As more than a week of activities at the United Nations Conference on Sustainable Development (Rio+20) concluded yesterday, I think everyone who contributed thought leadership, put their and their organization’s support behind conference goals, and supported the sessions should be happy with where the conference ended: that is, happy that change is happening and that we are headed in the right direction, but not, in my opinion, content to think the work is done.
As you know from our messages over the past week, Rio+20 set out to help shape new policies to promote global prosperity, reduce poverty, and advance social equity and environmental protection. Along those lines, those of us who participated in a related conference over the past several days—the Rio+20 Corporate Sustainability Forum (CSF)—had three specific goals in mind:
- Set the stage for further growth for companies engaged in sustainable development
- Demonstrate that many solutions for sustainable development already exist
- Demonstrate concrete, tangible action on a massive scale
Continue reading "Rio+20 demonstrates that we’re “headed in the right direction”" »
Rio is an exciting cosmopolitan city but even this dynamic and festive city received a jolt of activity when 5,000 registrants arrived this week for the much-anticipated United Nations Conference on Sustainable Development (Rio+20). One of my first activities after I arrived was to take part in the “Principles for Responsible Management Education (PRME) Summit” which preceded the official opening of Rio+20.
As many of you know, education is a primary global focus for corporate responsibility at Deloitte, so it was energizing to hear discussions around the future role of business management education in creating the society we all want and deserve. The PRME initiative is a partnership of a number of academic and public sector international organizations that support the notion of business schools having a unique niche at the forefront of innovation for sustainable development. These groups believe that action must be taken now to envision and implement a business education construct that adequately takes sustainability issues and the environment into consideration of how business gets done.
Continue reading "Integrating sustainability and the environment into an effective business education" »
And so it starts! What an especially exciting time to be in Rio de Janeiro! I am here for some of the numerous events being held over the next few days in conjunction with the 20th anniversary of the original Rio summit on the environment held here in 1993. In fact, this week's much-anticipated event has been given the catchy name of "Rio+20," because of this milestone year. The more formal name is the United Nations Global Compact Corporate Sustainability Forum and it kicks off this evening with an opening ceremony and reception.
Continue reading "Ready Set Go! Rio+20 starts" »
The world is quite literally coming together in Rio for a few days 20-22 June to build consensus on a more sustainable course for our planet. The unifying event is the United Nations Conference on Sustainable Development, which has a much more catchy title: Rio+20.
Organized by the United Nations, Rio+20 will enable thousands of government participants as well as many from the private sector—including Deloitte—to play a critical role in creating some innovative business solutions with long-lasting social and environmental impact. A related event being held in Brazil’s second largest city in the days leading up to the UN Conference on Sustainable Development is the Rio+20 Corporate Sustainability Forum, which will focus more on the business contribution to sustainable development. The number “20” is a reference to the years since the 1992 Earth Summit in Rio where many countries rallied for the first time around a blueprint for economic growth that would consider social equity and environmental issues.
Continue reading "Rio+20: Deloitte + Me, Contributing to the global sustainability dialogue" »
The future of renewable energy has been cast into doubt this past year. Natural gas prices have dropped significantly due to new technology that enables formerly uneconomic resources to be reached, creating a lower price bar that renewable energy must meet. The global financial situation has caused many jurisdictions to reduce or eliminate subsidies for renewable power, which has slowed the expansion of projects. Combined with opposition in many regions to the construction of wind turbines, one could wonder if the enthusiasm for renewable energy was an unsustainable short-term phenomenon.
Continue reading "The future of renewable energy" »
Simon Holland, Global Head of Strategic Change & Organizational Transformation, looks at how perceptions of leadership influence stock market analysts
Want a premium rating from financial analysts? Don’t just focus on the bottom line. Think about sustainable leadership
- “A company should not only seek short-term profit, but should always have long-term vision and seek to contribute to society.”
- "I look for senior managers who work collectively well—teams rather than superheroes.”
- "There are many different types of leader, and I wouldn’t ascribe any one trait over another … If I had to name just one, I would say the ability to recognize their own weaknesses and supplement those with other people … Building up the senior leadership team’s confidence allows the strategy to be implemented effectively, and improves the execution.”
- “I don’t view financial performance as that important because I think it is only a result.”
Continue reading "Share and share unalike" »