Aspects of Biodiversity for Sustainable Ecosystems The Trend Chart Innova ve Ways for Businesses to Integrate ESG Investments
  • 8. CONTENT Senior Editor Alan Swann Deputy Editor Abhishek Joshi Managing Editor Muskan Kapoor DESIGN Visualizer Dave Bates Art & Design Director Revati Badkas Associate Designer Ankita Pandharpure SALES Senior Sales Manager Sihanee M., Rouniyar A. Customer Success Manager Akash S. Sales Executives Shaun Andrews, Sankalp M, William TECHNICAL Technical Head Prachi Mokashi Technical Consultant Victor Collins October, 2023 Copyright © 2023 CIOLOOK, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from CIOLOOK. Reprint rights remain solely with CIOLOOK. FOLLOW US ON www.facebook.com/ciolook www.twitter.com/ciolook WE ARE ALSO AVAILABLE ON Email info@ciolook.com For Subscription www.ciolook.com CONTACT US ON Pooja M Bansal Editor-in-Chief sales@ciolook.com SME-SMO Research Analyst Eric Smith SEO Executive Sagar Lhigade
  • 9. Brief Company Name Vojtech Vosecky Associate Zorana Pejcic CEO Chris Shanahan Regulatory Affairs Specialist Sara Nunes Supply & Sustainability Coordinator Chris is an experienced executive with an established track record of building teams, business development, and creating customer advocacy Vojtech is helping the global leader in circular economy, an impact foundation called Circle Economy, to deliver our tools and services in the Nordics and pretty much the rest of the world. Zorana is an experienced Chief Executive Officer with a demonstrated history of working in the insurance industry. Sara is an experienced leader in the supply chain industry and her approaches are creating greater outcomes in terms of sustainable outcomes. Apolónia Rodrigues President Apolónia Rodrigues is an inspiring leader with a resolute commitment to preserving the celestial wonders. Dark Sky® Alqueva darkskyalqueva.com Thermo Fisher Scientific thermofisher.com FEUC .uc.pt/feuc Alexandra Isele Vice President Satellite Solutions Alexandra is a passionate expert for Space Hardware Development and Manufacturing, she is leading the Business Unit Mechanical Satellite Solutions at Beyond Gravity. Beyond Gravity beyondgravity.com Ecosis ecosisltd.com Tony has specialised in several fields including sustainability, the built environment, multi-sector collaboration and inclusive innovation. Dunav Re AD dunavre.rs/en Jennifer Cooke Director of Inclusive Trade Jennifer is helping entrepreneurs overcome the challenges of international business by providing trade knowledge and expertise while also connecting them to the resources they need. Export Development Canada linktr.ee/exportdevcanada Circle Economy circle-economy.com Structure Tone stobuildinggroup.com/ structuretone/ Ryan's passion for sustainability and professional experience has allowed me to see the cost-effectiveness and profit associated with going green. Ryan Hughes Sustainability Manager Vasco Sousa Co-founder and Managing Partner Aliados Sustainability and Circular Economy Vasco is playing a crucial role in driving innovations in the sustainable revolution for Comeca SA. Tony Lee Luen Len Senior Partner Comeca SA comeca.pt Featured Person
  • 11. Although Astro-tourism is nally starting to be seen as an option for non-mass destinations, the support is not yet relevant as the scope of our work goes beyond the implementation of a tourist product. ,, , , Apolónia Rodrigues’ Igni ng Leadership in Dark Sky Preserva on
  • 12. he celestial wonders are the stars, planets, galaxies, Tand other astronomical objects that we can see in the night sky. They are a source of wonder and inspiration for people all over the world. However, they are also fragile and can be easily damaged by light pollution and climate change. Apolónia Rodrigues is an inspiring leader with a resolute commitment to preserving the celestial wonders. As the ® President, Creator and Coordinator of Dark Sky Alqueva, her pioneering efforts have garnered remarkable recognition. The project achieved the Runner-Up award from the Ulysses Prize in 2013 and the Bronze CTW ® Chinese Welcome Award in 2019. Notably, Dark Sky Alqueva secured several Tourism Oscars from the World Travel Awards as Europe’s Responsible Tourism Award 2019, 2020, 2021 and 2022 and World’s Responsible Tourism Award in 2021 and 2022, among other 50 awards in different categories awarded from WorldCob, Green World Awards, World Luxury Travel Awards, and many other organizations around the world. Even amidst the challenges of 2020, Apolónia’s dedication continued to shine. As a beacon of Astro-tourism, Dark ® Sky Alqueva stands as the world’s first Starlight Tourism Destination, spanning 10,000 square kilometers around ® Lake Alqueva. The Official Dark Sky Observatory provides awe-inspiring experiences, with cutting-edge telescopes guiding visitors through the marvels of the cosmos. Apolónia’s vision extends beyond astronomy, fostering a ® network of Dark Sky Destinations across Portugal, including Vale do Tua as another exemple of success developed in partnership with the Regional Development Agency of Vale do Tua. These efforts form a vital mission—safeguarding the night sky’s splendor for future generations. Through her exceptional leadership, Apolónia continues to illuminate the world, bridging the gap between celestial wonder and sustainable progress. ® Let’s discover the journey of the visionary behind Dark Sky Alqueva, pioneering Astro-tourism for a sustainable future! Stargazing Visionary Apolónia embarked on her journey driven by a convergence of passions and opportunities. As a student, she was captivated by the intricate domains of sustainability and the intricate art of crafting, nurturing and steering destinations toward greatness. The complexity of these pursuits intrigued her, setting the stage for her remarkable path. Reflecting on her beginnings, Apolónia reminisces, “Already when I was a student, there were two topics that seemed most interesting to me, sustainability and the creation, development and management of destinations. Both complex and therefore challenging.” Her aspirations took root in 1999 and 2005 when life presented her with pivotal crossroads. “In 1999, I seized the opportunity to start my journey working on international projects,” she recounts. In 2005, her journey intersected with the Tourism Sustainability Group of the European Commission’s DG Grow, a momentous association that catalyzed change. “I joined a group which created the Agenda for the Sustainability and Competitiveness of European Tourism and took the first steps for ETIS, European System of Sustainability Indicators for Destinations,” she explains. Her exposure to international projects and collaborative initiatives propelled her into an intricate dance of nurturing sustainable destinations. Apolónia acknowledges the complexity inherent in this endeavor, stating, “Defining a theme, a path, to a certain destination implies making choices that can sometimes be incompatible with other practices, with the interests of large economic and political groups.” The journey she embarked upon was not one of instant gratification. “This path can take years to bring visible benefits, especially if it is based on sustainability criteria,” she notes. Her pursuit transcended the confines of immediate results, aimed at long-term transformation and sustainability. Apolónia’s realization was profound—a hybrid entity, transcending the boundaries of traditional public and private sectors, was essential to sustainably manage destinations. “Between public entities, in the format, they currently exist and the private sector, which is oriented towards profit, there should be a hybrid that manages to keep the focus on the long term and sustainability,” she asserts. While acknowledging the challenges, she was firm in her belief in the approach. With determination and a profound understanding of her mission, Apolónia established the groundwork for Dark ® Sky Alqueva. This endeavor emerged from the first phase of the Agenda for the Sustainability and Competitiveness of ® European Tourism in Alqueva, evolving into Dark Sky Alqueva in 2007. “But what results from all this is Dark ® Sky Alqueva,” she proudly affirms.
  • 13. ,, Undoubtedly, our mission is to seek to reduce light pollution to almost zero as a way to preserve access to the night sky.
  • 14. ,, A concept that makes the perfect connection between the Night Sky and the elements on planet Earth itself.
  • 15. Navigating the intricate landscape surrounding the creation of the Alqueva artificial lake and its accompanying development plans, Apolónia’s resilience shone through. She reflects on the challenges, “The economic crisis ended up limiting and avoiding the de-characterization of the territory and massification.” Her commitment to sustainability remained resolute, guiding her through the labyrinth of obstacles. In the end, the result is a testament to Apolónia’s vision and ® perseverance—Dark Sky Alqueva, a constellation of eleven Portuguese municipalities and thirteen Spanish municipalities, united by a common mission and vision. “Evolving, always with the same mission and vision, but adapting in order to achieve and overcome the obstacles of all kinds that we were facing along the way,” Apolónia expresses. Astronomical Advocate “In seeking to reduce light pollution to almost zero, our mission is clear: preserving access to the night sky,” Apolónia asserts. While the goal might seem straightforward—curbing excessive lighting that squanders resources—it’s beset by intricate challenges rooted in myths and cultural norms. “Due to myths and cultural issues, this task is the real challenge,” she notes. Daily, municipalities squander funds on misguided lighting. Apolónia laments, “Inadequate lighting, too intense, with wrong color temperature lighting things that do not need to be lit.” This formidable mission transcends boundaries, aiming to debunk myths, integrate scientific findings and transform technical decisions. Her resolve shines: “Our mission had to go beyond—become global—deconstruct myths—assimilate new knowledge.” Championing Dark Skies In Apolónia’s humble contribution, she wanted more real cooperation between the various stakeholders and that whoever has the power to plan and manage the territory, would do so with a clear commitment to sustainability and long-term planning without thinking about votes, short-term financial interests and lobbies. From Constellations to Conservation “Developing a destination with two languages, cultures and identities is a challenge, yet it breaks barriers and contributes to managing vital resources,” Apolónia emphasizes. Coexisting identities and Lake Alqueva’s night sky offer potential, though territorial management complexity poses a challenge. “Benefits and potential drive us,” she notes, describing joint strategies fostered by Interreg programs. “Within the Interreg program through POCTEP—joint projects favor cross-border cooperation,” Apolónia explains. Their efforts create a sense of community while aligning with sustainability goals and safeguarding the night sky—a crucial tourist asset. “We move forward with our mission to protect this important resource,” she states. Cosmic Coinage In 2007, Apolónia birthed Portugal’s first Astro-tourism ® destination, Dark Sky Alqueva. A visionary in sustainable ® and future-focused tourism, Apolónia crafted the Dark Sky concept to enhance skills and shape a brighter future. Achieving certification in 2011, it stands as the world’s pioneer Starlight Tourism Destination and cross-border Starlight Destination, spanning 10,000 square kilometers across Portuguese and Spanish territories around Alqueva Lake. But also achieving the seal of Best Tourism Village By UNWTO for Cumeada in 2021, where we have our headquarters and Observatory, helped the internationalisation. ® Within, the Official Dark Sky Observatory in Cumeada dazzles visitors with state-of-the-art telescopes for solar and celestial gazing. Miguel Claro, the official astrophotographer, captures breathtaking nocturnal landscapes and star-studded skies that beautifully marry with Alqueva’s cultural heritage. ® Dark Sky Alqueva transcends stargazing into experiential magic. The Observatory fosters cosmic journeys from planets to galaxies, while Alqueva’s vast spaces offer diverse activities like moonlit horseback rides, astrophotography workshops and twilight wine-tasting. ® The Dark Sky Alqueva Route, a partner network, enriches experiences with offerings like nighttime canoeing, ballooning over Alqueva, yoga, sports events, and more. Importantly, the partners’ authenticity can only be found on the official website. Apolónia’s brainchild binds the celestial and terrestrial, reigniting a connection lost in urban light pollution. As a ® result, Dark Sky Alqueva doesn’t just unveil the universe—it reignites passion and wonder.
  • 16. Each breathtaking image captivates, nurturing a desire for ® the profound, untainted night sky that Dark Sky Alqueva offers. This visionary destination isn’t just about stargazing—it’s about reconnecting with the universe and nature, crafting unforgettable moments from dawn to starry dusk in the heart of Alentejo. Galactic Grants “This is the challenge we face,” Apolónia remarks, “as themes of night sky preservation and sustainability don’t readily gather support. Adding our non-partisan stance and cross-border scope complicates matters.” Though Astro- tourism gains traction, backing remains limited. The work spans beyond mere tourist offerings, necessitating self-sustained resources. Hosting sessions and events, aiding Astro-tourism globally with proven experience, becomes essential for progress. “While it limits direct interventions,” Apolónia notes, “it’s the sole path to uphold our 2007 mission and vision.” With ® perseverance, Dark Sky Alqueva fuels its crucial journey, fostering starry nights and sustainable futures. Stellar Sustainability “During our astronomical sessions, Miguel Claro and Nuno Santos incorporate vital discussions on safeguarding the night sky and adopting sustainable habits,” Apolónia ® emphasizes. “When participants step into Dark Sky Alqueva’s realm and snap pictures, they instantly grasp the contrast between our preserved, certified sky and light- polluted alternatives.” Indeed, as Miguel underlines, astrophotography in this pristine night sky serves as a powerful tool for advocacy and awareness. “It’s an immersive experience that conveys the message effectively,” Miguel explains. Through his ® workshops, Dark Sky Alqueva educates while igniting a passion for a starry universe worth protecting. Constellations of Change ® “Dark Sky Alqueva is a realization of my sustainable destination development model, which I’ve been cultivating since my involvement with the Tourism Sustainability Group (TSG) in 2005,” Apolónia explains. “Sustainability is the bedrock of our approach, embedded in our daily operations, supported in the field by our team member Rebecca Slade.” TSG’s mission was to formulate the Agenda for the Sustainability and Competitiveness of European Tourism, aligning perfectly with my training in Tourism Management and Planning, inspiring a reimagined approach to destination creation and management. The challenge lies in transcending organizational and competency boundaries, enabling sustainable, long-term planning independent of political cycles. This empowers a destination to be developed cohesively, unencumbered by fragmented decision-making. While navigating these challenges comes with costs to the ® destination’s appeal, Dark Sky Alqueva remains dedicated to its mission. By collaborating with international entities like One Planet Travel with Care and endorsing the ® Glasgow Declaration, Dark Sky Alqueva extends its reach beyond boundaries, echoing its core vision. Galactic Guardians “Preserving the night sky has proven to be a formidable challenge, largely due to the gradual loss of sky quality that often goes unnoticed,” says Apolónia. “Light pollution discussions have been overlooked due to various interests, downplaying its negative effects, overlapping safety myths and complex factors that obscure the issue.” The strategy has been to convey the possibility of balanced development while protecting the night sky—something achievable through collective effort and informed choices. In rural settings, the approach combines multiple endeavors, aiming to achieve nearly zero light pollution and emphasizing the benefits for the economy, environment and well-being. Despite its complexity, a strategy emerged: certifying the sky’s quality, thus recognizing the region’s potential. “Dark ® Sky Alqueva’s Starlight Tourism Destination certification by the Starlight Foundation in April 2011 marked a pivotal milestone,” Apolónia explains. “Being named the world’s first Starlight Tourism Destination garnered national and international visibility.” This distinction heightened awareness, not just of the area’s potential and pride, but also of the necessity to safeguard this resource. Certification alone isn’t a guaranteed triumph. A dedicated push into international markets led to recognition, increased tourism and over 50 international awards. These accolades span sustainability, luxury,
  • 17. attraction and responsibility, collectively contributing to ® Dark Sky Alqueva’s growing success and global recognition. Uniting Stars, Uniting Causes “Our focus has always been on safeguarding our region through sustainable, non-mass tourism that respects and enhances its well-being,” Apolónia emphasizes. “Quality and sustainability are paramount, deterring the risks associated with rapid, vote-driven investments that disregard long-term costs.” Although the capacity to mitigate such issues is limited due to the non-public status, tangible outcomes become strongest advocates. Engaging with visitors, we champion awareness—of both the night sky and the environment—empowering each individual to create positive change, not only during their stay but also when they return home. As Apolónia underscores, “Every contribution counts and together, we can make a meaningful impact on our destination and beyond.” The goal is clear: striking a harmonious balance between progress, preservation and education for the betterment of all. The Stardust Path “The journey through Astro-tourism, sustainability and destination creation has been a process of accumulating knowledge,” Apolónia reflects, “where every factor—time, location, politics, and more—shapes the trajectory’s success or setbacks.” Her expertise underscores the importance of sustained planning, integrating sustainability into every facet of destination development. “The most significant impact,” she notes, “lies in revealing the necessity of long-term strategies. Sustainability isn’t just a checkbox—it’s a crucial thread woven into planning, development and execution. Merging research and science into strategy reaps rewards.” Apolónia’s approach demands an open-minded perspective, understanding destinations as intricate, dynamic systems. This worldview molds her strategy, ensuring goals align with the complexity of the world around us. “Ultimately,” she adds, “success hinges on embracing a holistic perspective, channeling it into every step of the journey.” The result? A blueprint for fostering thriving, sustainable destinations rooted in lasting value. The Aurora of Change “Our journey has transformed us into a school of sustainability,” Apolónia notes, emphasizing, “we’re eager to share our hard-won lessons globally.” The path to success was no cakewalk—it demanded resilience, skill- building and unwavering dedication. “Maintaining our mission amid adversity and limited understanding was no small feat,” she adds. The results, however, provide the impetus to persist. “We remain steadfast, resisting pressures that detract from our true mission,” Apolónia asserts. Amid a landscape cluttered with fleeting results, she observes, “Many entities invest immense sums in short-term strategies, often political in nature.” She adds, “This investment yields minimal impact and does little to foster real development.” The true strength, as she sees it, lies in the wisdom to prioritize enduring progress over momentary gains, ushering in a legacy of sustainable transformation. Brightening the Eco-Skyline “Global sustainability is the game-changer,” Apolónia stresses, affirming, “It’s about adopting an integrated, long- term view that transcends power cycles.” This vision, she contends, must stand firm against the whims of shifting interests. Apolónia believes in holistic destination management. “A destination isn’t just about tourism—it’s a tapestry of interconnected elements,” she asserts. “From roads to healthcare, every aspect affects both tourists and local communities.” Yet, bridging this gap remains arduous. “Talks of cooperation abound, but practical implementation is scarce,” she laments. Having participated in countless forums, she notes a disconnect between rhetoric and action. “Cooperation requires concessions and joint effort,” Apolónia explains, “a challenging prospect when individual success is the measure.” The solution? “More like-minded individuals and organizations,” she proposes, “to reshape the perception of sustainability in destination planning and management.” This shift, she insists, demands a collective commitment to shared goals, paving the way for a harmonious balance between development and preservation.
  • 18. Essential Aspects ofBiodiversity Biodiversity Biodiversity for Sustainable Ecosystems Ecosystems Ecosystems B iodiversity, the variety of life on Earth, is a cornerstone of our planet's health and well-being. It encompasses the rich tapestry of species, ecosystems, and genetic diversity that collectively shape the world we inhabit. Biodiversity conservation is the deliberate and necessary effort to protect and sustain this intricate web of life, which plays a critical role in maintaining sustainable ecosystems. In this article, we will explore the significance of biodiversity conservation and its profound impact on the sustainability of our planet. Understanding Biodiversity Biodiversity can be categorized into three primary components: genetic diversity, species diversity, and ecosystem diversity. Genetic Diversity: This refers to the variety of genetic information within a single species. It is crucial for adaptation and resilience, allowing species to evolve and respond to environmental changes, diseases, and other challenges. Species Diversity: Species diversity encompasses the number and variety of different species coexisting in a particular habitat or ecosystem. Each species has a unique role in maintaining the balance of the ecosystem. Ecosystem Diversity: Ecosystem diversity pertains to the various types of ecosystems found on Earth, such as forests, wetlands, coral reefs, and grasslands. Each of these ecosystems supports a specific set of species and ecological processes. Importance of Biodiversity Conservation Ecosystem Stability: Biodiversity is a stabilizing force within ecosystems. Each species has a unique function, and the interactions between species are intricate and interdependent. When one species is lost, it can disrupt the entire ecosystem, www.ciolook.com | October 2023 | 16
  • 19. The Crucial Facets www.ciolook.com | October 2023 | 17
  • 20. potentially leading to a cascade of negative impacts. Conserving biodiversity ensures the resilience and stability of ecosystems. Ecosystem Services: Biodiversity provides numerous ecosystem services essential for human survival. These services include clean air and water, pollination of crops, pest control, and the regulation of climate and disease. Biodiversity is directly linked to our quality of life and well-being. Adaptation to Change: Biodiversity is essential for adaptation in a changing world. As climate change and other environmental stressors alter habitats, species diversity allows ecosystems to adapt and evolve, ensuring their long-term survival. Economic Benefits: Many industries, such as agriculture, pharmaceuticals, and tourism, rely on biodiversity for their products and services. For instance, medicines, textiles, and food crops are derived from a wide range of plant and animal species. Cultural and Aesthetic Value: Biodiversity enriches our lives culturally and aesthetically. It is a source of inspiration, spirituality, and cultural significance. Many communities around the world have deep connections to the natural world. Challenges to Biodiversity Conservation Despite the undeniable importance of biodiversity conservation, numerous challenges stand in the way of preserving it. These include habitat destruction, pollution, overexploitation, invasive species, and climate change. Human activities, such as deforestation, industrial agriculture, and urbanization, continue to have a detrimental impact on biodiversity. Conservation Efforts Efforts to conserve biodiversity range from establishing protected areas, such as national parks and reserves, to enacting international agreements like the Convention on Biological Diversity. Conservation organizations, governments, and communities work together to promote sustainable land and resource management practices. Education and awareness-raising campaigns also play a vital role in engaging people in conservation efforts. Factors and Elements Biodiversity is not just a concept confined to scientific circles; it touches our daily lives in more ways than we often realize. To delve deeper into the importance of biodiversity conservation and its implications for sustainable ecosystems, let's explore additional aspects: Ecological Resilience: Biodiversity enhances the resilience of ecosystems. A diverse array of species means that if one species is adversely affected by disease, predation, or environmental changes, others can step in to fill the gap. This resilience ensures the continued functioning of the ecosystem and its ability to recover from disturbances. Food Security: Biodiversity is essential for food security. It provides a broad range of crops and livestock, which are the basis of our food supply. A lack of genetic diversity in these resources can make our food supply vulnerable to pests, diseases, and changing environmental conditions. Medicine and Biotechnology: Many pharmaceuticals and biotechnological advancements are rooted in the genetic diversity of plants, animals, and microorganisms. A rich biodiversity provides a vast pool of genetic resources for potential medical breakthroughs. Regulation of Climate: Ecosystems play a vital role in regulating the global climate. Forests, for example, act as carbon sinks, sequestering carbon dioxide from the atmosphere. The loss of biodiversity within ecosystems can disrupt these regulatory functions and exacerbate climate change. A Note to Remember The conservation of biodiversity is a multifaceted challenge and a collective responsibility. It extends far beyond the scientific realm. It has profound implications for our environment, economy, culture, and well-being. Recognizing the interconnectedness of all life on Earth and the importance of protecting and preserving biodiversity is vital for the sustainability of ecosystems and the future of our planet. www.ciolook.com | October 2023 | 18
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  • 22. T ony Lee Luen Len, a Senior Partner at Ecosis, stands out as a beacon of change. He is creating a future where smart and sustainable development is at the heart of every endeavor and social impact is a driving force. Ecosis, founded in 2006, has a grand mission—to co- create a sustainable and joyful world by ingeniously managing sustainable solutions and strategies from concept to completion. At its core, Ecosis excels in project consulting and management, with a strong emphasis on intelligent, sustainable solutions. But let's shift our focus to the visionary behind the scenes—Tony Lee Luen Len. With a skill set that encompasses Team Leadership, Presentations, Conflict Management, and a Logical Approach, Tony is the driving force behind Ecosis' success. He's not just a sustainability consultant—he's an expert in smart and sustainable development, a partnership broker, a social impact strategist, and a champion of technology for good. Tony is the embodiment of a multifaceted approach to sustainability. Passion fuels Tony and the Ecosis team, propelling them toward creating a positive change for a sustainable future. They are committed to helping clients navigate the challenges and opportunities of sustainable development, serving as enablers for organizations striving to make a difference in the economy, the environment and society. Let's explore a world that hungers for sustainable solutions where Tony and Ecosis are leading the charge, making the dream of a smarter, more sustainable future a reality! Brief us about your career path as a leader until your current position. What were the challenges that you had to overcome to scale your progress? My journey through life has been shaped by my humble beginnings. I was born in a rural area of Mauritius, where my Chinese immigrant grandparents ran a small shop. We lived behind the store and the intertwining of work and family life was a constant presence. As a shy child, finding my place in school was a challenge, however, the recognition I received from a dedicated teacher, who adorned my schoolbooks with stars for correctly completed exercises, provided a reassuring sense of accomplishment. Doing well in school was my path to being seen, echoing the wise words of my grandmother, who encouraged me to learn so that one day I could have a home of my own. My first taste of leadership came in high school when older students selected me to join the Student Representative Council (SRC). Despite being the youngest member, I felt a sense of importance in this role. This experience paved the way for my future leadership roles. At university, I was elected chairperson of the SRC for the Faculty of Fine Arts and Architecture. It was during this time, in South Africa amid the tumultuous era of apartheid, that I realized the depth of political engagement within the SRC. My career journey officially began in project management, where I oversaw the relocation of blue- chip companies and managed building projects. Afterwards, I ventured into consultancy and collaborated with pioneering green architect Etienne Bruwer. www.ciolook.com | October 2023 | 20
  • 23. Tony Lee Luen Len Senior Partner Ecosis www.ciolook.com | October 2023 | 21
  • 24. At the age of 28, I was recruited as the General Manager of an Aluminum and Glass company, which would later become one of South Africa's largest firms. Leading a team of 70 employees, including senior colleagues with more experience, was a challenging but rewarding experience. Through hard work and dedication, I earned their respect and contributed to tripling the company's size before leaving at 33 due to a near-fatal car accident that miraculously spared my life. In 2005, my life took a pivotal turn as I returned home to heal from the accident, which left me with a severely impaired voice. During this time, I explored my passion for sustainability and founded my consultancy firm, Ecosis. My commitment to climate action led me to co- found the Climate Change Action Forum and establish the Green Building Council of Mauritius after attending the Greenbuild conference in Boston in 2008. As a member of the World Green Building Council and the broader sustainability community, I realized the power of advocacy and the impact I could have. My expertise expanded to encompass green buildings, energy efficiency, smart cities, technology, and innovation. I engaged in strategic and policy work for various organizations, including governments, UN agencies, development institutions, corporations, and nonprofits. In 2013, I recognized the importance of collaboration to effect meaningful change. I joined the Partnership Brokers Association, delving into the field of multi- sector organizations and advocating for effective stakeholder engagement and partnerships. Today, I serve on numerous committees for my government, private sector coordination bodies and international organizations. My commitment to driving sustainable change remains unwavering as I continue to attend and speak at conferences and public events. Tell us more about your company and its mission and vision. I run a few initiatives. The main one is Ecosis—founded in 2006—a sustainability and social impact consultancy. Our mission is to co-create a sustainable and happy world by developing and managing sustainable solutions and strategies smartly from beginning till completion. I guess the action part will need to be updated, as we are doing more than that. The other one that is taking my time and focus is our philanthropic initiative, "anAngel." It is a gamified free marketplace for good deeds. Our mission is to harness the power of the community to help achieve the SDGs. What methodologies do you implement that contribute to new growth opportunities? Upholding our company values of professionalism, quality, service to others, lifelong learning, and collaboration has served us well. Also, we have been advocating for the green, triple bottom line of profit, people and the planet since we set up our company in 2006. Today, when green is mainstream and ESG is ubiquitous—people remember us! Finally. We do not sleep on our laurels—we constantly keep abreast of development in our fields of expertise. We often attend conferences, workshops and courses. For instance, I am still at university doing research as a Bertha Centre for Social Innovation scholar. Please share your learning of the Sustainability world. In the Sustainability world, it is very buoyant. As mentioned above, all is now mainstream. To me, it seems mainstream. We see articles in daily newspapers. And everyone seems to be interested all of a sudden. Perhaps not for the right reasons, but at least more people are interested in the World's problems and SDGs. We have been advocating for the green, triple bo om line of profit, people and the planet since we set up our company in 2006. “ “ www.ciolook.com | October 2023 | 22
  • 25. However, as per speeches from the UN General Assembly 2023, we are off track from achieving the sustainable development goals by 2030. We are equally not on target to keep our mother earth's temperature below 2 Degreesby the end of the century. I think we have significant challenges ahead. And this is going to affect each and every person on earth. Attending climate conferences, for instance, it feels like déjà-vu or the speeches sound like broken records. It is not the President's or the UN secretary general's fault, as I myself often sound like a broken record in my addresses. For our World to transition, hash-tagged #thejusttransition, systems need to change and shift. We must all understand and accept that any transitions take time. However, we should not do the same thing and expect different results. Einstein coined this as insane. Unfortunately, I see a lot of insanity, but small pockets of ingenuity and innovation are happening. We need to shed more light on these and scale the same. Sustainability has also become a big business, which accentuates the political plays. It renders the sustainability world very complex. I can just hope for the best and do my bit. I only hope that I will prove many people wrong and that my efforts will not be in vain. What strategies do you implement to promote gender diversity for various leadership positions at your company? We have a Diversity, Equity and Inclusion policy at our company. We apply the same when we recruit and in all our dealings within our company. Currently, we stand at 80:20 in the proportion of females to males. What values do you incorporate to enhance the work culture of your company? As mentioned above, our company values are professionalism, quality, service to others, lifelong learning, and collaboration. We have a rigorous screening process where we communicate our values and the additional personal values that we want our candidates to have—they are authenticity, responsibility, loyalty and trustworthiness. What, according to you, could be the next significant change in your sector? How are you preparing for the change? The next significant change in our sector is what we are experiencing now. As sustainability has become mainstream, there is firstly a need for more human resources. Secondly, companies want to have the expertise in-house. As a smaller boutique consultancy, it puts pressure on us. Companies eye our personnel. For this, we do as we have always done. Through our work culture and growth potential, most of our personnel remain loyal. We also see that the type of services consultancies provide change as past clients integrate expertise in-house. We, therefore, keep developing different offerings. It makes the journey more creative. Where do you envision yourself to be in the long run and what are your future goals for your company? Personally, I envision myself to continue doing the advocacy work and taking a back seat on the consultancy side, where partners will continue running the company. I never had ambitious goals for our company. I never wanted to be a big consulting firm. We have built a respected and reputed firm. I will let the younger generation decide on its future goals. My medium-term goal is to continue to nurture, mentor and empower the younger generation. What advice would you give to the next generation of Sustainability leaders willing to venture into the modern business arena? My advice to the next generation of sustainability leaders willing to venture into the modern business arena is to do it for the right reason or purpose. Having purpose as the north star will get them through difficult times, as competition becomes fiercer. Secondly, always push your clients to do better. This is the only way to shift the system quicker and achieve the #justtransition. www.ciolook.com | October 2023 | 23
  • 26. The Trend Chart Innovative Ways for Businesses to Integrate ESG Investments n recent years, sustainable investing and the Iconcept of "profits with a purpose" have gained significant traction within the financial industry. Environmental, Social, and Governance (ESG) investments have become more than just a buzzword; they represent a fundamental shift in the way investors view their financial portfolios. This article explores the essential aspects of sustainable investing, the integration of ESG criteria, and how it is possible to achieve both financial returns and positive societal impact. Sustainable Investing: A Growing Trend Sustainable investing, also known as socially responsible investing (SRI) or impact investing, refers to a strategy that takes into account not only the potential financial returns of an investment but also its impact on the world. It involves aligning your investments with your values and beliefs, aiming to support companies that contribute positively to society and the environment. The ESG Framework ESG investments are a subset of sustainable investing that specifically considers three key factors: www.ciolook.com | October 2023 | 24
  • 27. Environmental (E): This factor examines a company's environmental impact, such as its carbon emissions, resource use, and efforts to reduce its ecological footprint. Social (S): The social aspect evaluates a company's treatment of its employees, communities, and broader society. This includes labor practices, human rights, diversity, and community engagement. Governance (G): Governance relates to how a company is managed and governed. It assesses factors like board diversity, executive compensation, and shareholder rights, with the aim of promoting ethical and transparent decision-making. The Integration of ESG Criteria The integration of ESG criteria into investment decisions has gained momentum for several reasons: Risk Mitigation: Companies that perform well in ESG areas are often better equipped to manage risks related to regulatory changes, reputational damage, and resource scarcity. Long-Term Performance: Research indicates that companies with strong ESG performance tend to be more resilient and deliver stable returns over the long term. Attracting Responsible Investors: ESG integration can attract responsible investors who prioritize sustainability, potentially leading to a lower cost of capital for the company. www.ciolook.com | October 2023 | 25
  • 28. Positive Societal Impact: ESG investments aim to create a better world by supporting companies that make a positive difference in areas like renewable energy, fair labor practices, and diversity. Profits with a Purpose: Balancing Financial Returns and ESG Impact Many investors have historically viewed sustainable investments as a trade-off between profits and social or environmental impact. However, this perception is rapidly changing. Investors increasingly recognize that sustainable investments can deliver competitive financial returns while also fostering a sense of purpose. Here are a few key reasons behind this shift: Market Maturity: The ESG investment landscape has evolved, offering a wider range of opportunities and asset classes. This diversity enables investors to tailor their portfolios to their risk tolerance and financial objectives. Performance Data: As ESG metrics and data become more standardized and accessible, investors can make more informed decisions about their investments. This transparency helps dispel the myth that ESG investments underperform traditional ones. Regulatory Support: Governments and financial institutions are recognizing the importance of sustainable investing. This has led to increased regulatory support, tax incentives, and a growing market for ESG-related products. Consumer and Stakeholder Pressure: Companies that disregard ESG considerations may face reputational risks, legal liabilities, and potential revenue losses. As consumers and stakeholders demand more responsible corporate behavior, companies are increasingly incentivized to adopt ESG principles. Investment Strategies in Sustainable Investing Negative Screening: One approach to sustainable investing involves excluding companies or industries that don't align with ESG criteria. For instance, an investor might avoid companies involved in tobacco, firearms, or fossil fuels. This approach allows investors to make ethical choices by not investing in activities they find objectionable. Positive Screening: On the flip side, positive screening involves actively seeking out companies with strong ESG performance. This approach focuses on investments in companies that demonstrate leadership in environmental sustainability, social responsibility, and good governance. Impact Investing: Impact investing goes a step further by actively seeking out investments that generate measurable, positive social and environmental impact alongside financial returns. These investments often target areas such as clean energy, affordable housing, and healthcare in underserved communities. ESG Integration: This strategy involves incorporating ESG factors into traditional financial analysis. Rather than making investment decisions based solely on financial data, ESG integration uses ESG criteria to identify risks and opportunities that might not be evident from financial metrics alone. The Business Case for Sustainable Investing Risk Management: Companies that neglect ESG considerations can face various risks. For example, environmental regulations can lead to fines or increased production costs for companies with a high carbon footprint. Good ESG practices help mitigate these risks. Innovation and Competitive Advantage: Sustainable companies often innovate to reduce their environmental impact or enhance social responsibility. This innovation can lead to cost savings and a competitive advantage. For example, Tesla's focus on electric vehicles has positioned it as a leader in the automotive industry. Customer and Employee Loyalty: Companies with strong ESG performance tend to attract more loyal customers and employees. Customers increasingly want to support businesses that align with their values, while employees prefer working for companies that prioritize social and environmental responsibility. Long-Term Growth: The long-term view is crucial in sustainable investing. Companies that prioritize ESG criteria are more likely to make strategic decisions that drive long-term growth and shareholder value. www.ciolook.com | October 2023 | 26
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