While environmental, social and governance (ESG) discussions are now front-of-mind for policy makers, governments and executives in major corporates, there are still big questions when it comes to how sustainability is defined in regulation, strategy and fund raising.
Clarifying this is going to be key to ensure that we responsibly borrow this world from our children. Climate change is a key discussion point, the UN Sustainable Development Goals feature in most integrated reports, and sustainability executives have become common in many large corporates and multinationals.
Manufacturing and disposal often have the biggest environmental and social impact. For example, while battery electric vehicles do not emit carbon in-use, disposed batteries can cause soil and water pollution that has a knock-on effect to surrounding communities. For example, two retailers with vastly different approaches to shopping bags can both tout sustainability credentials. The first may introduce reusable shopping bags that, while reducing single-use plastic, are non-recyclable. The other may use plastic bags, which use less resources in manufacturing and are recyclable.
The approach recognises that waste is simply a failure of design and encourages materials to be continuously up-cycled and reused.
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HEIDI BARENDS | World needs to view sustainability more holisticallyWhile environmental, social and governance (ESG) discussions are now front-of-mind for policy makers, governments and executives in major corporates, there are still big questions when it comes to how sustainability is defined in regulation, strategy and fund raising.
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