ERM
Catching the Wave Sustainability Transformation Guidance
Pages
65
Time to read
125 mins
Publication
Language
English
Pages
65
Time to read
125 mins
Publication
Language
English
This guide presents a framework for navigating the sustainability transformation faced by multinational companies. It examines the barriers to integrating sustainability practices, including a short-term performance focus, a sustainability-as-a-cost mindset, and gaps in sustainability-related skills. The document outlines findings from interviews with over 130 business executives and sustainability experts, providing insights into the changes needed for successful transition. It emphasizes the importance of recognizing multiple truths, such as the urgency of addressing climate change while also acknowledging the potential for rapid recovery in natural systems. Companies are encouraged to embrace the disruption caused by sustainability shifts, drawing lessons from past transformations like the digital revolution. The guide also highlights actionable strategies across five focus areas: Leadership & Governance, Strategy & Planning, Progress & Commercialization, Networks & Engagement, and Continuity & Tenacity. Each area offers practical steps for internal change agents to unlock value and enhance organizational resilience during the sustainability transition.