Navigating climate uncertainty: Strategic planning with imperfect data
by Sam Gill
Welcome to SLR’s Actions for Business report, where we explore the topics we believe will shape the responsible and sustainable business agenda in 2024. We’re delighted to welcome voices from our Strategic Advisory colleagues across our global regions and from our acquired brands including Carnstone, Finch & Beak, IBIS and RCS Global.
The video below gives a snapshot of the ten topics the Actions for Business report covers; each explained in context, and alongside three actions per topic which business can be thinking about and implementing now in the move to more sustainable and responsible operations.
The past year’s events have highlighted the challenges businesses face in navigating constantly changing political, societal, economic and regulatory landscapes. This theme will carry forward into 2024, which is set to be a record year for elections worldwide, bringing with it the propensity to increase volatility across all facets of ESG. In addition, reporting, disclosure and regulations are becoming ever more mandatory, meaning that building resilience to macro and micro factors becomes as important as sustainable business growth. Alongside this, companies will need to consider how to responsibly share resulting wealth more widely and proportionately – all the while guided by their purpose.
How these businesses respond significantly impacts people, not just the climate, thus sustainability strategies should always incorporate how their plans can either reduce the negative impacts or contribute positively to people’s lives. The role of purpose therefore comes full circle. A clear, meaningful purpose will help businesses navigate these demands by articulating the positive difference they are making, operating alongside the values, behaviours and transparency expected by stakeholders.
SLR’s purpose is Making Sustainability Happen, and we’re committed to partnering with our clients to help solve evolving and often complex global sustainability challenges. The diverse topics we’ve highlighted present opportunities and recommendations for business to progressively move the sustainability dial for the year ahead. We’ll be unpacking each topic in detail throughout the year, with additional insights from colleagues working at the forefront of these challenges.