Seven Important Trends From Textile Exchange Conference Summed Up: The Industry Gets It on Sustainability

“Sustainability is front and center in the apparel sector” — so writes Tara Donaldson in the November 5th feature story in the Sourcing Journal in covering the Textile Sustainability Conference in October. Seven major trends were discussed at the meeting of industry execs.

Considering such things as reducing microfibers polluting our oceans or using more materials with less environmental impact or other factors, the industry focus on sustainability is creating a new vision for the apparel industry, including for brands that had not yet been on board.  Because: the consumer and industry now demand this.

And there are seven trends that illustrate the paradigm shift in the industry, with details set out by the Journal for each:

Embrace of Sustainability Development Goals (SDGs) – more companies are taking a close look at how their businesses align with these, and the October conference in Washington, DC focused on exploring what SDGs mean to the apparel sector. The SDGs provide a common vocabulary for the industry.  And the manufacturing centers are taking a closer look — like China, India, Bangladesh and El Salvador.

Better raw materials in products – slowly but steadily, brands are building products with sustainable materials; the trend is up for the year, according to the 2017 Preferred Fiber & Materials Report.

Circularity/Circularity/Circularity – companies are gearing up for more circularity (circular value chains that is!), with about one-quarter of firms developing such a strategy and more than half with a strategy being implemented.  For example, making a silk-like fiber out of orange peels.

Actions on Climate – for many firms, climate change is a major issue and more than 200 companies have set carbon reduction targets. Luxury products marketer Kering Group plans to reduce carbon emissions by 50% by 2020, for example.

Leveraging Technology for Sustainability – DNA tech is one of the “big things” with the ability to provide greater transparency and traceability for fiber (the technique is using DNA-based tags embedded in raw materials such as organic cotton).

Water — Being Better Stewards – apparel companies are “water guzzlers,” with 14-plus liters to make one cotton suit (as example).  Companies are figuring out how to go “waterless” or really cut their water usage over time in the production of apparel.

Investors and Long-Term Viability – and yes, the industry leaders acknowledge that investors “are paying heed” to sustainability and long-term business viability. A Bloomberg LP analyst laid out the importance of sustainability to the conference attendees.

There’s more for you in the Top Story on the above seven major trends.  And we include in our wrap up this week another report — about investors now paying greater attention to sustainability efforts in the apparel industry.

Note:  for the Sourcing Journal – a subscription is required — a “Free” registration will allow you access to this story, with a limit of 5 articles per month.

Top Stories This Week…

The Top 7 Sustainability Trends Coming Out of Textile Exchange
(Monday – November 06, 2017) Source: Sourcing Journal – Whether it’s circularity, reducing microfibers polluting the world’s oceans or using more materials with less environmental impact, sustainability is front and center in the apparel sector, and brands that hadn’t been on board…

The 2017 Net Impact Conference – Finding Your Path to Purpose

Guest Post by Cher Xue, Sustainability Report Analyst, Governance & Accountability Institute

The 2017 Net Impact Conference was held in Atlanta, GA, from October 26-28, 2017. The conference gathered about 2,000 students and young professionals who are committed to making a positive and lasting social and environmental impact throughout their careers.

Net Impact, headquartered in Oakland, California, is a leading global nonprofit, a global community with over 100,000 strong leaders and 300 chapters. Members are well equipped with the vital skills, experience and connections to people that will allow them to have the greatest impact — and turn their passions into a lifetime of world-changing action.

This year’s conference theme was “Path to Purpose” — and this resonated well in every session of the conference. To meet attendees’ different needs and interests, the conference offered more than 60 breakout sessions for professionals, students and faculties; these sessions are in the form of boot camps, panels and workshops.

The conference content covered a variety of different topics, including civic engagement, corporate impact, environment, equity, food, global development, social entrepreneurship, and startups & Tech. The conference also featured career advancement opportunities by organizing the on-site Expo, group mentoring and one-on-one career coaching.

One panel entitled, Leading with the Triple Bottom Line: Creating Shared Value Through Business, brought together people driving CSR and sustainability forward in their companies.

The panelists were:

  • Michael Oxman, the Managing Director of the Ray C. Anderson Center for Sustainability Business at Scheller College of Business, Georgia Tech;
  • Suzanne Fallender, Director of Corporate Responsibility at Intel;
  • Jami Buck-Vance, Director of Corporate Responsibility & Community Partnerships at Cox Enterprises; and,
  • Bruce Karas, V.P. of Environment & Sustainability at Coca-Cola North America Group.

This panel discussed details of both the challenges and solutions for corporate in social and environmental impact. The panelists shared their experience in what it takes to integrate impact metrics and values across the company. Young professionals, students, and people who would like to contribute to sustainability in their own companies found great advice for them to carry their work in the future.

Another panel –  Navigating the Clean Energy Transition  — featured:

  • Marilyn Brown, Professor at Georgia Institute of Technology;
  • Lee Ballin, Head of Sustainable Business Programs at Bloomberg;
  • John Federovitch, Senior Director of Renewable Energy & Efficiency at Walmart; and
  • Jim Hanna, Director of Datacenter Sustainability at Microsoft.

The panelists talked about how we could change the energy landscape from dependency on fossil fuels to cleaner options in an economically feasible and environmentally conscious way.

As the private sector plays a leading role in energy consumption, John Federovitch and Jim Hanna (from Walmart and Microsoft) shared their views on navigating the clean energy transition, the challenges, and future trends in Clean Energy.

Opening party at the World of Coca-Cola

In addition to panels and workshops, this year, in honor of the Net Impact’s 25th anniversary, the conference added more local networking events and excursions throughout the weekend for attendees to explore Atlanta. These included an opening party at the World of Coca-Cola, a visit to the Civil & Human Rights Museum, the panda enclosure at Atlanta Zoo, and a tour of the city’s “living walls project”.

The Atlanta city tour of street art and social justice allowed attendees to be immersed in its vibrant culture, socially conscious communities and southern charm.

Reception at the Georgia Aquarium

Atlanta is a thriving city with a history of social movements, and is the birthplace for one of the greatest Civil Rights icons, The Rev. Dr. Martin Luther King Jr.

The history of this southern city and national events influenced artists who create art in public space throughout the city with over 100 outdoor murals. The 4-hour long bus tour experience not only added welcome fun to the conference, but also allowed attendees to explore sections of town that use art as an identifier of their community, and examine how art was used to present powerful and thought-provoking messages.

Atlanta Alive: Street Art & Social Justice Tour

I found the three-day Net Impact conference in Atlanta to be a really wonderful gathering of the brightest, most enthusiastic and innovative change agents from all over the world. My participation allowed me to gain rich experience in all aspects, as well as tangible skills and actionable insights.  I am sure that participants came away feeling that the conference helped them to map out their Path to Purpose — to turn their passion into a purposeful career!

Qier “Cher” Xue is a recent graduate of Duke University, Nicholas School of the Environment.  She majored in Environmental Management with concentration in Energy.  She also earned a Certificate in Sustainable System Analysis, and worked as student consultant at Lenovo.  Her interests are in renewable energy, supply chain management and sustainability.  She’s a grad of the University of Minnesota, Twin Cities with Distinction Cum Laude Honors in Environmental Sciences, Policy and Management (B.S.).  G&A Institute is proud to have her working as Sustainable Reporting Analyst.

 

All Together Now — Industries, Sectors & Professional Groups See Collective Efforts As The Way Forward for Managing Sustainability Issues

There is encouraging news as corporate executives, managers and a range of professionals get together to address the risks and opportunities inherent in sustainability matters that could affect a particular industry, sector or profession.   And, how with collective industry effort these challenges might be addressed.

Example:  Landscape architects gathered in Los Angeles to discuss designing (the heart of their work) in the era of challenges posted by climate change and global warming.  Consider that perhaps 70% of the Year 2050 global population will be living in urban areas.  And so, urban landscapes will need to (1) accommodate and support the greatly expanded population and (2) addressing the changing climate conditions that will complicate their work.

There is a video (2:29 minutes) posted with the report.  The graphic depictions of possible solutions with to climate change with experts’ narratives about the challenges are interesting to view.  Thought provoking.

Other examples are in three stories below. The vinyl and apparel industries efforts are highlighted, and we also provide a link to the text of a speech by the former Prime Minister of the Netherlands on the global need for new business models and consumption cycle.

All together now…forward!

Top Stories This Week…

Architects shape future cities for sustainability at LA gathering
(Monday – October 23, 2017)
Source: aljazeera.com – In Los Angeles, landscape architects have gathered to focus on sustainability and designing for an era of global warming and climate change at the 2017 American landscape architects conference.   with 3 minute video  materials (concrete) landscapes…

Changes Ahead for Corporate Sustainability Reporting

This is a guest post by our colleague-in-sustainability, Jane DeLorenzo.  She recently completed the on-line Certificate in Corporate Responsibility & Sustainability Strategies.  The platform is hosted by G&A Institute and developed in partnership with IntegTree LLC. This is a dual credentials course!  A certificate is issued by Swain Center for Executive & Professional Education at the University of North Carolina-Wilmington and a separate certification is issued by G&A Institute.  This commentary is prepared as part of the completion of the coursework.  We are sharing it today to broaden understanding of the state-of-sustainability reporting – present and future.  Find out more about the dual certificate program here.

By Jane DeLorenzo  October 27, 2017

Now is the time for businesses and other organizations to take a closer look at their sustainability reporting; key considerations are what they report, why, how and which standards to use.

New standards released by the Global Reporting Initiative (GRI) will take effect July 1, 2018 — so the clock is ticking.

As more global companies produce sustainability reports, the process has become more complex. Competing standards and frameworks, increasing pressures from investors and other stakeholders, and the costs and resources involved to develop such reports can be challenging – and baffling to leaders.

While GRI is positioning and advocating to be the de facto global reporting standard, companies can select other frameworks, such as those of the Sustainability Accounting Standards Board (SASB) or the International Integrated Reporting Council (IIRC).

There are important factors to consider. Organizations can opt for an integrated report that includes both financial and sustainability information, or they can issue a sustainability report that is separate from the annual financial report.

Producing no sustainability report is also an option, since all three of these standards are voluntary in the United States and most other countries. Companies should be aware, though, that stakeholders may cry foul if no report is produced.

What’s a company to do?

The Continued Evolution of Reporting

Sustainability reports tell the story of an organization’s impacts on economic, environmental and social issues. Many corporations began to examine their non-financial impacts following the environmental and social movements of the 1970s in Europe and the United States.[i]

Public outcry due to rising awareness of pollution and social inequities pushed companies to try to be more transparent. Shareowners were making the case that non-financial issues can and do impact a firm’s financial performance.

In the U.S., for example, emissions data reporting was spurred by Right-to-Know legislation and rules in 1986 that required accountability from companies that were releasing toxic chemicals into the environment.[ii]

Demand for environmental and social disclosures led to the formation of GRI in 1997 by the Coalition for Environmentally Responsible Economies (now known as CERES) and the nonprofit Tellus Institute, both based in Boston. GRI later partnered with the United Nations Environment Programme (UNEP), which had been promoting voluntary environmental reporting by companies and industry groups.

At a ceremony in 2002 announcing the move of the GRI headquarters from Boston to Amsterdam in the Netherlands, UNEP Executive Director Dr. Klaus Töpfer acknowledged GRI’s mission to develop a framework for voluntary sustainability reporting.

He commented: “An increasing number of stakeholders, including the investment community, share the goal of the GRI to raise the practice of corporate sustainability reporting to the level of rigour, credibility, comparability and verifiability of financial reporting.”[iii]

GRI launched its first sustainability reporting framework in the year 2000 and subsequently developed four versions of its guidelines (G1 through G4). Keeping current was a long-term challenge for companies reporting their corporate social responsibility (CSR) efforts. Over time it became clear that a simplified, easier-to-update standard was needed. The new GRI Standards are meant to streamline and simplify the process.

As GRI marks its 20th year, the organization is attempting to “tackle the confusion among companies about the proliferation of different reporting frameworks,” according to GRI Chief Executive Tim Mohin.[iv]

While some media reports claim GRI and SASB are competing frameworks, a 2017 article in GreenBiz, co-authored by Mohin and SASB Founder/CEO Jean Rogers, intended to dispel this perception.[v] The article states: “Rather than being in competition, GRI and SASB are designed to fulfill different purposes for different audiences. For companies, it’s about choosing the right tool for the job.”

Best Practices

Using the right tool, or standard, is the key to companies producing a successful report for their target audience.

While GRI is the widely-accepted framework for reporting sustainability initiatives to a broad audience, SASB focuses on reporting to the investor audience. This audience is interested in the link between sustainability and financial performance. Both GRI and SASB agree on a common goal: to improve corporate performance on sustainability issues.

Other organizations with similar goals include a list of initials and acronyms:  IIRC, CDP, ISO, OEDC, SDG and more. These are:

  1. IIRC (International Integrated Reporting Council) promotes integrated reporting to provide “investors with the information they need to make more effective capital allocation decisions,” according to its website.[vi]
  2. CDP (formerly known as Carbon Disclosure Project) partners with organizations to measure their carbon footprint. Many companies use CDP alongside other reporting frameworks.
  3. ISO, the International Organization for Standardization developed ISO 26000 to help organizations improve their social responsibility efforts.
  4. OECD is the Organization for Economic Cooperation and Development. Its industrial economy member countries negotiate guidelines surrounding social responsibility.
  5. SDG stands for the United Nations “Sustainable Development Goals.” UN member states adopted the 17 SDGs with 169 targets that seek to protect the planet, end poverty, fight inequality and address other social injustices.

While CSR reporting has been widely voluntary, mandatory reporting is taking effect in some countries. In the European Union, large companies (more than 500 employees and certain assets and revenues) now face mandatory disclosure of environmental and social impacts beginning with their 2018 annual reports.[vii]

The EU published its own guidelines in 2017, but it allows companies to choose among the various standards. Laws requiring CSR reporting are also in effect in South Africa, China and Malaysia. Meanwhile, a growing number of stock exchanges around the world are issuing sustainability reporting guidance and requirements.

Companies that are just beginning the process to report on their sustainability impacts should find the new GRI Standards relatively simple to use. The Standards are free to download from the GRI website (www.globalreporting.org) by registering a company name and email address. Organizations can use all or some of the Standards, but they must notify GRI of their intended use.

The new Standards are made up of three modules (or manuals): (1) the Foundation, which describes the basic reporting principles; (2) General Disclosures, which outline required contextual information about an organization and how it operates; and (3) Management Approach, which requires organizations to state how they approach their selected sustainability topics or issues.

While the content and requirements are basically unchanged from the currently-used GRI G4, the Management Approach now takes center stage. A reporting company must provide information on how it “identifies, analyzes and responds to its actual and potential impacts.”[viii]

Once a company determines its approach to a key topic, this management approach might stay the same from year to year. Also, one management approach may apply to several key topics, which should make reporting more concise. The Standards include three additional modules that are organized according to topic categories: economic, social and environment.

Focusing on material (or key) topics, rather than a long list of topics, should also make the reporting process more concise as well as more meaningful to stakeholders. In other words, less is more. The new Standards direct companies to identify their key topics and then report on at least one of the topic-specific GRI disclosures.

For example, Company XYZ determines from stakeholder feedback that the topic of waste will be included in its sustainability report. Both the new GRI standards and G4 guidelines include five disclosures on waste. The new Standards require reporting on one disclosure so Company XYZ can report more in depth on this key topic.

Previously, some companies felt compelled to report on a greater number of topics and disclosures in order to be ranked favorably by rating agencies like Bloomberg or Thomson Reuters. These ratings not only can affect a company’s stock price, but they also can influence a company’s CSR strategy.

According to a 2016 study on rating agencies, about 33 percent of companies said inquiries from sustainability analysts shaped their overall business strategy.[ix]

Implications and Conclusion

Regardless of which sustainability reporting guidelines an organization chooses, the number of companies producing voluntary or mandatory reports is growing.

The process itself can give companies a clearer picture of their impacts and progress meeting their CSR targets. These insights help companies develop strategies to identify risks and opportunities within their realm of sustainability.

Because the GRI framework has been widely accepted globally, its new Standards will likely have a strong impact on the future of reporting. But it’s also likely that the leadership of corporations will continue to take a closer look at the link between sustainability and financial performance. Consequently, other frameworks that focus on both financial and non-financial impacts could gain acceptance.

GRI, SASB, IIRC and other frameworks are all driving improvements in sustainability reporting. As GRI’s Mohin explained: “In order to be more impactful, reporting needs to be concise, consistent, comparable and current. Brevity and consistency are key to successfully managing and understanding the insights delivered by the reported data.”[x]

Reporting must consider the financial bottom line if a company is to be both profitable and sustainable. What matters is that organizations need to be mindful of their reasons for reporting and how sustainability reporting can make an impact internally and externally. Honest, balanced and transparent reporting will ultimately benefit companies, their stakeholders and society-at-large.

Author:  Jane DeLorenzo is Principal of Sustainable Options, specializing in sustainability report writing and editing, and compliance with GRI reporting.

 

 

 

 

 

 

 

# # #

The on-line Certificate in Corporate Responsibility & Sustainability Strategies provides a broad overview of key corporate responsibility challenges and strategies that will enable organizations to succeed in the 21st Century Green Economy.  The Program Developer is Nitish Singh, Ph.D., Associate Professor of International Business at the Boeing Institute of International Business at Saint Louis University with Instructor Brendan M. Keating.

Information is here:  http://learning.ga-institute.com/courses/course-v1:GovernanceandAccountabilityInstitute+CCRSS+2016/about

# # #

References:

[i] Brockett, A. and Rezaee, Z. (2015). Corporate Sustainability: Integrating Performance and Reporting. Retrieved from https://www.safaribooksonline.com/library/view/corporate-sustainability-integrating/9781118238066/chapter02.html

[ii] Environmental Protection Agency, United States. (n.d.) Timeline of Toxics Release Inventory Milestones. Retrieved from  https://www.epa.gov/toxics-release-inventory-tri-program/timeline-toxics-release-inventory-milestones

[iii] CSRwire (2002, April 22). Global Reporting Initiative Announces Move to Amsterdam. Retrieved from http://www.csrwire.com/press_releases/15359-Global-Reporting-Initiative-Announces-Move-to-Amsterdam

[iv] GRI (2017, October 4). Q&A with GRI Chief Executive Tim Mohin. Retrieved from https://www.globalreporting.org/information/news-and-press-center/Pages/QA-with-GRI-Chief-Executive-Tim-Mohin.aspx

[v] Mohin, T. and Rogers, J. (2017, March 16). How to approach corporate sustainability reporting in 2017. Retrieved from https://www.greenbiz.com/article/how-approach-corporate-sustainability-reporting-2017

[vi] International Integrated Reporting Council. (n.d.) Why? The need for change. Retrieved from https://integratedreporting.org/why-the-need-for-change/

[vii] European Commission, Belgium. (n.d.) Non-financial reporting. Retrieved from    https://ec.europa.eu/info/business-economy-euro/company-reporting-and-auditing/company-reporting/non-financial-reporting_en

[viii] GRI (n.d.) GRI 103: Management Approach. Retrieved from https://www.globalreporting.org/standards/gri-standards-download-center/gri-103-management-approach/

[ix] Sustainable Insight Capital Management (2016 February) Who are the ESG rating agencies? Retrieved from https://www.sicm.com/docs/who-rates.pdf

[x] GRI (2017, October 4). Q&A with GRI Chief Executive Tim Mohin. Retrieved from https://www.globalreporting.org/information/news-and-press-center/Pages/QA-with-GRI-Chief-Executive-Tim-Mohin.aspx

 

John Elkington Presents: “6 Ways For Business Leaders To Talk About Sustainability” in the Sustainability / Strategies Series From the Influential Harvard Business Review…

“The” voice of authority for many board members and C-suite executives is The Harvard Business Review.  Sustainability pioneer and influential thought leader John Elkington in the current “HBR” talks about the practice of “issues framing” at the highest levels of the corporation, and suggests (to leaders) that to change our usual way of perceiving, prioritizing and investing time/effort/money, that “re-framing” for social change is the wave of the future.

Note that social commentator and author George Lakoff (writing in “How to Think Like An Elephant”) suggested the theme of re-framing our reasoning and setting of priorities.  The HRB piece builds on that and takes us to the new frontier for corporate strategy-setting.

John Elkington writing in HBR sees six mainframes at work in the sustainable business space, each with strengths and limitations. These are:  (1) the Resources Frame; (2) the Time Frame; (3) the Value Frame; (4) the Design Frame; (5) the Abundance Frame; (6) the Moral Frame.

Each is described with current and historical examples, and the strengths and challenges posed as we consider the frame.  The “break” needed,  Elkington advises, is from set-in-your-ways thinking and planning and strategizing on critical issues — such as global warming — to new ways of Framing.  Greater understanding of the different mental and political “framing” currently in play is important in considering the shift.

And so, a first step is to consideration of resources and population growth and the pressure on available resources and the resilience of key eco-systems.  (The Resource Framing). Then from this to the Timing Frame.  Elkington’s suggestion is to shift from short-term to longer-term planning and strategizing and to focus on the Sustainable Development Goals with time their widely-adopted time horizon out to 2030.  And then on the other four Framings, which we recommend for your reading and thinking about.

HBR makes available reprints of this and other Elkington articles in the “Strategy & Execution” series. Check the titles in:https://hbr.org/search?term=john+elkington

As we noted up top, the HBR is really an influence in corporate boardrooms and C-Suite — think about the powerful impact of the “Shared Value” concept introduced by Professor Michael Porter in the HBR pages a few years ago.

John Elkington is Chair and “Chief Pollinator” at Volans.  He gave us such terms (now widely-used) as “Triple Bottom Line” and “People / Planet / Profits” in his earlier work. His current book is “The Breakthrough Challenge:  10 Ways to Connect Today’s Profits With Tomorrow’s Bottom Line.”

Top Stories This Week…

The 6 Ways Business Leaders Talk About Sustainability
(Wednesday – October 18, 2017)
Source: Harvard Business Review – Capitalists focus on the financial returns from capital invested, and most business leaders prioritize issues that are financially material. For anyone with a pension linked to market performance, that is a good thing. But this…

LESS THAN 10 DAYS LEFT! REGISTER & RESERVE YOUR SEAT AT DEMYSTIFYING THE CSA & DJSI

LESS THAN 2 WEEKS LEFT!
REGISTER & RESERVE YOUR SEAT AT DEMYSTIFYING THE CSA & DJSI
Focus on Assessment Questions for Human Rights, Human Capital & Supply Chain

A Practitioner Workshop on Tuesday, October 24, 2017
Presented By Governance & Accountability Institute
in collaboration with RobecoSAM

The aim of this workshop is to increase the participants’ knowledge about the methodology behind the Dow Jones Sustainability Indices (DJSI) and the RobecoSAM Corporate Sustainability Assessment (CSA). In this session but, special focus will be on selected criteria including Human Rights, Supply Chain, and Human Capital.

A workshop session will also be included on how institutional investors are utilizing data from the CSA and ESG data in their investment decision-making.

RobecoSAM and Governance & Accountability Institute expert representatives will contribute to the meeting overall and in particular present content (including analysis and slide decks) that address each of the criterion.

Representatives from CSA-responding corporations that are high scorers in the respective CSA criterion will respond and share their perspective and experience in crafting responses to the CSA. Participants can expect to take away a deeper understanding of:

  • The DJSI 2017 – results & learnings.
  • Effective approaches in assessing established and emerging sustainability topics in the CSA.
  • Rationale, the business case, performance, and results from last year’s assessment, and learn more about major challenges for companies, especially in the CSA Criteria of Human Rights, Human Capital, and Supply Chain.
  • How institutional investors / fiduciaries are utilizing ESG data.

AGENDA

WELCOME OF THE DAY 
* Hank Boerner, Co-Founder & Chairman, Governance & Accountability Institute
* Louis Coppola, Co-Founder & Executive Vice President, Governance & Accountability Institute
* Robert Dornau, Director, Senior Manager Sustainability Services, RobecoSAM

WORKSHOP 1: HUMAN RIGHTS
with Top Scoring Corporate Representative:
Ariel Meyerstein, Senior Vice President, Corporate Sustainability, Citi

* Robert Dornau, Director, Senior Manager Sustainability Services, RobecoSAM
* Moderator: Louis Coppola, Co-Founder & Executive Vice President, Governance & Accountability Institute

WORKSHOP 2: HUMAN CAPITAL
with Top Scoring Corporate Representative:
Tina M. Berg, Sustainability Specialist, 3M Corporate Social Responsibility 

* Robert Dornau, Director, Senior Manager Sustainability Services, RobecoSAM
* Moderator:
 Hank Boerner, Co-Founder & Chairman, Governance & Accountability Institute

Networking Lunch

WORKSHOP 3: SUPPLY CHAIN
with Top Scoring Corporate Representative:
Jocelyn Cascio, Supply Chain Sustainability Senior Manager at Intel Corporation 

* Robert Dornau, Director, Senior Manager Sustainability Services, RobecoSAM
* Moderator: Louis Coppola, Co-Founder & Executive Vice President, Governance & Accountability Institute & Board Member of Global Sourcing Council (GSC)

WORKSHOP 4: ESG DATA FROM AN INVESTOR PERSPECTIVE
with Hideki Suzuki, Senior Governance Data Analyst, Bloomberg LP

DJSI 2018 OUTLOOK & CLOSING REMARKS 
* Robert Dornau, Director, Senior Manager Sustainability Services, RobecoSAM
* Hank Boerner, Co-Founder & Chairman, Governance & Accountability Institute
* Louis Coppola, Co-Founder & Executive Vice President, Governance & Accountability Institute

DETAILS
Tuesday, October 24, 2017
8:45 am – 4:00 pm
Baruch College/ CUNY
, Newman Vertical Campus
55 Lexington Avenue, New York, NY 10010

For information and to register click here.
Registrations will be open until October 22nd, 2017.

For questions, contact Louis D. Coppola, Executive Vice President & Co-Founder, Governance & Accountability Institute, Inc. at Tel 646.430.8230 ext 14 or email lcoppola@ga-institute.com.

Meet Hideki Suzuki, Bloomberg LP @ Demystifying The CSA & DJSI Workshop

Hideki Suzuki, Senior Governance Data Analyst, Bloomberg LP is speaking at Demystifying the Corporate Sustainability Assessment (CSA) & The Dow Jones Sustainability Indices (DJSI). This practitioner workshop is presented by Governance & Accountability Institute in collaboration RobecoSAM on October 24, 2017 and is being hosted at Baruch College/CUNY in New York City.  Hideki will be focusing on ESG Data from an Investor Perspective.

MEET ONE OF THE SPEAKERS: HIDEKI SUZUKI
Senior Governance Data Analyst, Bloomberg LP
TOPIC:
ESG Data from an Investor Perspective

A conversation with Hideki:

Q:  What can attendees expect to learn from your session on ESG Data from an Investor Perspective?

In the session, I will walk through how RobecoSAM scores are viewed and utilized by investment professionals through our analytics.

Q:  What type of information from the RobecoSAM CSA is available to subscribers of the Bloomberg terminal?

The percentile rankings of each of the various criterion under the Environmental, Social, Economic and Total ESG categories for nearly 2000 companies are available. 

Q:  What can companies learn about their competitors if they have access to a Bloomberg terminal?

Benchmarking is made easy for corporate sustainability officers. Bloomberg terminal will let them see what others in the industry consider important, how their competitors are performing on the KPIs.

* * * * * * * *

CAREER BACKGROUND:
Hideki Suzuki, Senior Governance Data Analyst, Bloomberg LP
Hideki Suzuki is a senior corporate governance analyst at Bloomberg.

After joining Bloomberg LP in 1999, he spent the first 5 years in electronic trading desk support and third party fixed income and its derivatives pricing contents team.

In 2005, Hideki moved to equity fundamentals data department then moved to ESG team in 12/2008. From 2014 on, his focus has been to build database and analytics for corporate governance and executive compensation products on Bloomberg terminal.

He has a BA in Economics and History from Fordham University.

For more information about the course and how to register, visit: http://bit.ly/CSAtrain

* * * * * * * *

The aim of this workshop is to increase the participants’ knowledge about the methodology behind the Dow Jones Sustainability Indices (DJSI) and the RobecoSAM Corporate Sustainability Assessment (CSA) — in this session, specifically on selected criteria including Human Rights, Supply Chain, and Human Capital. A workshop session will also be included on how institutional investors are utilizing data from the CSA and ESG data in their investment decision-making.

Click here for more info and to register.

RobecoSAM and Governance & Accountability Institute expert representatives will contribute to the meeting overall and in particular present content (including analysis and slide decks) that address each of the criterion. Representatives from CSA-responding corporations that are high scorers in the respective CSA criterion will respond and share their perspective and experience in crafting responses to the CSA.

Participants can expect to take away a deeper understanding of:

  • The DJSI 2017 – results and learnings.
  • Effective approaches to assessing established and emerging sustainability topics in the CSA.
  • Rationale, the business case, performance, and results from last year’s assessment, and learn more about major challenges for companies, especially in the CSA Criteria of Human Rights, Human Capital, and Supply Chain.
  • How institutional investors/fiduciaries are utilizing ESG data.

For more information about the course and how to register, visit: http://bit.ly/CSAtrain

Meet Tina Berg, 3M @ Demystifying The CSA & DJSI Workshop

Tina Berg is Sustainability Specialist at 3M is speaking at Demystifying the Corporate Sustainability Assessment (CSA) & The Dow Jones Sustainability Indices (DJSI). This practitioner workshop is presented by Governance & Accountability Institute in collaboration RobecoSAM on October 24, 2017 and is being hosted at Baruch College/CUNY in New York City.  Tina will be focusing on assessment questions for Human Capital.

MEET ONE OF THE SPEAKERS: TINA BERG
Sustainability Specialist, 3M

TOPIC: Workshop 2: Human Capital

A conversation with Tina:

Q:  What is your involvement and experience at 3M in completing the RobecoSAM CSA for the DJSI each year? 

As 3M’s Sustainability Reporting Manager, I have the opportunity to lead a dedicated team of individuals from across the company to advance Sustainability in their organizations, while creating the story that best reflects our commitment to improving Every Life. This then also drives new growth by enhancing supplier, operational, customer engagement, and effective product and brand positioning through 3M’s Sustainability Report and DJSI submittal.

Q:  What can attendees expect to learn from your session on Human Capital?

At 3M, we recognize that growth of our company is directly related to growth of our people, and the people with whom we work and live every day.   During the session, learn about our most valuable resource, our people, how we invest in their success, and how that is reflect in our Sustainability Report and DJSI response.

Q:  What advice do you have or opportunity that you see for attendees who are considering attending the program and looking to improve their RobecoSAM CSA responses, and get on the DJSI? 

The approach to the CSA response is a process just like any other.  At a high-level, three areas come to mind to drive that process forward: top-down culture, integrated purpose driven Sustainability strategy, and engagement of key stakeholders throughout the organization.

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CAREER BACKGROUND:
Tina Berg is Sustainability Specialist at 3M
Tina Berg is Sustainability Specialist at 3M.  In this role, she is leading a dedicated team of individuals who work across 3M to drive new growth by enhancing supplier, operational, customer engagement, and effective product and brand positioning through 3M’s Sustainability reporting.  Tina is also leading strategic planning for 3M’s 2025 Sustainability Goal to engage 100 percent of water-stressed/scarce communities where 3M manufactures on community-wide approaches to water management.

During her 18 years at 3M, opportunities have provided her with diversified experience in a multi-disciplinary technical environment.   She spent her 3M career in laboratories, corporate environmental compliance, and hands-on facility operations before assuming this Sustainability leadership role in 2014.  She is an alumni of St. Olaf College graduating with a B.S. in Biology and Environmental Studies.  Growing up in Northern Minnesota, near the Boundary Waters Canoe Area, sparked her life-long passion for water and the outdoors.

For more information about the course and how to register, visit: http://bit.ly/CSAtrain

The aim of this workshop is to increase the participants’ knowledge about the methodology behind the Dow Jones Sustainability Indices (DJSI) and the RobecoSAM Corporate Sustainability Assessment (CSA) — in this session, specifically on selected criteria including Human Rights, Supply Chain, and Human Capital. A workshop session will also be included on how institutional investors are utilizing data from the CSA and ESG data in their investment decision-making.

Click here for more info and to register.

RobecoSAM and Governance & Accountability Institute expert representatives will contribute to the meeting overall and in particular present content (including analysis and slide decks) that address each of the criterion. Representatives from CSA-responding corporations that are high scorers in the respective CSA criterion will respond and share their perspective and experience in crafting responses to the CSA.

Participants can expect to take away a deeper understanding of:

  • The DJSI 2017 – results, and learnings.
  • Effective approaches to assessing established and emerging sustainability topics in the CSA.
  • Rationale, the business case, performance, and results from last year’s assessment, and learn more about major challenges for companies, especially in the CSA Criteria of Human Rights, Human Capital, and Supply Chain.
  • How institutional investors/fiduciaries are utilizing ESG data.

For more information about the course and how to register, visit: http://bit.ly/CSAtrain

Meet Ariel Meyerstein, Citi @ Demystifying The CSA & DJSI Workshop

Ariel Meyerstein, Senior Vice President, Corporate Sustainability Program, Citi is speaking at Demystifying the Corporate Sustainability Assessment (CSA) & The Dow Jones Sustainability Indices (DJSI). This practitioner workshop is presented by Governance & Accountability Institute in collaboration RobecoSAM on October 24, 2017 and is being hosted at Baruch College/CUNY in New York City.  Ariel will be focusing on assessment questions for Human Rights.

MEET ONE OF THE SPEAKERS: ARIEL MEYERSTEIN
Senior Vice President, Corporate Sustainability, Citi
TOPIC: Workshop 1: Human Rights

A conversation with Ariel:

Q:  What is your involvement and experience at Citi in completing the RobecoSAM CSA for the DJSI each year? 

As the newest edition to Citi’s Sustainability Team, joining in March 2017, I’ve been involved in Citi’s most recent RobecoSAM CSA filing for 2017, but my colleagues on the Sustainability team have long had lead ownership over preparing our overall response and gathering information from dozens of functions across our global company, garnering us a spot on the DJSI World and DJSI North American indices for 17 straight years. Our team also co-leads development of our annual Global Citizenship Report, which summarizes the ways in which Citi enables progress in the cities and communities where we live and work. I manage our reputational risks for human rights and other sustainability issues, so I focus on our CSA responses to the human rights-related questions, parallel sections of the Citizenship Report and various other external stakeholders.

Q:  What can attendees expect to learn from your session on Human Rights?

We’ll discuss how Citi supports human rights across our entire value chain – for our employees, suppliers, clients and communities in all the countries where we do business. This is a complex and rapidly evolving space that requires us to refine our approach to human rights based on a number of factors. Citi is determined to finding and eliminating human rights violations across our company, supply chain and anyplace else we can influence the human rights agenda.

We also recognize that partnering with our industry and more broadly is critical to improving businesses’ collective approach to preserving human rights. Citi is a founding member of the Equator Principles, a member of Shift’s Business Learning Program, and the first U.S. bank to report to the UN Guiding Principles Reporting Framework.

Q:  What advice do you have or opportunity that you see for attendees who are considering attending the program and looking to improve their RobecoSAM CSA responses, and get on the DJSI? 

Corporate responsibility efforts, particularly on social issues like human rights and labor, are never complete, particularly as regulatory initiatives continue to proliferate and expectations around action and transparency continue to rise.  As companies work on these issues, we all struggle with how much of our internal story to disclose, particularly for efforts that are always ‘in progress’ or where results are uneven because the issues are challenging. So the trick is to keep tabs on developments, expectations and best practices and find ways to get comfortable with being increasingly transparent about your progress and your challenges so that stakeholders can have greater appreciation for all the hard work you do.

* * * * * * * *

CAREER BACKGROUND:
Dr. Ariel Meyerstein, Senior Vice President, Corporate Sustainability, Citi
Dr. Meyerstein works in Citi’s Sustainability team, helping to lead the development of policy frameworks and risk management approaches to human rights and sustainability issues. Prior to joining Citi, Meyerstein led multilateral organization policy engagement on human rights, labor affairs, sustainable development and corporate governance for the United States Council for International Business, an association of Fortune 500 U.S. businesses. While at USCIB, Meyerstein launched the Business for 2030 portal, one of the earliest platforms to promote and track business engagement in the U.N. Sustainable Development Goals (SDGs). Prior to USCIB, Meyerstein spent several years developing expertise in international dispute resolution while working for global law firms and in international courts and tribunals. Meyerstein has served on a number of advisory committees to various U.S. executive branch agencies and international organizations on the intersection of trade, investment and human rights and sustainable development. He was elected a Term Member of the Council on Foreign Relations in 2016 and is a member of the Global Advisory Council of the Ethics Alliance. He has published several articles and book chapters on various aspects of human rights law and teaches business and human rights as an adjunct professor at Fordham University School of Law. He received his law degree and PhD in Jurisprudence & Social Policy from the University of California, Berkeley. He has a B.A. from Columbia University in English & Comparative Literature with a concentration in Human Rights. He lives in Brooklyn, NY, with his wife and two children.

For more information about the course and how to register, visit: http://bit.ly/CSAtrain

The aim of this workshop is to increase the participants’ knowledge about the methodology behind the Dow Jones Sustainability Indices (DJSI) and the RobecoSAM Corporate Sustainability Assessment (CSA) — in this session, specifically on selected criteria including Human Rights, Supply Chain, and Human Capital. A workshop session will also be included on how institutional investors are utilizing data from the CSA and ESG data in their investment decision-making.

Click here for more info and to register.

RobecoSAM and Governance & Accountability Institute expert representatives will contribute to the meeting overall and in particular present content (including analysis and slide decks) that address each of the criterion. Representatives from CSA-responding corporations that are high scorers in the respective CSA criterion will respond and share their perspective and experience in crafting responses to the CSA.

Participants can expect to take away a deeper understanding of:

  • The DJSI 2017 – results and learnings.
  • Effective approaches to assessing established and emerging sustainability topics in the CSA.
  • Rationale, the business case, performance, and results from last year’s assessment, and learn more about major challenges for companies, especially in the CSA Criteria of Human Rights, Human Capital, and Supply Chain.
  • How institutional investors/fiduciaries are utilizing ESG data.

For more information about the course and how to register, visit: http://bit.ly/CSAtrain

Sustainability Pays, Says Wal-Mart & Some Of Its Suppliers in PBS NewsHour Interviews

As part of the PBS series, “Peril and Promise: The Challenge of Climate Change,” the network’s NewsHour reported on how a few large U.S. companies are doing their part to meet climate change challenges…and prospering…even as the Trump White House continues to move toward withdrawal from the historic Paris Agreement (COP 21).

The efforts of the giant retailer Wal-Mart Stores are highlighted in the broadcast.  Wal-Mart stresses that it is striving to be recognized as a corporate leader in the “fight against climate change.”  Kathleen McLaughlin, the company’s chief sustainability officer, is interviewed in the program by PBS correspondent Stephanie Sy.

Says the Wal-Mart CSO:  “…sustainability is core to our mission.  It’s critical for business.  It’s important for customers and communities…”
The company’s sustainability journey was launched in 2005 by then-CEO Lee Scott.  He pledged to curb the company’s GhG emissions by the use of clean power sources, aiming for 100% renewables over time. As part of the effort, Wal-Mart saves energy — and money! — in store operations by demanding more efficient equipment from vendors (for HVAC, lighting, refrigeration).  There are solar installations on 364 Wal-Mart and Sam’s Club stores now — this makes the company the second largest commercial solar power generator.

Wal-Mart plans to reduce its carbon emissions by 2025 by 18% from its 2015 levels, even as it ambitiously expands its retail footprint.  With 99% of the company’s GHG impact coming from its supply chain, Wal-Mart points out that at its encouragement, dozens of its major suppliers have signed on to Project Gigaton (the effort to cut emissions).

One of the company’s key suppliers — candy maker Mars, makers of M&Ms — itself set an aggressive target of “zero carbon” in its operations by 2040, working to achieve zero GHG emissions by that date.  The company’s “vast solar farm” in rural New Jersey is featured in the PBS broadcast.  Barry Parkin, chief sustainability officer of Mars, Inc. is interviewed about the company’s efforts.

Key to the sustainability efforts:  Wal-Mart’s model, the way stores are managed, the work done with the massive supply chain partners…all of this “optimizes and lowers the footprint to deliver the same amount of product to people,” explains company CSO Kathleen McLaughlin.  And, she adds, “if you look at the scale and ambition of the efforts and what we’ve actually achieved, I’m actually quite excited about it.”

The company has partnered with the Environmental Defense Fund (“EDF”) for guidance in achieving its climate change goals.  Responding to the question about is “Wal-Mart doing enough?,” Fred Krupp, President of the Environmental Defense Fund in the interview said:  “The scale of Wal-Mart is hard to wrap your head around.  They can always do more.  What they have shown so far is a serious commitment, and the journey is an ongoing one of improvement.”

Making this story come alive for you:  There is a videotape of the program and the various interviews posted in the print version of the program script in our Top Story that you can view.  You’ll also want to read the various viewer/reader responses to see the perspectives shared by viewers…many opinions were shared, both positive and negative.

“Peril and Promise” is an ongoing PBS series on the human impact of, and solutions for, Climate Change.”  FYI, PBS is the largest non-commercial television network in the U.S.A., with more than 350 local stations broadcasting PBS and their own programming; combined, these reach more than 100 million households. Major stations are located in New York City, Chicago, Boston, Washington DC, San Francisco, Atlanta, Miami, Denver, Detroit, and many more cities in the 50 states.

Top Stories This Week…

Large companies see payoffs in sustainability
(Monday – September 18, 2017)
Source: PBS NewsHour – This summer, when President Trump withdrew the U.S. from the 2015 Paris climate accord — a voluntary pact to cut emissions of gases that cause global warming — some opposition came from what is perhaps a surprising place: big…