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How boards bridge the sustainability ambition-action gap | EY - UK
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rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-intro-description-1" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-450ebca9d0":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-18T21:46:44Z","xdm:text":"<p>Asking the better questions that unlock new answers to the working world's most complex issues. UK</p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p>Asking the better questions that unlock new answers to the working world's most complex issues. UK</p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-intro-button-1" class="cmp-container"> <div class="button"> <a class="up-button cmp-button " href="/en_uk/insights" aria-label="Explore Insights" data-cmp-clickable data-up-is="button" data-cmp-data-layer="{"button-5c0646b043":{"@type":"ey-unified-site/components/button","repo:modifyDate":"2024-08-15T08:25:10Z","dc:title":"Explore","xdm:linkURL":"/en_uk/insights"}}" data-analytics-category="Button" data-button-type="cta" data-snippet-url="/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights.html" data-analytics-label="CTA Button" analytics-button-type="cta" data-analytics-button-click> <span class="cmp-button__text" data-analytics-action-value>Explore</span> </a> </div> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-links-wrapper-1" class="cmp-container"> <div class="container responsivegrid"> <div id="subnav-links-title-1" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-d89bb2c6b0":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-12T10:21:04Z","xdm:text":"<h4>Trending topics</h4>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4>Trending topics</h4> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-links-l2-1" class="cmp-container"> </div> </div> <div class="container responsivegrid"> <div id="subnav-links-see-more-1" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-da25c33161":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-08-15T10:20:27Z","xdm:text":"<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/industries.html\">See more</a></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div 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class="rich-text text"><div data-cmp-data-layer="{"rich-text-ce0653ffbe":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-12T10:21:05Z","xdm:text":"<p>See more</p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p>See more</p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-highlights-title-1" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-1b666be5ad":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-12T10:21:05Z","xdm:text":"<h4>Spotlight</h4>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4>Spotlight</h4> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-highlights-links-1" class="cmp-container"> <div class="container responsivegrid"> <div id="container-f4d058491e" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-ab02fa76ea":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-08-16T10:00:25Z","xdm:text":"<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/services/ai.html\">AI insights</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/services/sustainability.html\">Sustainability in business</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/campaigns/economics.html\">Economics</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/campaigns/board-matters.html\">EY Center of Board Matters</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/campaigns/ceo.html\">CEO agenda</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/campaigns/cio.html\">Technology leaders' agenda</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/media/podcasts.html\">EY podcasts</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/media/webcasts.html\">EY webcasts</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights.html\">See more</a><br>\r\n</p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><a href="/en_uk/services/ai">AI insights</a></p> <p><a href="/en_uk/services/sustainability">Sustainability in business</a></p> <p><a href="/en_uk/economics">Economics</a></p> <p><a href="/en_uk/board-matters">EY Center of Board Matters</a></p> <p><a href="/en_uk/ceo">CEO agenda</a></p> <p><a href="/en_uk/cio">Technology leaders' agenda</a></p> <p><a href="/en_uk/media/podcasts">EY podcasts</a></p> <p><a href="/en_uk/media/webcasts">EY webcasts</a></p> <p><a href="/en_uk/insights">See more</a><br /> </p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="container-8faf0b66c1" class="cmp-container"> </div> </div> </div> </div> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="sitenav-sub-wrapper-2" class="cmp-container" role="tabpanel"> <div class="container responsivegrid"> <div id="subnav-intro-wrapper-2" class="cmp-container"> <div class="container responsivegrid"> <div id="subnav-intro-title-2" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-735f95c057":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-12T10:21:06Z","xdm:text":"<h3>Services</h3>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h3>Services</h3> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-intro-description-2" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-4f4497d2cc":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-12T10:21:06Z","xdm:text":"<p>EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.</p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p>EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.</p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-intro-button-2" class="cmp-container"> <div class="button"> <a class="up-button cmp-button " href="/en_uk/services" aria-label="Explore Services" data-cmp-clickable data-up-is="button" data-cmp-data-layer="{"button-93cde2da14":{"@type":"ey-unified-site/components/button","repo:modifyDate":"2024-08-15T10:33:14Z","dc:title":"Explore","xdm:linkURL":"/en_uk/services"}}" data-analytics-category="Button" data-button-type="cta" data-snippet-url="/content/ey-unified-site/ey-com/local/uk/en_uk/home/services.html" data-analytics-label="CTA Button" analytics-button-type="cta" data-analytics-button-click> <span class="cmp-button__text" data-analytics-action-value>Explore</span> </a> </div> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-links-wrapper-2" class="cmp-container"> <div class="container responsivegrid"> <div id="subnav-links-title-2" class="cmp-container"> <div class="rich-text text"> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-links-l2-2" class="cmp-container"> </div> </div> <div class="container responsivegrid"> <div id="subnav-links-see-more-2" class="cmp-container"> <div class="rich-text text"> 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activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-highlights-links-2" class="cmp-container"> <div class="container responsivegrid"> <div id="container-c60255391b" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-377f041625":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-08-15T11:05:04Z","xdm:text":"<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/services/ai/platform.html\">EY.ai - A unifying platform</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/services/strategy-transactions/transformation-consulting.html\">Strategy, transaction and transformation consulting</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/services/consulting/technology-transformation.html\">Technology transformation</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/services/tax-function-operations.html\">Tax function operations</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/services/climate-change-sustainability-services.html\">Climate change and sustainability services</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/campaigns/ecosystems.html\">EY Ecosystems</a></p>\r\n<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/industries/financial-services/business-transformation-platform.html\">EY Nexus: business transformation platform</a></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><a href="/en_uk/services/ai/platform">EY.ai - A unifying platform</a></p> <p><a href="/en_uk/services/strategy-transactions/transformation-consulting">Strategy, transaction and transformation consulting</a></p> <p><a href="/en_uk/services/consulting/technology-transformation">Technology transformation</a></p> <p><a href="/en_uk/services/tax-function-operations">Tax function operations</a></p> <p><a href="/en_uk/services/climate-change-sustainability-services">Climate change and sustainability services</a></p> <p><a href="/en_uk/ecosystems">EY Ecosystems</a></p> <p><a href="/en_uk/industries/financial-services/business-transformation-platform">EY Nexus: business transformation platform</a></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="container-7226f28a23" class="cmp-container"> </div> </div> </div> </div> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="sitenav-sub-wrapper-3" class="cmp-container" role="tabpanel"> <div class="container responsivegrid"> <div id="subnav-intro-wrapper-3" class="cmp-container"> <div class="container responsivegrid"> <div id="subnav-intro-title-3" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-c29bf7b86d":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-12T10:21:07Z","xdm:text":"<h3>Industries</h3>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h3>Industries</h3> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-intro-description-3" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-8cd302be76":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-12T10:21:07Z","xdm:text":"<p>Discover how EY insights and services are helping to reframe the future of your industry.<br>\r\n</p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p>Discover how EY insights and services are helping to reframe the future of your industry.<br /> </p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" 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</div> <div class="container responsivegrid"> <div id="subnav-links-wrapper-3" class="cmp-container"> <div class="container responsivegrid"> <div id="subnav-links-title-3" class="cmp-container"> <div class="rich-text text"> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-links-l2-3" class="cmp-container"> </div> </div> <div class="container responsivegrid"> <div id="subnav-links-see-more-3" class="cmp-container"> <div class="rich-text text"> </div> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-highlights-wrapper-3" class="cmp-container"> <div class="container responsivegrid"> <div id="subnav-highlights-l3-3" class="cmp-container"> <div class="container responsivegrid"> <div id="subnav-highlights-l3-see-more-3" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-55ad0f18aa":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-12T10:21:08Z","xdm:text":"<p>See more</p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p>See more</p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" 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class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4>Case studies</h4> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-highlights-links-3" class="cmp-container"> <div class="eycom-tier3-casestudy"> <div class="caseStudies"> <p class="caseStudies__title">Workforce</p> <p> <a href="/en_uk/insights/workforce/how-microsoft-built-a-new-mobility-model-for-cross-border-talent">How Microsoft built a new mobility model for cross-border talent</a> </p> <p> <span class="date">12 May 2024</span><a href="/en_uk/people/ey">EY Global </a> </p> </div> <div class="caseStudies"> <p class="caseStudies__title">Private equity</p> <p> <a href="/en_uk/insights/private-equity/how-genai-is-empowering-talent-at-a-pe-backed-consumer-brand">How GenAI is empowering talent at a PE-backed consumer brand</a> </p> <p> <span class="date">07 May 2024</span><a href="/en_uk/people/ey">EY Global </a> </p> </div> <div class="caseStudies"> <p class="caseStudies__title">Strategy and Transactions</p> <p> <a href="/en_uk/insights/strategy-transactions/how-carve-outs-positioned-an-automotive-giant-for-future-growth">How carve-outs positioned an automotive giant for future growth</a> </p> <p> <span class="date">10 Apr 2024</span><a href="/en_uk/people/ey">EY Global </a> </p> </div> </div> <div class="container responsivegrid"> <div id="container-8bc8172c50" class="cmp-container"> </div> </div> <div class="container responsivegrid"> <div id="container-c905c7490f" class="cmp-container"> <div class="separator cmp-separator--half-size"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule"/> </div></div> </div> </div> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-10ae794e8c":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-08-15T12:38:32Z","xdm:text":"<p><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/campaigns/case-studies.html\">See all</a></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to 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<h3>Careers</h3> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-intro-description-4" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-4c1fe26191":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-12T10:21:10Z","xdm:text":"<p>We bring together extraordinary people, like you, to build a better working world.</p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p>We bring together extraordinary people, like you, to build a better working world.</p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" 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class="container responsivegrid"> <div id="subnav-links-wrapper-4" class="cmp-container"> <div class="container responsivegrid"> <div id="subnav-links-title-4" class="cmp-container"> <div class="rich-text text"> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-links-l2-4" class="cmp-container"> </div> </div> <div class="container responsivegrid"> <div id="subnav-links-see-more-4" class="cmp-container"> <div class="rich-text text"> </div> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-highlights-wrapper-4" class="cmp-container"> <div class="container responsivegrid"> <div id="subnav-highlights-l3-4" class="cmp-container"> <div class="container responsivegrid"> <div id="subnav-highlights-l3-see-more-4" class="cmp-container"> <div class="rich-text text"><div data-cmp-data-layer="{"rich-text-6272161822":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-07-12T10:21:11Z","xdm:text":"<p>See more</p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p>See more</p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" 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data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4>Spotlight</h4> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> <div class="container responsivegrid"> <div id="subnav-highlights-links-4" class="cmp-container"> <div class="container responsivegrid"> <div id="container-de95b3a4d3" class="cmp-container"> <div class="rich-text text"><div 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1x,/content/dam/ey-unified-site/ey-com/en-gl/insights/climate-change-sustainability-services/images/ey-aerial-view-of-red-wooden-bridge-walkway-in-a-mangrove-forest-static.jpg.transform/instant-search-400/img.jpg 2x,/content/dam/ey-unified-site/ey-com/en-gl/insights/climate-change-sustainability-services/images/ey-aerial-view-of-red-wooden-bridge-walkway-in-a-mangrove-forest-static.jpg.transform/up-img-width-thumbnail-large-screen/img.jpg 3x" alt="" aria-hidden="true"/> <div class="trending-info"> <p class="up-trending-section--item__link-text">How will climate transition planning empower you to shape the future? </p> <p class="up-trending-section--item__link-description" aria-hidden="true">The sixth EY Climate Action Barometer shows an increase in companies reporting on climate but falling short of carbon ambitions. Learn more.</p> <span class="date">12 Nov 2024</span> <span class="trending-tag up-trending-section--item__tag">Sustainability</span> </div> </a> </li> <li class="up-trending-section--item"> <a href="/en_uk/insights/law/how-microsoft-streamlined-regulatory-compliance-with-gen-ai" class="up-trending-section--item__link-name"> <img src="/content/dam/ey-unified-site/ey-com/en-gl/insights/law/images/ey-ai-team-of-lawyers-planning-with-business-colleagues-during-meeting-at-law-firm.jpg" srcset="/content/dam/ey-unified-site/ey-com/en-gl/insights/law/images/ey-ai-team-of-lawyers-planning-with-business-colleagues-during-meeting-at-law-firm.jpg.transform/instant-search-200/img.jpg 1x,/content/dam/ey-unified-site/ey-com/en-gl/insights/law/images/ey-ai-team-of-lawyers-planning-with-business-colleagues-during-meeting-at-law-firm.jpg.transform/instant-search-400/img.jpg 2x,/content/dam/ey-unified-site/ey-com/en-gl/insights/law/images/ey-ai-team-of-lawyers-planning-with-business-colleagues-during-meeting-at-law-firm.jpg.transform/up-img-width-thumbnail-large-screen/img.jpg 3x" alt="" aria-hidden="true"/> <div class="trending-info"> <p class="up-trending-section--item__link-text">How Microsoft streamlined regulatory compliance with GenAI </p> <p class="up-trending-section--item__link-description" aria-hidden="true">This case study reveals how Microsoft legal teams are using GenAI to confidently manage regulatory change. Learn more.</p> <span class="date">15 Oct 2024</span> <span class="trending-tag up-trending-section--item__tag">Law</span> </div> </a> </li> <li class="up-trending-section--item"> <a href="/en_uk/board-matters/board-cso-cfo-dynamic-for-sustainability" class="up-trending-section--item__link-name"> <img src="/content/dam/ey-unified-site/ey-com/en-gl/campaigns/board-matters/images/ey-spectrum-bixby-creek-bridge-at-backlight-static-no-zoom.jpg" srcset="/content/dam/ey-unified-site/ey-com/en-gl/campaigns/board-matters/images/ey-spectrum-bixby-creek-bridge-at-backlight-static-no-zoom.jpg.transform/instant-search-200/img.jpg 1x,/content/dam/ey-unified-site/ey-com/en-gl/campaigns/board-matters/images/ey-spectrum-bixby-creek-bridge-at-backlight-static-no-zoom.jpg.transform/instant-search-400/img.jpg 2x,/content/dam/ey-unified-site/ey-com/en-gl/campaigns/board-matters/images/ey-spectrum-bixby-creek-bridge-at-backlight-static-no-zoom.jpg.transform/up-img-width-thumbnail-large-screen/img.jpg 3x" alt="" aria-hidden="true"/> <div class="trending-info"> <p class="up-trending-section--item__link-text">How can boards bridge the gap between sustainability ambition and action? </p> <p class="up-trending-section--item__link-description" aria-hidden="true">EY spoke to CFOs, CSOs and board members – read on to hear from six global leaders bridging the gap between sustainability ambition and action.</p> <span class="date">23 Sep 2024</span> </div> </a> </li> </ul> </div> </div> </div> </div> <div class="eycom-tier3-myey-config"><div class="my-ey" data-analytics-category="Top Navigation"> <a class="myey-url" title="My EY" href="https://login.ey.com/myey/home" style="display: none" data-analytics-link-click> <span aria-hidden="true" class="up-navigation-bar__person-icon"></span> <span class="myeyText" data-analytics-action-value>My EY</span> </a> <a class="myey-login-url" title="My EY" href="https://login.ey.com/myey/login" data-analytics-link-click> <span aria-hidden="true" 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</div> </div> </div> <div class="cmp-hero__overlay" data-variant-type="image-immersive"> <div class="cmp-hero__content"> <div class="cmp-hero__title"> <h1 class="h1"> How can boards bridge the gap between sustainability ambition and action? </h1> </div> </div> </div> </div> </div> </div> </div> <div class="container responsivegrid cmp-container--component-e2e aem-GridColumn aem-GridColumn--default--12"> <div id="container-9659da23dd" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="container responsivegrid cmp-layout-fixedWidth aem-GridColumn aem-GridColumn--default--12"> <div id="container-dad3a095a7" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="upTwoColumns component aem-GridColumn aem-GridColumn--default--12"><div class="up-two-columns"> <div class="up-two-columns__left-container"> <div class="left-container container responsivegrid up-two-columns__left-container-top"> <div 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class="cmp-resourcesItem_fileList-title">How can boards bridge the gap between sustainability ambition and action (PDF)</h3> <div class="cmp-resourcesItem_fileList-download"> <a class="cmp-resourcesItem_fileList-download-link" target="_blank" href="/content/dam/ey-unified-site/ey-com/en-gl/campaigns/board-matters/documents/ey-how-can-boards-bridge-the-gap-between-sustainability-ambition-and-action-10-2024.pdf" title="Download" data-analytics-action-value data-analytics-event-label="How can boards bridge the gap between sustainability ambition and action" data-analytics-category="Download Button" data-analytics-link-identifier="download-button" data-resource-title="How can boards bridge the gap between sustainability ambition and action" aria-label="Download How can boards bridge the gap between sustainability ambition and action"> <span class="cmp-resourcesItem_more-title">Download</span> </a> <span class="cmp-resourcesItem_fileList-download-size">209 KB</span> </div> </li> </ul> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="parsys up-two-columns__right-container"><div class="rich-text text section"><div data-cmp-data-layer="{"rich-text-4d37e2a351":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:46Z","xdm:text":"<h4><span class=\"copy-block\">Boards can drive delivery on sustainability ambitions by focusing on the dynamics of key executive roles and five strategic areas.</span></h4>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4><span class="copy-block">Boards can drive delivery on sustainability ambitions by focusing on the dynamics of key executive roles and five strategic areas.</span></h4> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="separator cmp-separator--horizontal-rule cmp-separator--half-size section"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule"/> </div></div> <div class="rich-text text section"><div data-cmp-data-layer="{"rich-text-3e56cd70fd":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:46Z","xdm:text":"<p><span class=\"copy-block\"><b>In brief:</b><br>\r\n</span></p>\r\n<ul>\r\n<li><span class=\"copy-block\">With the easy wins secured, delivering on sustainability ambitions requires integrating sustainability into core business practices.</span></li>\r\n<li><span class=\"copy-block\">The Board/CFO/CSO relationship is key. Collaboration, empathy, and &quot;multilingual&quot; storytelling supports effective sustainability outcomes.</span></li>\r\n<li><span class=\"copy-block\">Boards should act in five strategic areas to augment and accelerate their organizations’ sustainability impact.</span></li>\r\n</ul>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block"><b>In brief:</b><br /> </span></p> <ul><li><span class="copy-block">With the easy wins secured, delivering on sustainability ambitions requires integrating sustainability into core business practices.</span></li><li><span class="copy-block">The Board/CFO/CSO relationship is key. Collaboration, empathy, and "multilingual" storytelling supports effective sustainability outcomes.</span></li><li><span class="copy-block">Boards should act in five strategic areas to augment and accelerate their organizations’ sustainability impact.</span></li></ul> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="separator cmp-separator--horizontal-rule cmp-separator--half-size section"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule"/> </div></div> <div class="rich-text text section"><div data-cmp-data-layer="{"rich-text-8ed6b85272":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:46Z","xdm:text":"<p><span class=\"copy-block\"><span class=\"drop-cap\">B</span>oards globally confront a complex challenge: How can their organizations fulfil ambitious sustainability commitments despite systemic challenges and economic and geopolitical headwinds?</span></p>\r\n<p><span class=\"copy-block\">Until recently, we were in a period of global target-setting, when stakeholders looked to companies to declare their sustainability ambitions. Now stakeholders expect companies to deliver on them. Any gap between ambition and action undermines credibility and exposes organizations to <a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/assurance/how-good-governance-can-keep-corporates-clean-from-greenwashing.html\">accusations of greenwashing</a>.</span></p>\r\n<p><span class=\"copy-block\">Most companies started their sustainability journey by completing easy wins. But now, faced with much more radical needs to change whole energy and resource systems, many are dialing down targets and pushing out timelines. The <a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/sustainability/how-can-we-accelerate-climate-action.html\">2023 EY Sustainable Value Study</a> showed that many leaders are daunted by the sheer scale of transformation, putting action on hold.</span></p>\r\n<p><span class=\"copy-block\">Yet, despite the challenges, others have maintained their ambitions or even increased them, making sustainability an integral part of their business strategy. So, how and why?</span></p>\r\n<p><span class=\"copy-block\">To find out, we conducted in-depth interviews with Chief Financial Officers (CFOs), Chief Sustainability Officers (CSOs) and board members –what we call the sustainability trifecta – from six companies ramping up their sustainability actions.</span></p>\r\n<p><span class=\"copy-block\">Our interviews with this trifecta of executives reveal key lessons for cross-functional collaboration and essential interdependent traits for board and management that drive sustainable business outcomes. Several factors stand out:</span></p>\r\n<ul>\r\n<li><span class=\"copy-block\">Silo busting and inclusion: Strategy and metrics must be co-created and socialized with all members of the C-suite, and across functions, business units and geographies to break down silos and create buy-in. Sustainability topics touch every governance committee, and the full board must ensure that all relevant sub-committee inputs are included to provide a comprehensive, not siloed perspective. The board’s role is to ensure the right people, with the right information are in the room and every voice is heard when decisions are made - collaboration is key.</span></li>\r\n<li><span class=\"copy-block\">Empathy and listening: Each of the three roles must understand the lens that the others apply to sustainability, what success means in their terms, and speak a common language – then listen carefully to sometimes differing views on the path to achieve the same goals.</span></li>\r\n<li><span class=\"copy-block\">“Multilingual” storytelling: Together, these three roles must master the art of authentic storytelling for the organization’s stakeholders – internal and external – using the language each responds to best. Purpose provides the foundation for storytelling; strategy that works back from a desired future creates the motivating vision.</span></li>\r\n<li><span class=\"copy-block\">Momentum: In a time when many companies are reconsidering the time and resources needed to achieve commitments, going bigger is not necessarily more impactful. True ecosystem collaboration, rather than siloed efforts, provides the catalyst for acceleration.</span></li>\r\n</ul>\r\n<p><span class=\"copy-block\">At the end of this report, we include five key actions that boards can take to ensure sustainability is at the heart of a growth strategy for resilient organizations.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block"><span class="drop-cap">B</span>oards globally confront a complex challenge: How can their organizations fulfil ambitious sustainability commitments despite systemic challenges and economic and geopolitical headwinds?</span></p> <p><span class="copy-block">Until recently, we were in a period of global target-setting, when stakeholders looked to companies to declare their sustainability ambitions. Now stakeholders expect companies to deliver on them. Any gap between ambition and action undermines credibility and exposes organizations to <a href="/en_uk/insights/assurance/how-good-governance-can-keep-corporates-clean-from-greenwashing">accusations of greenwashing</a>.</span></p> <p><span class="copy-block">Most companies started their sustainability journey by completing easy wins. But now, faced with much more radical needs to change whole energy and resource systems, many are dialing down targets and pushing out timelines. The <a href="/en_uk/insights/sustainability/how-can-we-accelerate-climate-action">2023 EY Sustainable Value Study</a> showed that many leaders are daunted by the sheer scale of transformation, putting action on hold.</span></p> <p><span class="copy-block">Yet, despite the challenges, others have maintained their ambitions or even increased them, making sustainability an integral part of their business strategy. So, how and why?</span></p> <p><span class="copy-block">To find out, we conducted in-depth interviews with Chief Financial Officers (CFOs), Chief Sustainability Officers (CSOs) and board members –what we call the sustainability trifecta – from six companies ramping up their sustainability actions.</span></p> <p><span class="copy-block">Our interviews with this trifecta of executives reveal key lessons for cross-functional collaboration and essential interdependent traits for board and management that drive sustainable business outcomes. Several factors stand out:</span></p> <ul><li><span class="copy-block">Silo busting and inclusion: Strategy and metrics must be co-created and socialized with all members of the C-suite, and across functions, business units and geographies to break down silos and create buy-in. Sustainability topics touch every governance committee, and the full board must ensure that all relevant sub-committee inputs are included to provide a comprehensive, not siloed perspective. The board’s role is to ensure the right people, with the right information are in the room and every voice is heard when decisions are made - collaboration is key.</span></li><li><span class="copy-block">Empathy and listening: Each of the three roles must understand the lens that the others apply to sustainability, what success means in their terms, and speak a common language – then listen carefully to sometimes differing views on the path to achieve the same goals.</span></li><li><span class="copy-block">“Multilingual” storytelling: Together, these three roles must master the art of authentic storytelling for the organization’s stakeholders – internal and external – using the language each responds to best. Purpose provides the foundation for storytelling; strategy that works back from a desired future creates the motivating vision.</span></li><li><span class="copy-block">Momentum: In a time when many companies are reconsidering the time and resources needed to achieve commitments, going bigger is not necessarily more impactful. True ecosystem collaboration, rather than siloed efforts, provides the catalyst for acceleration.</span></li></ul> <p><span class="copy-block">At the end of this report, we include five key actions that boards can take to ensure sustainability is at the heart of a growth strategy for resilient organizations.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="upAccordion component section"> <div id="accordion-5a7e8078f6" class="up-accordion" data-up-is="accordion" data-up-single-expansion data-placeholder-text="false"> <ul class="up-accordion__list"> <li data-up-hook-accordion="[items]" id="accordion-5a7e8078f6-item-8546aaeb36" class="up-accordion__item"> <h2 class="up-accordion__header"> <button id="accordion-5a7e8078f6-item-8546aaeb36-button" class="up-accordion__header-button" aria-controls="accordion-5a7e8078f6-item-8546aaeb36-panel" aria-expanded="false" data-up-hook-accordion="[buttons]"> <span class="up-accordion__header-button-title">About our study</span> <span class="up-accordion__header-button-icon"> </span> </button> </h2> <div data-up-hook-accordion="[panels]" id="accordion-5a7e8078f6-item-8546aaeb36-panel" class="up-accordion__panel" role="region" aria-labelledby="accordion-5a7e8078f6-item-8546aaeb36-button" aria-hidden="true" inert><div class="container responsivegrid"> <div id="container-8546aaeb36" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="rich-text text aem-GridColumn aem-GridColumn--default--12"><div data-cmp-data-layer="{"rich-text-0f22296e27":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:46Z","xdm:text":"<p><span class=\"copy-block\">Between February and June 2024, EY conducted in-depth individual interviews with the CFO and CSO (or equivalent roles) and a board member from six companies with demonstrated sustainability leadership. This group of sustainability leaders was curated to represent a balanced spread of geography, size, profile, sector and customers. Care was taken to include organizations from the Global South, not only developed markets.</span></p>\r\n<p><span class=\"copy-block\">Study participants:</span></p>\r\n<ul>\r\n<li><span class=\"copy-block\">Absa, a leading pan-Africa bank headquartered in South Africa</span></li>\r\n<li><span class=\"copy-block\">Asahi Group Holdings, a global leader offering a diverse collection of brands centered on beer, alcohol and non-alcohol beverages, and food headquartered in Japan</span></li>\r\n<li><span class=\"copy-block\">eBay Inc., a global e-commerce leader that connects people and builds communities to create economic opportunity for all headquartered in the United States</span></li>\r\n<li><span class=\"copy-block\">Mahindra Group, a diversified Indian automobile manufacturing company headquartered in India</span></li>\r\n<li><span class=\"copy-block\">SAP, a global leader in enterprise applications and business AI headquartered in Germany</span></li>\r\n<li><span class=\"copy-block\">Stockland, a leading residential developer in Australia, focused on delivering a range of masterplanned communities and medium density housing in growth areas across the country</span></li>\r\n</ul>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block">Between February and June 2024, EY conducted in-depth individual interviews with the CFO and CSO (or equivalent roles) and a board member from six companies with demonstrated sustainability leadership. This group of sustainability leaders was curated to represent a balanced spread of geography, size, profile, sector and customers. Care was taken to include organizations from the Global South, not only developed markets.</span></p> <p><span class="copy-block">Study participants:</span></p> <ul><li><span class="copy-block">Absa, a leading pan-Africa bank headquartered in South Africa</span></li><li><span class="copy-block">Asahi Group Holdings, a global leader offering a diverse collection of brands centered on beer, alcohol and non-alcohol beverages, and food headquartered in Japan</span></li><li><span class="copy-block">eBay Inc., a global e-commerce leader that connects people and builds communities to create economic opportunity for all headquartered in the United States</span></li><li><span class="copy-block">Mahindra Group, a diversified Indian automobile manufacturing company headquartered in India</span></li><li><span class="copy-block">SAP, a global leader in enterprise applications and business AI headquartered in Germany</span></li><li><span class="copy-block">Stockland, a leading residential developer in Australia, focused on delivering a range of masterplanned communities and medium density housing in growth areas across the country</span></li></ul> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> </div> </div> </li> </ul> </div> </div> </div> </div> </div> </div> </div> </div> <div class="chapter-breaker aem-GridColumn aem-GridColumn--default--12"> <div class="up-chapter-breaker up-chapter-breaker---with-image up-chapter-breaker--bothleft up-chapter-breaker--article" id="chapter-breaker-1cb617713f"> <div class="up-chapter-breaker__img"> <div class="up-image " data-up-is="image"> <div class="up-image__image" data-up-hook-image="[image]" data-aspect-ratio="1.5" style="--up-image-focal-x: 50%; --up-image-focal-y: 50%"> <div data-cmp-is="image" data-cmp-widths="100,200,300,400,500,600,700,800,900,1000,1100,1200,1600,1800,2000,2400,2700,3000,3300,3600,3840" data-cmp-src="/adobe/dynamicmedia/deliver/dm-aid--9df32685-fe38-45cb-9de2-3d54526e3f01/ey-modern-bridge-and-river.jpg?quality=85&preferwebp=true&width={width}" data-asset-id="9df32685-fe38-45cb-9de2-3d54526e3f01" data-cmp-filereference="/content/dam/ey-unified-site/ey-com/en-gl/campaigns/board-matters/images/ey-modern-bridge-and-river.jpg" id="image-render-ef84605b05" 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1800w,/adobe/dynamicmedia/deliver/dm-aid--9df32685-fe38-45cb-9de2-3d54526e3f01/ey-modern-bridge-and-river.jpg?quality=85&preferwebp=true&width=2000 2000w,/adobe/dynamicmedia/deliver/dm-aid--9df32685-fe38-45cb-9de2-3d54526e3f01/ey-modern-bridge-and-river.jpg?quality=85&preferwebp=true&width=2400 2400w,/adobe/dynamicmedia/deliver/dm-aid--9df32685-fe38-45cb-9de2-3d54526e3f01/ey-modern-bridge-and-river.jpg?quality=85&preferwebp=true&width=2700 2700w,/adobe/dynamicmedia/deliver/dm-aid--9df32685-fe38-45cb-9de2-3d54526e3f01/ey-modern-bridge-and-river.jpg?quality=85&preferwebp=true&width=3000 3000w,/adobe/dynamicmedia/deliver/dm-aid--9df32685-fe38-45cb-9de2-3d54526e3f01/ey-modern-bridge-and-river.jpg?quality=85&preferwebp=true&width=3300 3300w,/adobe/dynamicmedia/deliver/dm-aid--9df32685-fe38-45cb-9de2-3d54526e3f01/ey-modern-bridge-and-river.jpg?quality=85&preferwebp=true&width=3600 3600w,/adobe/dynamicmedia/deliver/dm-aid--9df32685-fe38-45cb-9de2-3d54526e3f01/ey-modern-bridge-and-river.jpg?quality=85&preferwebp=true&width=3840 3840w" loading="lazy" class="cmp-image__image" itemprop="contentUrl" width="3840" height="2560" alt="modern bridge and river"/> </div> </div> </div> </div> <div class="up-chapter-breaker__gradient"></div> <div class="up-chapter-breaker__number-container"> <span class="up-chapter-breaker__number">1</span> </div> <div class="up-chapter-breaker__content-grid"> <div class="up-chapter-breaker__content"> <p class="up-chapter-breaker__label"> Chapter 1 </p> <h2 class="up-chapter-breaker__title">Move fast and break silos</h2> <p class="up-chapter-breaker__subtitle">Harness the power of C-suite and board unity to turbocharge sustainability action for strategic business success.</p> </div> </div> </div> </div> <div class="nested-tile aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div class="content"> <div class="height-control"></div> <div class="nestedTileSec nestedTile-parsys rightAlign small"> <div id="nested-tile-container-e4ba7edb87" class="cmp-container"> <div class="link-area"> <div class="cmp-link-area cmp-link-area--regular " data-analytics-category="Link Area"> <p class="cmp-link-area__header"> How EY can help </p> <div> <ul class="cmp-link-area__regular "> <li class="cmp-link-area__item "> <div class="cmp-link-area__wrapper"> <p class="cmp-link-area__item--title"> <a data-analytics-link-click data-analytics-event-label="linkAreaHeader-EY-How EY can Help" data-analytics-action-value="EY Center for Sustainable Supply Chains" href="/en_uk/services/sustainability/services"> EY Center for Sustainable Supply Chains </a> </p> </div> <p class="cmp-link-area__item__paragraph">EY combines deep technical skills across a breadth of business issues to deliver value-led sustainability. Explore our sustainability and ESG services.</p> <a class="cmp-link-area__item__readmore" href="/en_uk/services/sustainability/services"> Read more </a> </li> </ul> </div> </div> </div> </div> </div> <div class="richText-content cmp-text "> <p><span class="copy-block">Too often sustainability sits apart, siloed in the CSO’s team or another group who struggle to influence the rest of the organization. Little more than half (54%) of CSOs in the <a href="/en_uk/insights/sustainability/how-can-we-accelerate-climate-action">EY Sustainable Value Study</a> say that they have the authority to hold others accountable for their performance on sustainability initiatives.<br /> </span></p> <p><span class="copy-block">Lack of accountability can be symptomatic of a broader lack of alignment and cross-functional collaboration. The <a href="/en_uk/insights/sustainability/how-can-we-accelerate-climate-action">EY Sustainable Value Study</a> reveals that 41% of organizations want significant improvement in collaboration between C-suite and board to effectively execute their climate strategy.<br /> </span></p> <p><span class="copy-block">Gaps such as these frequently result in the creation of a sustainability strategy that is separate from the overall business strategy, relegating it to the margins. However, by integrating sustainability into the organization’s overarching strategy, leaders can bring functions together in a common goal.<br /> </span></p> <h4><span class="copy-block">Top-down leadership<br /> </span></h4> <p><span class="copy-block">Avoiding these disconnects starts with a drive for integration from the top, led and sponsored by the CEO with the support of the board. The whole executive team needs to be engaged and committed to driving the right internal and external conversations. By co-creating strategy and metrics and socializing them across functions, business units and geographies, companies can achieve widescale buy-in and alignment.<br /> </span></p> <p><span class="copy-block">Take, for example, one of Australia’s largest property developer, Stockland. The CSO and Head of Development, Petie Walker recalls when CEO, Tarun Gupta, “made sustainability a core part of the new business strategy he implemented when he assumed the role few years ago, triggering an 18-month process to refresh the company’s approach to sustainability that engaged the entire organization”. </span></p> <p><span class="copy-block">“The CEO's role is absolutely crucial,” adds Andrew Stevens, a non-executive director of Stockland’s board, and Chair of the Sustainability Committee. “It's very difficult for enthusiastic people to move the needle on sustainability if that's not matched at the top in the leadership.”<br /> </span></p> <p><span class="copy-block">At Mahindra, the automobile manufacturer, the sustainability committee is chaired by the group CEO, Anish Shah, giving its decisions the weight of his office. “Silos are perforated,” says Vikram Mehta, lead independent director of Mahindra’s board.<br /> </span></p> <h4><span class="copy-block">Strategic and future looking<br /> </span></h4> <p><span class="copy-block">In this process, collaboration among the CSO/CFO/Board trifecta is essential for making sustainability strategic and future-looking. This is perhaps nowhere more important than at Asahi, whose business, as a major beverage company, depends heavily on natural products. “We believe that sustainability is an investment in our future. We try to quantify the risk and the impact and try to avoid future cost,” says Kaoru Sakita, Asahi’s Group CFO.<br /> </span></p> <p><span class="copy-block">For Kayoko Kondo, the company’s previous Head of Sustainability, the growing imperative to demonstrate the value of sustainability to future financial outcomes will require the CSO and CFO to “work as just one team”. Keizo Tanimura, the company’s Director EVP and Group CPO, adds: “It's important to think about the future and what kind of culture, strategy and day-to-day leadership you seek. It all comes down to crafting dynamics and governance frameworks that are fit for the company, and creating the foundations and supporting mechanisms that allow those frameworks to evolve continuously and remain effective.”<br /> </span></p> <h4><span class="copy-block">Expanding beyond the trifecta<br /> </span></h4> <p><span class="copy-block">While the trifecta remains central, as the team driving change, all a company’s leaders need to come together to cascade a sustainability strategy throughout the organization.<br /> </span></p> <p><span class="copy-block">“Everyone in our executive team sponsors a part of the sustainability strategy,” says Alison Harrop, Stockland’s CFO. “It's very much a spiderweb sitting across our organization with many intersecting points but driven by the people in the business who can deliver the outcomes.”<br /> </span></p> <p><span class="copy-block">The demands of more robust and regulatory-driven non-financial reporting are another important catalyst. For example, at the e-commerce company eBay, the sustainability team is increasingly collaborating with the company’s Chief Accounting Officer and SEC reporting team, “we have tremendous partnership across the whole of the finance organization” says Steve Priest, CFO of eBay.<br /> </span></p> <p><span class="copy-block">Technology change is also creating need to expand the sustainability team. The dramatic adoption of generative AI (GenAI) has sparked a spike in both energy consumption and data center buildouts globally. Whether an organization is maintaining its own data centers or using cloud providers, the need to understand the climate and nature impacts of GenAI brings the Chief Information Officer to the table.</span></p> </div> </div> </div> <div class="inlinequote aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="cmp-inlineQuote"> <div class="cmp-inlineQuote__content"> <blockquote class="cmp-inlineQuote__quote">Everyone in our executive team sponsors a part of the sustainability strategy</blockquote> <div class="cmp-inlineQuote__metadata"> <p class="cmp-inlineQuote__quotee-name">Alison Harrop</p> <p class="cmp-inlineQuote__quotee-job">Chief Financial Officer, Stockland</p> </div> </div> </div> </div> <div class="container responsivegrid aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div id="container-0e01cba023" class="cmp-container"> <div class="aem-Grid aem-Grid--8 aem-Grid--default--8 "> <div class="upAccordion component aem-GridColumn aem-GridColumn--default--8"> <div id="accordion-82f6f81f08" class="up-accordion" data-up-is="accordion" data-up-single-expansion data-placeholder-text="false"> <ul class="up-accordion__list"> <li data-up-hook-accordion="[items]" id="accordion-82f6f81f08-item-dc794b7866" class="up-accordion__item"> <h2 class="up-accordion__header"> <button id="accordion-82f6f81f08-item-dc794b7866-button" class="up-accordion__header-button" aria-controls="accordion-82f6f81f08-item-dc794b7866-panel" aria-expanded="false" data-up-hook-accordion="[buttons]"> <span class="up-accordion__header-button-title">Transformational CSOs collaborate better across the C-suite</span> <span class="up-accordion__header-button-icon"> </span> </button> </h2> <div data-up-hook-accordion="[panels]" id="accordion-82f6f81f08-item-dc794b7866-panel" class="up-accordion__panel" role="region" aria-labelledby="accordion-82f6f81f08-item-dc794b7866-button" aria-hidden="true" inert><div class="container responsivegrid"> <div id="container-dc794b7866" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="rich-text text aem-GridColumn aem-GridColumn--default--12"><div data-cmp-data-layer="{"rich-text-0c230c2d1b":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:46Z","xdm:text":"<p><span class=\"copy-block\">EY’s&nbsp;<a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/sustainability/how-can-we-accelerate-climate-action.html\">Sustainable Value Study</a>&nbsp;shows how transformational CSOs are more effective at establishing relationships with key executive leadership roles beyond the CEO and CFO. Compared to other CSOs, these leaders have more resources at their disposal (such as a dedicated budget and team) and exert greater influence internally.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block">EY’s <a href="/en_uk/insights/sustainability/how-can-we-accelerate-climate-action">Sustainable Value Study</a> shows how transformational CSOs are more effective at establishing relationships with key executive leadership roles beyond the CEO and CFO. Compared to other CSOs, these leaders have more resources at their disposal (such as a dedicated budget and team) and exert greater influence internally.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="upHtmlApp component aem-GridColumn aem-GridColumn--default--12"><div data-up-is="html-app" class="up-html-app"> <div class="flourish-embed flourish-cards" data-src="visualisation/15671892?306796"><script src="https://public.flourish.studio/resources/embed.js"></script></div> </div> </div> <div class="upArticleReference component aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--0"><span class="up-article-reference" data-up-is="article-reference" data-up-analytics="article-reference" data-analytics-page-title="How boards bridge the sustainability ambition-action gap | EY - UK" data-up-is-expanded="false"> <button id="article-reference-heading" class="up-article-reference__heading" data-up-hook-article-reference="heading" aria-controls="article-reference-content" aria-expanded="false" role="button"> <span class="up-article-reference__heading-opened">Open image description </span> <span class="up-article-reference__heading-closed">Close image description </span> </button> <div id="article-reference-content" class="up-article-reference__content" data-up-hook-article-reference="content" role="region" aria-labelledby="article-reference-heading" aria-hidden="true" inert> <span>This graph depicts the level of collaboration improvement needed with other roles within the organization, whether they are transformational or not.</span> </div> </span> <br/> </div> </div> </div> </div> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-f007c3c8ac":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:46Z","xdm:text":"<p><span class=\"copy-block\">“The biggest party missing here is the CRO [Chief Risk Officer],” says Deon Raju, Absa’s Group Financial Director. For the bank, “there's a very natural agreement between strategy, sustainability, finance and risk that comes together in all the strategic and integrated planning that we do.” Insights from the <a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/sustainability/how-can-we-accelerate-climate-action.html\">EY Sustainable Value Study</a> show that 38% of CSOs and 39% of CFOs said that there is a need for improved collaboration with CROs to effectively execute sustainability strategy.</span></p>\r\n<p><span class=\"copy-block\">As organizations consider sustainability risk, it’s important to keep a view of the upsides, not just the downsides, notes Dominik Asam, Member of the Executive Board and Chief Financial Officer, SAP SE. “For us, climate is of course an existential threat, but we must not ignore the fact that it is also an opportunity. Supervisory board meetings often focus more on the risks and not on the opportunities. We don't even have an opportunity register at SAP. We only have a risk register for audit committee, for instance.”&nbsp;</span></p>\r\n<p><span class=\"copy-block\">Amy Brachio, EY Global Vice Chair – Sustainability adds, “Climate and nature underpin growth and innovation, risk management, lives and livelihoods – making sustainability a whole organization issue underpinning almost all the decisions the C-suite faces.”</span></p>\r\n<p><span class=\"copy-block\">While issues of risk, reporting and resilience are front of mind, sustainability is also a forward-looking lens for organizations to challenge how short-term actions and decisions are building the organizations’ capacity in the long term for new markets, products and service.&nbsp;&nbsp;The same material sustainability topics that are core to the business and inform the risk register can point to business opportunities when viewed through a different lens.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block">“The biggest party missing here is the CRO [Chief Risk Officer],” says Deon Raju, Absa’s Group Financial Director. For the bank, “there's a very natural agreement between strategy, sustainability, finance and risk that comes together in all the strategic and integrated planning that we do.” Insights from the <a href="/en_uk/insights/sustainability/how-can-we-accelerate-climate-action">EY Sustainable Value Study</a> show that 38% of CSOs and 39% of CFOs said that there is a need for improved collaboration with CROs to effectively execute sustainability strategy.</span></p> <p><span class="copy-block">As organizations consider sustainability risk, it’s important to keep a view of the upsides, not just the downsides, notes Dominik Asam, Member of the Executive Board and Chief Financial Officer, SAP SE. “For us, climate is of course an existential threat, but we must not ignore the fact that it is also an opportunity. Supervisory board meetings often focus more on the risks and not on the opportunities. We don't even have an opportunity register at SAP. We only have a risk register for audit committee, for instance.” </span></p> <p><span class="copy-block">Amy Brachio, EY Global Vice Chair – Sustainability adds, “Climate and nature underpin growth and innovation, risk management, lives and livelihoods – making sustainability a whole organization issue underpinning almost all the decisions the C-suite faces.”</span></p> <p><span class="copy-block">While issues of risk, reporting and resilience are front of mind, sustainability is also a forward-looking lens for organizations to challenge how short-term actions and decisions are building the organizations’ capacity in the long term for new markets, products and service. The same material sustainability topics that are core to the business and inform the risk register can point to business opportunities when viewed through a different lens.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="container responsivegrid theme-dark cmp-container--theme-dark cmp-container--background-color-e2e aem-GridColumn aem-GridColumn--default--12"> <div id="container-edfbf1e047" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="separator aem-GridColumn aem-GridColumn--default--12"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule"/> </div></div> <div class="rich-text text aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-85bd99b3bc":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:46Z","xdm:text":"<h4 style=\"text-align: center;\"><span class=\"copy-block\">Most highly resilient boards (78%) view ESG as more of an opportunity than a risk for their organizations in the longer term (vs. 50% of less resilient boards).</span></h4>\r\n<h6 style=\"text-align: center;\"><span class=\"gen-copy-block\">2023 EY Global Board Risk Survey</span></h6>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4 style=" text-align: center; "><span class="copy-block">Most highly resilient boards (78%) view ESG as more of an opportunity than a risk for their organizations in the longer term (vs. 50% of less resilient boards).</span></h4> <h6 style=" text-align: center; "><span class="gen-copy-block">2023 EY Global Board Risk Survey</span></h6> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="separator cmp-separator--half-size aem-GridColumn aem-GridColumn--default--12"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-a6c308a7d8":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:46Z","xdm:text":"<h4><span class=\"copy-block\">No board silos</span></h4>\r\n<p><span class=\"copy-block\">The Board can’t have silos any more than the broader organization. While some companies do have dedicated sustainability board committees, sustainability topics touch every part of governance: e.g., Governance &amp; Nominating Committee (ESG), Compensation Committee (DE&amp;I, incentives), Audit Committee (reporting), Risk Committee (climate). Boards need to connect these dots intentionally because it won’t happen organically.</span></p>\r\n<p><span class=\"copy-block\">Stockland’s Stevens explains how committee cross-membership makes important sustainability linkages: “We have a very good discussion and alignment between the sustainability committee and the people and culture committee. And likewise, members of the sustainability committee are also members of the audit committee.”</span></p>\r\n<p><span class=\"copy-block\">While breaking down silos and making linkages across the Board can increase its effectiveness on sustainability topics, it’s important to maintain clear lines of responsibility, advises Carol Hayles, eBay Board Director. “I'm always thinking about gaps and overlaps – making sure that things are covered in the appropriate committee, and they are coordinated and communicated so you don't miss a piece because you didn't connect properly,” she says. “But also that you don't have a lot of overlap. The responsibility in the oversight of controls and disclosure between Audit committee and Nominating and Governance is key for me.”</span></p>\r\n<p><span class=\"copy-block\">Silo busting will be key to shaping the future – and “while we can’t predict the future, we can collaborate – working together to adapt, grow and innovate with confidence” adds Hanne Jesca Bax, EY Global Vice Chair – Markets.</span><br>\r\n</p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4><span class="copy-block">No board silos</span></h4> <p><span class="copy-block">The Board can’t have silos any more than the broader organization. While some companies do have dedicated sustainability board committees, sustainability topics touch every part of governance: e.g., Governance & Nominating Committee (ESG), Compensation Committee (DE&I, incentives), Audit Committee (reporting), Risk Committee (climate). Boards need to connect these dots intentionally because it won’t happen organically.</span></p> <p><span class="copy-block">Stockland’s Stevens explains how committee cross-membership makes important sustainability linkages: “We have a very good discussion and alignment between the sustainability committee and the people and culture committee. And likewise, members of the sustainability committee are also members of the audit committee.”</span></p> <p><span class="copy-block">While breaking down silos and making linkages across the Board can increase its effectiveness on sustainability topics, it’s important to maintain clear lines of responsibility, advises Carol Hayles, eBay Board Director. “I'm always thinking about gaps and overlaps – making sure that things are covered in the appropriate committee, and they are coordinated and communicated so you don't miss a piece because you didn't connect properly,” she says. “But also that you don't have a lot of overlap. The responsibility in the oversight of controls and disclosure between Audit committee and Nominating and Governance is key for me.”</span></p> <p><span class="copy-block">Silo busting will be key to shaping the future – and “while we can’t predict the future, we can collaborate – working together to adapt, grow and innovate with confidence” adds Hanne Jesca Bax, EY Global Vice Chair – Markets.</span><br /> </p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="container responsivegrid aem-GridColumn aem-GridColumn--default--12"> <div id="container-c3b7aa6a20" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="chapter-breaker aem-GridColumn aem-GridColumn--default--12"> <div class="up-chapter-breaker up-chapter-breaker---with-image up-chapter-breaker--bothleft up-chapter-breaker--article" id="chapter-breaker-40b3e82825"> <div class="up-chapter-breaker__img"> <div class="up-image " data-up-is="image"> <div class="up-image__image" data-up-hook-image="[image]" data-aspect-ratio="1.5" style="--up-image-focal-x: 50%; --up-image-focal-y: 50%"> <div data-cmp-is="image" data-cmp-widths="100,200,300,400,500,600,700,800,900,1000,1100,1200,1600,1800,2000,2400,2700,3000,3300,3600,3840" data-cmp-src="/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width={width}" data-asset-id="01340e01-e032-4ec0-bee4-10e1b5742197" data-cmp-filereference="/content/dam/ey-unified-site/ey-com/en-gl/industries/creating-sustainable-future-automotive-secto/images/ey-aerial-view-of-green-bridge-corridor.jpg" id="image-render-662c67ce68" data-cmp-data-layer="{"image-render-662c67ce68":{"@type":"ey-unified-site/components/up-image/image-render","repo:modifyDate":"2024-10-08T08:20:47Z","image":{"repo:id":"01340e01-e032-4ec0-bee4-10e1b5742197","repo:modifyDate":"2023-11-15T06:53:58Z","@type":"image/jpeg","repo:path":"/content/dam/ey-unified-site/ey-com/en-gl/industries/creating-sustainable-future-automotive-secto/images/ey-aerial-view-of-green-bridge-corridor.jpg"}}}" data-cmp-hook-image="imageV3" class="cmp-image" itemscope itemtype="http://schema.org/ImageObject"> <img src="/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true" srcset="/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=100 100w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=200 200w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=300 300w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=400 400w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=500 500w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=600 600w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=700 700w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=800 800w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=900 900w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=1000 1000w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=1100 1100w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=1200 1200w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=1600 1600w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=1800 1800w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=2000 2000w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=2400 2400w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=2700 2700w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=3000 3000w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=3300 3300w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=3600 3600w,/adobe/dynamicmedia/deliver/dm-aid--01340e01-e032-4ec0-bee4-10e1b5742197/ey-aerial-view-of-green-bridge-corridor.jpg?quality=85&preferwebp=true&width=3840 3840w" loading="lazy" class="cmp-image__image" itemprop="contentUrl" width="3840" height="2560" alt="Aerial view of green bridge corridor for wildlife to cross highway safely"/> </div> </div> </div> </div> <div class="up-chapter-breaker__gradient"></div> <div class="up-chapter-breaker__number-container"> <span class="up-chapter-breaker__number">2</span> </div> <div class="up-chapter-breaker__content-grid"> <div class="up-chapter-breaker__content"> <p class="up-chapter-breaker__label"> Chapter 2 </p> <h2 class="up-chapter-breaker__title">Create an ambition that will change everything</h2> <p class="up-chapter-breaker__subtitle">Shared visions: the critical convergence of CSOs, CFOs, and Boards to cultivate empathy for each perspective.</p> </div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-a6852d97a4":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:47Z","xdm:text":"<p><span class=\"copy-block\">The integration of sustainability into strategy must come with a deep understanding of the organizational implications and impacts inherent in realizing your ambitions.</span></p>\r\n<p><span class=\"copy-block\">Daniel Schmid, CSO of SAP, notes that once you have established the ambition you must then “decide differently” – everything from budgets and investments to innovation and governance. “It’s very important that it's not an isolated approach, but a connected approach — an integrated and embedded approach.”</span></p>\r\n<p><span class=\"copy-block\">The CSO, CFO and Board working together are essential for driving these differential decisions in a way that ensures a financially responsible and robust sustainable business strategy is aligned with the company’s growth ambitions.</span></p>\r\n<p><span class=\"copy-block\">These roles each have unique responsibilities, but they should bring complementary perspectives that ensure the business orients toward a shared growth ambition and makes the incremental, day-to-day decisions needed to get there.</span></p>\r\n<p><span class=\"copy-block\">However, effective collaboration among this trifecta is not a given. Unlocking the power of the CSO/CFO/Board relationship depends on a key leadership quality of the new economy: empathy.&nbsp;</span></p>\r\n<p><span class=\"copy-block\">This entails stepping outside the business relationship to consider the person and how they approach their role based on their experiences, relationships, ideals and expectations.&nbsp;</span></p>\r\n<p><span class=\"copy-block\">But empathy must come with a common purpose. The complementary power of these three roles will only be realized if sustainability is core to the business strategy and a clear part of the dimension each one of them owns.</span></p>\r\n<h3><span class=\"copy-block\">CSO perspective</span></h3>\r\n<p><span class=\"copy-block\">The CSO aims to be transformational and brings the outside in through stakeholder perspectives, sustainability insights and technical capabilities to catalyze organizational change. Focused on generating measurable impact against climate and other sustainability goals, the CSO works across the organization on delivery.</span></p>\r\n<p><span class=\"copy-block\">“I need to be the most insightful person at the table because this is what I do day in and day out. I bring an understanding of the stakeholder lens – who cares about this externally? My team helps guide and point out ahead of time what different positions and roles need to be aware of, so that the business can decide on priorities and focus,” says Renee Morin, CSO of eBay.</span></p>\r\n<p><span class=\"copy-block\">“I make sure that the business case is financially sound, but also that it will deliver significant impact,” says Absa’s CSO, Punki Modise.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block">The integration of sustainability into strategy must come with a deep understanding of the organizational implications and impacts inherent in realizing your ambitions.</span></p> <p><span class="copy-block">Daniel Schmid, CSO of SAP, notes that once you have established the ambition you must then “decide differently” – everything from budgets and investments to innovation and governance. “It’s very important that it's not an isolated approach, but a connected approach — an integrated and embedded approach.”</span></p> <p><span class="copy-block">The CSO, CFO and Board working together are essential for driving these differential decisions in a way that ensures a financially responsible and robust sustainable business strategy is aligned with the company’s growth ambitions.</span></p> <p><span class="copy-block">These roles each have unique responsibilities, but they should bring complementary perspectives that ensure the business orients toward a shared growth ambition and makes the incremental, day-to-day decisions needed to get there.</span></p> <p><span class="copy-block">However, effective collaboration among this trifecta is not a given. Unlocking the power of the CSO/CFO/Board relationship depends on a key leadership quality of the new economy: empathy. </span></p> <p><span class="copy-block">This entails stepping outside the business relationship to consider the person and how they approach their role based on their experiences, relationships, ideals and expectations. </span></p> <p><span class="copy-block">But empathy must come with a common purpose. The complementary power of these three roles will only be realized if sustainability is core to the business strategy and a clear part of the dimension each one of them owns.</span></p> <h3><span class="copy-block">CSO perspective</span></h3> <p><span class="copy-block">The CSO aims to be transformational and brings the outside in through stakeholder perspectives, sustainability insights and technical capabilities to catalyze organizational change. Focused on generating measurable impact against climate and other sustainability goals, the CSO works across the organization on delivery.</span></p> <p><span class="copy-block">“I need to be the most insightful person at the table because this is what I do day in and day out. I bring an understanding of the stakeholder lens – who cares about this externally? My team helps guide and point out ahead of time what different positions and roles need to be aware of, so that the business can decide on priorities and focus,” says Renee Morin, CSO of eBay.</span></p> <p><span class="copy-block">“I make sure that the business case is financially sound, but also that it will deliver significant impact,” says Absa’s CSO, Punki Modise.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="anchor parbase aem-GridColumn aem-GridColumn--default--12"> <a class="ey-anchor" id="csovoice" name="csovoice"></a> </div> <div class="separator cmp-separator--horizontal-rule cmp-separator--half-size aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> <div class="upPromotionalBanner component up-promotional-banner--left-align up-promotional-banner--stack-items-reverse aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="up-promotional-banner up-promotional-banner--media" data-up-is="promotional-banner" data-analytics-category="Promotional Banner"> <div class="up-promotional-banner__content"> <p class="up-promotional-banner__content-heading" role="heading" aria-level="2" data-analytics-label> Voices from the field: CSO </p> <div class="up-promotional-banner__content-description" data-analytics-text-click> <p> </p> <p>Watch chief sustainability officers of leading organizations talk about how they drive sustainability goals forward.</p> </div> </div> <div class="up-promotional-banner__media"> <div data-up-show-captions="true" data-up-is="video" data-up-analytics="video" data-up-player-id="By4LoE6k7" data-up-account-id="1066292269001" data-up-main-video-id="6362112312112" class="up-video"> <video-js class="up-video__video" data-up-hook-video="videojs" controls data-embed="default"> </video-js> <div class="up-video__video-title" data-up-hook-video="videoTitle"></div> <script src="https://players.brightcove.net/1066292269001/By4LoE6k7_default/index.min.js"></script> </div> </div> </div> </div> <div class="separator cmp-separator--horizontal-rule cmp-separator--half-size aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-582f675cc5":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:47Z","xdm:text":"<h3><span class=\"copy-block\">CFO perspective</span></h3>\r\n<p><span class=\"copy-block\">Focused on delivering financial performance, the CFO works to ensure the defensibility of sustainability investments. At the same time, the CFO monitors the company’s competitive position, including its sustainability dimension. The role speaks to both the Board and the market on performance and addresses risk in the organization.</span></p>\r\n<p><span class=\"copy-block\">Stockland’s Harrop sees her role as CFO as “providing a bit of challenge to what's being put forward by the sustainability team, almost as a go-between from the Board to the sustainability team. I have to be conscious of what's happening in the organization, but I'm also conscious of how we explain things externally. So, there's a healthy tension in diving deep with the sustainability team, really getting to the heart of what we're doing and understanding the impact on our financials.”</span></p>\r\n<p><span class=\"copy-block\">Harrop adds, ‘“sustainability has changed my role quite significantly. When I am presenting externally and positioning us, I need to have a really, really good understanding of what our sustainability strategy is, which was not happening previously.”</span></p>\r\n<p><span class=\"copy-block\">From the perspective of Absa’s Raju, the CFO “checks and challenges that to make sure that these are meaningful things that actually can make a difference to our stakeholders, and that we actually have influence over in terms of execution and implementation. And that whatever we promise from a sustainability perspective is achievable.”</span></p>\r\n<p><span class=\"copy-block\">“We have to be realistic about investors,” says Dominik Asam of SAP. “They care about money, so you have to make the link between the environmental topic and the money impact.”</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h3><span class="copy-block">CFO perspective</span></h3> <p><span class="copy-block">Focused on delivering financial performance, the CFO works to ensure the defensibility of sustainability investments. At the same time, the CFO monitors the company’s competitive position, including its sustainability dimension. The role speaks to both the Board and the market on performance and addresses risk in the organization.</span></p> <p><span class="copy-block">Stockland’s Harrop sees her role as CFO as “providing a bit of challenge to what's being put forward by the sustainability team, almost as a go-between from the Board to the sustainability team. I have to be conscious of what's happening in the organization, but I'm also conscious of how we explain things externally. So, there's a healthy tension in diving deep with the sustainability team, really getting to the heart of what we're doing and understanding the impact on our financials.”</span></p> <p><span class="copy-block">Harrop adds, ‘“sustainability has changed my role quite significantly. When I am presenting externally and positioning us, I need to have a really, really good understanding of what our sustainability strategy is, which was not happening previously.”</span></p> <p><span class="copy-block">From the perspective of Absa’s Raju, the CFO “checks and challenges that to make sure that these are meaningful things that actually can make a difference to our stakeholders, and that we actually have influence over in terms of execution and implementation. And that whatever we promise from a sustainability perspective is achievable.”</span></p> <p><span class="copy-block">“We have to be realistic about investors,” says Dominik Asam of SAP. “They care about money, so you have to make the link between the environmental topic and the money impact.”</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="anchor parbase aem-GridColumn aem-GridColumn--default--12"> <a class="ey-anchor" id="cfovoice" name="cfovoice"></a> </div> <div class="separator cmp-separator--horizontal-rule cmp-separator--half-size aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> <div class="upPromotionalBanner component up-promotional-banner--left-align up-promotional-banner--stack-items-reverse aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="up-promotional-banner up-promotional-banner--media" data-up-is="promotional-banner" data-analytics-category="Promotional Banner"> <div class="up-promotional-banner__content"> <p class="up-promotional-banner__content-heading" role="heading" aria-level="2" data-analytics-label> Voices from the field: CFO </p> <div class="up-promotional-banner__content-description" data-analytics-text-click> <p> </p> <p>Watch chief financial officers of leading organizations talk about the integration of sustainability into finance.</p> </div> </div> <div class="up-promotional-banner__media"> <div data-up-show-captions="true" data-up-is="video" data-up-analytics="video" data-up-player-id="By4LoE6k7" data-up-account-id="1066292269001" data-up-main-video-id="6362110708112" class="up-video"> <video-js class="up-video__video" data-up-hook-video="videojs" controls data-embed="default"> </video-js> <div class="up-video__video-title" data-up-hook-video="videoTitle"></div> <script src="https://players.brightcove.net/1066292269001/By4LoE6k7_default/index.min.js"></script> </div> </div> </div> </div> <div class="separator cmp-separator--horizontal-rule cmp-separator--half-size aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-bee000674a":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:47Z","xdm:text":"<h3><span class=\"copy-block\">Board perspective</span><br>\r\n</h3>\r\n<p><span class=\"copy-block\">The Board stewards a long-term sustainable business by protecting purpose and challenging the organization’s ambition. Answering to shareholders and stakeholders, the Board holds the CEO accountable.</span></p>\r\n<p><span class=\"copy-block\">“The Board's role is to set the direction of travel, the framework, and then challenge the CEO, CFO and CSO to construct the pathway to develop the detail,” says Ihron Rensburg, Board Director for Absa. “This is not a tick box exercise. It can't be – the stakes are far too high. It must be transformational in the sense that we are reimagining the corporate as a responsible social actor. It's impossible to imagine achieving this without a CSO.”</span></p>\r\n<p><span class=\"copy-block\">“The Board, sitting over the top, provides an outsider view,” notes Harrop of Stockland. Positioning and disclosure items are really what the Board is focused on. While they are very keen to understand the strategy itself and what that means for us, their lens is much more of a “How is this going to land?”</span></p>\r\n<p><span class=\"copy-block\">“The most common thing I've heard on this from the Board is: Will we be leaders in the space we want to be in? From a positioning perspective and from a brand perspective, is the goal reflective of our aspirations?” says Mahindra’s CFO, Manoj Bhat.</span></p>\r\n<p><span class=\"copy-block\">The Board plays an essential role in making this sustainability trifecta work effectively by ensuring that all three roles operate with a common purpose.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h3><span class="copy-block">Board perspective</span><br /> </h3> <p><span class="copy-block">The Board stewards a long-term sustainable business by protecting purpose and challenging the organization’s ambition. Answering to shareholders and stakeholders, the Board holds the CEO accountable.</span></p> <p><span class="copy-block">“The Board's role is to set the direction of travel, the framework, and then challenge the CEO, CFO and CSO to construct the pathway to develop the detail,” says Ihron Rensburg, Board Director for Absa. “This is not a tick box exercise. It can't be – the stakes are far too high. It must be transformational in the sense that we are reimagining the corporate as a responsible social actor. It's impossible to imagine achieving this without a CSO.”</span></p> <p><span class="copy-block">“The Board, sitting over the top, provides an outsider view,” notes Harrop of Stockland. Positioning and disclosure items are really what the Board is focused on. While they are very keen to understand the strategy itself and what that means for us, their lens is much more of a “How is this going to land?”</span></p> <p><span class="copy-block">“The most common thing I've heard on this from the Board is: Will we be leaders in the space we want to be in? From a positioning perspective and from a brand perspective, is the goal reflective of our aspirations?” says Mahindra’s CFO, Manoj Bhat.</span></p> <p><span class="copy-block">The Board plays an essential role in making this sustainability trifecta work effectively by ensuring that all three roles operate with a common purpose.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="anchor parbase aem-GridColumn aem-GridColumn--default--12"> <a class="ey-anchor" id="boardvoice" name="boardvoice"></a> </div> <div class="separator cmp-separator--horizontal-rule cmp-separator--half-size aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> <div class="upPromotionalBanner component up-promotional-banner--left-align up-promotional-banner--stack-items-reverse aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="up-promotional-banner up-promotional-banner--media" data-up-is="promotional-banner" data-analytics-category="Promotional Banner"> <div class="up-promotional-banner__content"> <p class="up-promotional-banner__content-heading" role="heading" aria-level="2" data-analytics-label> Voices from the field: Board Director </p> <div class="up-promotional-banner__content-description" data-analytics-text-click> <p> </p> <p>Watch board directors of leading organizations explain how they are bridging the sustainability ambition-action gap.</p> </div> </div> <div class="up-promotional-banner__media"> <div data-up-show-captions="true" data-up-is="video" data-up-analytics="video" data-up-player-id="By4LoE6k7" data-up-account-id="1066292269001" data-up-main-video-id="6362108159112" class="up-video"> <video-js class="up-video__video" data-up-hook-video="videojs" controls data-embed="default"> </video-js> <div class="up-video__video-title" data-up-hook-video="videoTitle"></div> <script src="https://players.brightcove.net/1066292269001/By4LoE6k7_default/index.min.js"></script> </div> </div> </div> </div> <div class="separator cmp-separator--horizontal-rule cmp-separator--half-size aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> <div class="separator cmp-separator--half-size aem-GridColumn aem-GridColumn--default--12"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> <div class="container responsivegrid theme-dark cmp-container--theme-dark cmp-container--background-color-e2e aem-GridColumn aem-GridColumn--default--12"> <div id="container-2d15734f15" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="separator aem-GridColumn aem-GridColumn--default--12"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule"/> </div></div> <div class="rich-text text aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-9613d26360":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:48Z","xdm:text":"<h4 style=\"text-align: center;\"><span class=\"copy-block\">84% of highly resilient boards agree that their company should address ESG issues, even if doing so reduces short-term financial performance.</span></h4>\r\n<h6 style=\"text-align: center;\"><span class=\"gen-copy-block\">2023 EY Global Board Risk Survey</span></h6>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4 style=" text-align: center; "><span class="copy-block">84% of highly resilient boards agree that their company should address ESG issues, even if doing so reduces short-term financial performance.</span></h4> <h6 style=" text-align: center; "><span class="gen-copy-block">2023 EY Global Board Risk Survey</span></h6> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="separator cmp-separator--half-size aem-GridColumn aem-GridColumn--default--12"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-25c7823b45":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:48Z","xdm:text":"<h4><span class=\"copy-block\">A common language</span></h4>\r\n<p><span class=\"copy-block\">It is important to understand the lens that the others apply to sustainability, what success means in their terms, and speak a common language.</span></p>\r\n<p><span class=\"copy-block\">eBay’s Morin shares that “one of the challenges that CSOs face is translating concepts and value into business language, because that's what the CFO speaks. We have to step back as CSO professionals and realize this is not the world that a CFO lives in day in, day out. And that's what the Board ultimately wants to hear in a much more condensed version.”</span></p>\r\n<p><span class=\"copy-block\">Ultimately, understanding and empathy come down to human fundamentals. “Relationships are key,” says Morin. “Make sure that you have strong relationships in the sense that it's not a once-a-year thing, or it's not just a once-a-year email. There's actual dialogue happening, especially between the CSO and the CFO.”</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4><span class="copy-block">A common language</span></h4> <p><span class="copy-block">It is important to understand the lens that the others apply to sustainability, what success means in their terms, and speak a common language.</span></p> <p><span class="copy-block">eBay’s Morin shares that “one of the challenges that CSOs face is translating concepts and value into business language, because that's what the CFO speaks. We have to step back as CSO professionals and realize this is not the world that a CFO lives in day in, day out. And that's what the Board ultimately wants to hear in a much more condensed version.”</span></p> <p><span class="copy-block">Ultimately, understanding and empathy come down to human fundamentals. “Relationships are key,” says Morin. “Make sure that you have strong relationships in the sense that it's not a once-a-year thing, or it's not just a once-a-year email. There's actual dialogue happening, especially between the CSO and the CFO.”</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="upAccordion component aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div id="accordion-ddd0501039" class="up-accordion" data-up-is="accordion" data-up-single-expansion data-placeholder-text="false"> <ul class="up-accordion__list"> <li data-up-hook-accordion="[items]" id="accordion-ddd0501039-item-91aeee0ef0" class="up-accordion__item"> <h3 class="up-accordion__header"> <button id="accordion-ddd0501039-item-91aeee0ef0-button" class="up-accordion__header-button" aria-controls="accordion-ddd0501039-item-91aeee0ef0-panel" aria-expanded="false" data-up-hook-accordion="[buttons]"> <span class="up-accordion__header-button-title">GenAI listening reveals differences by role</span> <span class="up-accordion__header-button-icon"> </span> </button> </h3> <div data-up-hook-accordion="[panels]" id="accordion-ddd0501039-item-91aeee0ef0-panel" class="up-accordion__panel" role="region" aria-labelledby="accordion-ddd0501039-item-91aeee0ef0-button" aria-hidden="true" inert><div class="container responsivegrid"> <div id="container-91aeee0ef0" class="cmp-container"> <div class="aem-Grid aem-Grid--8 aem-Grid--default--8 "> <div class="rich-text text aem-GridColumn aem-GridColumn--default--8"><div data-cmp-data-layer="{"rich-text-6d0841405e":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:48Z","xdm:text":"<p><span class=\"copy-block\">Using an EY proprietary large language model (LLM), we analyzed the 18 long interview transcripts by role to see whether, indeed, there were differences in the ‘languages’ or focus areas of those roles. The findings are only directional because each interviewee was responding to questions put to them. However, the results do reveal some interesting differences in emphasis.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block">Using an EY proprietary large language model (LLM), we analyzed the 18 long interview transcripts by role to see whether, indeed, there were differences in the ‘languages’ or focus areas of those roles. The findings are only directional because each interviewee was responding to questions put to them. However, the results do reveal some interesting differences in emphasis.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="upHtmlApp component aem-GridColumn aem-GridColumn--default--8"><div data-up-is="html-app" class="up-html-app"> <div class="flourish-embed flourish-cards" data-src="visualisation/19220203?1748157"><script src="https://public.flourish.studio/resources/embed.js"></script></div> </div> </div> <div class="upArticleReference component aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--0"><span class="up-article-reference" data-up-is="article-reference" data-up-analytics="article-reference" data-analytics-page-title="How boards bridge the sustainability ambition-action gap | EY - UK" data-up-is-expanded="false"> <button id="article-reference-heading" class="up-article-reference__heading" data-up-hook-article-reference="heading" aria-controls="article-reference-content" aria-expanded="false" role="button"> <span class="up-article-reference__heading-opened">Open image description </span> <span class="up-article-reference__heading-closed">Close image description </span> </button> <div id="article-reference-content" class="up-article-reference__content" data-up-hook-article-reference="content" role="region" aria-labelledby="article-reference-heading" aria-hidden="true" inert> <span>This chart shows conversation themes and their percentage of interview conversation time by role.</span> </div> </span> <br/> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--8"><div data-cmp-data-layer="{"rich-text-b11d07c958":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:48Z","xdm:text":"<p><span class=\"copy-block\">Board members were significantly more likely to discuss employee engagement and the opportunities and importance of using technology to drive innovative solutions than either CFOs or CSOs. Both CFOs and CSOs have a strong emphasis on the importance of investment and value creation, no doubt because these are key levers of change. Board members spoke less about risk management or stakeholder engagement than their C-suite colleagues, and while everyone in the trifecta was aware of the importance of integrating sustainability into the company’s broader strategy, this was more of a priority for CSOs than others.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block">Board members were significantly more likely to discuss employee engagement and the opportunities and importance of using technology to drive innovative solutions than either CFOs or CSOs. Both CFOs and CSOs have a strong emphasis on the importance of investment and value creation, no doubt because these are key levers of change. Board members spoke less about risk management or stakeholder engagement than their C-suite colleagues, and while everyone in the trifecta was aware of the importance of integrating sustainability into the company’s broader strategy, this was more of a priority for CSOs than others.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> </div> </div> </li> </ul> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-e7db5208e3":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:48Z","xdm:text":"<h4><span class=\"copy-block\">Listen reflectively</span></h4>\r\n<p><span class=\"copy-block\">Working hard to arrive at a common language born from intentional listening can accelerate progress in achieving common goals. Abanti Sankaranarayanan, Mahindra’s Group Executive board member overseeing sustainability, says she connects with “particular board members regularly to use them as a sounding board.&quot; Similarly, Asahi’s Kondo says, “when we listen to the feedback from the board members with a wider range of backgrounds, we often learn new perspectives.” Jennifer Li, supervisory board member at SAP agrees: “having senior management engage the Board might provide a perspective that could be a paradigm shift and help the organization take the next leap into sustainability achievements.”</span></p>\r\n<p><span class=\"copy-block\">Empathy and listening can’t stop at C-suite or even the boundaries of the organization. “It's important to include a wide range of perspectives, such as various department members, a wider range of people with different age groups, including younger people and external stakeholders who make up our ecosystem,” says Asahi’s Sakita “doing so provides us with stronger, more nourishing foundations from which to generate new initiatives and value for society.”</span></p>\r\n<p><span class=\"copy-block\">Stevens, of Stockland, shares the powerful impact of taking a listening approach with Indigenous stakeholders: “When we first engaged with First Nations people I’ll admit we used to go out with a set of PowerPoint slides. We’ve come a long way since then and the reality now is very much to listen and receive – which is the heart of reconciliation in the Australian context. The depth of emotion and creativity that results is quite staggering.”&nbsp;</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4><span class="copy-block">Listen reflectively</span></h4> <p><span class="copy-block">Working hard to arrive at a common language born from intentional listening can accelerate progress in achieving common goals. Abanti Sankaranarayanan, Mahindra’s Group Executive board member overseeing sustainability, says she connects with “particular board members regularly to use them as a sounding board." Similarly, Asahi’s Kondo says, “when we listen to the feedback from the board members with a wider range of backgrounds, we often learn new perspectives.” Jennifer Li, supervisory board member at SAP agrees: “having senior management engage the Board might provide a perspective that could be a paradigm shift and help the organization take the next leap into sustainability achievements.”</span></p> <p><span class="copy-block">Empathy and listening can’t stop at C-suite or even the boundaries of the organization. “It's important to include a wide range of perspectives, such as various department members, a wider range of people with different age groups, including younger people and external stakeholders who make up our ecosystem,” says Asahi’s Sakita “doing so provides us with stronger, more nourishing foundations from which to generate new initiatives and value for society.”</span></p> <p><span class="copy-block">Stevens, of Stockland, shares the powerful impact of taking a listening approach with Indigenous stakeholders: “When we first engaged with First Nations people I’ll admit we used to go out with a set of PowerPoint slides. We’ve come a long way since then and the reality now is very much to listen and receive – which is the heart of reconciliation in the Australian context. The depth of emotion and creativity that results is quite staggering.” </span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="chapter-breaker aem-GridColumn aem-GridColumn--default--12"> <div class="up-chapter-breaker up-chapter-breaker---with-image up-chapter-breaker--bothleft up-chapter-breaker--article" id="chapter-breaker-e68faf2cd7"> <div class="up-chapter-breaker__img"> <div class="up-image " data-up-is="image"> <div class="up-image__image" data-up-hook-image="[image]" data-aspect-ratio="1.5" style="--up-image-focal-x: 50%; --up-image-focal-y: 50%"> <div data-cmp-is="image" data-cmp-widths="100,200,300,400,500,600,700,800,900,1000,1100,1200,1600,1800,2000,2400,2700,3000,3300,3600,3840" data-cmp-src="/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width={width}" data-asset-id="98e46116-f9b1-4ba8-82d5-e0a10dbd88c4" data-cmp-filereference="/content/dam/ey-unified-site/ey-com/en-gl/campaigns/board-matters/images/ey-leshan-giant-buddha-bridge.jpg" id="image-render-e7670e2185" data-cmp-data-layer="{"image-render-e7670e2185":{"@type":"ey-unified-site/components/up-image/image-render","repo:modifyDate":"2024-10-08T08:20:48Z","image":{"repo:id":"98e46116-f9b1-4ba8-82d5-e0a10dbd88c4","repo:modifyDate":"2024-09-12T11:17:13Z","@type":"image/jpeg","repo:path":"/content/dam/ey-unified-site/ey-com/en-gl/campaigns/board-matters/images/ey-leshan-giant-buddha-bridge.jpg"}}}" data-cmp-hook-image="imageV3" class="cmp-image" itemscope itemtype="http://schema.org/ImageObject"> <img src="/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true" srcset="/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=100 100w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=200 200w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=300 300w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=400 400w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=500 500w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=600 600w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=700 700w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=800 800w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=900 900w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=1000 1000w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=1100 1100w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=1200 1200w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=1600 1600w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=1800 1800w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=2000 2000w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=2400 2400w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=2700 2700w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=3000 3000w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=3300 3300w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=3600 3600w,/adobe/dynamicmedia/deliver/dm-aid--98e46116-f9b1-4ba8-82d5-e0a10dbd88c4/ey-leshan-giant-buddha-bridge.jpg?quality=85&preferwebp=true&width=3840 3840w" loading="lazy" class="cmp-image__image" itemprop="contentUrl" width="3840" height="2560" alt="Leshan Giant Buddha bridge"/> </div> </div> </div> </div> <div class="up-chapter-breaker__gradient"></div> <div class="up-chapter-breaker__number-container"> <span class="up-chapter-breaker__number">3</span> </div> <div class="up-chapter-breaker__content-grid"> <div class="up-chapter-breaker__content"> <p class="up-chapter-breaker__label"> Chapter 3 </p> <h2 class="up-chapter-breaker__title">Numbers are important, but so is authentic storytelling</h2> <p class="up-chapter-breaker__subtitle">Beyond the numbers: craft a human-centered narrative that aligns purpose with business strategy, inspiring action at all levels.</p> </div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-6a79a0966d":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:48Z","xdm:text":"<p><span class=\"copy-block\">Sustainability must make sense commercially and meet the test of a successful business case, but numbers alone rarely change minds or move hearts. As with other corporate transformations, sustainable business transformation needs to be human-centered and inspiring to mobilize the organization and stakeholders. “It's not just about numbers, goals and progress, it's the why.” says eBay’s Morin. Effective storytelling becomes central, not just the right stories, but also the language they’re told in.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block">Sustainability must make sense commercially and meet the test of a successful business case, but numbers alone rarely change minds or move hearts. As with other corporate transformations, sustainable business transformation needs to be human-centered and inspiring to mobilize the organization and stakeholders. “It's not just about numbers, goals and progress, it's the why.” says eBay’s Morin. Effective storytelling becomes central, not just the right stories, but also the language they’re told in.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="inlinequote aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="cmp-inlineQuote"> <div class="cmp-inlineQuote__content"> <blockquote class="cmp-inlineQuote__quote">It's not just about numbers, goals and progress, it's the why</blockquote> <div class="cmp-inlineQuote__metadata"> <p class="cmp-inlineQuote__quotee-name">Renee Morin</p> <p class="cmp-inlineQuote__quotee-job">Chief Sustainability Officer, eBay</p> </div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-ecdb1048fb":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:48Z","xdm:text":"<h4><span class=\"copy-block\">Purpose provides a foundation</span><br>\r\n</h4>\r\n<p><span class=\"copy-block\">Purpose provides the foundational story for sustainability, the organization’s ‘why’. “If you have a purpose, then you can rally your team and the company together to solve problems. Because setting goals by themselves without purpose is meaningless,” says Li, of SAP.</span></p>\r\n<p><span class=\"copy-block\">Mahindra’s ‘Together we rise’ purpose has been instrumental in enabling progress on sustainability. “I think the fact that we have a philosophy that is about helping our communities rise is what makes the business naturally absorb and execute sustainability strategies,” says Sankaranarayanan.</span></p>\r\n<p><span class=\"copy-block\">Stevens, of Stockland’s board, notes that the organization doesn’t need to have a large sustainability team because purpose steers the company: “When you have a purpose that says we believe there's a better way to live, sustainability locks hand-in-hand with that purpose and everybody is involved in executing and pursuing that purpose on behalf of our customers, our stakeholders and our investors.”<br>\r\n</span></p>\r\n<h4><span class=\"copy-block\">Share a view of the future and the stakes</span></h4>\r\n<p><span class=\"copy-block\">A future-back vision helps frame strategy and investments and the story behind them. Work back from the preferable future, given different scenarios. Focus on short-term performance but keep a medium and long-term view.&nbsp;</span></p>\r\n<p><span class=\"copy-block\">“When we consider the future in 30 to 50 years, we need to be sensitive about what kind of environmental change it would cause. And based on that perspective, we conduct back casting to define the risks and opportunities” says Asahi’s Sakita.&nbsp;</span></p>\r\n<p><span class=\"copy-block\">Tanimura, on Asahi’s board, adds: “To be honest, it's not easy to prove upfront that our goals are achievable as it takes time to conduct long-term investments. That's why it's important to provide the story of how these can help solve social issues and business problems.”</span></p>\r\n<p><span class=\"copy-block\">Understanding the stakes in sustainability can help reframe how teams view their role and purpose. That’s what happened at Stockland, says Stevens: “We’re getting into nature and what biodiversity means, nature-positive climate transition, respecting the land as a curator of the land and a custodian rather than just an owner and a developer, that's how deep it is.”</span></p>\r\n<h4><span class=\"copy-block\">Be an authentic, multilingual storyteller</span></h4>\r\n<p><span class=\"copy-block\">CSOs must be fluent in ‘multilingual’ storytelling – speaking the language of the CFO, the Board, investors, and other stakeholders. “The stark realization for me that is that the role also is about change management and the criticality of taking people along with you,” says Absa’s Modise.</span></p>\r\n<p><span class=\"copy-block\">Morin of eBay advises: “Don't forget the storytelling, especially when you're at that board level. How are you going to make them want to actually understand and think and pay attention to what you're speaking about? And it can't just be charts and numbers.”</span></p>\r\n<p><span class=\"copy-block\">CFOs, too, need to find the right language for critical audiences. “For every number we report, I, as a CFO, should be able to explain to my investors why that matters to you and why it matters to the society,” says SAP’s Asam.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4><span class="copy-block">Purpose provides a foundation</span><br /> </h4> <p><span class="copy-block">Purpose provides the foundational story for sustainability, the organization’s ‘why’. “If you have a purpose, then you can rally your team and the company together to solve problems. Because setting goals by themselves without purpose is meaningless,” says Li, of SAP.</span></p> <p><span class="copy-block">Mahindra’s ‘Together we rise’ purpose has been instrumental in enabling progress on sustainability. “I think the fact that we have a philosophy that is about helping our communities rise is what makes the business naturally absorb and execute sustainability strategies,” says Sankaranarayanan.</span></p> <p><span class="copy-block">Stevens, of Stockland’s board, notes that the organization doesn’t need to have a large sustainability team because purpose steers the company: “When you have a purpose that says we believe there's a better way to live, sustainability locks hand-in-hand with that purpose and everybody is involved in executing and pursuing that purpose on behalf of our customers, our stakeholders and our investors.”<br /> </span></p> <h4><span class="copy-block">Share a view of the future and the stakes</span></h4> <p><span class="copy-block">A future-back vision helps frame strategy and investments and the story behind them. Work back from the preferable future, given different scenarios. Focus on short-term performance but keep a medium and long-term view. </span></p> <p><span class="copy-block">“When we consider the future in 30 to 50 years, we need to be sensitive about what kind of environmental change it would cause. And based on that perspective, we conduct back casting to define the risks and opportunities” says Asahi’s Sakita. </span></p> <p><span class="copy-block">Tanimura, on Asahi’s board, adds: “To be honest, it's not easy to prove upfront that our goals are achievable as it takes time to conduct long-term investments. That's why it's important to provide the story of how these can help solve social issues and business problems.”</span></p> <p><span class="copy-block">Understanding the stakes in sustainability can help reframe how teams view their role and purpose. That’s what happened at Stockland, says Stevens: “We’re getting into nature and what biodiversity means, nature-positive climate transition, respecting the land as a curator of the land and a custodian rather than just an owner and a developer, that's how deep it is.”</span></p> <h4><span class="copy-block">Be an authentic, multilingual storyteller</span></h4> <p><span class="copy-block">CSOs must be fluent in ‘multilingual’ storytelling – speaking the language of the CFO, the Board, investors, and other stakeholders. “The stark realization for me that is that the role also is about change management and the criticality of taking people along with you,” says Absa’s Modise.</span></p> <p><span class="copy-block">Morin of eBay advises: “Don't forget the storytelling, especially when you're at that board level. How are you going to make them want to actually understand and think and pay attention to what you're speaking about? And it can't just be charts and numbers.”</span></p> <p><span class="copy-block">CFOs, too, need to find the right language for critical audiences. “For every number we report, I, as a CFO, should be able to explain to my investors why that matters to you and why it matters to the society,” says SAP’s Asam.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="inlinefigurestrip aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="inline-figure-strip" data-final-number="73%"> <div class="aem-Grid aem-Grid--12 inline-figure-strip-flex"> <div class="cmp-inline-figure-strip-wrapper"> <div class="cmp-inline-figure__label"> <span class="up-cmp-inline-figure__label-text">Transformations with humans at center can double your success </span> </div> <div class="cmp-inline-figure__figures" aria-hidden="true">73%</div> <div><span class="cmp-inline-figure__context">chance of a successful transformation outcome if human-centered drivers were adopted, 2.6 times more than if those drivers were not adopted.</span></div> </div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-168e5bb729":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:48Z","xdm:text":"<h6><span class=\"gen-copy-block\">Source:&nbsp;Research by EY and the University of Oxford Saïd Business School, <a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/consulting/how-transformations-with-humans-at-the-center-can-double-your-success.html\"><u>The Future of transformation is human</u></a></span></h6>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h6><span class="gen-copy-block">Source: Research by EY and the University of Oxford Saïd Business School, <a href="/en_uk/insights/consulting/how-transformations-with-humans-at-the-center-can-double-your-success"><u>The Future of transformation is human</u></a></span></h6> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="chapter-breaker aem-GridColumn aem-GridColumn--default--12"> <div class="up-chapter-breaker up-chapter-breaker---with-image up-chapter-breaker--bothleft up-chapter-breaker--article" id="chapter-breaker-5b2cca4f3e"> <div class="up-chapter-breaker__img"> <div class="up-image " data-up-is="image"> <div class="up-image__image" data-up-hook-image="[image]" data-aspect-ratio="1.5" style="--up-image-focal-x: 50%; --up-image-focal-y: 50%"> <div data-cmp-is="image" data-cmp-widths="100,200,300,400,500,600,700,800,900,1000,1100,1200,1600,1800,2000,2400,2700,3000,3300,3600,3840" data-cmp-src="/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width={width}" data-asset-id="b58d9dea-1a33-4665-a983-f5e6d3aae6ea" data-cmp-filereference="/content/dam/ey-unified-site/ey-com/en-gl/campaigns/board-matters/images/ey-green-bridge-for-wildlife-crossing.jpg" id="image-render-c5c62c26a7" data-cmp-data-layer="{"image-render-c5c62c26a7":{"@type":"ey-unified-site/components/up-image/image-render","repo:modifyDate":"2024-10-08T08:20:48Z","image":{"repo:id":"b58d9dea-1a33-4665-a983-f5e6d3aae6ea","repo:modifyDate":"2024-09-12T10:12:40Z","@type":"image/jpeg","repo:path":"/content/dam/ey-unified-site/ey-com/en-gl/campaigns/board-matters/images/ey-green-bridge-for-wildlife-crossing.jpg"}}}" data-cmp-hook-image="imageV3" class="cmp-image" itemscope itemtype="http://schema.org/ImageObject"> <img src="/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true" srcset="/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=100 100w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=200 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800w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=900 900w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=1000 1000w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=1100 1100w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=1200 1200w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=1600 1600w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=1800 1800w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=2000 2000w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=2400 2400w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=2700 2700w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=3000 3000w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=3300 3300w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=3600 3600w,/adobe/dynamicmedia/deliver/dm-aid--b58d9dea-1a33-4665-a983-f5e6d3aae6ea/ey-green-bridge-for-wildlife-crossing.jpg?quality=85&preferwebp=true&width=3840 3840w" loading="lazy" class="cmp-image__image" itemprop="contentUrl" width="3840" height="2560" alt="Wildlife crossing"/> </div> </div> </div> </div> <div class="up-chapter-breaker__gradient"></div> <div class="up-chapter-breaker__number-container"> <span class="up-chapter-breaker__number">4</span> </div> <div class="up-chapter-breaker__content-grid"> <div class="up-chapter-breaker__content"> <p class="up-chapter-breaker__label"> Chapter 4 </p> <h2 class="up-chapter-breaker__title">Bigger is not always better</h2> <p class="up-chapter-breaker__subtitle">Realizing ambitions: leaders navigate complex challenges to accelerate sustainability, aligning deeply with core values.</p> </div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-c5a51cb03a":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:48Z","xdm:text":"<p><span class=\"copy-block\">Sustainability leadership today means delivering on commitments. As easy wins become scarcer, progress depends on deeper and oftentimes more capital-intensive and systemic change. Geopolitical tensions, global policy uncertainty, economic headwinds and the need for systemic change only add to the delivery challenge.<a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/sustainability/how-can-we-accelerate-climate-action.html\"></a></span></p>\r\n<p><span class=\"copy-block\">The <a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/sustainability/how-can-we-accelerate-climate-action.html\">EY Sustainable Value Study</a> shows that many organizations are responding by pushing back their commitment dates significantly, with the median deadline moving back 14 years from 2036 to 2050.</span></p>\r\n<p><span class=\"copy-block\">The leaders in this study have each found a way forward, focused on the impact they can and need to have based on the unique imperatives of their businesses. For Stockland, for example, greater impact comes not by expanding their commitments but accelerating the delivery of their existing ones. “Go faster because this is working,” is how Stevens describes Stockland’s approach. “The benefits are great. It's not ‘do more’, it's do what we're doing and do it earlier. This is a game changer for us.”</span></p>\r\n<h4><span class=\"copy-block\">Align to the core business</span></h4>\r\n<p><span class=\"copy-block\">Impact also depends on aligning sustainability initiatives to the core value drivers of the business. “It has to be very closely linked to the business that we naturally do, then converting that natural business activity into a set of real commitments and metrics,” says Absa’s Raju. “The minute it's not linked I would question the execution ability around something like that.”</span></p>\r\n<p><span class=\"copy-block\">When you achieve this alignment it drives value, observes Steve Priest of eBay “You do get a really great return on the investment, because guess what, when you do the right thing on the platform, when you invest in the right areas, it creates momentum and stability, and customers continue to come back.”<br>\r\n</span></p>\r\n<h4><span class=\"copy-block\">Accelerate with technology</span></h4>\r\n<p><span class=\"copy-block\">Technology will be a critical accelerator for delivering on climate commitments. Indeed, the <a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/sustainability/how-can-we-accelerate-climate-action.html\">EY Sustainable Value Study</a> shows that 66% of CSOs say that they are investing in-house to develop new climate-related technology. The majority of study participants (63%) also said that advances in artificial intelligence (AI) have significant potential to optimize their supply chains and reduce carbon emissions.</span></p>\r\n<p><span class=\"copy-block\">‘AI will change the way we do business, making more impact than the internet. The technology is a huge paradigm shifter when it comes to productivity improvement, quality of life, and I think AI will also play a huge role in sustainability,’ says Li of SAP. The broad business and sustainability impacts of AI underscore the need to involve the whole leadership team, including CIOs and CTOs, in delivering a sustainable business strategy.</span></p>\r\n<p><span class=\"copy-block\">As discussed in <a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/sustainability/how-can-ai-help-us-accelerate-the-pace-of-change-the-world-needs.html\">How can AI help us accelerate the pace of change the world needs?</a>, AI enables business leaders to address the pace, scale and complexity of change and take bold steps on sustainability, but stakeholders must have confidence in AI as an exponential technology for good.</span></p>\r\n<p><span class=\"copy-block\">Addressing the environmental impact of exponential AI energy use by data centers is an immediate stakeholder concern. Schmid, CSO of SAP observes, ‘The energy consumption to cool data centers is immense: the entire IT industry has a clear responsibility for this’.</span></p>\r\n<p><span class=\"copy-block\">However leaders need to address the ethical considerations on the responsible use of AI – clarity on the use of data, by whom and for what purpose, as well as the broader workforce impacts of AI. “In this structural transformation process, there will be winners and losers and how to manage those potential impacts will be a very important task for us,” acknowledges Asam, CFO of SAP.</span></p>\r\n<h4><span class=\"copy-block\">Focus on equity to enable acceleration</span></h4>\r\n<p><span class=\"copy-block\">For organizations in the Global South, such as Absa and Mahindra, sustainability must incorporate both the need to meet the development aspirations of their communities – long-term growth depends on it – while addressing the climate impacts they are disproportionately experiencing. Absa’s Rensburg argues “for a balanced approach that demonstrates a response to the social dimension of these communities who are impoverished and looking for interventions. And on the other hand, a deep concern about our planet about our climate and about the sustainability of humanity in the next 50 to 70 years.”</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block">Sustainability leadership today means delivering on commitments. As easy wins become scarcer, progress depends on deeper and oftentimes more capital-intensive and systemic change. Geopolitical tensions, global policy uncertainty, economic headwinds and the need for systemic change only add to the delivery challenge.<a href="/en_uk/insights/sustainability/how-can-we-accelerate-climate-action"></a></span></p> <p><span class="copy-block">The <a href="/en_uk/insights/sustainability/how-can-we-accelerate-climate-action">EY Sustainable Value Study</a> shows that many organizations are responding by pushing back their commitment dates significantly, with the median deadline moving back 14 years from 2036 to 2050.</span></p> <p><span class="copy-block">The leaders in this study have each found a way forward, focused on the impact they can and need to have based on the unique imperatives of their businesses. For Stockland, for example, greater impact comes not by expanding their commitments but accelerating the delivery of their existing ones. “Go faster because this is working,” is how Stevens describes Stockland’s approach. “The benefits are great. It's not ‘do more’, it's do what we're doing and do it earlier. This is a game changer for us.”</span></p> <h4><span class="copy-block">Align to the core business</span></h4> <p><span class="copy-block">Impact also depends on aligning sustainability initiatives to the core value drivers of the business. “It has to be very closely linked to the business that we naturally do, then converting that natural business activity into a set of real commitments and metrics,” says Absa’s Raju. “The minute it's not linked I would question the execution ability around something like that.”</span></p> <p><span class="copy-block">When you achieve this alignment it drives value, observes Steve Priest of eBay “You do get a really great return on the investment, because guess what, when you do the right thing on the platform, when you invest in the right areas, it creates momentum and stability, and customers continue to come back.”<br /> </span></p> <h4><span class="copy-block">Accelerate with technology</span></h4> <p><span class="copy-block">Technology will be a critical accelerator for delivering on climate commitments. Indeed, the <a href="/en_uk/insights/sustainability/how-can-we-accelerate-climate-action">EY Sustainable Value Study</a> shows that 66% of CSOs say that they are investing in-house to develop new climate-related technology. The majority of study participants (63%) also said that advances in artificial intelligence (AI) have significant potential to optimize their supply chains and reduce carbon emissions.</span></p> <p><span class="copy-block">‘AI will change the way we do business, making more impact than the internet. The technology is a huge paradigm shifter when it comes to productivity improvement, quality of life, and I think AI will also play a huge role in sustainability,’ says Li of SAP. The broad business and sustainability impacts of AI underscore the need to involve the whole leadership team, including CIOs and CTOs, in delivering a sustainable business strategy.</span></p> <p><span class="copy-block">As discussed in <a href="/en_uk/insights/sustainability/how-can-ai-help-us-accelerate-the-pace-of-change-the-world-needs">How can AI help us accelerate the pace of change the world needs?</a>, AI enables business leaders to address the pace, scale and complexity of change and take bold steps on sustainability, but stakeholders must have confidence in AI as an exponential technology for good.</span></p> <p><span class="copy-block">Addressing the environmental impact of exponential AI energy use by data centers is an immediate stakeholder concern. Schmid, CSO of SAP observes, ‘The energy consumption to cool data centers is immense: the entire IT industry has a clear responsibility for this’.</span></p> <p><span class="copy-block">However leaders need to address the ethical considerations on the responsible use of AI – clarity on the use of data, by whom and for what purpose, as well as the broader workforce impacts of AI. “In this structural transformation process, there will be winners and losers and how to manage those potential impacts will be a very important task for us,” acknowledges Asam, CFO of SAP.</span></p> <h4><span class="copy-block">Focus on equity to enable acceleration</span></h4> <p><span class="copy-block">For organizations in the Global South, such as Absa and Mahindra, sustainability must incorporate both the need to meet the development aspirations of their communities – long-term growth depends on it – while addressing the climate impacts they are disproportionately experiencing. Absa’s Rensburg argues “for a balanced approach that demonstrates a response to the social dimension of these communities who are impoverished and looking for interventions. And on the other hand, a deep concern about our planet about our climate and about the sustainability of humanity in the next 50 to 70 years.”</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="inlinequote aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="cmp-inlineQuote"> <div class="cmp-inlineQuote__content"> <blockquote class="cmp-inlineQuote__quote">I think AI will also play a huge role in sustainability.</blockquote> <div class="cmp-inlineQuote__metadata"> <p class="cmp-inlineQuote__quotee-name">Jennifer Li</p> <p class="cmp-inlineQuote__quotee-job">Supervisory board member, SAP</p> </div> </div> </div> </div> <div class="container responsivegrid aem-GridColumn aem-GridColumn--default--12"> <div id="container-b354cff63f" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="chapter-breaker aem-GridColumn aem-GridColumn--default--12"> <div class="up-chapter-breaker up-chapter-breaker---with-image up-chapter-breaker--bothleft up-chapter-breaker--article" id="chapter-breaker-dd1ece93a6"> <div class="up-chapter-breaker__img"> <div class="up-image " data-up-is="image"> <div class="up-image__image" data-up-hook-image="[image]" data-aspect-ratio="1.5" style="--up-image-focal-x: 50%; --up-image-focal-y: 50%"> <div data-cmp-is="image" data-cmp-widths="100,200,300,400,500,600,700,800,900,1000,1100,1200,1600,1800,2000,2400,2700,3000,3300,3600,3840" 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src="/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true" srcset="/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=100 100w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=200 200w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=300 300w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=400 400w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=500 500w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=600 600w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=700 700w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=800 800w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=900 900w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=1000 1000w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=1100 1100w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=1200 1200w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=1600 1600w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=1800 1800w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=2000 2000w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=2400 2400w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=2700 2700w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=3000 3000w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=3300 3300w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=3600 3600w,/adobe/dynamicmedia/deliver/dm-aid--d2d09965-3eec-4921-84d5-77bb94718f2b/ey-bridge-flyover-tianjin-cityscape.jpg?quality=85&preferwebp=true&width=3840 3840w" loading="lazy" class="cmp-image__image" itemprop="contentUrl" width="3840" height="2560" alt="Tianjin Cityscape"/> </div> </div> </div> </div> <div class="up-chapter-breaker__gradient"></div> <div class="up-chapter-breaker__number-container"> <span class="up-chapter-breaker__number">5</span> </div> <div class="up-chapter-breaker__content-grid"> <div class="up-chapter-breaker__content"> <p class="up-chapter-breaker__label"> Chapter 5 </p> <h2 class="up-chapter-breaker__title">The Board action agenda</h2> <p class="up-chapter-breaker__subtitle">Five strategic areas for boards to enhance sustainability</p> </div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-649dfbddf8":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:48Z","xdm:text":"<p><span class=\"copy-block\">Our interviews with these global leaders uncovered five key areas for boards to add to their action agenda to augment and accelerate their organizations’ impact.</span></p>\r\n<h4><span class=\"copy-block\">&nbsp;1.&nbsp;Reimagine the use of technology as an accelerator</span></h4>\r\n<p><span class=\"copy-block\">Step up their role as a challenger to urge management to embrace sustainability as a true business imperative and utilize policy and technology developments to accelerate progress. Support management in prioritizing opportunities to harness AI and disruptive tech while ensuring a tight relationship between operational gains, environmental impacts and ethical considerations.</span></p>\r\n<h4><span class=\"copy-block\">2.&nbsp;Rethink business models</span></h4>\r\n<p><span class=\"copy-block\">Push management to identify opportunities for growth and value creation – driving a bold program of sustainable business transformation. Insist on a more ambitious, strategic approach to the policy and regulatory agenda to move beyond compliance and pinpoint where the company can find a strategic competitive advantage, such as planning for likely <a></a><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/consumer-products/when-talk-turns-into-action-be-set-for-change.html\">scenarios around circularity</a>&nbsp;.&nbsp;In parallel, develop and tell an authentic story to shareholders and stakeholders around short-term repercussions for mid- and long- run scenarios. Weigh the risks of inaction.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <p><span class="copy-block">Our interviews with these global leaders uncovered five key areas for boards to add to their action agenda to augment and accelerate their organizations’ impact.</span></p> <h4><span class="copy-block"> 1. Reimagine the use of technology as an accelerator</span></h4> <p><span class="copy-block">Step up their role as a challenger to urge management to embrace sustainability as a true business imperative and utilize policy and technology developments to accelerate progress. Support management in prioritizing opportunities to harness AI and disruptive tech while ensuring a tight relationship between operational gains, environmental impacts and ethical considerations.</span></p> <h4><span class="copy-block">2. Rethink business models</span></h4> <p><span class="copy-block">Push management to identify opportunities for growth and value creation – driving a bold program of sustainable business transformation. Insist on a more ambitious, strategic approach to the policy and regulatory agenda to move beyond compliance and pinpoint where the company can find a strategic competitive advantage, such as planning for likely <a></a><a href="/en_uk/insights/consumer-products/when-talk-turns-into-action-be-set-for-change">scenarios around circularity</a> . In parallel, develop and tell an authentic story to shareholders and stakeholders around short-term repercussions for mid- and long- run scenarios. Weigh the risks of inaction.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="container responsivegrid theme-light cmp-container--theme-light-grey cmp-container--background-color-e2e aem-GridColumn aem-GridColumn--default--12"> <div id="container-6f1f623c5e" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="separator aem-GridColumn aem-GridColumn--default--12"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule"/> </div></div> <div class="rich-text text aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-8cd12a8b02":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:49Z","xdm:text":"<h4 style=\"text-align: center;\"><span class=\"copy-block\">Less than a quarter (24%) of boards are “completely satisfied” that they have a clear strategic view, backed by credible analysis, of how tackling their material ESG priorities will achieve their value-creating objectives.</span></h4>\r\n<h6 style=\"text-align: center;\"><span class=\"gen-copy-block\">2024 EY Europe Long-Term Value and Corporate Governance Survey</span></h6>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4 style=" text-align: center; "><span class="copy-block">Less than a quarter (24%) of boards are “completely satisfied” that they have a clear strategic view, backed by credible analysis, of how tackling their material ESG priorities will achieve their value-creating objectives.</span></h4> <h6 style=" text-align: center; "><span class="gen-copy-block">2024 EY Europe Long-Term Value and Corporate Governance Survey</span></h6> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="separator cmp-separator--half-size aem-GridColumn aem-GridColumn--default--12"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> </div> </div> </div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-80dd5fb35c":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:49Z","xdm:text":"<h4><span class=\"copy-block\">3.&nbsp;Reframe time horizons and ROI</span></h4>\r\n<p><span class=\"copy-block\">Develop business cases for medium- and long-term investments that meet the simultaneous imperatives of short-term performance and an era that requires major transformation. Get comfortable with uncertainty on time horizons while challenging management to do the math on funding commitments around climate and biodiversity. Consider an internal carbon price across the entire business and ask management to re-run scenarios consistently.&nbsp; Develop clear roadmaps with long time horizons. Crucially, have a clear view of your rationale, grounded in organizational purpose, to support making long-term investments where returns are unclear.</span></p>\r\n<h4><span class=\"copy-block\">4.&nbsp;Expand your ecosystem</span></h4>\r\n<p><span class=\"copy-block\">Cultivate and orchestrate external ecosystem partnerships in a pre-competitive manner with peers, and across your value chain to accelerate sustainability progress and upsides. The <a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/sustainability/how-can-we-accelerate-climate-action.html\">EY Sustainable Value Study</a>&nbsp;research indicates that companies “leading on climate action” have pursued partnerships more actively (96%) to address climate change. Encourage comfort with partnering with competitors to solve problems faced in common – &nbsp;57% of climate leaders partnered with direct competitors in a pre-competitive manner.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4><span class="copy-block">3. Reframe time horizons and ROI</span></h4> <p><span class="copy-block">Develop business cases for medium- and long-term investments that meet the simultaneous imperatives of short-term performance and an era that requires major transformation. Get comfortable with uncertainty on time horizons while challenging management to do the math on funding commitments around climate and biodiversity. Consider an internal carbon price across the entire business and ask management to re-run scenarios consistently. Develop clear roadmaps with long time horizons. Crucially, have a clear view of your rationale, grounded in organizational purpose, to support making long-term investments where returns are unclear.</span></p> <h4><span class="copy-block">4. Expand your ecosystem</span></h4> <p><span class="copy-block">Cultivate and orchestrate external ecosystem partnerships in a pre-competitive manner with peers, and across your value chain to accelerate sustainability progress and upsides. The <a href="/en_uk/insights/sustainability/how-can-we-accelerate-climate-action">EY Sustainable Value Study</a> research indicates that companies “leading on climate action” have pursued partnerships more actively (96%) to address climate change. Encourage comfort with partnering with competitors to solve problems faced in common – 57% of climate leaders partnered with direct competitors in a pre-competitive manner.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="inlinequote aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div class="cmp-inlineQuote"> <div class="cmp-inlineQuote__content"> <blockquote class="cmp-inlineQuote__quote">Some companies naturally will be the trailblazers, and these companies will help enable the other companies to also get on the path to deliver sustainability.</blockquote> <div class="cmp-inlineQuote__metadata"> <p class="cmp-inlineQuote__quotee-name">Jennifer Li</p> <p class="cmp-inlineQuote__quotee-job">Supervisory board member, SAP</p> </div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-981736ee88":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:49Z","xdm:text":"<h4><span class=\"copy-block\">5.&nbsp;Rethink governance</span></h4>\r\n<p><span class=\"copy-block\">Embrace representative stakeholder engagement to truly give the full range of voices (such as nature) a seat at the board table. The Board, and particularly the chair, should consider the following structural builds into the way they govern:</span></p>\r\n<ul>\r\n<li><span class=\"copy-block\">Increase the number, quality and medium of touchpoints between the Board and the CSO as a center of excellence, while establishing board champions for different dimensions of sustainability.&nbsp;</span></li>\r\n<li><span class=\"copy-block\"><a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/long-term-value/europe-corporate-governance-survey-findings.html\">Address internal factors</a>&nbsp;that limit companies’ ability to unlock value from sustainability (e.g., limited board diversity and knowledge of key sustainability issues, siloed or inflexible organization structures, misaligned culture, strategy).&nbsp;</span></li>\r\n<li><span class=\"copy-block\">Fully integrate sustainability issues into board structures and decision-making processes: have sustainability as a <a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/long-term-value/europe-corporate-governance-survey-findings.html\">standing agenda item</a>.</span></li>\r\n<li><span class=\"copy-block\">Insist on executive compensation weighted toward growing sustainable social and environmental value.</span></li>\r\n</ul>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4><span class="copy-block">5. Rethink governance</span></h4> <p><span class="copy-block">Embrace representative stakeholder engagement to truly give the full range of voices (such as nature) a seat at the board table. The Board, and particularly the chair, should consider the following structural builds into the way they govern:</span></p> <ul><li><span class="copy-block">Increase the number, quality and medium of touchpoints between the Board and the CSO as a center of excellence, while establishing board champions for different dimensions of sustainability. </span></li><li><span class="copy-block"><a href="/en_uk/insights/long-term-value/europe-corporate-governance-survey-findings">Address internal factors</a> that limit companies’ ability to unlock value from sustainability (e.g., limited board diversity and knowledge of key sustainability issues, siloed or inflexible organization structures, misaligned culture, strategy). </span></li><li><span class="copy-block">Fully integrate sustainability issues into board structures and decision-making processes: have sustainability as a <a href="/en_uk/insights/long-term-value/europe-corporate-governance-survey-findings">standing agenda item</a>.</span></li><li><span class="copy-block">Insist on executive compensation weighted toward growing sustainable social and environmental value.</span></li></ul> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="container responsivegrid theme-light cmp-container--theme-light-grey cmp-container--background-color-e2e aem-GridColumn aem-GridColumn--default--12"> <div id="container-0ce8a97556" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="separator aem-GridColumn aem-GridColumn--default--12"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule"/> </div></div> <div class="rich-text text aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-283635cfb0":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:49Z","xdm:text":"<h4 style=\"text-align: center;\"><span class=\"copy-block\">Only 7% of directors feel sustainability issues are fully integrated into their board’s structures and decision-making processes.</span></h4>\r\n<h6 style=\"text-align: center;\"><span class=\"gen-copy-block\">2023 EY Europe Long-Term Value and Corporate Governance Survey</span></h6>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4 style=" text-align: center; "><span class="copy-block">Only 7% of directors feel sustainability issues are fully integrated into their board’s structures and decision-making processes.</span></h4> <h6 style=" text-align: center; "><span class="gen-copy-block">2023 EY Europe Long-Term Value and Corporate Governance Survey</span></h6> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="separator cmp-separator--half-size aem-GridColumn aem-GridColumn--default--12"> <div class="cmp-separator"> <hr class="cmp-separator__horizontal-rule" aria-hidden="true" role="none"/> </div></div> </div> </div> </div> <div class="rich-text text aem-GridColumn aem-GridColumn--default--newline aem-GridColumn--default--8 aem-GridColumn--offset--default--2"><div data-cmp-data-layer="{"rich-text-eead239a75":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:49Z","xdm:text":"<h4><span class=\"copy-block\">A final thought</span></h4>\r\n<p><span class=\"copy-block\">Sharon Sutherland, EY Global Center for Board Matters Leader, offers a final thought “Innovators don’t say why, they say why not? Like these leaders who are actively challenging the status quo it's time for us all to stop expending time and energy on why and instead be the visionaries who are committed and passionate to affecting change through collaboration to redefine and rewrite a sustainable future.”</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4><span class="copy-block">A final thought</span></h4> <p><span class="copy-block">Sharon Sutherland, EY Global Center for Board Matters Leader, offers a final thought “Innovators don’t say why, they say why not? Like these leaders who are actively challenging the status quo it's time for us all to stop expending time and energy on why and instead be the visionaries who are committed and passionate to affecting change through collaboration to redefine and rewrite a sustainable future.”</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="upAccordion component aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--8 aem-GridColumn--offset--default--2"> <div id="accordion-8c48fab798" class="up-accordion" data-up-is="accordion" data-up-single-expansion data-placeholder-text="false"> <ul class="up-accordion__list"> <li data-up-hook-accordion="[items]" id="accordion-8c48fab798-item-565082f3cd" class="up-accordion__item"> <h2 class="up-accordion__header"> <button id="accordion-8c48fab798-item-565082f3cd-button" class="up-accordion__header-button" aria-controls="accordion-8c48fab798-item-565082f3cd-panel" aria-expanded="false" data-up-hook-accordion="[buttons]"> <span class="up-accordion__header-button-title">Questions for the Board to consider</span> <span class="up-accordion__header-button-icon"> </span> </button> </h2> <div data-up-hook-accordion="[panels]" id="accordion-8c48fab798-item-565082f3cd-panel" class="up-accordion__panel" role="region" aria-labelledby="accordion-8c48fab798-item-565082f3cd-button" aria-hidden="true" inert><div class="container responsivegrid"> <div id="container-565082f3cd" class="cmp-container"> <div class="aem-Grid aem-Grid--8 aem-Grid--default--8 "> <div class="rich-text text aem-GridColumn aem-GridColumn--default--8"><div data-cmp-data-layer="{"rich-text-3743483591":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:49Z","xdm:text":"<ol>\r\n<li><span class=\"copy-block\"><span data-rte-class=\"rte-temp\">How are you making the most of collaboration across your value chain?&nbsp; What ecosystem partnerships would drive greater impact and how could you design more inclusive decision-making structures that elevate the voices of all stakeholders?</span></span></li>\r\n<li><span class=\"copy-block\">Imagine what your sector would look like in a <a href=\"/content/ey-unified-site/ey-com/local/uk/en_uk/home/insights/climate-change-sustainability-services/regenerative-principles-sustainable-future.html\">regenerative economy</a>, how would your current business model fit?</span></li>\r\n<li><span class=\"copy-block\">How would the Board reorganize itself or <a href=\"https://www.ey.com/en_au/board-matters/board-of-the-future\" target=\"_blank\" rel=\"noopener noreferrer\">embrace alternative governance</a> (via EY Oceania) models to be fit for purpose?</span></li>\r\n<li><span class=\"copy-block\">Is your business sensing and responding to more eco-conscious, experience-based and sharing economy-oriented consumer preferences?Are you considering alternative business models? What other mechanisms would aid the transition?</span></li>\r\n</ol>\r\n<p><span class=\"copy-block\">We look forward to continuing the conversation.</span></p>\r\n<p><span class=\"copy-block\">&nbsp;#Boardmatters</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <ol><li><span class="copy-block"><span data-rte-class="rte-temp">How are you making the most of collaboration across your value chain? What ecosystem partnerships would drive greater impact and how could you design more inclusive decision-making structures that elevate the voices of all stakeholders?</span></span></li><li><span class="copy-block">Imagine what your sector would look like in a <a href="/en_uk/insights/climate-change-sustainability-services/regenerative-principles-sustainable-future">regenerative economy</a>, how would your current business model fit?</span></li><li><span class="copy-block">How would the Board reorganize itself or <a href="https://www.ey.com/en_au/board-matters/board-of-the-future" target="_blank" rel="noopener noreferrer">embrace alternative governance</a> (via EY Oceania) models to be fit for purpose?</span></li><li><span class="copy-block">Is your business sensing and responding to more eco-conscious, experience-based and sharing economy-oriented consumer preferences?Are you considering alternative business models? What other mechanisms would aid the transition?</span></li></ol> <p><span class="copy-block">We look forward to continuing the conversation.</span></p> <p><span class="copy-block"> #Boardmatters</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> </div> </div> </div> </div> </li> </ul> </div> </div> <div class="container responsivegrid cmp-layout-fixedWidth aem-GridColumn aem-GridColumn--default--12"> <div id="container-aa7399fc86" class="cmp-container"> <div class="aem-Grid aem-Grid--12 aem-Grid--default--12 "> <div class="rich-text text aem-GridColumn--default--none aem-GridColumn aem-GridColumn--default--11 aem-GridColumn--offset--default--1"><div data-cmp-data-layer="{"rich-text-d8e7afe91c":{"@type":"ey-unified-site/components/rich-text","repo:modifyDate":"2024-10-08T08:20:49Z","xdm:text":"<h4><span class=\"copy-block\">Summary</span></h4>\r\n<p><span class=\"copy-block\">Boards are tasked with aligning sustainability ambitions with concrete actions, despite facing economic and systemic challenges. To achieve success, it's essential to weave sustainability into the fabric of core business strategies, encourage cross-functional collaboration, and engage in collective efforts that span the entire ecosystem. This integrated approach ensures that sustainability is not just a goal but a driving force for actionable change.</span></p>\r\n"}}" data-up-is="rich-text" data-up-translation-read-more="Read more" data-up-translation-read-less="Read less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> <div class="up-rich-text__container" data-up-hook-rich-text="richTextContainer"> <div class="up-rich-text__container-content" data-up-hook-rich-text="richTextContent"> <h4><span class="copy-block">Summary</span></h4> <p><span class="copy-block">Boards are tasked with aligning sustainability ambitions with concrete actions, despite facing economic and systemic challenges. To achieve success, it's essential to weave sustainability into the fabric of core business strategies, encourage cross-functional collaboration, and engage in collective efforts that span the entire ecosystem. This integrated approach ensures that sustainability is not just a goal but a driving force for actionable change.</span></p> </div> </div> <button class="rich-text__read-more-btn rich-text__button--hidden" data-up-hook-rich-text="richTextReadMoreButton" aria-hidden="true" aria-label="Read more button, press enter to activate, or use Up arrow key to learn more about this content"> Read more </button> <button class="rich-text__read-less-btn" data-up-hook-rich-text="richTextReadLessButton" aria-hidden="true" aria-label="Read less button, press enter to activate, or use Up arrow key to learn more about this content"> Read less </button> </div> </div> <div class="upContentGrid component aem-GridColumn aem-GridColumn--default--12"><div> <div class="up-content-grid up-content-grid--default" id="up-content-grid-84d5c2fce2" data-up-is="content-grid" data-up-analytics="content-grid" data-up-total-item-count="2"> <h2 class="up-content-grid__title">Related articles</h2> <div class="up-content-grid__list" data-up-hook-content-grid="list"> <div class="up-content-grid__list-item " data-up-hook-content-grid="[listItem]"> <a class="up-content-grid__list-item-image-link" aria-hidden="true" href="/en_uk/insights/climate-change-sustainability-services/regenerative-principles-sustainable-future" tabindex="-1"> <img class="up-content-grid__list-item-image" src="/content/dam/ey-unified-site/ey-com/en-gl/insights/climate-change-sustainability-services/images/ey-lynn-canyon-suspension-bridge-static.jpg" srcset="/content/dam/ey-unified-site/ey-com/en-gl/insights/climate-change-sustainability-services/images/ey-lynn-canyon-suspension-bridge-static.jpg.transform/up-img-width-small-screen/img.jpg 1x,/content/dam/ey-unified-site/ey-com/en-gl/insights/climate-change-sustainability-services/images/ey-lynn-canyon-suspension-bridge-static.jpg.transform/up-img-width-large-screen/img.jpg 2x,/content/dam/ey-unified-site/ey-com/en-gl/insights/climate-change-sustainability-services/images/ey-lynn-canyon-suspension-bridge-static.jpg.transform/up-img-width-xlarge-screen/img.jpg 3x" alt="Lynn Canyon Suspension Bridge"/> </a> <div class="up-content-grid__list-item-details"> <p class="up-content-grid__list-item-title"> <a class="up-content-grid__list-item-title-link" href="/en_uk/insights/climate-change-sustainability-services/regenerative-principles-sustainable-future">How can adopting regenerative principles unlock a sustainable future?</a> </p> <p class="up-content-grid__list-item-description"> A sustainable future for all is within reach if we transition urgently toward a regenerative economy founded on five guiding principles. 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<li class="up-authors-and-contributors__author-link-container"> <a class="up-authors-and-contributors__author-link up-authors-and-contributors__analytics-author-link" aria-label="Amy Brachio" href="/en_uk/people/amy-brachio"> <figure class="up-authors-and-contributors__author-link-content"> <div class="up-authors-and-contributors__author-name-container"> Amy Brachio </div> </figure> </a> <div class="up-authors-and-contributors__author-title"> EY Global Vice Chair - Sustainability </div> </li> <li class="up-authors-and-contributors__author-link-container"> <a class="up-authors-and-contributors__author-link up-authors-and-contributors__analytics-author-link" aria-label="Sharon Sutherland" href="/en_uk/people/sharon-sutherland"> <figure class="up-authors-and-contributors__author-link-content"> <div class="up-authors-and-contributors__author-name-container"> Sharon Sutherland </div> </figure> </a> <div class="up-authors-and-contributors__author-title"> EY Global Center for Board Matters 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