Join Chief Sustainability Officer Allyson Anderson Book from Baker Hughes and Global Reporting Leader Nadja Picard from PwC Germany as they discuss the evolving landscape of ESG reporting, the transition from compliance to strategic opportunity, the roles of CEOs and CFOs in driving sustainable strategies, challenges in achieving net-zero goals, and advancements in sustainability practices and governance.
Aligning company strategy with sustainability drives change and unlocks growth opportunities.
Global alignment in reporting standards ensures transparency, comparability, and trust in reported data.
Deep dives
The Importance of Sustainability Reporting Transformation
Through conversations with industry experts like Magi Picard, partner and global reporting leader at PWC Germany, the episode delves into the significance of sustainability reporting transformation. This transformation goes beyond mere compliance requirements to become an opportunity for companies to drive change by integrating sustainability into their business strategies. By aligning company strategy with sustainability matters, organizations can navigate reporting challenges and unlock opportunities for growth.
Global Alignment of Reporting Standards
The discussion extends to the need for global alignment in reporting standards, as highlighted by panel discussions at forums like the World Economic Forum. The alignment of standards, like those set by the ISSB and ESRS, is crucial for ensuring transparency, comparability, and trust in reported data. The harmonization of standards prevents discrepancies, reduces reporting burdens, and fosters a deeper dialogue between companies and stakeholders.
Impact of Regulations on Reporting Practices
The conversation shifts towards the role of regulations, particularly the Corporate Sustainability Reporting Directive (CSRD), in reshaping reporting practices. The CSRD mandates reporting locations, sign-offs, and assurance, necessitating a comprehensive approach to sustainability reporting. Compliance with regulations like the CSRD drives companies to enhance their reporting quality, address risks, and seize opportunities, ultimately reshaping the value creation agenda.
Role of Leadership in Sustainability Initiatives
The episode explores the involvement of CEOs and CFOs in sustainability efforts, highlighting their distinct but complementary roles in driving sustainability initiatives. The CEO's leadership in aligning sustainability with business strategy sets the tone for organizational action, while the CFO plays a crucial role in enabling transparent reporting through data governance and technological advancements. Effective engagement of leadership fosters trust, supports strategic decision-making, and drives sustainable outcomes.
This mini-series combines two of the most popular episodes of the season: “The Future of ESG Reporting,” featuring Allyson Anderson Book, chief sustainability officer at Baker Hughes, and “Reporting Led Transformation,” with Nadja Picard, partner and global reporting leader at PwC Germany. Listen as both guests discuss the dynamic landscape of ESG reporting and its role in sustainable business.
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