How Business Leaders Can Leverage ESG to Achieve Maximum Impact
In a survey done by INSEAD and BCG, it was found that 68% of companies sees sustainability considerations having little impact on their firm’s current financial performance, and 52% of them are incorporating sustainability in the business only because it’s ‘the right thing to do’. This shows a huge crowd that is lacking the understanding on how ESG actions can benefit the business.
With INSEAD’s education and research programmes spanning across 41 countries, they are on a mission to cultivate leaders to transform businesses to contribute ethically to the environment and the global society. With 20 years in the procurement field across education, merchandising, banking, and travel, ProcureCon Asia 2023 had an exclusive interview with Anne-Gaelle Gonet, Global Procurement Director at INSEAD. In a world where ESG is gaining widespread popularity, investors and customers are flocking to companies that are ESG-centric. The question probably on your mind is, how can you ensure that the business will thrive with sustainable actions integrated in every aspect?
“We’re working to ensure that ESG becomes a priority for every employee so that we can showcase what we’re doing to our customers.”
Anne-Gaelle explores,
- Challenges will arise, but how do you manage short term (e.g. employee training) and long term (e.g. supplier relationship management) ESG challenges?
- How the risk metrics for ESG differs for different industries – are you one of them?
- ESG goals and actions equal importance among CEOS and Every. Single. Employee.
- How do you balance and prioritise the different demands and expectations of stakeholders to ensure all parties involved understands and supports your decisions?
It’s 2023 and it’s high time to commence or revamp your ESG plans to strive for a healthier financial performance and planet!