Lucy Pérez, Dame Vivian Hunt, Hamid Samandari, Robin Nuttall, Donatela Bellone
Forward-looking companies think carefully about communications—not just in terms of what resonates with investors, but with a range of stakeholders; and not just communications for the sake of announcing to others but in order to learn, become smarter, and improve as an organization. Employees are a key constituency and are invariably an important source of insight. Companies can also continuously improve by engaging through trade … [ Read more ]
Content: Quotation | Authors: Dame Vivian Hunt, Donatela Bellone, Hamid Samandari, Lucy Pérez, Robin Nuttall | Source: McKinsey Quarterly | Subjects: Communication, Organizational Behavior, Public Relations
Lucy Pérez, Dame Vivian Hunt, Hamid Samandari, Robin Nuttall, Donatela Bellone
Forward-looking companies recognize that they cannot be distinctive by pursuing every initiative that qualifies as ESG. To the contrary: because they have a clear understanding of their strategy, and their own strengths and gaps, they focus on identifying initiatives that matter most to their business models. ESG is an essential strategic concern, which means it affects how and where a company competes.
Content: Quotation | Authors: Dame Vivian Hunt, Donatela Bellone, Hamid Samandari, Lucy Pérez, Robin Nuttall | Source: McKinsey Quarterly | Subject: Social Responsibility (ESG)
How to Make ESG Real
While ESG is likely to evolve both in substance and name in the coming years, its underlying impulse is here to stay. Here’s how companies can take a more systematic and rewarding approach to ESG.
Content: Article | Authors: Dame Vivian Hunt, Donatela Bellone, Hamid Samandari, Lucy Pérez, Robin Nuttall | Source: McKinsey Quarterly | Subject: Social Responsibility (ESG)
Sebastian Leape, Jinchen Zou, Olivia Loadwick, Robin Nuttall, Matt Stone, Bruce Simpson
A useful framing, we find, is to compare the breadth of ESG with the uniqueness of purpose. ESG encompasses society’s wide range of expectations about the role of business. There are a multitude of ESG options, requirements, and variations—from community service to inclusivity, transparency in reporting, and waste management, to name just a few. Purpose, on the other hand, helps your firm prioritize from among … [ Read more ]
Content: Quotation | Authors: Bruce Simpson, Jinchen Zou, Matt Stone, Olivia Loadwick, Robin Nuttall, Sebastian Leape | Source: McKinsey Quarterly | Subject: Social Responsibility (ESG)
Sebastian Leape, Jinchen Zou, Olivia Loadwick, Robin Nuttall, Matt Stone, Bruce Simpson
Purpose answers the question, “What would the world lose if your company disappeared?” It defines a company’s core reason for being and its resulting positive impact on the world. Winning companies are driven by purpose, reach higher for it, and achieve more because of it. Competitors wonder where they can get some of that magic and how they might sprinkle it on.
Content: Quotation | Authors: Bruce Simpson, Jinchen Zou, Matt Stone, Olivia Loadwick, Robin Nuttall, Sebastian Leape | Source: McKinsey Quarterly | Subjects: Management, Organizational Behavior
From Principle to Practice: Making Stakeholder Capitalism Work
Just as with other business priorities, stakeholder capitalism is a matter of execution. Here are five steps to get it right.
Content: Article | Authors: Robin Nuttall, Vivian Hunt, Yuito Yamada | Source: McKinsey Quarterly | Subject: Social Responsibility (ESG)
More than a Mission Statement: How the 5Ps Embed Purpose to Deliver Value
Your company’s purpose strengthens resilience and creates value—if it’s genuine. A new framework highlights a detailed approach to embedding purpose throughout your organization.
Content: Article | Authors: Bruce Simpson, Jinchen Zou, Matt Stone, Olivia Loadwick, Robin Nuttall, Sebastian Leape | Source: McKinsey Quarterly | Subject: Management
Five Ways That ESG Creates Value
Getting your environmental, social, and governance (ESG) proposition right links to higher value creation. Here’s why.
Content: Article | Authors: Robin Nuttall, Tim Koller, Witold Henisz | Source: McKinsey Quarterly | Subject: Social Responsibility (ESG)
Beyond Corporate Social Responsibility: Integrated External Engagement
Companies must incorporate interaction with stakeholders into decision making at every level of the organization.
Content: Article | Authors: John Browne, Robin Nuttall | Source: McKinsey Quarterly | Subject: Social Responsibility (ESG)