Emilio Marti’s Post

In our latest Harvard Business Review article, Andromachi Athanasopoulou, Eva Schlindwein, Emilio Marti and I outline how companies can use experimentation to make an impactful contribution to sustainable development. The HBR article can be accessed here: https://lnkd.in/djvicpWd Interested readers can find our study, to which we refer in our HBR article, freely accessible here: https://lnkd.in/dNxer_WA

Check out this Harvard Business Review article on how to create a #CSR program with real impact. In a recently published study, they analyzed how four multinational companies implemented CSR by interviewing 81 managers from all levels of the companies — from sustainability managers to the CEO — and analyzed the companies’ CSR reports and public documents on how external stakeholders assess the CSR activities of the companies. While all four companies implemented CSR practices, two companies realized their intended CSR goals, while the other two companies did not. Their analysis made them realize that experimentation helped explain these diverging outcomes. #corporatesocialresponsibility

Leaders, what does it take to create a corporate social responsibility program with real impact ? – Power of Experimentation matters ! An experimental approach to CSR implementation can raise new challenges for managers, including managing inconsistent CSR practices and cases in which local experimentation went wrong. Experimentation is also hard to monitor externally, thus creating new challenges for sustainable investors and ESG rating agencies. Yet, we are confident that the promises of experimentation strongly outweigh its potential drawbacks. After all, what is at stake is whether the CSR practices of companies realize the intended CSR goals — and thus whether companies have a positive impact on the environment and society.   #csr #csrmatters #csrculture

The most admirable and critical trend isn't just the acceleration of #ESG efforts but the push to monitor and measure them. I find this striking given how closely it parallels global efforts not only to accelerate the achievement of the #sustainabledevelopmentgoals but the strong drive to monitor and measure their progress as we enter the final 6 years in implementing the 2030 Agenda for Sustainable Development. Across many global development plans and frameworks, big businesses are identified as pivotal allies with the influence and power to move the needle forward. PS At least 10 of the companies in the list are from #Missouri with a number of them actively engaging with our school, Washington University in St. Louis - Olin Business School . #responsiblebusiness #esg #csr World Benchmarking Alliance https://lnkd.in/gnGangfu

From next year onwards, European companies will need to comply with the EU Corporate Sustainability Reporting Directive (CSRD), publishing regular reports on the social & environmental risks they face, and on the impact of their activities. However, for non-listed SMEs like us, reporting on sustainability will be voluntary. And that’s OK. But taking your Environmental, Social & Governance strategy (ESG) seriously requires not only commitment, but also active learning. Not only do we want to do it. We want to do it well. And for that, we need to be surrounded with the best. That’s why it’s an honor to welcome Klaus H. Sommer as our ESG advisor. Klaus has a long experience implementing equity & sustainability policies after many years working at Bayer, as former president of SPIRE (now A.SPIRE) and former chairperson of SusChem ’s board. Besides, he was Maria Fátima Lucas’ mentor during the European Commission’s Women Leadership Program and has conducted diversity & inclusion sessions in our company. We’re so glad to count on Klaus’ support in our ESG strategy! #ESG

𝟮𝗧𝗨𝗥𝗡 ESG - Social Responsibility “... By now, almost all large companies are engaged in corporate social responsibility (CSR): they have CSR policies, employ CSR staff, engage in activities that aim to have a positive impact on the environment and society, and write CSR reports …” Sua empresa está preparada para esta transformação? Ligue agora. Your Business is prepared for this transformation? Call us, we can help. Consultoria, Treinamentos e Mentoring contato@2turn.com.br 11 98380-5496 21 96627-7637 #2turn #consultoria #consulting #treinamento #training #mentoring #auditoria #compliance #engenharia #ESG #gestão #inovação #sistemadegestão #supplychain #ti #transformaçãodigital #vendas https://lnkd.in/d4UPnEKp

🌱🔋 What Is ESG? 🌱🔋 Now of course many of you know the acronym stands for Environmental Social & Governance, but what does that even mean from a business perspective. This year airdropd inc. working with Kiley Bolton and Seneca Polytechnic got to capture the essence of ESG and hear from the industry thought leaders about what ESG means to them. Some key takeaways from our day of filming ⬇️ 🌱 ESG encompasses the vision of an organization taking into account all internal and external stakeholders 💰 ESG is a way for businesses and organizations to think about matters that are NOT only tied to financial outcomes 🔥 ESG is about companies creating social value in alignment with their financial goals 📈 The jobs in ESG are rising and every organization is either hiring or building out teams to focus on all 3 aspects of ESG 🧠 Thinking about how to make policies and procedures more inclusive It was extremely interesting to hear from the superstar faculty from the ESG Executive Certificate Program at Seneca Polytechnic (which starts in April 2024), including ⭐️ Prabhjit (Prabh) K. Banga ⭐️ Anureet Kaur ⭐️ George Trisic 👀 If you look really closely you can also see some cameos made by elite Seneca Staff like ⭐️ Courtney Hayes and ⭐️ Teresa Artuso-Kranjcevic ⬇️🤷🏾♂️ Do You Think ESG Is An Emerging Industry 🤷🏾♂️⬇️

It shouldn't be very challenging to pinpoint companies truly committed to corporate and social responsibility. Yet the reality often falls short of the rhetoric. While plenty of companies talk the talk about their ESG efforts, an abysmal few actually walk the walk. In fact, a study by the World Benchmarking Alliance tracking 2,000 global companies revealed a bleak truth: the majority of organizations lack explicit sustainability goals. Those making strides often settle for slow, incremental changes, with distant targets like 2050 - a far cry from aligning with monumental agreements such as the Paris Agreement or the United Nations Sustainable Development Goals. These stats beg the question: if companies aren't integrating ESG into their core strategies and operations, is their concern with it merely a facade for public relations? I tend to think so - but it really doesn’t have to be. I’d like to hand the mic over to you now, my LinkedIn network. What companies have you encountered that exemplify true commitment to social responsibility? I’d love to hear your take.

Learn more about our recent B:CIVIC Certificate in ESG scholarship recipient Stephanie Ly, and chart your own course to a career in ESG strategy!

While most companies today have CSR programs, companies continue to be a major contributors to environmental and social problems. Greenwashing is not the only reason for this discrepancy…   Another reason is that many CSR programs fail to realize the intended ends. Nestlé, for example, has put in place programs to reduce child labor in their supply chain, yet failed to substantially reduce child labor on cocoa farms. Researchers call this means–ends decoupling: the implemented means fail to realize the intended ends. In new research with Andromachi Athanasopoulou, David Risi, and Eva Schlindwein, we compare four companies—based on 81 interviews and secondary data—that either succeeded or failed to restrain such means–ends decoupling.   We show that an experimental approach to CSR implementation is essential to restrain means–ends decoupling. An experimental approach produces CSR knowledge about what is happening in specific CSR contexts and use this knowledge to adapt CSR practices to local circumstances. We hope these insights (1) help companies make their CSR programs more impactful and (2) help external evaluators (such as sustainable investors) assess the impact of companies. The article is available open access in the Journal of Management Studies. We thank Jonathan Doh and three anonymous reviewers for a very productive review process and Frank Wijen for continous feedback. Rotterdam School of Management, Erasmus University / Business-Society Management (B-SM), Erasmus University / Erasmus Initiative: Dynamics of Inclusive Prosperity