ESG Quick Takes
Quick Take 2 - Taking corporate sustainability local: the case of NYC
Dec 20, 2021
In this episode, Marianna Koval from NYU Stern's Center for Sustainable Business talks about pushing for corporate sustainability in NYC. She discusses the importance of city-level efforts, addressing financial barriers for businesses, and the challenges of implementing equitable projects. The speakers express optimism for the future of corporate sustainability and emphasize the shift towards stakeholder capitalism.
09:14
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Quick takeaways
- City-level efforts are crucial in achieving sustainability goals by translating global frameworks into local actions.
- Finance poses a challenge for businesses engaged in sustainability goals, requiring longer-term investment and bridging the gap between goals and financial support.
Deep dives
Importance of City-Level Efforts for Sustainability Goals
City-level efforts are crucial in achieving sustainability goals due to their ability to translate global sustainability frameworks, such as the United Nations Sustainable Development Goals, into local actions. These goals provide a clear framework for cities to address environmental challenges and work towards a more sustainable future. Localized sustainability efforts, driven by collaboration between government, the private sector, educational institutions, and community organizations, play a vital role in advancing sustainability. By involving multiple sectors in crafting sustainability plans and setting measurable goals, cities like New York can make significant progress towards their sustainability objectives.
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