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Governance

AI x Sustainability (2): Leveraging AI for ESG Reporting

October 22, 2024

Could ESG reporting finally become less repetitive and tedious? AI has the potential to transform ESG reporting by automating compliance tracking, integrating data from diverse and unstructured sources, and streamlining audit preparation. This opens up opportunities to free data and ESG experts from repetitive, tedious tasks. Yet, while AI offers promise, tight oversight remains essential to address challenges like data quality ('crap in is crap out') and system integration.

Figure 1: Structural overview of ISO 37000/2021 (Source)

Governance

An ISO Standard for Good Governance – Warning Sign or Pivotal Inflection Point?

August 20, 2024

ISO 37000/2021 is a pivotal shift in governance, placing purpose at the heart of every organisation. It’s not just a box-ticking exercise but a strategic framework aligning values, strategy, and stakeholder interests. The key question: Does this signal a new global consensus on good governance, or a warning for leaders?

Biz Strategy Governance Opinions

What would the world lose if your company disappeared?

July 23, 2024

Our economic well-being relies on indefinite growth in a finite system, raising sustainability concerns. But, if we dared to ask: What would the world lose if your company disappeared? Companies might find themselves in a totally novel position on how to justify their existence: Through assessments of their overall impact on society and the planet, or indeed having to advocate how their business case positively contribute to all facets of life.

Governance Opinions

Health Care and the ‘S’ in ESG

April 9, 2024

The healthcare industry's social responsibility goes beyond just workplace and supply chain issues; it's about its impact on society and what its real goals are. Trials and prevention efforts often overlook certain groups. Politics and money regularly determine who gets treated, in function of political agendas in some jurisdictions. And: Using the GDP to measure health isn't necessarily helpful as it incentives fixing problems rather then preventing them early on.

Finance Governance Opinions

COP28: An Important Step – Just Differently So

January 3, 2024

COP28 yielded mixed results, featuring some historic 'firsts' such as a fossil fuel phase-out commitment, a $700 million loss and damage fund, the recognition of nuclear energy, and (this is huge!) a pointed spotlight on food systems' role in adaption. Most of the old challenges though remain: It's all carrots and no sticks. Which shows in the continued absence of enforcement of Climate Targets or their stringency, and the eye-level conversation with Global South nations.

Biz Strategy Governance Opinions

Climate Litigation x Boards of Directors: Approaching New Frontiers

November 1, 2023

Governments as well as legal persons such as companies are undoubtedly important players in this whole societal shift towards climate mitigation and adaption. When it comes to corporates though, and notably stock quoted companies, there is a group of people that is most prominently exposed in regards to the legality and societal ‘license to operate’ of a company: the Board of Directors (BoD). The question hence for this blog post is: How is this climate litigation business shaping up to affect the Board of Directors of publicly listed companies?

Biz Strategy Finance Governance

The Next Wave: Biodiversity (9) – Habemus suasiones! Recommendations we have!

October 11, 2023

After some results at the COP in Vancouver, as well as the release of the first ever Science -Based Targets for Nature (SBTN) – finally (!) the recommendations by the TNFD (Task Force for nature-based financial disclosure) have been released. So the question obviously is, how do these targets address the 5 key drivers of biodiversity erosion eventhough it is only about reporting? Are the TNDF recommendations worth their salt?

Biz Strategy Governance Opinions

Climate Litigation x Companies: An (un)surprising Surprise?!

September 13, 2023

Governments are undoubtedly important players in this whole societal shift towards climate mitigation and adaption. Equally important though, and by the argument of some possibly even more important: companies, the corporate world. The largest number of cases on a global level are brought forward against governments. But about a forth of all cases are filed against corporations. This is not negligible - and, maybe more importantly, a number on a brisk raising trajectory. The question hence for this blog post is: How is this climate litigation business shaping up to affect corporate players?

Biz Strategy Governance Opinions

Climate Litigation x Governments: A surprisingly (un)revolutionary approach

August 2, 2023

Litigation, going to court, is by definition not a fun business. And yet, in this 2023 several Climate Litigation cases have already caught the headline – and many more are in the makes. Among all the court cases, one particular case sticks out like – depending on the political viewpoint – either a lighthouse of hope, or a sore thumb: Urgenda vs Government of the Netherlands. In this blog post we dig deeper into this case: Who was going to court against whom? And why exactly? How come the plaintiffs won? And: is this just a one off local phenomenon in the Netherlands?

Finance Governance Labels Supply Chain

The Next Wave: Biodiversity (8) – Habemus propositum! Targets we have!

July 18, 2023

After some results at the COP in Vancouver, as well as efforts by the TNFD (Task Force for nature-based financial disclosure) – we finally (!) got the first ever Science -Based Targets for Nature (SBTN). It is a first release, however. So the question obviously is, how do these targets address the 5 key drivers of biodiversity erosion? Are the SBTNs worth their salt?

Biz Strategy Governance Opinions

It starts with … Me, myself and I.
OR: a simple field manual to create (sustainability) disempowerment in organisations.

May 10, 2023

This manual was originally drafted when I was astonished by the way how ‘doublespeak’ is being used in organisations to prevent change. Any change. Including – but not limited to – sustainability related ones. It is a cynic-sarcastic-semi-realistic manual on how to be reasonably successful in disempowering an organisation. It is applicable to all areas that encompass change including innovation, sustainability, internationalisation, digitalisation and so forth.

Definitions Globalisation Governance

The Next Wave: Biodiversity (7) – What you Measure, you Manage, and Progress. Or not?!

April 12, 2023

In the last post I wrote about one of the most historic inter-governmental landmark decisions: At the ‘Biodiversity’ COP (COP15) 200 countries had agreed on 4 Goals and 23 Targets. It goes without saying though that the interesting piece is the enforcement and implementation mechanisms of the mentioned agreement. Hence, the focus of this article is: How exactly – if at all – will the goals and progress measures reached in December 2022 be enforced and tracked?

Definitions Finance Governance

The Next Wave: Biodiversity (6) – It was a 30% Christmas Present

January 10, 2023

In time for Christmas, one of the most historic inter-governmental landmark decisions hit the headlines: The 'Biodiversity' COP (COP15) had actually achieved 'something'. 200 countries had agreed on 4 Goals and 23 Targets. Some of those are a bit more concrete than others, the headline goes roughly like this: “By 2030: Protect 30% of Earth’s lands, oceans, coastal areas, inland waters; Reduce by $500 billion annual harmful government subsidies; Cut food waste in half.” A closer look at precisely those 23 Targets and the specificity of the measures they contain.

Governance Opinions

For better or for worse: Governance is made by People

August 9, 2022

When it comes to governance, discussions about ‘Best Practice’ are frequent. What is often forgotten however: Governance, and notably ‘good’ governance, stands and falls with people. WHO sits on the board is hence at the very least as important as HOW that board is set up to operate by its procedures and surrounding legal constraints. Why is that so? And why is this often ignored?

Leadership and Operations have complementary accountabilities in rolling out Sustainability

Biz Strategy Governance

Getting Sustainability Done: Top Down ↔ Bottom Up – Who is Accountable for What?

June 28, 2022

‘The conversation is always about cost, not about impact!’ And: ‘Employees just don’t get moving!’ Do these statements remind you of your company’s challenges? Your not alone! Leadership and Operations Teams have complementary sustainability implementation accountabilities and responsibilities. But instead of leveraging that fact, more often than not the blame game is played. What to do about it? Implement Fair Process Leadership governance processes - and train all teams through Serious Games.

Biz Strategy Governance

Where the Rubber Hits the Road: Accountability requests at Leadership Level

May 17, 2022

This time around I want to make it explicit: If a company is not performing in sustainability terms, it as good as always down to senior leadership. Both, executive leadership – CEO, COO, CFO, CMO, CSO etc. - as well as non-executive leadership at board level. For one, arguably simplistic, reason: sustainability deliverables are oversteered by ‘higher priority’ KPIs. And what does mean? Fundamentally, it is down to decisions where the ball stops at the top leadership level. Do you recognise these scenarios?

Definitions Finance Governance Labels

The Next Wave: Biodiversity (5) – Targets, Methodologies, Tools

November 23, 2021

Measuring Biodiversity, in terms of baseline (status quo), progress, and deliverable targets, is not a simple thing. Collateral damages are a serious risk.At the same time though, some companies use outcomes of tools, which where never intended to deal at all with biodiversity, as proxy vehicles. This of course raises the question: Where are we with tools, programmes, and measurement systems for biodiversity? Hereafter a look across what I found to be having (some) teeth - also in comparison to the more popular climate change topic. These are: TNFD, SBTN, as well as two management tools that might be helpful, FFFBB and BIA. Ask: If you are aware of others initatives 'with teeth' as of of writing (November 2021): do let me know and I’d be happy to list them also. Thank you!

Biz Strategy Globalisation Governance

The Next Wave: Biodiversity (4) – Corporate Status Quo: Sand in the eyes of the beholder?

November 16, 2021

Textile Exchange recently launched their (first ever) Biodiversity Insights Report. In itself not a bad idea per se – after all, assessing the staus quo of things is at least a baseline – the report is indeed ‘insightful’ in a number of ways. Most importantly: it raises a lot of questions. Such as: If predominantly large companies are such laggards in all things biodiversity - can you imagine the situation in companies with much less resources? And why are entirely inadequate tools used to measure biodiversity? Are the commitments not just a rehash of climate committments, that only very recently start to show teeth and results?

Globalisation Governance Opinions

The Next Wave: Biodiversity (3) – COP 15: Post-2020 Biodiversity Framework

November 9, 2021

In the last post I explained what COP15 is: A conference with the main purpose to adopt the post-2020 global biodiversity framework. But: What exactly is the framework agreement? What does it cover and encompass? Does it offer similar KPIs such as the SDG indicators? Are there enforcement mechanisms? Assuming for a moment, that it will be adopted: what would, or could, that tangibly mean going forward? Here a try at answering these questions.

Definitions Globalisation Governance

The Next Wave: Biodiversity (2) – COP 15: When CBD is not about cannabis

November 2, 2021

While the relevance and criticality of COP26 is hammered home in the global media, the news reporting on COP15, as an effort possibly and reality more important than its Scottish climate conference peer, was rather subdued and unspectacular. Let’s therefore get the most context-relevant questions straight out of the way: What is COP15? And why are there two COPs? And what has biodiversity to do with it?

Future Fit Industries of 'Stuff': Governance, Responsibility, and the Age of Doughnut Economics

Governance

AI x Sustainability (2): Leveraging AI for ESG Reporting

An ISO Standard for Good Governance – Warning Sign or Pivotal Inflection Point?

What would the world lose if your company disappeared?

COP28: An Important Step – Just Differently So

Climate Litigation x Boards of Directors: Approaching New Frontiers

The Next Wave: Biodiversity (9) – Habemus suasiones! Recommendations we have!

Climate Litigation x Companies: An (un)surprising Surprise?!

Climate Litigation x Governments: A surprisingly (un)revolutionary approach

The Next Wave: Biodiversity (8) – Habemus propositum! Targets we have!

It starts with … Me, myself and I.
OR: a simple field manual to create (sustainability) disempowerment in organisations.

The Next Wave: Biodiversity (7) – What you Measure, you Manage, and Progress. Or not?!

The Next Wave: Biodiversity (6) – It was a 30% Christmas Present

For better or for worse: Governance is made by People

Getting Sustainability Done: Top Down ↔ Bottom Up – Who is Accountable for What?

Where the Rubber Hits the Road: Accountability requests at Leadership Level

The Next Wave: Biodiversity (5) – Targets, Methodologies, Tools

The Next Wave: Biodiversity (4) – Corporate Status Quo: Sand in the eyes of the beholder?

The Next Wave: Biodiversity (3) – COP 15: Post-2020 Biodiversity Framework

The Next Wave: Biodiversity (2) – COP 15: When CBD is not about cannabis

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