In the beginning of March, Worldfavor participated in Danske Banks webinar - Sustainability risks and opportunities in the green transition. The webinar was hosted by Danske Bank's Sustainability Manager Karin Reuterskiöld and joining her, to talk about how Worldfavor as a partner to Danske Bank can help with this, were our Customer Success Team Lead and Sustainability Expert Josefin Wittlock.
The webinar, hosted by Danske Bank, was centered around a conversation on sustainability and why it's important for companies to identify sustainability risks and opportunities from a profitability perspective.
Additional topics in the webinar were tips on how to start your sustainability journey, the importance for companies to focus on ESG and what will be demanded in the future by investors, society and customers.
Watch the full webinar here:
Key takeaways:
- Does reporting ESG data require that you have all your data ready at the same time? No, sustainability is a journey and right now, many companies and organizations are navigating through this. The most important thing is to get started.
- Don't be afraid of asking for help at the beginning of your sustainability journey, in order to know what is most important to your company or organization. This can help you see what the most important data is for your company or organization to be able to be in line with upcoming laws and regulations. It simply helps you to be one step ahead when it comes to ESG.
- Research and experience show that companies that take on their sustainability challenges (opportunities and risks) have a longer life span, are more profitable and have a better financial stability. It's important to follow the development of society in order to be relevant to customers, employees and customers.
- The transition to a more sustainable society is something that companies need to address, both the risks and the challenges. There are endless business opportunities to be found here.
- The transition to a more sustainable society is an important issue when looking at the trends in society that are having an effect on companies. The new regulations from the EU aim to make society more sustainable - for example the new EU Taxonomy regulation.
- It's important to identify which stakeholders are important for your company and to understand which factors are important for these particular stakeholders. The next step is that you take advantage of the opportunities. Make sure to collaborate with customers, invest in new sustainable processes and show what investments you make and how these link to sustainability.
