Building sustainability strategies into your private business EY Private Company Webcast Series 29 September 2015
Today’s speakers Christine Rhodes Susan McGeachie Manager, Climate Change and Central Canada’s Climate Change Sustainability Services and Sustainability Services Leader EY EY Page 2
Agenda ► Understanding sustainability ► Sustainability reporting ► The sustainability advantage ► Sustainability: Why do it? Page 3 Sustainability in Private Companies
Understanding sustainability: The big picture Developing thriving ecosystems and societies through the successful management of four interconnected domains Ecology Economics Politics Culture Page 4
Understanding sustainability: Terminology 1. Corporate Social Responsibility 1. CSR 2. Corporate Responsibility 2. CR 3. Environmental, Social and 3. ESG Governance 4. Sustainable Development 4. SD 5. Socially Responsible Investing 5. SRI 6. Responsible (Sustainable) 6. RI Investment Page 5
Sustainability reporting: Trends Top 3 reasons for issuing sustainability reports: Transparency with ► stakeholders Risk management ► Competitive advantage ► EY: Value of Sustainability Reporting , 2014 Page 6 Sustainability in Private Companies
Sustainability: Stakeholders Regulators: ► Expanding reporting requirements around the world for specific ► environmental, social and governance (ESG) risks and performance Customers: ► Increased awareness of choices and preference for healthier, ► environmentally friendly and socially conscious product options Page 7 Sustainability in Private Companies
Sustainability: Stakeholders Employees ► An important engagement and retention factor for current and future ► employees from all demographics Supply partners ► Considering an organization’s environmental and social footprint beyond ► operational boundaries as reflected in recent RFPs and supplier questionnaires Page 8 Sustainability in Private Companies
Stakeholders: Investors Investors: ► Integration of ESG considerations in formal investment decision-making ► processes Page 9 Sustainability in Private Companies
Sustainability: Risk management Page 10 Sustainability in Private Companies
Sustainability: Competitive advantage Rise of the “purpose led organization” (e.g., B Corp, social entrepreneur) ► Profitability as the key to success, not the primary purpose ► Growing and creating change in society and the economic landscape ► Page 11 Sustainability in Private Companies
The sustainability advantage Page 12 Sustainability in Private Companies
The sustainability advantage Page 13 Sustainability in Private Companies
The sustainability advantage 67% prefer to work ► for socially responsible companies 55% will pay extra 52% made at least on purchase in the past six ► for products and months from one or more socially responsible services from companies companies committed to 52% check product packaging to ensure sustainable positive social and impact environmental impact Survey: June, 2014 Page 14 Sustainability in Private Companies
The sustainability advantage Emission trading scheme Carbon tax Carbon price under consideration Carbon tax with ETS considered ETS and tax implemented or scheduled Source: World Bank's 2013 Carbon Pricing Report Page 15 Sustainability in Private Companies
Sustainability: Why do it? Businesses can reap many financial benefits just by incorporating sustainability strategies in and taking a proactive approach to investing in social and environmental programs. Attract top talent Create a legacy Operational efficiency Responsible innovation Page 16
For more information, please contact: Susan McGeachie Christine Rhodes +1 416 943 3882 +1 416 943 2687 Susan.mcgeachie@ca.ey.com christine.rhodes@ca.ey.com To find out how we support private companies, please visit us at ey.com/ca/pmm Page 17
Recommend
More recommend
