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Small Actions, Big Difference

January 06, 2020 / 35:41

This episode features Sandy Hunt and CB Bhattacharya discussing corporate sustainability and social responsibility. Topics include the integration of sustainability into corporate strategy, the challenges companies face, and actionable steps for improvement.

CB Bhattacharya, the author of "Small Actions, Big Difference," shares his journey from marketing to sustainability, influenced by his early work with Ben Cohen of Ben & Jerry's. He emphasizes the importance of integrating sustainability across all organizational functions rather than relegating it to a single unit.

Key challenges discussed include the misconception that sustainability is merely an extension of corporate social responsibility and the need for a philosophical shift in how companies approach sustainability. Bhattacharya argues that true sustainability requires a change in mindset beyond profit to encompass purpose.

He outlines three steps for companies to improve sustainability: incubate (defining purpose), launch (engaging employees), and entrench (making sustainability a core practice). Bhattacharya stresses the importance of employee ownership in achieving sustainability goals.

The episode concludes with a call to action, urging listeners to recognize that small actions can lead to significant change and that being a bystander is no longer an option.

TL;DR

CB Bhattacharya discusses corporate sustainability, its challenges, and actionable steps for companies to integrate sustainability into their core strategies.

Episode

35:41
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good afternoon I'm sandy hunt managing
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director of the wharton and social
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impact initiative and i'm delighted to
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welcome you to our conversation today
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with cv Bhattacharya CB is the H J's
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offer chair of sustainability ethics at
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the University of Pittsburgh's Katz
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Graduate School of Business and the
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author of the great new book small
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actions big difference
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welcome to Wharton CB thank you for
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having me so you have a rich career in
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this space tell us a little bit about
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how you got interested in this topic
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well I'm actually back at my alma mater
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so my PhD was from Wharton and it was in
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marketing which doesn't have a direct
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link to what I do today but as I was an
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assistant professor back in the day at
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Emory University during that time I met
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a gentleman by the name of Ben Cohen and
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he was the CEO of this company called
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Ben & Jerry's so he was the Ben of Ben &
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Jerry's and he asked me kind of an
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interesting question he said you know we
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do a lot for the environment and we do a
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lot for society can you help me
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understand if what we do for the
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environment and for society does it help
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us sell ice cream and I found that to be
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a fascinating question and this is the
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mid-1990s mind you I found it a
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fascinating question on multiple fronts
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first he was talking about sales and how
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to increase sales and as marketing
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people we are always talking about how
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to increase sales on the other hand he
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was talking about environmental
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attributes and social attributes of a
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product kind of driving sales and nobody
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was looking at that at that point in
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time and so I said ok I don't know the
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answer to this question but I'm gonna
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you know think about it and so that
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really started my transition to the
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field of what we now call corporate
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social responsibility or our CSR and
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that proved to be kind of the turning
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point for my for my career and then one
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thing led to another you know there were
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several articles to be to be written
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several questions to be explored and I
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started down that path and as I was
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searching for my last book leveraging
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corporate responsibility I made an
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interesting observation and the
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observation was that these corporate
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responsibility managers or
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sustainability managers in companies
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companies like P&G General Mills
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Timberland I you know research all these
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companies they were all very smart very
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good people but they were kind of lonely
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and what I mean by that is that they did
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not have a seat at the strategy table of
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the company and to me this truck as as
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odd and not something good for the field
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because in my research I had found that
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it's only when CSR is treated as a
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strategy only then does it benefit the
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firm and benefit society and so on and
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so forth so I started thinking about my
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next book which now comes out as small
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actions big difference means how can we
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you know on board the entire
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organization into this journey of making
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our companies more more sustainable so
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that in short is kind of how I get here
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excellent and before we go into the
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solutions the book outlines let's talk
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about the problem you say this isn't
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working at companies for two reasons one
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is that bosses delegate the task to a
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single unit rather than integrating it
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throughout the entire corporate strategy
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and two is that boards believe
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unsustainable practices can be solved by
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a change in management let's talk about
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how those show up and and and really
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illustrate those problems what does it
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look like in the first case how do you
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how would you know gosh that's that's my
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company we need to change right so there
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is this mistaken conception in the field
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in in large parts of the corporate field
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I would say that sustainability the
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well-being of our planet and its people
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is the next iteration of CSR or
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corporate social responsibility in fact
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I'm going to India next week to speak at
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a conference which is called CSR 3.0
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so it's it's like you know goes higher
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and higher now this is this is wrong
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because sustainability has to do with
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the survival of the company and as such
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it deals with every organizational
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function you know starting from
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procurement where do our materials come
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from to disposal kind of where do our
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products kind of end up and as you can
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imagine every part of the organization
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is touched by the concept and actions
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that have to do with sustainability so
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the lens yeah so that's why I call
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conducting business through the
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sustainability lens so everybody has to
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be on board and just relegating it to
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one unit so that you produce a
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sustainability report in which you just
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kind of note what all you've done as a
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company in insuring yourself as a good
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corporate citizen is necessary but
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nearly not sufficient so when a company
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is doing it right is there someone in
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each division or sector that is sort of
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a part of the sustainability team how do
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you make sure it's not siloed yes that
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that happens first of all oftentimes
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there are no sustainability teams as
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such because sustainability is fully
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integrated into product development in
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you know into into R&D into branding
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into human resource management into
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procurement all of that and any team
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that you will find is we has what's
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called sustainability generalists
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multiple people working in that who may
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not have a very deep knowledge of the
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science of sustainability or whatever
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but who know enough so as to make those
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business decisions with that lens of
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sustainability priority and they're
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making sure that it's just that it's
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always integrated into every business
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decision made from the mailroom to the
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boardroom
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that's that's how it happens in certain
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companies in other companies you're
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absolutely right I mean there will be
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somebody from marketing somebody from HR
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somebody from procurement and they will
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be kind of the ambassadors if you will
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to the overall kind of corporate
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sustainability leadership leadership
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team and then they in turn kind of
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cascade stuff
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through their respective departments so
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I have seen both of those happening so
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that's the first way you see it not
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working and a little bit on the solution
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the second challenge you raise is that
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it's not about a change in management or
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change management it's really about
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changing how a company philosophically
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thinks about sustainability tell me more
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in our field in the corporate world we
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have this belief that change management
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can pretty much fix everything so the
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lean manufacturing and all those change
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management you know quality move
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consulting so and that's the bread and
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butter of consultants so I have seen
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several organizations who will say well
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we can get in a McKinsey or an Accenture
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to kind of you know launch our
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sustainability program it that's all
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very good except sustainability speaks
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to the very philosophy of business and
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to the philosophy of the corporation and
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change management does not do that so
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traditional change management
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initiatives are still focused on how to
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increase profit whereas when it comes to
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sustainability the first thing we're
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saying is that we have to go beyond
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profit to think about purpose what is
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the purpose of the organization and the
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purpose of the organization really is to
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play a role in society and and to be
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helpful towards the environment to serve
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customers so it's a multi-stakeholder
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kind of a concept and as you know the
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Business Roundtable recently came out
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and said that you know we need to go
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beyond profits Larry Fink has been
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writing his letters and so on so it's
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when we think that you know a chain
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management exercise can fix
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sustainability again I think we are kind
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of ignoring some very important
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underpinnings of the concept
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particularly when it comes to kind of
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convincing your employee basis that this
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is something worthwhile kind of engaging
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in rather than kind of being being being
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bystanders so so rather than change in
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management I would just cut out the end
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it was more about kind of thinking that
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change management is gonna be able to
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fix it and that's wrong it won't
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excellent for companies that don't have
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the expertise in-house you're speaking
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to why
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bringing someone in from the outside may
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not be the solution what would your
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advice be if they are looking into to
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bring in insight or some valuable
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perspectives about how to be a more
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sustainable company yeah so I'm not
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saying don't bring someone from the
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outside I mean if you don't know what to
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do you need you need help and there are
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you know commercial consulting
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organizations there are also people like
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myself and others who work in the field
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who might be able to help so that's all
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fine and good but I think what is
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important is for whoever kind of comes
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in to help to understand this concept of
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kind of it's it's just different from
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it's somewhat sustainability is a
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different kind of an animal and and
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let's try to understand kind of you know
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go take a step back and see why business
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exists in the first place and why is it
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important that's really important
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because if we don't ask that question
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why do we do what we do as an energy
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company I mean my job literally is not
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to sell electricity but it is to keep
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people comfortably warm or cold or help
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them do whatever they want to do with
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electricity and that's a huge mindset
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shift and when you when you define your
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purpose any company they will always
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find that sustainability kind of is
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inherently built-in into that definition
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and so anyone who comes in to help you
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out help any company out as long as they
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have the right kind of perspective on
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what sustainability entails and what it
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would take to change an organization to
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transition its business model to be more
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sustainable I think you're fine
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excellent let's get into the solutions
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because I bet viewers are watching this
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and saying gosh this seems like a hard
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nut to crack so your book outlines three
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steps can you summarize them for us sure
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yeah so the three steps are incubate
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we're by and large it's the leadership
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team and who gets together to define
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that all-important purpose that I talked
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about what's the company's purpose and
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then they come up with
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of concrete goals so the issues that are
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material for their company because a
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cement company could be very different
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from kind of a a consulting company or a
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financial services company or what have
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you
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everybody doesn't have to solve all the
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problems in the world so the second
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phase is launch and that's when we kind
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of unfold that program for the employee
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base of the company and potentially
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other stakeholders as well like you know
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community members supply chain members
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even customers and so on and the third
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phase is called entrench where you
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undertake a set of practices that makes
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acting sustainably are doing business so
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that lens of sustainable sustainability
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kind of like second nature you know and
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and there we talk about kind of you know
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providing feedback on progress you know
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through metrics and KPIs
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we talked about creating this vibrant
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culture of sustainability in the
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organization so that it's kept fresh and
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it doesn't become another flavor of the
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month and then I talked about expanding
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your sense of kind of ownership so that
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it's not just about me anymore my
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company but it's about the planet and
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that's where we see traditional
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competitors collaborating you know to
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solve what I call the tragedy of the
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Commons problems like kind of
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deforestation or we eat waste
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that no one company can solve by itself
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so those incubate launch and entrench
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are the three steps of my model
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excellent let's dig in a little bit on
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the incubation step you're setting that
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mission that purpose is that unique for
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each company or do you see companies
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within a particular sector all sort of
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having the same mission and purpose I'm
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asking as I think about leaders who are
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going to watch this interview read your
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book by and read your book and then sit
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down at the right board and say how do I
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know I've landed at the the real purpose
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statement or mission statement of this
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company right so it's a two-fold answer
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to that any purpose I believe would have
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to have some kind of a normative
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component so I'm not just doing or
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defining the purpose of the four
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so that it resonates with my
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stakeholders it also has to be is this
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really what we are trying to trying to
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accomplish or or or not what comes from
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our hearts and minds as leaders and and
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a leadership team and then I can check
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to see is this something that that gets
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buy-in from my employees first and
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foremost but out of all the stakeholder
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groups that I have if it does if
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employees seem to understand that this
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is what we are trying to do it should be
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reasonably easy to communicate otherwise
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purpose gets gets very very can get lost
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and then you know it's defeated but if
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it if it is something that's true to who
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you are as a company and this is what
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you're really trying to do and you know
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it it has buy-in your employees say yes
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I mean this is this is a good goal for
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us you know this is this is indeed why
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we exist as a company then then I think
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you're you're alright and every company
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does not have to even within the same
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industry every company does not have to
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have the same exact same purpose I mean
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so the purpose of all car companies
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might be to provide mobility which is in
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fact the basic purpose the reason I
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think that they're trying to do this but
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that does not mean that somebody cannot
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add comfort to it or somebody else
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cannot add you know speed or the
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experience or you know or a rush or
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whatever you call it so there are
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definitely ways to kind of you know
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change your purpose to to give it a
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certain uniqueness relative to others
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you talked about checking it with your
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employees as the first stakeholder group
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what does that process look like so you
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come up with a purpose statement and you
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want to see if it resonates with your
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employees that's a way to test if it's
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the right statement for your company
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what do you do you can do a town hall
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meeting you know so we're you it's an
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open forum where employees come and you
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know you can just have a Q&A session
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I've seen CEOs lead this kind of a
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process and it can be quite energizing
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for for the employees employees can
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provide feedback it can also be done
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kind of
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the departmental kind of level so if the
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CEO and his or her leadership team have
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defined the purpose they can you know
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you have these different ambassadors who
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can go out to their respective kind of
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reports and can find out what what what
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people are thinking about it
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the main thing is that it has to have
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buy-in both externally and internally
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and by gauging the energy or the
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resonance with what you're talking about
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kind of you know that's the surest way
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to know if you if you're on the right
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path or not so that one's a little R in
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a little science or a lot of it is a
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little art a little science excellent so
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let's go into the second step where
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you're making your goals more concrete
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sort of how I you know took that away
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when it comes to social impact issues
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sometimes you have blurry edges we'll go
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back to your car example you know it's
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to get people places is it to get them
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there safely is it to do it with the
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smallest you know environmental
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footprint is it to do so building
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community is it to do so safely for
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children pets so on and so on how do you
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know how do companies draw the right
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line around those sort of specific
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dimensions of impact so that they aren't
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trying to boil the ocean and target 100
00:16:56
impact dimensions because it can get
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really tricky to know when to say when
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sure that's a great question so what
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companies typically do is something
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called a materiality analysis which in
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very simple terms is kind of what do our
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stakeholders think are the most
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important issues kind of facing the
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company and what do our managers think
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are the most important issues facing the
00:17:22
company and so stakeholders rate all
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these different issues that you talked
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about kind of you know I've participated
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as a stakeholder in several companies
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surveys in terms of their materiality
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surveys and and B just from our
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knowledge of the industry from the
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knowledge of the company we say ok I
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know these kinds of things are really
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important and then the company you know
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chooses a set of employees as well too
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to rate the same universe of issues in
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terms of how important is it for the
00:17:53
company and then the the materiality
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matrix is simply kind of you know
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plotting those on a two-dimensional
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access kind of you know and so the
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importance according to the employees
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and the importance according to the
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stakeholders and then we choose
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typically the company will choose those
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issues which are deemed important not
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only by the company itself but also by
00:18:16
the marketplace of of stakeholders and
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more than three or four issues can make
00:18:22
it or seven let's say in the case of
00:18:24
Unilever it can you know it can get very
00:18:27
very complicated now the question is why
00:18:30
is this step important you don't want to
00:18:32
boil the ocean because if you if you
00:18:34
don't focus on anything this is a quote
00:18:37
in my book if you don't focus on
00:18:39
something then nothing gets done so you
00:18:41
know you got to prioritize you've got a
00:18:43
pick I mean let's talk of carbon carbon
00:18:45
is extremely important for let's say
00:18:48
Lafarge wholesome this large cement the
00:18:51
largest cement produce in the world but
00:18:53
it is much less important for let's say
00:18:56
a company like ing financial services
00:18:59
you know for whom something like
00:19:02
cybersecurity may be much more important
00:19:04
so it's - materiality is one way that we
00:19:07
can boil down and distill our our goals
00:19:10
and and into into concrete bite-sized
00:19:13
kind of chunks and it's easier to
00:19:17
disseminate this goals and the
00:19:20
priorities to kind of the employee base
00:19:23
and to the stakeholder base I mean I
00:19:25
mean think of companies like La Farge or
00:19:27
Unilever are IBM they have hundreds of
00:19:30
thousands of employees and you know to
00:19:32
get into their heads kind of okay these
00:19:34
are the three things that are important
00:19:36
that makes progress much much easier
00:19:38
down the road absolutely especially to
00:19:40
consumers I'm imagining the effort it
00:19:42
takes for companies to say this is what
00:19:44
we care about you want to keep that list
00:19:46
yeah mm-hmm not not limitless so then as
00:19:50
we go to the end you and to the third
00:19:52
step you talked a lot about employee
00:19:54
ownership really getting this to be
00:19:56
something that every single employee at
00:19:58
the company sees as a part of their job
00:20:00
as a priority of theirs
00:20:02
you talk about the heart and the head
00:20:04
both being necessary can you tell us a
00:20:06
little bit more about that yeah so so
00:20:08
ownership is really kind of the
00:20:11
centerpiece I think of this whole thing
00:20:13
I mean there are companies who are
00:20:16
giving directives to their to their
00:20:18
employees kind of okay we need to be
00:20:20
more sustainable we need to do this we
00:20:22
need to do that but what's happening
00:20:25
if you do not go through this process of
00:20:27
instilling the sense of ownership then
00:20:29
it becomes like you know going to the
00:20:32
gym because I have to go to the gym and
00:20:34
and my heart is not in in this thing
00:20:37
what ownership does and psychology this
00:20:39
is a psychological ownership you're not
00:20:41
owning something physical but what
00:20:44
ownership does it makes the individual
00:20:47
employee take responsibility you know
00:20:50
for sustainability regardless of whether
00:20:52
he or she is in the mailroom or whether
00:20:54
he or she is in the boardroom like
00:20:56
everybody can make make a difference and
00:20:59
so to to instill that sense of ownership
00:21:02
I have to make an appeal and I call this
00:21:05
enticing employees to kind of on board
00:21:08
and it's different strokes for different
00:21:10
folks so the right thing to do this is
00:21:14
the right thing to do it's the right
00:21:15
thing to do for our planet it's the
00:21:17
right thing to do for our children we
00:21:20
will be extinct I mean all of these
00:21:22
things are are going you know people are
00:21:24
reading about in the newspapers so
00:21:25
several employees will resonate with
00:21:28
this right thing to do kind of argument
00:21:30
the other argument is well this is not
00:21:33
only the right thing to do but it's also
00:21:34
the smart thing to do because this look
00:21:37
this is saving you money so I spoke to
00:21:40
Lisa Jackson who's the top
00:21:43
sustainability person at Apple and she
00:21:46
said that the most fun part or one of
00:21:47
the most fun parts of her job is to
00:21:49
actually go into businesses and say you
00:21:51
know look this is going to not only
00:21:53
going to save you
00:21:55
the amount of metals in you use in these
00:21:58
products but it's also saving you money
00:22:00
at the same time but it's a nicer saving
00:22:02
because it's also helping the planet so
00:22:04
the head and the heart kind of work in
00:22:07
tandem you know and therefore you know
00:22:10
companies oftentimes will use one or the
00:22:15
other but
00:22:16
very often a mix above yeah let's talk a
00:22:18
little bit about that you said
00:22:19
sustainable investment takes time to pay
00:22:21
off you will have to spend money to get
00:22:23
your house in order but once the returns
00:22:25
start coming in then there's no conflict
00:22:26
between the sustainability and the
00:22:28
profitability let's talk a little bit
00:22:30
about that timeline because I think this
00:22:32
is a concept most everyone can get
00:22:34
excited about but often what comes into
00:22:36
play is how much do I need to invest and
00:22:38
when will I see those returns returns in
00:22:40
terms of profits returns in terms of
00:22:42
employee engagement and environmental
00:22:45
impact can you talk about what you've
00:22:47
learned about those timelines sure
00:22:50
another great question
00:22:54
there is not I would start by saying
00:22:56
that there is not kind of one timeline
00:22:59
and it depends on the kinds of
00:23:00
initiatives you undertake in almost
00:23:03
every organization I've studied it seems
00:23:06
like there there's low-hanging fruit and
00:23:09
the low-hanging fruit really does not
00:23:12
take long to to fix
00:23:15
unless you're overly bureaucratic and
00:23:17
the low-hanging fruit oftentimes is as
00:23:19
well kind of you know things that have
00:23:23
high symbolic value high signaling value
00:23:27
even if they are not the one that's kind
00:23:30
of the the most intense sustainability
00:23:33
activity that you could undertake what
00:23:34
would an example there so an example of
00:23:36
low-hanging fruit would be to basically
00:23:38
say kind of this is this is a plastic
00:23:42
freeze you know a single plastic use
00:23:45
free zone in our office we do not bring
00:23:47
single plastic use bottles you know if
00:23:50
we each have our respective coffee cups
00:23:52
or mugs and water water bottles and so
00:23:54
on and so forth and that's not that
00:23:58
difficult to do but it has a tremendous
00:24:01
impact on just the employees kind of you
00:24:05
know light bulbs going off hey I mean
00:24:09
you know my company is taking this
00:24:10
seriously I mean you know so no more
00:24:12
companies go to the next step and say we
00:24:14
will not have individual waste paper
00:24:16
baskets in every office you know you
00:24:17
will need to go to the common area and
00:24:20
segregate your wastes into you know
00:24:22
what's recyclable what's compostable etc
00:24:24
etc and you know what not having your
00:24:27
own waste paper basket actually
00:24:29
makes you produce less waste really
00:24:31
bitter on because a huge behavior driver
00:24:35
that's that's that's absolutely correct
00:24:37
so these initiatives can can literally
00:24:41
be done kind of you know in that three
00:24:43
to six months time visibility quick wins
00:24:49
now then though you know if you want to
00:24:53
change your entire procurement system
00:24:55
you want to like install audits at your
00:24:59
suppliers which you should be doing
00:25:01
those take a little bit longer to kind
00:25:04
of pay off you want to build a factory
00:25:06
which is going to be completely
00:25:08
modernistic and and up to code and so on
00:25:11
that's those those take a little bit
00:25:13
longer to pay off but it's a journey and
00:25:15
the most important thing is to get
00:25:17
started you've got to get started with
00:25:20
something that's noticeable and kind of
00:25:23
you know becomes the cooler top you know
00:25:25
so people congregate around the water
00:25:27
cooler and actually start chatting about
00:25:28
it but their reusable water bottle you
00:25:33
know there's the a lot of snowball
00:25:34
philosophies and it sounds like what
00:25:36
you've seen is that when you do get
00:25:38
these processes implemented they begin
00:25:40
to start to snowball have you seen any
00:25:43
cases where companies have had success
00:25:45
jumping right to big things as their
00:25:48
first investment and sort of making a
00:25:51
seismic shift and how they do business
00:25:53
and capturing that transformative energy
00:25:56
simultaneously simultaneously yes so
00:25:59
once company I studied was was Marks and
00:26:02
Spencer for example this large retail
00:26:04
organization across the world and they
00:26:08
took a very deliberate stand by the said
00:26:10
that kind of you know it should not be
00:26:13
that if we are going to open a new
00:26:15
retail store that someone has to decide
00:26:19
individually kind of what kinds of
00:26:21
lights to order and what kinds of
00:26:23
insulation to have said their plan is
00:26:26
called plan a because there is no plan B
00:26:29
so that's what it says on the thing and
00:26:31
and in and it's I spoke to the chief
00:26:34
sustainability officer there and he told
00:26:36
me that you know plan a just happens at
00:26:38
the push of a button I mean you know
00:26:40
it's not that somebody actually has
00:26:42
default it's the default is the default
00:26:44
option so they've tackled some some big
00:26:47
things in the in in in the in in in
00:26:51
those kinds of spaces in the operation
00:26:53
spaces where actually you do save a lot
00:26:56
of energy and you know and save a lot of
00:26:58
emissions and so on but they've also at
00:27:01
the same time kind of worked with their
00:27:05
employees to say look we're a retailer
00:27:08
so if we exist in communities that
00:27:12
community is not gonna be happy or
00:27:16
satisfied to know that our store is kind
00:27:20
of you know has the latest technology
00:27:22
you sustainable technologies kind of
00:27:24
embedded into it the community will
00:27:27
actually want to see some outreach from
00:27:30
the stores to work with them I mean
00:27:33
employ disabled people in there in the
00:27:36
store or kind of you know help out with
00:27:39
with some charitable work or something
00:27:41
so that in a kind of there is that
00:27:42
feeling that you are you are one of us
00:27:45
so that was that's one example I can
00:27:48
give you where they're tackling kind of
00:27:50
multiple things and and at the same at
00:27:52
the same front excellent doing this
00:27:55
right
00:27:56
sounds like a competitive advantage
00:27:57
right you are getting high sort of
00:28:00
customer engagement high employee
00:28:02
engagement saving money are you seeing
00:28:04
companies share what they've learned
00:28:07
about how to be more sustainable or are
00:28:11
they kind of keeping it a secret sauce
00:28:12
because it is a competitive advantage
00:28:14
these technologies and these processes I
00:28:17
mean what I treasure trove of
00:28:19
information but it's also it's a
00:28:21
competitive landscape so what are you
00:28:22
seeing this that's that's also a very
00:28:25
very good question
00:28:27
it's again I mean it's it's a it's it's
00:28:30
a mix what you see out there is a mix I
00:28:32
mean there are companies that firmly
00:28:35
believe that sustainability needs to be
00:28:38
put in the pre-competitive space so you
00:28:41
know that's not something we we fight
00:28:43
about let's fight about who's whose
00:28:45
product does better in the in the
00:28:47
marketplace and so on and so forth but
00:28:49
they will collaborate on on technologies
00:28:52
and they will collaborate on kind
00:28:54
you know difficult problems like
00:28:57
deforestation how to be solved before a
00:28:59
station no one company can go it alone
00:29:01
when it comes to that so that's where
00:29:03
again collaboration is necessary
00:29:06
Unilever for example you know they had a
00:29:09
compressed canned deodorant and they
00:29:11
made the technology open-source NL which
00:29:13
is a very very large Italian electricity
00:29:16
company they have made much of their
00:29:18
technologies kind of also open to to
00:29:22
someone else so it depends on on the
00:29:25
company I know in the chemical industry
00:29:27
as well and if there are collaborations
00:29:29
that we don't see it's behind the scenes
00:29:33
in R&D and so on and so forth all with
00:29:36
the view to kind to make you know a host
00:29:39
of companies sustainable at the same
00:29:41
time conflict murals issue which came up
00:29:45
with this digital devices with the kids
00:29:47
in the Congo or mining these minerals
00:29:49
and they were coming into our phones so
00:29:51
there was this plea to kind of you know
00:29:54
clean up the supply chain a bunch of
00:29:57
organizations like Apple and Samsung and
00:29:59
Nokia they got together to clean up that
00:30:01
supply chain so I think I'm sure
00:30:05
companies do have secrets and they're
00:30:07
keeping some of them to themselves to be
00:30:10
able to play the competitive advantage
00:30:12
game but there's in the in the kind of
00:30:15
higher consciousness of things it's also
00:30:18
emerging that okay I mean you know this
00:30:20
is germane for us also so let's work on
00:30:23
it together
00:30:24
excellent well that's good to hear to
00:30:26
write this book you conducted over 25
00:30:28
interviews with multinational companies
00:30:31
over a hundred over hundred individuals
00:30:39
at those companies and what I thought
00:30:41
was interesting is those individuals
00:30:42
were sort of across the leadership
00:30:44
spectrum so you said mailroom to
00:30:46
boardroom type of thing was there
00:30:49
anything that everyone commented on any
00:30:52
Universal trends no matter the sector
00:30:54
role level yes that this is truly
00:30:59
important and we must be doing something
00:31:01
about this and it's high time and all
00:31:04
that kind of stuff everybody shares that
00:31:05
was there anything that surprised
00:31:07
from those interviews yes of course you
00:31:14
know it's it's it's interesting that
00:31:17
more than the interviews or the content
00:31:20
of the interviews what is surprising is
00:31:23
what you learn about organizations and
00:31:26
and how they operate
00:31:28
so there are organizations where kind of
00:31:32
you know you where they are happy to
00:31:35
have you videotape the interview for
00:31:38
example you know and there are
00:31:40
organizations where you cannot even
00:31:43
audiotape an interview right now that
00:31:46
says something I don't know what it is
00:31:48
but it says that companies operate kind
00:31:51
of companies operate differently there's
00:31:53
a company where the CEO might come
00:31:56
outside to to greet you and and and and
00:32:00
you know kind of sit you down and so on
00:32:02
and there are companies where you might
00:32:03
have to go through three or four levels
00:32:06
of admin assistants and so on to finally
00:32:09
get into the CEOs room so these are
00:32:12
things that you notice and you know
00:32:14
that's that you find kind of surprising
00:32:17
as well one thing I learned is that you
00:32:21
know the real stories really come out
00:32:23
when you move away from the c-suite
00:32:25
which is why I always made sure that I
00:32:29
spoke with some middle managers and
00:32:32
wherever possible I visited factories
00:32:35
and I spoke with the factory workers and
00:32:37
I just went to branch offices and so
00:32:39
just to see kind of is this ownership
00:32:41
concept that I'm proposing this buy into
00:32:44
sustainability wholesale employee
00:32:46
engagement is this real or is this
00:32:48
something that's just kind of you know
00:32:50
in the head office because that happens
00:32:53
that head offices are more but there
00:32:55
there's some very very interesting kind
00:32:58
of variations as you move across
00:33:02
different parts of of a giant of a giant
00:33:05
company well as we come to the end of
00:33:08
the interview if someone doesn't read
00:33:11
your book or doesn't even have time to
00:33:13
finish watching our interview here today
00:33:15
what are in a couple sentences the main
00:33:17
takeaway is that you would like anyone
00:33:20
who you know catches this interview
00:33:23
reads the blogpost about it what are the
00:33:25
couple things you'd really want them to
00:33:26
take away the first thing I would say is
00:33:30
that you know the cost of inaction is
00:33:33
higher than the cost of action I think a
00:33:37
lot of folks don't realize that not
00:33:40
reading the scientific news that is
00:33:44
coming out and the second thing I would
00:33:47
say is that you know you just can always
00:33:52
do something whether you work at a
00:33:55
company whether you are the CEO of a
00:33:57
company whether you aspire to work for a
00:33:59
company all of the even just even
00:34:03
leaving the consumer side aside for now
00:34:06
just thinking about the workforce and
00:34:09
the numbers we have in the workforce if
00:34:12
we can mobilize a significant portion of
00:34:15
that workforce we get something called
00:34:17
the million-man effect which is kind of
00:34:20
you know together we are stronger so I
00:34:22
want to leave everybody with the sense
00:34:24
that you know together we are stronger
00:34:27
and that small actions can make a big
00:34:30
difference and that no no no action is
00:34:33
small enough you know starting from the
00:34:36
mundane off kind of you know putting the
00:34:38
lights out to kind of figuring out
00:34:41
perhaps a way to suck carbon out of the
00:34:44
air or to kind of you know alternative
00:34:47
to plastic packaging or plant-based
00:34:49
burgers or whatever it is whatever is in
00:34:52
your realm of influence you have to do
00:34:56
it being a bystander is not an option
00:35:00
anymore you've got to lean in and be an
00:35:02
owner yeah well that could I don't think
00:35:04
would be a better way to end that call
00:35:07
to action for all of our viewers and
00:35:09
listeners that being a bystander is not
00:35:11
an option CB bhattacharya thank you for
00:35:13
not being a bystander for putting this
00:35:15
book and your work out into the world
00:35:16
the book is small actions big difference
00:35:19
and it is available now CB thank you for
00:35:21
your time thank you for having me
00:35:25
for more insight from knowledge at
00:35:27
Wharton please visit knowledge Wharton
00:35:30
UPenn edu
00:35:34
[Music]

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Episode Highlights

  • Small Actions, Big Difference
    CB Bhattacharya discusses his journey into corporate social responsibility and sustainability.
    “This is the mid-1990s, mind you.”
    @ 01m 17s
    January 06, 2020
  • The Three Steps to Sustainability
    Bhattacharya outlines the three essential steps: incubate, launch, and entrench.
    “If you don’t focus on something, then nothing gets done.”
    @ 18m 37s
    January 06, 2020
  • The Cost of Inaction
    The cost of inaction is higher than the cost of action in sustainability efforts.
    “The cost of inaction is higher than the cost of action.”
    @ 33m 30s
    January 06, 2020
  • Small Actions, Big Difference
    Mobilizing the workforce can lead to significant environmental impact through small actions.
    “Small actions can make a big difference.”
    @ 34m 24s
    January 06, 2020

Episode Quotes

  • This is the mid-1990s, mind you.
    Small Actions, Big Difference
  • Sustainability has to do with the survival of the company.
    Small Actions, Big Difference
  • If you don’t focus on something, then nothing gets done.
    Small Actions, Big Difference
  • Together we are stronger.
    Small Actions, Big Difference
  • Being a bystander is not an option anymore.
    Small Actions, Big Difference

Key Moments

  • CSR Transition01:51
  • Sustainability Philosophy07:00
  • Materiality Analysis17:04
  • Ownership20:44
  • Sustainability Responsibility20:47
  • Right Thing to Do21:14
  • Plan A26:26
  • Call to Action35:07

Words per Minute Over Time

Vibes Breakdown

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