Focus Vol 100

Achieving Sustainable Profitablility
The Year 2020-2021 will be remembered as the year of pandemic, mega-wild-fires, and natural disasters – mainly caused and amplified by climate change. Natural disasters alone caused overall loss of $210 billion last year. However, it will also be known as a year when many corporations moved their sustainability strategy out of their CSR programs and incorporated it as a part of company’s core strategy for long term success. In fact, the number of companies where a Chief Sustainability Officer (CSO) has been appointed increased 228% among fortune 500 companies, from just 29 CSOs in 2011 to 95 CSOs in 2021; 31 of whom were hired in 2020 for the first time. We have travelled a long road since 2004, when Du Pont became the world’s first publicly traded company to appoint a CSO: Linda Fisher.

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