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2023 sustainable business trends and challenges – what to watch out for

From avoiding greenwashing to facing soaring business costs, 2023 is set to be a challenging year for most business leaders to navigate.
Regulators, customers and consumers have increasing expectations for good quality, consistent information on sustainability. Communication must be accurate and meaningful because greenwashing is getting more dangerous.
Inflation and the cost of borrowing have the potential to push action on climate and sustainability down the agenda, but this is balanced by new regulation for 2023 that will help keep sustainability at the forefront for many business leaders.
As in previous years, the climate and nature crises, new regulations, geopolitical turmoil, and declining biodiversity are not going away. Sustainable business ambitions and plans are indeed facing challenges from fast-changing global conditions.
Terrafiniti’s partners Dominic Tantram and Joss Tantram share insight and opinion on the trends to watch for 2023 –the good, bad and the ugly.

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Greenwashing – turning up the heat on green claims

Greenwashing is getting dangerous - regulators, customers and consumers have increasing expectations regarding access to good quality, consistent information on sustainability, whether it is about a company’s overall performance, or about specific aspects of a product and how it compares to others. This article explores the context and what you need to consider while attempting to meet growing customer expectations and increasingly fierce regulators.

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ESG and Sustainability Reporting – are you engaging your investors?

ESG and Corporate Sustainability reporting with an investor focus is increasing in importance. Many company reports are still stronger on rhetoric than on providing a clear picture of sustainability issues, impacts and risks. In addition, there are still challenges in how companies identify which of these issues, impacts and risks are material to the company now and in the future. Joss Tantram, Partner at Terrafiniti, reviews regulatory guidance for ESG and sustainability reporting and considers the fundamentals of good disclosure for stakeholders while enhancing investor engagement.

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SPRG NEXT SESSION | Sustainable Transition | the fundamentals of good practice

Extending the theme of sustainability strategy from our May meeting, in June we will be focusing on the topic of sustainable transition – how organisations articulate, plan and undertake the journey from where they are now to where they need to be in the future.

A key element to transition strategies, whether they focus on achieving net zero goals, or wider sustainable business transformation, is that they may require significant changes to business as usual.

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Sustainable value creation

Understanding the relationship between your organisation and the wider world, and identifying which issues, trends, dependencies and risks are material (important) to your business future is critical. Not just for measuring and managing impact, but also for developing resilience and responding to the changing requirements of clients, investors and wider stakeholders and ultimately maximising the opportunities for sustainable value creation.

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SPRG | Sustainable Business Culture

If business culture can be strong enough to 'eat' your strategy, then there is little point in spending time and effort on developing a new direction if you don’t pay equal, if not greater, attention to culture.. Join Joss and Dominic from Terrafiniti and other sustainability professionals from the UK and beyond, to explore the challenges and what an appropriate approach means for you in July's SPRG meeting.

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Greenwashing – as regulators mobilise, what do marketers need to get right?

Greenwashing is insidious and widespread. It’s also harmful to your reputation, one of the main sources of value from taking meaningful action on sustainability issues.
And greenwashing is becoming a tidal wave.
So how should marketers and other professionals tackle this?

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Global Risks 2022

Most major sustainability issues have important risk dimensions for companies – and societies. In many cases these are still not adequately represented in board-level discussion, company risk assessments or registers.
WEF’s Global Risk Report provides a very useful, comprehensive global review and outlook upon what is important, and this article provides an overview of 2022’s report.

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