SUSTAIN 1S03 Lecture Notes - Lecture 5: Chief Sustainability Officer, Natural Capital, Natural Capitalism
29 Jan 2020
School
Department
Course
Professor
Sustainable Focus is beyond environment- incorporate social impact and
community health
Opposing arguments: Decouple environment from the economy and from
the social issues
Chief sustainability officer: integrate sustainability into company operations
Companies have dedicated a sustainability function
Marks and Spencer introduced Plan A
The CSO, working with the main board, will typically focus on two areas of strategic
importance: their
remit will be to explore activities that will make a significant difference to shareholder
value whilst
at the same time reviewing the company’s management of its impacts and risks to
reputation.
The CSO shares a number of parallels with CEOs
Companies that appoint a CSO envisage substantial strategic and commercial
advantage through
their sustainability performance
It makes it clear that the company wants to take sustainability seriously
In the UK
typical CSO salaries are £180 - 350,000 per annum, or $290 - 570,000
Natural capitalism- if the ecosystems were properly valued
- companies most far-sighted will have the edge
Most people overlook the earth’s ecosystems- worth 33 trillion a year according to
Nature
Natural capitalism- 4 major shifts
1st- increase the productivity of natural resources, as much as 100X
Document Summary
Sustainable focus is beyond environment- incorporate social impact and community health. Opposing arguments: decouple environment from the economy and from the social issues. Chief sustainability officer: integrate sustainability into company operations. The cso shares a number of parallels with ceos. Companies that appoint a cso envisage substantial strategic and commercial advantage through their sustainability performance. It makes it clear that the company wants to take sustainability seriously. In the uk typical cso salaries are 180 - 350,000 per annum, or - 570,000. Natural capitalism- if the ecosystems were properly valued. Companies most far-sighted will have the edge. Most people overlook the earth"s ecosystems- worth 33 trillion a year according to. 1st- increase the productivity of natural resources, as much as 100x. Develop fresh approach that considers industry as a whole system. Replace old industrial technology with new ones, adopting innovative technology. 2nd- closed loop production system that yield no waste, cut material requirements by.
