Guiding business towards a more sustainable future | January 30, 2019

The Power of One – Guiding business towards a more sustainable future

In 2015 a study by the Economist Intelligence Unit estimated the value at risk to the total global stock of manageable assets, as a result of climate change, at $4.2 trillion to $43 trillion, between now and the end of the century. The timing and nature of the impact of a warming climate may differ across geographies and business sectors but the scale of disruption to markets, customer behaviours, supply chains, and therefore the whole risk environment in which companies operate, is potentially huge.

Climate change scientists have long made the case for urgent action – but this concern is spreading to a wider community of business advisors and investors. A recent report by Schroders creates a dashboard of 12 indicators which track progress towards different temperature change scenarios. Their current aggregate analysis shows the world on a pathway towards an average 4° increase. Such an increase would trigger regional heatwaves that would make many currently densely populated areas uninhabitable and lead to sea level rises of 10m to 60m, swamping coastal conurbations across the world.

Not surprisingly, investors are increasingly concerned about loss of asset values and are starting to put pressure on boards to take sustainability into account in their decision making.

So how are boards responding to this challenge and how can we, as NED’s and leaders of our respective businesses, help? For the first of our NED lunches of 2019 we will be joined by Julie Baddeley and Julie Driscoll, two leaders who are focused on bringing about this change to industry at large and in particular, the fashion and retail sector (full Speaker Biographies below). We will also be joined by Kate Wakeling, who has the fantastic job title of being Ted’s Conscience at Ted Baker plc. Kate will bring her perspective from a leading global fashion brand to the conversation and share Ted’s ambitious targets around sustainability. Ted Baker is aiming to reduce carbon, water and the waste generated or consumed by its products by 15% by 2020, alongside other sustainable goals for the business overall.”

I hope you will join us for what will undoubtedly be both an inspiring and challenging session for us as NED’s and business leaders alike, but without a doubt speaking to our WACL Vision and perhaps help us to find our way to “speak up” on this topic in our organisations. For further information there are a number of links to articles, press releases and videos that you may find useful below.

Please come and join us at the first Wacl NED lunch of 2019 that is being held on Wednesday the 30th of January 2019 from 12:15 to 2pm hosted by the wonderful Sharon Baylay at ITE’s Paddington offices located and The Studios, 2 Kingdom Street,  London W2 6JG (closest Tube station is Paddington).

Speaker Biographies

Julie Baddeley MAOxon
Julie Baddeley has served on the boards of major organisations in the public and private sectors for more than 20 years.  She was Chairman of global recruitment company Harvey Nash plc until its successful sale in October 2018, and is non-executive director of Ebiquity plc an international marketing analytics business, and Senior Independent Director of Marshall of Cambridge.  She has recently become a By-fellow at Cambridge University where she has established the Hughes Hall Centre for Climate Change Engagement.

Julie is leading a series of initiatives with investors, scientists and advisors to help chairs and non-executive directors recognise the challenge of climate change to their businesses, and their business’ impacts on global warming.   Her background was in change management consulting with Accenture, and she believes that delivering a zero carbon economy as the biggest change challenge for business in her lifetime.

Julie Driscoll, MBA
Julie Driscoll is UK Managing Director at ITE plc, responsible for the UK’s largest portfolio of B2B retail & fashion trade events including Spring and Autumn Fair, Pure London, Scoop, Jacket Required and Moda. Annually these UK events bring over 100,000 buyers together with over 6,500 exhibitors within the retail and fashion sectors.

London’s largest festival of fashion, Pure London, and British fashion commentator, activist and Professor of Diversity Caryn Franklin M.B.E. MSc (Psych) MBPsS, are joining forces to advance the United Nations’ Sustainable Development Goals, also known as the Global Goals, and have launched the Power of One campaign and a set of pledges that they are inviting the industry and individuals to adopt.

Designed to galvanise the fashion industry into being more ethical and sustainable, the Power of One champions individual actions and invites small changes in the way we produce, consume, and reuse clothing to collectively make a substantial difference to the effect we are having on the world, the people living and working in it and our natural environment.

Julie has 14 years’ experience in leading world-class brands to award winning status across various media including digital, sponsorship, publishing and more recently exhibitions at Emap, I2I Events Group, Ascential and now ITE.  Julie has also recently completed an MBA at Imperial College Business School where she was awarded the inspiring woman business leader scholarship. She enjoys mentoring aspiring business leaders and is dedicated to nurturing young talent.

Please find a link to Pure London press release: 

Please also find a link to Pure London website

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