Cover image for Sustainability

Sustainability

Author Gilbert S. Hedstrom
Release Date: 2018/11/01
ISBN: 9781547400508
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Book Description

Sustainability: What It Is and How to Measure It begins with a succinct business-focused summary of how to think about the risks and opportunities associated with sustainability. The author then includes his proprietary framework, The Corporate Sustainability ScorecardTM C-suite rating system, including the over 140 key sustainability indicators that are used to rate an organization’s sustainability efforts. Each KSI includes examples from organizations around the world, giving the reader a complete and unbiased understanding of all aspects of sustainability. The Scorecard has been developed over the past 20 years and used by more than 70 corporations to rate themselves on sustainability. Gilbert S. Hedstrom illustrates the use of the Scorecard with hundreds of examples. He discusses sustainability transformation, governance, and strategy and execution. Social responsibility and environmental stewardship form important parts of his discourse in this important contribution to the debate on sustainability that will benefit business executives and those interested in sustainability and business. Read the author's related article on the NACD blog here: https://blog.nacdonline.org/posts/pge-lessons-oversight

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright
  4. Dedication
  5. Contents
  6. Part 1
    1. Chapter 1: Sustainability in 2020 and Beyond
      1. The Drivers: Economics 101
      2. Sustainability: Four Big Buckets
      3. The Huge Business Opportunity
      4. Mixed Signals
      5. How to Get Started
    2. Chapter 2: Why Bother?
      1. Opportunity of the Century
      2. Global Risk Review—WEF
      3. But Wait—Delhi, Delft, Des Moines
      4. Why Have Companies Pursued ESG?
      5. The Business Case for Sustainability
      6. Investors Speaking Up
      7. Customers Speaking Up
      8. Approaching the Tipping Point
    3. Chapter 3: Terminology—What Does Sustainability Really Mean?
      1. The Jargon
      2. What Is Sustainability?
      3. ESG and the Triple Bottom Line
      4. Two Sides of the Coin: Stop and Go
      5. From Farm to Fork
      6. Today’s Sustainability Conversation
    4. Chapter 4: What Does Sustainability Mean to Your Industry?
      1. The 30,000 Foot View
      2. The Common Denominator: More Profit—Less Stuff
      3. Tomorrow’s Industry Sectors
      4. Tomorrow’s Industry Sectors—Today
      5. Counterpoint: The Skeptics …
      6. Positioning for Growth
    5. Chapter 5: Governance and Leadership: The “G” in ESG
      1. The Situation: Governance and Sustainability
      2. Governance: The Key Elements
      3. Investors’ Dilemma: Failing the 80/20 Rule
      4. Governance at a Glance: Tomorrow’s Leaders Today
      5. The Scorecard: Governance and Leadership
    6. Chapter 6: Strategy and Execution: The Missing “S” in ESG
      1. The Situation: Beyond ESG
      2. Strategy: The Key Elements
      3. The Opportunity: Strategy and Sustainability
      4. Strategy and Execution at a Glance: Tomorrow’s Leaders Today
      5. The Scorecard: Strategy and Execution
    7. Chapter 7: Environmental Stewardship: The “E” in ESG
      1. The Situation: Overdose on Environmental Issues
      2. Materiality Assessment
      3. Environment: The Key Elements
      4. Environmental Stewardship at a Glance: Tomorrow’s Leaders Today
      5. The Scorecard: Environmental Stewardship
    8. Chapter 8: Social Responsibility: The “S” in ESG
      1. The Situation: Looking Back—Not Looking Ahead
      2. Social Responsibility: The Key Elements
      3. The Opportunity: Glass Half Full
      4. Social Responsibility: Tomorrow’s Leaders Today
      5. The Scorecard: Social Responsibility
    9. Chapter 9: The New ESG Regulators
      1. Investors: The New EPA?
      2. The Global Regulatory Landscape
      3. Private Sector Collaborations
      4. The Impact of Millennials
      5. Summary
  7. Part 2
    1. Chapter 10: Introduction to the Corporate Sustainability Scorecard—C-Suite Rating System
      1. What Is the Corporate Sustainability Scorecard?
      2. Why this Scorecard?
      3. Who Is the Scorecard Intended for?
      4. How Is the Scorecard Structured?
      5. The Four- Stage Transformation Model
      6. How Should the Scorecard Be Used?
      7. Will the Scorecard Change over Time?
      8. Organization of Part 2
    2. Chapter 11: Vision, Mission, and Values
      1. Public Statements
      2. Private Actions to Reinforce Sustainability in Vision, Mission, and Values
      3. External Recognition
      4. How Do Companies Stack Up?
    3. Chapter 12: CEO Leadership
      1. CEO Engagement with Sustainability
      2. Managing Board Agendas
      3. Structuring the Sustainability Organization
      4. How Do Companies Stack Up?
    4. Chapter 13: Board of Directors Leadership
      1. Board of Directors Sustainability Structure and Resources
      2. Board of Directors’ Assurance Processes
      3. Board of Directors’ Commitment of Time to Sustainability
      4. How Do Companies Stack Up?
    5. Chapter 14: Goals and Metrics
      1. Goal- Setting Process
      2. Time Horizon of Sustainability Goals
      3. Content and Impact of Sustainability Goals
      4. How Do Companies Stack Up?
    6. Chapter 15: Culture and Organization
      1. Management Accountability for and Attention to Sustainability
      2. Key Culture Indicators Related to Sustainability
      3. Sustainability Organization
      4. How Do Companies Stack Up?
    7. Chapter 16: Stakeholder Engagement
      1. Why Engage?
      2. With Whom to Engage?
      3. What to Engage On?
      4. How and When to Engage
      5. How Do Companies Stack Up?
    8. Chapter 17: Disclosure, Reporting, and Transparency
      1. Disclosure of Sustainability Risks, Posture, Programs, and Plans
      2. Reporting of Sustainability Progress and Performance
      3. Transparency
      4. How Do Companies Stack Up?
    9. Chapter 18: Strategic Planning
      1. Sustainability Positioning and Strategy
      2. Business Drivers for Sustainability Within the Company
      3. Sustainability Inputs to Corporate Planning Process(es)
      4. How Do Companies Stack Up?
    10. Chapter 19: Innovation, Research, and Development
      1. Role of Sustainability and Innovation
      2. Processes and Methodologies
      3. Sustainable Innovation Investments
      4. How Do Companies Stack Up?
    11. Chapter 20: Customers and Markets
      1. Sustainability Linkage to Customers
      2. Core Approach
      3. Shaping Future Market Opportunities
      4. How Do Companies Stack Up?
    12. Chapter 21: Products, Services, and Solutions
      1. Basic Product Positioning
      2. The Product Development Process
      3. Existing PSS
      4. How Do Companies Stack Up?
    13. Chapter 22: Environmental Footprint—Operations
      1. Managing Purchased Resource Inputs
      2. Managing Own Physical Footprint
      3. Managing Nonproduct Outputs
      4. How Do Companies Stack Up?
    14. Chapter 23: Environmental Impacts—Supply Chain
      1. Posture and Management Processes
      2. Addressing the Most Material Supply Chain Environmental Impacts
      3. Nature and Extent of Supplier Sustainability Partnerships
      4. How Do Companies Stack Up?
    15. Chapter 24: Environmental Impacts—Products
      1. Overall Product Stewardship Approach
      2. Product Design Process
      3. End- of- Life Product Management
      4. How Do Companies Stack Up?
    16. Chapter 25: Own Operations—Workplace
      1. General Workplace Environment
      2. Core Workplace Programs
      3. Sustainability Capability- Building Initiatives
      4. How Do Companies Stack Up?
    17. Chapter 26: Supply Chain Social Impacts
      1. Posture and Management Processes
      2. Addressing the Most Material Supply Chain Impacts
      3. Supply Chain Partnerships
      4. How Do Companies Stack Up?
    18. Chapter 27: Community Investment
      1. Community Policies and Programs
      2. Community Investments
      3. Benefits to Society
      4. How Do Companies Stack Up?
    19. Chapter 28: Conclusion: Tomorrow’s Elite Corporation
      1. Fit: Visualizing Success
      2. Trim: Decoupling Growth and Profitability from Resource Intensity
      3. Resilient: Capacity to Innovate Among Disruptions
      4. A Few Words on Climate Change
      5. The Path Forward
  8. Appendix A: Definitions
  9. Index
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