CSR and Sustainability Management: The New Normal Dr Donald Feaver Chief Technology Officer Branded...
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Transcript of CSR and Sustainability Management: The New Normal Dr Donald Feaver Chief Technology Officer Branded...
CSR and Sustainability Management:
The New Normal
Dr Donald FeaverChief Technology Officer
Branded Trust Assurance Systemswww.btassurance.com
OverviewIntroduction
Sustainability Management
Responsible Supply-Chains– Due Diligence– Transparency
The Cloud and Collaboration
CSR: The New Normal
For Government and Regulation:
Post Paris COP-21: The world and CSR changed in Paris recently
- Governments have agreed to put in place new ‘social responsibility’ obligations - New government sustainability/emission reduction initiatives will become ‘normal’.
CSR: The New Normal
For Business
A new era in CSR is being already being adopted by pro-active business.
The new normal is known as ‘sustainability management’.
It is already delivering a win/win.
Sustainability Management
Sustainability management= cost savings through a ‘Program’ focus– more efficient resource use (i.e., less consumption)– better coordination (people and materials)– higher productivity (human resource)– reduced transaction costs– better risk management
The Sustainability (Program) Manager is the staff member trained-up to capture and maximize savings and revenue growth opportunities.
Program Focus: Business Area Performance Impact +$$
Internal/staff wellness, security and anti-corruption/integrity programs
Productivity improvement
Resource use/emission reduction programs
Cost savings
Stakeholder management and community programs
Reputation and revenue increase
Supply-chain due diligence and transparency
Risk and transaction cost reduction
Sustainable Supply-Chains
Due Diligence: know your supplier:• are they reliable… or are they a CSR risk?• did you make an effort to check?
Who’s watching?• NGO’s and the Media• Consumers• Regulators (public and private)
Sustainable Supply-Chains
Due Diligence= interrogating your supplier’s social credentials
• this means asking the right questions.
Who’s watching?• BBC News reported this week: 80% of
companies reporting under the US Dodd Frank law fell short in their due diligence enquiries
Sustainable Supply-ChainsTransparency and Tracing
Sustainable Supply-Chains
Transparency= more advanced disclosure of the source of your products and services
• this does not mean disclosing strategic information
Tracing= using new technologies to track, trace and generate ‘chain of custody’ documentation- a quasi-warranty of product source and integrity
New Technology: Facilitation
Innovation: Collaboration
The Cloud: provides new opportunities to collaborate and share information
Collaboration: saves money and time= reduction in transaction costs
Risk Reduction: sharing information amongst your supply-chain partners reduces RISK
www.btassurance.com
Thank you