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Environmental Stewardship
Economic Prosperity
Social Inclusion
Just Governance
JULY 2023 ISSUE
JULY 2023
"Steering the Course: Embracing Sustainable Business and Financial Leadership"
"In this edition, our central theme this month revolves around the symbiotic relationship between business, finance, leadership, and sustainability. We explore how the fusion of these elements paves the way for robust, resilient, and responsible organizations. From the boardroom to the factory floor, we'll delve into how adopting sustainable practices can fundamentally transform businesses, fortify their financial performance, and positively influence their corporate culture.
Sustainability is no longer a mere addition to the portfolio of corporate social responsibility; it is an integral part of strategic decision-making, risk management, and the path to maintaining a competitive edge. And it is the role of strong, foresighted leadership to champion this cause, embedding sustainability into the very fabric of their organizations."
- Supriya Verma, Excerpt From Letter From The Founder, July 2023
IN THIS ISSUE
Table Of Contents
2. The IFRS Sustainability Disclosure Standards: Paving the Way for Integrated Reporting
3. Unleashing the ROI of Sustainability: Driving Business Value and Growth
4. Experiencing New Climate Extremes: UN Confirms Hottest Week in July
5. Delving Deeper: Wildfires, their Economic Aftermath, and Impact on Sustainable Development
6. Top 10 Sustainability and Climate Change Books on Blinkist
7. The Complete Chief Sustainability Officer Guide: 60 Responsibilities for Driving Sustainable Impact
8. The Ascendance of Social Entrepreneurship and Purposeful Leadership: New Paradigms
9. Unveiling the Triple Impact of Sustainable Business: Environmental, Economic, and Social Aspects
10. Thought Leadership: Redefining Profit In A World Of Turmoil
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LETTER FROM THE FOUNDER
Dear Readers,
Welcome to the July edition of our magazine - a special issue dedicated to sustainable business, finance, leadership, and management strategies. As we navigate through the depths of the 21st century, it has become paramount to build our businesses on the cornerstones of sustainability, not just for our shared environment, but also for the long-term viability of our organizations.
The impacts of our choices are increasingly apparent, demanding immediate and conscientious attention towards fostering sustainable practices. As always, we are eager to guide you on this path with thoughtful insights, illuminating perspectives, and actionable advice from industry leaders.
Our central theme this month revolves around the symbiotic relationship between business, finance, leadership, and sustainability. We explore how the fusion of these elements paves the way for robust, resilient, and responsible organizations. From the boardroom to the factory floor, we'll delve into how adopting sustainable practices can fundamentally transform businesses, fortify their financial performance, and positively influence their corporate culture.
Sustainability is no longer a mere addition to the portfolio of corporate social responsibility; it is an integral part of strategic decision-making, risk management, and the path to maintaining a competitive edge. And it is the role of strong, foresighted leadership to champion this cause, embedding sustainability into the very fabric of their organizations.
In this issue, we explore topics like sustainability disclosure standards, the economic effects of wildfires on sustainable development, measuring the return on investment in sustainability, redefining the definition of profit, and more. Through these pieces, we aim to equip you with the necessary tools to incorporate sustainability into your business strategy, leadership philosophy, and management tactics.
As we continue on this journey together, we would love to hear your thoughts and experiences. Let's foster a conversation around sustainable business, finance, leadership, and management that pushes us all towards a more resilient and responsible future.
Thank you for being a part of this important discourse.
Warmest regards,
Supriya Verma, WELL AP
Founder, The SustainabilityX® Magazine
Corporate Knights Canada's Top 30 Under 30 In Sustainability Leadership
The SustainabilityX® Magazine's Global 50 Women In Sustainability
LinkedIn: @thesupriyaverma | @sustainabilityx
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Job Board & Talent Collective
In light of layoffs in tech & beyond, we launched The SustainabilityX® Magazine Jobs Board featuring the best global management, policy & consulting roles in sustainability, climate, CSR & ESG, made possible by our dedicated subscribing members & partners. Hiring or looking for a job in sustainability, climate & ESG? Check out the new jobs board to join the talent collective or post jobs:
JULY 2023: DISCLOSURE STANDARDS
The IFRS Sustainability Disclosure Standards: Paving the Way for Integrated Reporting
The introduction of IFRS sustainability disclosure standards represents a critical milestone in sustainability reporting. This comprehensive article delves into the implications and benefits of these standards for businesses. Learn how organizations can leverage the IFRS standards to enhance transparency, align financial and non-financial information, and effectively communicate their sustainability performance.
JULY 2023: ROI OF SUSTAINABILITY
Unleashing the ROI of Sustainability: Driving Business Value and Growth
In a world increasingly conscious of environmental and social challenges, businesses are facing a critical imperative: integrating sustainability into their operations. While many recognize the importance of sustainable practices, some struggle to grasp the tangible business value it can bring. Fortunately, by calculating the Return on Investment (ROI) of sustainability initiatives, organizations can uncover its hidden potential and transform challenges into opportunities.
JULY 2023: CLIMATE CHANGE
Experiencing New Climate Extremes: UN Confirms Hottest Week in July
The United Nations' confirmation of the first week of July as the hottest ever recorded is a clarion call for urgent climate action. This 'uncharted territory' of global heat records presents a stark warning and a call to arms. As we face this escalating threat of climate change, global efforts to significantly reduce greenhouse gas emissions and develop effective adaptation strategies are more crucial than ever.
JULY 2023: WILDFIRES & EXTREME WEATHER
Delving Deeper: Wildfires, their Economic Aftermath, and Impact on Sustainable Development
As we journey deeper into the era of climate change, wildfires have emerged as an increasingly regular and devastating phenomenon. Beyond the severe ecological devastation, these disasters unfold a cascade of economic implications, both direct and indirect, that reverberate across sectors and often linger for years. Moreover, wildfires pose significant hurdles to the progression towards sustainability and sustainable development, disrupting the equilibrium between economic growth, social cohesion, and environmental protection. This article aims to elucidate these topics in depth, highlighting the dire need for effective wildfire management and robust strategies to foster resilience.
JULY 2023: BOOKS & SELF DEVELOPMENT
Top 10 Sustainability and Climate Change Books on Blinkist
Discover the top 10 sustainability, climate, and ESG books available on Blinkist that hold the potential to advance sustainable development. From the captivating journey of human history in "Sapiens" to reimagining economics in "Doughnut Economics," these books offer unique perspectives and insights. Explore urgent climate change issues with "The Uninhabitable Earth," uncover effective solutions in "Drawdown," and delve into environmental awakening with Rachel Carson's "Silent Spring." Engage with thought-provoking literature that challenges traditional notions of sustainability and promotes a circular economy, such as "The Upcycle" and "Cradle to Cradle."
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Blinkist Premium
No time to read an entire book? We’ve partnered with Blinkist! Try Blinkist and get insight from the best non fiction titles in 15 minutes. It's perfect for curious people who love to learn, busy people who don’t have time to read, and even people who aren’t into reading. Get more knowledge in less time. Sign up now and get a 7-day free trial.
JULY 2023: SUSTAINABILITY MANAGEMENT
The Complete Chief Sustainability Officer Guide: 60 Responsibilities for Driving Sustainable Impact
Chief Sustainability Officers (CSOs) have become essential champions of sustainability within organizations. This article explores the 60 diverse responsibilities that CSOs undertake. From managing sustainability reporting and adhering to disclosure standards to integrating ESG considerations and leading climate action plans, CSOs play a critical role in driving sustainable practices and environmental stewardship.
JULY 2023: SOCIAL ENTREPRENEURSHIP & LEADERSHIP
The Ascendance of Social Entrepreneurship and Purposeful Leadership: New Paradigms
Social entrepreneurship and purposeful leadership signify a transformative shift in business practices, placing societal well-being on an equal footing with profitability. This new paradigm in business holds profound implications for sustainability and sustainable development, offering the potential to reshape our economy. It paves the way for a more inclusive, resilient society while driving innovation and growth, heralding the dawn of a new era in business.
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Nominations Now Closed:
The SustainabilityX® Magazine Global 50 Women In Sustainability Awards™ 2023
As the world confronts the immense challenge of climate change, the importance of women in sustainability and climate leadership is more important than ever. That's why The SustainabilityX® Magazine’s inaugural Global 50 Women In Sustainability Awards™ 2022 was launched. Building on last year’s tremendous success, the internationally acclaimed digital awards will once again celebrate trailblazing women from around the world for a second time. Nominations are now closed and results will be released in Fall 2023. Stay tuned!
JULY 2023: TRIPLE BOTTOM LINE
Unveiling the Triple Impact of Sustainable Business: Environmental, Economic, and Social Aspects
The triple impact of sustainable business offers a clear pathway to a more sustainable and inclusive future. With robust corporate governance and sustainability leadership, businesses can effectively integrate environmental, economic, and social considerations into their operations, sparking a positive transformation that benefits not only the bottom line but also the planet and society.
JULY 2023: THOUGHT LEADERSHIP
Redefining Profit In A World Of Turmoil
Exploding populations, scarce food sources, polluted air and water, low literacy rates, sexual violence, human trafficking, climate change, unrighteous politics…Where’s the social change? Where is the world going? In times of uncertainty, it's wise to compare and contrast the conventional and social business model frameworks for insight and redefining the meaning of profit in an era of transition using five key lessons: challenging conventional wisdom, finding complementary partners, undertaking continuous experimentation, favouring social profit-oriented shareholders, and specifying social profit objectives clearly.
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The SustainabilityX® Magazine: Memberships
The SustainabilityX® Magazine is an award-winning, digital, female-founded, and female-led non-profit initiative bringing the environment and economy together for a sustainable future through dialogue. Show your support for independent, high-impact publications by becoming a subscribing member and help power international conversations that matter.
Join for free or get unlimited digital access to the world's most trusted exclusive sustainability magazine with a global, interdisciplinary focus for just $2.99 a month, or subscribe annually and get two months free!
JULY 2023: BOOK PICK
"FightBack Now"
FightBack Now takes a critical look at the current challenges humanity faces and illustrates how we can meet them with our current and upcoming technologies. The book combines insights from entrepreneurial and corporate viewpoints to demonstrate a proven framework for efficient early-stage venture building using corporate assets.
Throughout the book, you will find inspirational case studies from renowned firms who reinvent(ed) themselves through Corporate Venture Building as well as insightful views from government leaders and entrepreneurs. With battle-tested lessons learned from successes and failures in the field, you'll learn what works—and what you should avoid.
FightBack Now is a timely and necessary book, challenging leaders and organizations to consider the new realities and the urgent problems which ultimately impact the future of every person and business.
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Emeritus + The SustainabilityX® Magazine: Course Partnership
The world is changing rapidly & the need for sustainability professionals is growing at an unprecedented pace. It’s essential to have the right skills to make a meaningful impact in the sustainability field while avoiding “competence-washing”. We’ve partnered with Emeritus to offer courses that will genuinely help develop your skills & avoid falling prey to “greenwashing”. Enroll now by visiting our dedicated Emeritus + The SustainabilityX® Magazine website.
