Friday in Five from Unibloom
Can’t quite believe we’re already into November with Halloween behind us and the US election just around the corner. To distract you from the polls, this week we’re bringing you insights on the changing role of chief sustainability officers, an opportunity to sign your business up to our Climate Catalyst workshop and news on circular business model adoption within the UK fashion sector.??
Welcome to our bi-weekly newsletter where we intend to inspire you with real life business action on climate, biodiversity, nature, circularity and social justice through the lens of driving business value.? Coming to you every other Friday, we want to celebrate the wins, draw attention to the challenges and occasionally even mythbust and we guarantee to do it in under five minutes.??
Summary:
Only 50% of CSOs spending more than 70% of their time on ‘high impact work’
A new report from BSR highlights the changing role of the CSO (Chief Sustainability Officer) and highlights the pressures of balancing reporting with innovating.? The report found that:
‘Only 50 percent of respondents spend 70 percent or more of their time on “high-impact” work, including 64 percent in the US and 40 percent in Europe. This tepid response may indicate that CSOs feel caught in compliance or less strategic work, though this effect is less pronounced in the US, where CSOs are leveraging new regulations to push companies up the maturity curve. Notably, 26 percent of respondents say they spend less than half their time on “high impact” work.’
The report proposes three different potential typologies for the future CSO;?
领英推荐
The challenge for CSOs that we are speaking to is that they are being asked to be all of these things, all at once! Another key challenge is that they are drowned in complex data, scattered in various systems, spreadsheets and powerpoints where the CSO has a challenging time to create a holistic picture and aggregate insights to guide the organisation in the right direction. We heard one CSO say: I want to digitise everything sustainability. Which we couldn’t agree with more!
Unibloom’s Climate Catalyst Workshop?
Is your climate action plan, too much planning and not enough action?? Sign up for our Unibloom Climate Catalyst workshop, and in just 55 minutes, we will work with you and your leadership team to:
Get in touch with the Unibloom team to book your team in, before you are too deep into end of year planning! Email - [email protected] or book a 20 minutes intro slot here: https://calendly.com/chris-gale-9vcn
UK fashion not meeting circular economy ambition with action.?
The Circular Fashion Innovation Network released its interim report on the state of circular fashion in the UK last week.? They found that ‘81% of organisations include [circular business models] CBMs in their five-year strategy.’? However, they also identified that ‘63% of existing customers facing CBMs are in a low-maturity pilot phase.’? This rings true with our experiences of circular business models in a number of sectors, with many remaining in pilot phase and not being backed sufficiently with marketing and investment to see the true potential impact, both on emissions and on competitiveness.? It is positive to see that the majority of fashion businesses have circularity on the agenda but as the report acknowledges, ‘The primary barrier to scaling these initiatives is financial viability, alongside challenges in customer communication and demand.’?
Learn more about Unibloom or book a demo here
Read more on Unibloom at - www.unibloom.world
Read our 6 pillars for science-based success here