International WELL Building Institute (IWBI)’s Post

I am excited to share Boston Consulting Group (BCG)'s latest Annual Sustainability Report, which showcases how we unlocked the potential of those who advance the world in 2023. The report highlights our journey from bold ideas to exponential impact and spotlights our four key impact areas: driving social impact, unlocking positive planetary impact, fostering an unmatched employee experience, and leading with integrity.   Some key achievements I am proud of include: - We delivered over 2,200 cases for people and the planet, up 150% since 2020. - BCG’s contributions have led to 72% of our largest clients being involved in at least one social or planetary impact case in the previous year. - Our team has grown globally to 32,000, up from 30,000 just the previous year.   Read the full report here: https://lnkd.in/dr-z8YQg    #BCGCEOAdvsiory #Sustainability #Impact #Innovation #CorporateResponsibility #Integrity #Diversity #Equity #Inclusion

NBI Member Impact: Dive into a world of impact and innovation with Boston Consulting Group (BCG) latest Annual Sustainability Report: From Bold Ideas to Exponential Impact. In 2023, BCG soared to new heights in the pursuit of #sustainable solutions, tackling global challenges head-on while fostering a culture of fairness and #belonging. From groundbreaking projects with clients to internal initiatives driving progress toward #netzero #climate impact by 2030, BCG's commitment to social and planetary impact shines through. CEO Christoph Schweizer reflects, "We are proud that in 2023 we delivered greater social and planetary impact than ever before—both internally and in our work with our clients and partners." But it's not just about numbers; it's about people. BCG's dedication to #inclusion is evident in its comprehensive approach, leveraging tools like the BLISS survey to understand and improve the employee experience. Ready to dive into the details? Check out the full report and join the movement toward a more sustainable future: https://bit.ly/3R7dfzx #NBIMemberCompanyImpact

🌍 The Threat of the Anti-ESG Movement Will Wane 🌱✨ The anti-ESG narrative has dominated corporate sustainability discussions over the past 12 to 18 months, leading to a phenomenon known as “greenhushing,” where companies have become quieter about their sustainability efforts. 🤐🌿 This trend has primarily been seen in the U.S. but has influenced multinationals globally.However, despite this challenging environment, both anecdotal evidence and data indicate that companies are continuing their sustainability initiatives. 🌟 A commitment to decarbonization or gender parity, for example, is a long-term investment that’s hard to reverse once it’s underway. 🔄💪Shifting Political Dynamics ⚖️ As time goes on, it will become clear that politicians are gaining less traction by attacking “woke” companies. 📉 Businesses are discovering that investing in sustainability and committing to social values not only pays off but is also the right thing to do! 🌱💚 Stakeholders increasingly reward companies that prioritize these initiatives. Why This Matters 🌟 -Long-Term Commitment: Companies that invest in sustainability are making a commitment to their future and the planet’s well-being. 🌍💼 -Stakeholder Expectations: Consumers and investors are more informed and demand transparency and accountability from businesses regarding their sustainability efforts. 📊🤝 -Resilience Against Backlash: As the anti-ESG movement loses momentum, companies can confidently pursue their sustainability goals without fear of backlash. 🚀✨ The Path Forward 🚀 As we move forward, let’s embrace a culture of transparency and commitment to sustainability! 🌿 By focusing on meaningful actions rather than performative reporting, businesses can lead the way in creating a greener future.What steps is your organization taking to enhance its sustainability efforts? Share your thoughts below! 💬👇 #Sustainability #ESG #CorporateResponsibility #GreenBusiness #FutureOfWork 🌍💚

WANT TO KNOW ONE OF MY CONSULTING HACKS? Whenever I'm doing client work and want to learn a little more about an organization, and how it thinks and operates, these days I go to straight to their sustainability reports. It’s true! These reports are a rich and telling source of information. 📊📖 Now let’s face it, for some organizations, sustainability reports can be a tick-the-box exercise (which says something in and of itself), or they can be a window into the culture and values system of an organization. All this preface to say that we've just published our 2023 Sustainability Report and it's a treasure chest of real stories of what makes Boston Consulting Group (BCG) a special place that I'm honored and proud to be part of.   At BCG, we are more committed than ever to developing bold, innovative solutions to tackle business and global challenges, while creating reverberating impact through our work with clients and our alumni. That’s why I believe this year’s title is so fitting - From Bold Ideas to Exponential Impact. There are a few impressive highlights I’m encouraged to share from our new report:   🙌 Our team grew to 32,000 operating in over 50 countries, and 39% of our Executive Committee members are now women 🙌 We delivered 1,500 climate and sustainability projects in 2023 alone, a year-on-year increase of over 50% 🙌 We’ve invested $1.5 billion into societal impact since 2020 through both pro bono and financial support At BCG, we are dedicated to unlocking the potential of those who advance the world, while ensuring we shape a more inclusive, equitable and sustainable future. To learn more, I invite you to download our full report here: https://lnkd.in/ePPhMF8Y #BCG #SocialImpact #DEI #BCGNetZero

Stakeholder Capitalism Still Makes Business Sense writes Paul Polman and Andrew Winston in the Harvard Business review. Why It Matters: Summary.   Five years ago, 181 CEOs issued a new statement on the purpose of a corporation, pledging to serve five stakeholders: customers, employees, suppliers, communities, and shareholders. but even then, it lagged behind what’s needed. Their commitment mattered and drove progress. But more recently, especially in the U.S., enthusiasm for many stakeholders’ sustainability priorities — such as climate change or DEI (diversity, equity, and inclusion) — has seemingly stalled. The authors reflect on what has happened since the statement, and where we’re going. Ultimately, they argue, that given the stress on our largest natural and societal systems, we need accelerated action — deeper work to build better, more regenerative businesses — and bold, decisive leadership to ensure a sustainable and equitable future for all Amen...Read more: https://lnkd.in/dP-wy8uJ

These days, whenever you open the internet, you'll notice that sustainability and ESG (Environmental, Social, and Governance) are trending everywhere. Now, the question is, how does adopting ESG help in achieving sustainability targets? Well, the answer is convoluted. So, what's the solution then? To achieve global sustainability, we all need to make base-level changes, compounded at a global level. And one of the focus areas is in the corporate sector. And there comes the correlation with Corporate Social Responsibility (CSR). In my previous post, I opined on how the Industrial Revolution brought about a positive economic climate with a neglected impact on the environment. To bring about a positive change, it is crucial for the corporate world to understand and embrace social responsibility. Corporate social responsibility, also known as CSR, is the concept that companies should conduct their operations benefiting society and the environment. With CSR, businesses not only consider profitability and financial benefits but also take into account how their decisions will impact local communities within the global diaspora. CSR encompasses various factors, such as  ✔️Environmental sustainability,  ✔️Ethical business practices,  ✔️Community engagement and development,  ✔️Employee welfare and development,  ✔️Human rights, consumer protection, and sustainable economic practices.   These aspects showcase the many facets of CSR and how companies can contribute to improving the environment and society. From that sense,  CSR becomes a subset of ESG ..let’s quickly delve into both subjects to understand the purpose of this post. 🔯 Corporate social responsibility is an overarching philosophy that drives businesses to implement practices and policies that promote societal, ethical, and sustainable goals. 🔯 On the other hand, environmental (E), social (S), and governance (G)  commonly called ESG refers to a business framework, bringing together aspects of E-S and G together via scientific methods,  used to measure the impact of these practices and policies. Thus “Who cares wins”! Today the ESG movement has grown from a UN-driven CSR “initiative” in the early 2000s to a global phenomenon representing over US$ 30 Trillion in assets under management. To wrap up, I have a question for you: What do you think is the best way to boost sustainability? #sustainability #esg #csr #technology #startups #karthikramankr

Today, many #business leaders know the world has changed. They are wrestling with the new mandate to incorporate sustainability and social good into their businesses and brands. However, the biggest barrier to adoption of #sustainable practices is lack of knowledge of how it can be done profitably. In reality, #companies that outperform on sustainability metrics are more profitable and return better dividends to their share-holders than those that don’t. #sustainability #climateaction #esg

🌍📊 The value of the social aspect of ESG for businesses cannot be overstated. Recent UK statistics reveal a compelling narrative: 🔹 75% of employees prefer to work for a socially responsible company. 🔹 60% of UK consumers are willing to pay a premium for socially responsible brands. 🔹 Companies with strong social commitments outperform their peers by 4.8% annually. These numbers are a testament to the growing importance of integrating social factors into business strategies. It's not just about ticking boxes; it's about weaving purpose into the fabric of your business model ⚖️ When businesses embed social responsibility in their core planning, they don't just create a positive impact—they also drive profit. Purpose-driven companies attract loyal customers, motivated employees, and even investors looking for sustainable growth 🌱 Incorporating ESG principles, particularly the social component, is not just a trend but a smart business move. It's about aligning your company's goals with broader societal values, ensuring long-term success and resilience 🌱💼 If you are a business that thinks your CSR and community activities lack something and you want to connect more sustainably with non-profits drop me an email - [email protected] 📧 #ESG #Sustainability #BusinessStrategy #PurposeDriven #ProfitWithPurpose #SocialResponsibility #UKBusiness

🌍📊 The value of the social aspect of ESG for businesses cannot be overstated. Recent UK statistics reveal a compelling narrative: 🔹 75% of employees prefer to work for a socially responsible company. 🔹 60% of UK consumers are willing to pay a premium for socially responsible brands. 🔹 Companies with strong social commitments outperform their peers by 4.8% annually. These numbers are a testament to the growing importance of integrating social factors into business strategies. It's not just about ticking boxes; it's about weaving purpose into the fabric of your business model ⚖️ When businesses embed social responsibility in their core planning, they don't just create a positive impact—they also drive profit. Purpose-driven companies attract loyal customers, motivated employees, and even investors looking for sustainable growth 🌱 Incorporating ESG principles, particularly the social component, is not just a trend but a smart business move. It's about aligning your company's goals with broader societal values, ensuring long-term success and resilience 🌱💼 If you are a business that thinks your CSR and community activities lack something and you want to connect more sustainably with non-profits drop me an email - [email protected] 📧 #ESG #Sustainability #BusinessStrategy #PurposeDriven #ProfitWithPurpose #SocialResponsibility #UKBusiness