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Navigating Sustainable Growth

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Navigating Sustainable Growth

A Roadmap for Boards and Corporate Leaders

De Gruyter,

15 mins. de lectura
10 ideas fundamentales
Audio y Texto

¿De qué se trata?

Corporate boards must take the lead in handling the opportunities and risks associated with climate change.

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Editorial Rating

8

getAbstract Rating

  • Comprehensive
  • Applicable
  • Concrete Examples

Recommendation

Many organizations are still mistakenly treating sustainability as a reporting exercise rather than a defining business strategy. In this practical guide, veteran sustainability adviser Gilbert Hedstrom argues that boards, not CEOs or regulators, must lead the charge in embedding sustainability into their organizations’ strategy, governance, and execution. Using detailed frameworks, a maturity model, and real-world examples, Hedstrom shows how companies can ensure resilience and identify and pursue growth opportunities in a world shaped by climate disruption.

Summary

Climate change introduces historic levels of risk and opportunity. Corporate boards must rise to these challenges.

By 2035, the effects of climate change will come to a head, posing material risks for every company — but also creating unique opportunities to increase revenues, profits, and long-term value. You would have to look back more than 100 years, to the early 1900s, to find a commensurate environment. The business world needs to rethink what sustainable growth means and focus on the long term. Companies need to evolve their business models and portfolios, expanding their view of sustainability beyond regulatory compliance. And boards — in collaboration with CEOs — must take the lead in these efforts.

Today, sustainability is understood to have four components: environmental stewardship, social responsibility, governance and leadership — the three traditional elements of ESG — plus strategy and execution. Sustainability governance sits at the center. Investors are already on board: A full quarter of global assets under management are sustainable assets; the global market size of sustainable investing exceeded $25 trillion in 2023 and is expected to increase...

About the Author

Gilbert Hedstrom specializes in helping boards drive sustainable growth. His career includes 20 years at Arthur D. Little, where he spearheaded environmental auditing in the United States and wrote the original environmental auditing standards, and 10 years heading The Conference Board’s executive sustainability councils. He’s the author of Sustainability: A Guide for Boards and C-Suites and Sustainability: What It Is and How to Measure It.

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