Lead Cross-functional alignment - INTERMEDIATE

Cost
LOW
Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
HIGH

Because sustainability requires systemic change and an entire organisation to change, silos need to be broken down.

Create cross-functional teams:

While finance can enable internal decision-making through capital and resource allocation and monitor the company's financial performance, marketing and communications teams, which are at the heart of enabling the flow of business between internal teams and external stakeholders, can drive stakeholder management and build awareness through narratives.

Working closely with operations, risk management and product development teams will help ensure that the company's sustainability efforts are integrated into all aspects of the business.

Cross-functional alignment will also give teams a good overview of the issues that are material to the business, improve employees' understanding of the company's progress and challenges, and strengthen the narratives to stakeholders.

only 40%

of the bigger companies implement compensation schemes related to sustainability performance for leadership teams
(KPMG)

over 80%

of ESG investors and advisors are establishing dedicated in-house ESG teams
(Acuity)