MEGA = Make ESG Great Again!
🚀 Are you also a MEGA supporter?
M E G A = Make ESG Great Again! 🌍
At Koaloo.FI, we're thrilled to support MEGA – an initiative that's not just a catchy acronym, but a call to action for us all! 📈
Why #MEGA? Because the world is changing, and so are our priorities!
📊 The Numbers Don't Lie:
CEOs are deprioritizing sustainability, but B2B buyers are increasingly focusing on it. (Bain & Company)
36% of B2B customers are willing to change suppliers that don't meet sustainability expectations, and that number is expected to rise to 57% in three years. (Bain & Company)
Nearly half of B2B customers are willing to pay a premium for sustainable products. (Bain & Company)
Here’s the link to the relevant article: https://www.esgtoday.com/ceos-are-deprioritizing-sustainability-as-it-becomes-more-important-to-consumers-corporate-buyers-bain-survey/
And here's the link to the in-depth report: https://www.bain.com/globalassets/noindex/2024/bain_report_the_visionary_ceos_guide_to_sustainability-2024.pdf
As always, we've cut through the fluff and we've done the heavy lifting for you (aka info & analysis with our take on it) ...see below.
As businesses face new challenges, having a clear vision is more important than ever. 🌍✨
So if you are a CEO or in the Exco, you should be asking yourself:
How will global sustainability changes affect my industry? 🌿
Well, big changes are happening in energy, food, finance, and materials. These changes bring both risks and opportunities for you.
Example: steel companies are starting to use hydrogen-based processes to produce “green steel” to meet climate goals, helping them stay competitive. 🏭🔬
What can you do? Be ready for things like supply chain issues or new profit opportunities. Planning ahead—like securing reliable raw materials or investing in green tech—can make all the difference. 🔋🌱
What should my main priorities be, and how quickly should I act? ⏳
Turning sustainability goals into action can be tough, so just focus on what matters most and where your company or business can make a real impact.
Example: a machinery company realized it was spreading itself too thin with too many goals. So, they refocused on decarbonization and recycling, which better fit their business needs. 🔄
What can you do? Check where most of your impact comes from (our guess...it will be mostly your Scope 3 or your supply chain). Reassess current goals and narrow down to what will make the biggest difference. 🎯 Top tip: you have to train & involve all your people...cos sustainability/ESG is transversal stuff!
How can I make sustainability a smart business move? 💡
Sustainability can seem expensive with unclear payoffs. But by focusing on saving costs, gaining commercial advantages, and reducing risks, you can make a strong case for sustainability.
Example: A chemical company is cutting carbon emissions and exploring sustainable plastics, which helps offset costs and attract new customers. An automotive company realized that it could raise millions in new investor funding because of its sustainability initiatives. 🧪🌍
What can you do? Start with projects that offer clear returns & can build momentum for bigger changes. 📉💵
Who can I partner with to achieve sustainability? 🤝
Sustainability is too complex to tackle alone! At Koaloo.Fi, we have always believed that open-source solutions are the key to solving the world's sustainability challenge.
Example: a textile company teamed up with recyclers and other industries to address shortages of recycled materials and influence future regulations. 🧵♻️
What can you do? Partner with others in your supply chain, join industry groups, and work with policymakers and nonprofits to create larger, system-wide solutions. 🌐
So, what's next?
🌟 ESG is not a burden, it's our lifeline. It's a no-brainer that we should aim to prioritize long-term sustainability over short-term gains. The real questions are: what actions to take? Who should take those actions? How much will it cost? How much benefit it will bring?
🌍 Supply chains are the next battleground. Geopolitical tensions and ESG expectations are driving changes that will reward sustainability and reliability. Winning suppliers will not just be cheap. They will have to be truly sustainable, hence have their related data readily sharable
📊 Data is key. With thousands of suppliers and countless KPIs, managing and analyzing sustainability data at scale is a challenge we must tackle together. Imagine a big retailer managing 40k suppliers and asking “just” 150 KPIs from half of their suppliers. How do you request, collect and analyze the data at low cost? Can you ensure it is as reliable as your own data to ultimately have it audited and reported? Are you ready to do so live, instead of annually, giving you way more time to adjust what needs to be done?...
This is our shared challenge, our shared opportunity to MEGA and create a livable, inclusive world.
Join us at Koaloo.Fi as we rise to this challenge and make ESG great again! 🌟
Interested in knowing more about the “how”? => www.koaloo-fi.com
What's your take on MEGA? Let's discuss! 💬
Comments