Here a blog I contributed to our Transatlantic dialogue with my friend Dr. Kathy Miller. Some thoughts on why COP21 Paris climate deal might be more likely to happen after terror attacks. Hope you find this different perspective thought-provoking. I would love to know what you think!
With the COP21, the United Nations Conference on Climate Change starting at the end November in Paris, I was anticipating to dedicate my blog this month on the topic of climate change. Nobody of course anticipated the possibility of the terrorist acts in the weeks leading up to the climate conference. I reflect in this blog about the effects of major current events and how they contribute to important long-term decisions we might otherwise not have taken.
We all remember the Fukushima nuclear disaster of March 11, 2011 which was a result of a tsunami wave that impacted the nuclear reactors. As a result, the German and Swiss governments took the courageous and significant decisions to set an end to their usage of nuclear power as a local energy source. It is believed that the Fukushima events played a favourable role in these important decisions.
Sometimes, we are afraid that…
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The 21st Session of the Conference of the Parties (COP21) will kick off next week – companies, investors and policymakers gather to urge world governments to produce a strong climate agreement coming out of Paris.
I was asked to speak at the Zurich-based conference organized by Frank Bold legal services entitled “Corporate Governance for a changing world”. This conference is part of a global thought leader engagement process with events in London, New York, Brussels and Zurich and aims to develop new insights for new corporate governance. I was mostly impressed by the very impressive turn-out of many of the who-is-who of Switzerland’s relevant stakeholders on the subject, featuring prominent thought leaders from business, government, academia, civil society and consulting.
Given the nature of the 4-hour brain-storming session and the Chatham rules, I am able to share only some general personal insight that particularly struck me. While the pre-reading material and preparatory questions seem to be very detail-oriented, the various speakers (me included) highlighted the need to step back and embrace first the bigger and broader picture. I had suggested that we consider corporate governance in the context of the challenge of living well on one planet, the WBCSD Vision 2050 goal. This allowed me to frame corporate activity within the “safe operating space” of OXFAM’s doughnut model which includes on one hand the outer limits of the planetary boundaries (based on work done by the Stockholm Resilience Center) and the inner limits of social foundation (based on RIO+20 work).
The echo was really interesting and rather than facilitating a one-hour plenary session, I broke our high-level group of experts into relevant topical clusters such as voluntary corporate action, responsibility of the board, stakeholder engagement, influencing the regulatory environment, the purpose of the organization, incentivizing the existing system, and shareholder responsibility. I was deeply impressed by the depth and extent of these discussions and the creativity and engagement that emerged. Interestingly, the largest group and energy emerged in the area of influencing the regulatory environment and better understanding the corporate board to influence the purpose of the corporation.
I look forward to see what happens with a handful of really creative and provocative ideas to change the landscape and use the influence of investors to entice the management of companies to take decisions in favor of society and the planet. It was such an enriching experience to contribute to such positive and creative new ideas with thought leaders from so many different sectors and industries. Well done to Frank Bold and its local partners University of St. Gallen and University of Zurich for organizing this!
Today I spoke at the beautiful House of Religions in Bern, a wonderful open space for dialogue across cultures. Together with an engaged public, we discussed the decoupling of the many corporate responsibility efforts on one side and the pretty poor state of the world on the other side. The Business Sustainability Typology (BST) developed by Thomas Dyllick and me served as welcome framework for the discussion. It allowed to channel and focus the various perspectives and enabled a positive, solution-oriented nature of our discussion. The BST differentiates between three types of business sustainability and challenges organizations to fundamentally rethink their corporate strategy to become “truly sustainable”. This BST 3.0 ideal state invites business to adopt an outside-in perspective and to start by considering burning societal issues and evaluating what relevant resources and competencies they have to help solve these challenges. Or, as Peter Drucker said: “Every single social and global issue of our day is a business opportunity in disguise”.
Much time was spent considering alternatives to address and resolve the European refugees crisis and besides overcoming a defensive fear that is well present, we concluded that most urgently of all, we need a space where stakeholders discuss this problem and explore avenues of solutions. I concluded by referring to the 50+20 vision which out this responsibility squarely into the hands of public universities. With their unique convening power and the right stakeholder engagement facilitation (see the collaboratory solution), universities and also business schools can create the space to ensure that we start the dialogue now about how to integrate large numbers of immigrants into a Europe that has just become a new entity we need to redefine and embrace pro-actively.
On my way home, I have embraced my little part of an action: I will mobilize relevant stakeholders of European business school to issue a Call of Action for b-school to provide immediate and non-bureaucratic scholarships to refugees stranded in Europe, irrespective of their visa situation. And I am considering housing such a student at my place when Business School Lausanne will accept such students as early as next February. Obviously, I feel inspired! Thanks for a great afternoon.
Here some thoughts on boundaries (do they enrich or imprison us?) by my blogging partner Dr. Kathy Miller on the other side of the ocean.
by Dr. Kathy Miller Perkins
Note: this article is part of The Transatlantic Debate Blog series, which forms a conversation between Dr. Katrin Muff and Dr. Kathy Miller Perkins on business sustainability. Read the previous post here.
We live in a world of boundaries – a term that can be defined in many ways:
Some boundaries appear on maps as divisions between countries. Others are physical, such as fences or walls. In recent years technology has removed many of the boundaries that separated us in the past. However, internal or psychological boundaries seem to have become more entrenched now than ever before. And since boundaries of any type can enrich or imprison us, the question I am exploring this month is this: How can we ensure that the boundaries which frame us…
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