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Every organisation has an ESG* policy. Few have a strategy or a plan.
Their thinking stops at the idea that 'doing the right thing' is good for reputation, risk-reduction, product awareness, staff motivation and other. It does not consider what happens when benevolence conflicts with the bottom line; nor addresses the question, how much generosity is enough.
So it is good that, in Episode Eight, the Head of Procurement and Supply raises this with the company's CEO and Chair
The transcript of this podcast can be read here.
* Environmental, Social and Governance
By Bill YoungEvery organisation has an ESG* policy. Few have a strategy or a plan.
Their thinking stops at the idea that 'doing the right thing' is good for reputation, risk-reduction, product awareness, staff motivation and other. It does not consider what happens when benevolence conflicts with the bottom line; nor addresses the question, how much generosity is enough.
So it is good that, in Episode Eight, the Head of Procurement and Supply raises this with the company's CEO and Chair
The transcript of this podcast can be read here.
* Environmental, Social and Governance