Episode 133
[FOCUS] ESG (progress is not always linear)
Episode Summary: This episode is an excerpt from a past episode with ESG Prof. Ioannis Ioannou
Prof. Ioannou is a leading strategy scholar whose research focuses on Sustainability and Corporate Social Responsibility (CSR).
Drawing from his 13 years of experience researching and advising top executives around the world, Prof Ioannou is at the forefront of how the business world and corporations are leveraging the power of sustainability in their development today.
In this particular section, Prof. Ioannou explained why changes might take time and that progress is not always linear.
Listen to the full episode here
In this episode, Professor Ioannou discusses the challenges and opportunities for businesses and corporations to lead the path to a more sustainable future
You can find out more about the work of Prof. Ioannis Ioannou here
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Transcript
ESG with Prof Ioannou - IONNIS: I
think the one thing that, uh, um,
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:perhaps is worth mentioning is that,
um, and I see this, this struggle
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:with my students as well, whether.
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:We can be optimistic or pessimistic
given what is happening in the world.
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:And I think it's important to remember
that progress is not always linear.
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:Sometimes you have to take two
steps back and then uh, uh, take
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:three steps forward and so on.
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:And it is frustrating a lot of
the times to work in this space.
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:It is frustrating when.
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:People, for instance, and vested
interest fight against climate change
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:and, and, uh, and, and, and try
to promote climate change denial.
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:And we've seen this before and we've,
unfortunately we've seen it again, right?
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:So Governor DeSantis in Florida
says, you know, this is the state
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:where ESG and walk comes to die.
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:We have seen attorney generals across
states like West Virginia, Texas, and
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:so on, colluding in order to kick.
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:Uh, banks and asset managers.
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:Corn Es.
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:These are hugely disheartening, but
they're also, in my humble opinion, hugely
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:dangerous development because frankly,
we suffered 40 years or more or less
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:of delay in taking action on climate.
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:If now that denial and that undermining
expands to the ESG space more broadly.
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:We're gonna have a huge
existential problem in our hands.
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:So there's two way of looking at this.
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:One is the pessimistic way, but the
other one is, in my humble opinion, a
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:call to action right across all of the
dimensions that we discussed earlier.
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:We can do this, but we have to.
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:Act and we have to act now because
the other so-called other site, the
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:ones that protects vested interest
and doesn't care if in the process
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:it destroys the planet, is very well
organized, it communicates very well.
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:And sadly it's on the rise.
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:So it in, in, as, as one of my colleagues
at Wharton says, it is now time to
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:take sites to have to pick sites.
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:Um, otherwise we're not
gonna be able to make.
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:JENN: Yeah.
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:So there is hope.
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:We just have to act now,
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:ESG with Prof Ioannou - IONNIS:
Absolutely.
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:And with urgency.
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:Yes, definitely.
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:JENN: right.
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:That's right.
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:All good.
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