Thread by @SustyVibes

We are super excited about today's theme: Introduction to Sustainable Business Models.

Our Facilitators are very adept in the subject of business sustainability.

Join us today as we round up the #SustyMasterClass with these sessions.

We dive right in with @MoriesAtoki of PWC Nigeria

#SustyMasterclass

Mories is training is on Integrating the #SDGs To Nigerian Businesses. #SustyMasterclass

A bit about our facilitator:

Everyone must know the #SDGs - we are now reciting them! #SustyMasterclass

The #SDGs can further be broken down into the the “five (5) Ps”
• People
• Prosperity
• Planet
• Peace
• Partnerships

#SustyMasterclass

Why should we integrate businesses into the #SDGs: Businesses constitute a large part of the economic strata and are capable of making changes which affect their Social, Economic and Business Environments.

1. Businesses should be responsible in their business activities.
2. The #SDGs create an avenue for businesses to form partnerships for better development.

3. Businesses which incorporate the #SDGs tend to perform better. Investors are interested in their Sustainability report, attitude to labour and employment issues such as maternity leave with pay, decent work for decent pay, etc.

4. Businesses which incorporate the #SDGs have a better reputation and attract employees who place a premium on the #SDGs.

How Nigerian businesses can integrate the #SDGs into their Strategy include:
1. Awareness raising- Identify your Stakeholders and build your businesses to engage with them.
2. Prioritisation- identify the #SDGs that are relevant to your business and take steps to implement them

3. Strategy & Implementation- take steps towards implementing the #SDGs and review them often.
4. Measurement- review the progress your business is making towards implementing the #SDGs often and consolidate on the lessons learnt.

Lastly, Reporting- let stakeholders know the actions you have taken towards achieving the specific #SDGs you have selected, progress made by your business and its impact. This way, we influence other businesses to take action towards achieving the #SDGs because they can see

what other businesses are doing in this sphere and do not want to be left behind

When businesses work in Partnership with their Competitors & d Private Sector Advisory Group towards achieving specific goals of d #SDGS, they are able to make more impact in achieving the selected goals. Their Social, Economic & Business Environments also improve .- Mories Atoki

We enjoyed the session with @MoriesAtoki of PWC Nigeria. Thank you for spending time with us.

We dive right in with Professor Kenneth Amaeshi

Sustainability is about making impacts. It is a positive mindset which leads to innovations that preserve sustainability. Sustainability Strategy for businesses should be about reducing negative impacts and enhancing positive impacts of business activities.

Sustainability and Value chain impact #SustyMasterClass

Businesses should identify the impact of their activities and develop solutions towards curtailing the negative effects. For example, an average bank in Nigeria relying on diesel generator spends over 1 billion on buying diesel into its generators. If the bank invests this on

an alternative energy source, it would reduce it's green gas emission and also save costs spent in buying diesel.
Another example is the negative impact of cargo trucks. They emit toxic gasses and cause a strain on roads. If cargoes were moved to cargo trains which rely on clean

energy, roads would have lesser strain on them because there would be fewer or no trucks and pollution level from green house gases would reduce

The MIND Model in Business Sustainability requires the following
•M- map the activities in the business value chain;
•I- identify the positive and negative impacts of activities in the value chain;
•N- negotiate these impacts with Internal & External Stakeholders;
•D- develop

appropriate interventions to tackle these impacts.

Thinking vs Doing Game.
Incorporating the #SDGs into businesses require a lot of innovation and good Governance on the part of businesses. Everyone (Stakeholders) should understand that they have a role to play and should play their roles in achieving the #SDGs.

The key lesson from this session is for businesses to improve on innovations. Thank you Professor Amaeshi for spending your time with us at the #SustyMasterClass

We dive right in with Bankole Oloruntoba, CEO Nigeria Climate Innovation Center

Developing a Sustainable Business Model
A business model describes the rationale of how an organisation creates, delivers and captures value. In essence, Why an Organisation is in business?

A business model outlines the architecture of a business using data.

We are in a very impactful time with @BankoleToba of @nigeriacic

Social enterprises should be viewed from the mindset of businesses though they are non-profit organisations in terms of business structures.

Social enterprises should keep track of their numbers (progesterone level). Numbers sell organisations to potential investors and donors

Identifying the key activities of an Organisation helps in identifying key partners needed in achieving the organisation's objectives.

Needs are relative to customers. Understanding customers' needs help in selling your business to customers. Why should Customers care about your business? Is your business objective Premium over volume or Volume over Premium?

@BankoleToba Thank you very much for the wonderful insight provided on Business Model Development at the #SustyMasterclass

@AdiyaAtuluku of @DeloitteNigeria is talking now on Why businesses should care about sustainability

Why should businesses care about sustainability? @AdiyaAtuluku makes a brilliant case in her presentation. #SustyMasterClass

Why should businesses care about sustainability?
1. This increases consumer awareness & preference for ethical brands.
2. National & International regulations now require businesses to implement sustainability.
3. Increasing pressure from investors.

How can businesses be more Sustainable?
1. Reduce dependence on Natural resources
2. Source materials from local producers
3. Serve undeserved communities in an inclusive/equitable manner.
4. Make Environmental and socially friendly products and services.
#SustyMasterclass

Ongoing now, presentation by @Olasimbo Country director of @Solar_Sister on energy poverty and inclusiveness

Energy poverty is the lack of access to energy by a section of the population

.@Solar_Sister ‘s business model is fantastic and susty! We have their Nigerian country Director @Olasimbo working us through the model. #SustyMasterclass

Q: What makes a business sustainable?
A: The involvement of the community in the environment where a business operates, make a business sustainable
#SustyMasterclass #FiresideChat with @AdiyaAtuluku and @Olasimbo

It’s a wrap!!!!! Day 3 ✅

This #SustyMasterclass series has been an insightful and engaging knowledge sharing endeavor for us! Big thanks to our participants and facilitators.