Business at a Turning Point: ESG, Net-Zero and Digital Transformation an #MMChats Rewind
Marsh McLennan
Marsh McLennan (NYSE: MMC) brings together 85,000 experts in risk, strategy and people.
Regularly, Marsh McLennan brings together in-house experts, employee advocates and external thought leaders for an online discussion of the most pressing issues. The program is called #MMChats and takes place entirely on Twitter. This is where individuals around the world engage with Marsh McLennan's intellectual capital and other leading thought leadership to share insights and discuss the best solutions to help organizations thrive.
The following is a summary of some of the key highlights by our leading experts in the May 24, 2022 conversation centered on World Economic Forum's first in person annual meeting in Davos after the pandemic.
As organizations try to create a more inclusive and productive work environment, social purpose is the new black. And ESG becomes even more important to corporate strategies.
An engaged workforce that sees authentic DEI, ESG initiatives from their employers, will remain productive. A workforce that feels connected to business mission, pays off in productivity, output and retention.
Late adopters in ESG, DEI & Digital can impact business performance in many ways:
Financial services are critical for the climate transition. Funding & legitimacy for projects, from loans to brokering direct investment in projects and companies, financial services is critical in getting money where it is needed.
ESG risks are real and so identifying and thereafter managing and mitigating them can help reduce costs. A well strategic review of org’s ESG risks landscape can reap financial rewards in the long run.
Good corporate governance means more investor confidence. Be transparent on fiscal performance, sustainability & ethics & encourage shareholder engagement.
People desire and deserve workplace respect. In an MIT Sloan study, workplace respect was more important to those leaving their jobs than pay, perks, benefits and training—combined.
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The Net Zero transition is inevitable but will take time. The landscape is being shaped now and those that take a wait and see approach risk living with the decisions of others rather than influencing the future.
Adopting and funding technologies that can 'hit-the-ground running' are an important component of accelerating the climate transition. https://bit.ly/3wyFEVh
Heading to #FireClimate22 in LA and reflecting on IPCC findings indicating high confidence in an increase in Extreme Heat and Fire Weather in Western North America by 2050. Insurance can play a role in resilience through innovative risk transfer mechanisms.
Deferring ESG creates risk that as you rewire your company, you will hard-wire in old value creation models that can’t meet concerns of your stakeholders & the long-term needs of your business. It becomes more likely that you will fail to manage real & material risks.
My wish: More leaders understand the business imperative of doing right by employees & truly build a tops-down people first culture
2022 Global Talent Report shows work-life balance and flexibility are key to employee satisfaction. Employees want their employers to recognize this and enable them to have lives outside work. https://tinyurl.com/2p96yjjv
Academic research focus: science, technology, ethics & public purpose. CEO Thulium, Advisor and Crew Member of Proudly Human Off-World Projects. Host of @SAP podcast Tech Unknown & Better Together Customer Conversations.
2 年Wonderful discussion, Marsh McLennan.
American Banker Top 20 Most Influential Women in Fintech | Book Author - Beyond Good (2021), Metaverse Economy (2023) | Founder - Unconventional Ventures | Podcast - One Vision | Advisor | Public Speaker | Top Voice |
2 年It was a wonderful conversation. Thank you for including me!