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"The majority of current corporate ESG data gathering & measurement is based on industry peer benchmarking that lacks true sustainability context or performance against science and norm-based thresholds,” says @kyle_cahill of @johnhancockusa / @Manulife linkedin.com/pulse/whats-ne…
@kyle_cahill @johnhancockusa @Manulife "If we continue down this path, aren’t we just moving deck chairs? For the substantive change that’s needed, investors & companies collectively need to aim for more meaningful measures that focus more on overall planetary & societal impacts and less on incremental improvements."
@kyle_cahill @johnhancockusa @Manulife "To help solve today’s challenges around issues like climate change, health & inequality, companies need to work collaboratively with communities & other stakeholders to fix the root causes of environmental & social problems rather than approach them individually in silos."
@kyle_cahill @johnhancockusa @Manulife "At the same time, that level of ambition is rarely understood or embraced by other key decision makers within our organizations, as the business benefit can be less immediately evident,” @kyle_cahill continues.
@kyle_cahill @johnhancockusa @Manulife "To bridge this gap, sustainability professionals will need to get internal stakeholders more comfortable with the idea that corporate sustainability can’t always be approached as competitive advantage."
@kyle_cahill @johnhancockusa @Manulife "Treating sustainability as “pre-competitive” will tilt more effort and resources toward the collective system-level change that is desperately needed."
@kyle_cahill @johnhancockusa @Manulife "If we view the role and responsibilities of companies as being part of society, rather than operating separately from it, all people and the planet can thrive.” (end)
