ESG: mind the gap, Community and tools to build your sustainability strategy

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Welcome to The Road to Sustainability Weekly Reviews—Sustainability approaches and strategies 29-31: ESG: mind the gap, Community and tools to build your sustainability strategy

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Dear friends and colleagues,

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?? Summary August, 2022 weeks 29-31

1.?This week's big question:?What attracts you the most when looking at your next mission?

2. Commentary,?ESG: mind the gap by Yael Rozencwajg and Tony Fish

3. Stay informed and entertained?on YouTube .

4. This week by the numbers: climate change highlights and critical data.

5.?Get updates : Join over 21,600 investors, founders, policy-makers, and academics

6. What are you up to?—post, comments, and notes from our subscribers

7. Information

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1. This week's big question:

???What attracts you the most when looking at your next mission?

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2. Commentary, ESG: mind the gap--August, 2022, weeks 29-31

This article addresses a question that #ESG commentators struggle with: “Is ESG a model, a science, a framework, or a reporting tool? Co-authored?@yaelrozencwajg ?and?@tonyfish

An analogy. Our universe is governed by two fundamental models, small and big. The gap between Quantum Physics (small) and The Theory of Relativity (big) is similar to the issues between how we frame and deliver short and long-term business planning. We can model and master the small (short) and the big (long), but there is a chasm between them which means we fail to understand why the modelling and outcomes of one theory; don’t enlighten us about the other.?The mismatch or gaps between our models create uncertainty and ambiguity, leading to general confusion and questionable incentives.

In physics, quantum mechanics is about understanding the small nuclear forces. However, based on our understanding of the interactions and balances between fundamental elements that express small nuclear forces, we cannot predict the movement of planets in the solar system. Vice versa, our model of gravity allows us to understand and predict motion in space and time, enabling us to model and know the exact position of Voyager 1 since 1977, which does not help in any way to understand fundamental particle interactions. There remains a gap between the two models, which is marketed as “The Theory of Everything ” it is a hypothetical, singular, all-encompassing, coherent theoretical framework of physics that thoroughly explains and links together all physical aspects of the universe — it closes the gaps as we want it to all be explainable.

In business, we worked out that based on experience, probability, and confidence, using the past makes a reasonable predictive model in the short term (say the next three years), especially if the assumptions are based on a stable system (maintaining one sigma variance). If a change occurs, we will see it as a delta between the plan and reality as the future does not play out as the short-term model predicted.

[Continue reading on sustainability insights ]

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3. Stay informed and entertained.

3.1—Now on YouTube: the Framework for Sustainability Conversations

A 1 minute video broadcasted on YouTube—a short explanation—so you can easily leverage the Framework for Sustainability Conversations that will help you initiate conversations and ask the right questions with your team members.

I hope it helps. Please feel free to leave your feedback, ask questions and share with your friends and colleagues.

Within the next few days, I’ll give away our combo of PDFs. Stay tuned ????

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??Introduction to sustainability: ?Sustainability explained in 13 minutes.

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4. This week by the numbers: climate change highlights and critical data.

?? World status, big data, and?CO2

• Historic UN resolution recognizes healthy environment is a human right—[More on UNDP ].
• CO2 levels as of August 01:?418.51 ppm, a year ago = ?417.84 ppm CO2 in air.—[More on Global Monitoring ].

? More critical resources:?Real-time temperature ???Advanced Global Atmospheric Gases Experiment

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? More critical resources:?Real-time temperature ???Advanced Global Atmospheric Gases Experiment

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6. What are you up to?—post, comments, and notes from our subscribers

/ All about ESG

Leadership

“I always felt my opinion was unpopular: if we don't cut emissions, nothing else matters. Turns out, The Economist thinks the same!”—Elena Doms

+?Read the post on LinkedIn

+ Follow Elena Doms on LinkedIn

“The reason the right attacks ESG is that the right doesn’t like environmentalists of any sort, even ineffective or performative ones, and they have Milton Friedman in their back pocket.?—Auden Schendler

+?Read the post on LinkedIn

+?Follow Auden Schendler on LinkedIn

/ What I am reading, viewing

+?Where on Earth Will People Live in the Future ? by Dr. Parag Khanna

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7. Information

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Disclaimer

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