Integrating sustainability into profitable forestry natural capital investments
I consult in sustainability (related to forest investment) and I agree with this. #Sustainability cannot be entirely outsourced. In fact, I would argue that the more heavily you integrate sustainability within your investment organization (including at investment committee, c-suite, and board level representation), the more resilient and successful your organization will be. Box-ticking #ESG reporting exercises are not only a #greenwashing risk, but can sweep important issues under the rug that will re-surface later, damaging more than credibility.
Consultants have taken over sustainability reporting – and not for the better, write Kate Macdonald and Hendri Yulius Wijaya of the University of Melbourne in this op-ed. A growing number of companies have hired consulting firms to help them with ESG, but it's become a box-ticking exercise as a lack of checks has led to greenwash. #ESG #greenwash #sustainability #sustainable #finance
