Navigating Sustainable Growth
About this book
Navigating Sustainable Growth addresses anyone grappling with how leading companies can thrive in an emerging future that prioritizes decarbonization and dematerialization. With over 300 examples of practices by 180 leading global companies, this timely book explores two major themes:
- To deliver sustainable growth, companies cannot rely on strong financials alone. They must also demonstrate a track record of reducing negative impacts and creating value through sustainable offerings — and help suppliers and customers do the same.
- The board owns the critical 5-7-year planning horizon that is key to how successful companies create long-term value. As climate risks amplify, the short-term focus of most executive teams leads to missing new opportunities while facing new perils.
As a bonus, the book offers The Climate Story. This eight-step, data-rich synopsis explains how we arrived at this crossroads, and where it will take us.
This book will help investors, citizens, students, and educators discover proven strategies for sustainable growth; CEOs and corporate secretaries to reframe board agendas; and boards to measure performance and chart a course to transform climate risk into opportunity.
Author / Editor information
Gib Hedstrom has 30 years’ experience advising boards of directors on sustainable growth at the intersection of environment, strategy, and governance. After several years in finance at GE, Gib spent 20 years at Arthur D. Little, leading the global launch of environmental auditing and later running the company’s sustainability practice, including from Brussels. He has written several books and dozens of articles about board and C-suite sustainability oversight. Gib is founder and managing partner of ESG Navigator, a corporate sustainability benchmarking and strategic planning platform endorsed by The Conference Board. He earned his MBA and sustainability MS from the University of Michigan, and a BA in economics and geology from Hamilton College.
Reviews
"In a world that urgently needs business to lead with purpose and long-term vision, Navigating Sustainable Growth offers timely and practical guidance for boards and executives. Gib Hedstrom makes a compelling case that sustainable growth isn’t just about doing less harm – it’s about creating more value for society than we take. For leaders serious about building future-fit companies, this book is a vital resource." --Paul Polman, Former CEO, Unilever
"Gib Hedstrom offers valuable insights and practical steps for driving sustainable growth. This book is an indispensable resource for any executive or board member committed to creating long-term value while addressing climate challenges." --Dave Regnery, Chair & CEO, Trane Technologies
"Gib provides a roadmap for boards to enhance fluency, drawing on decades of helping boards and corporate leaders address the most challenging issues of the day." --Wendy Kei, Chair, Board of Directors, Ontario Power Generation
"A roadmap for how corporate leaders, especially Board members, can engage fully in ways that will generate strong economic outcomes and durable solutions to the climate crisis." --Larry Selzer, President and CEO, The Conservation Fund
"Navigating Sustainable Growth helps boards, corporate leaders, and business schools to navigate a course toward sustainable business. Gib’s book provides a timely, ‘how to’ toolkit." --Jason Jay, Director, Sustainability Initiative, MIT Sloan School of Management
"Essential reading for boards, CEOs, and the next generation of business leaders in every MBA classroom." — Dave Stangis, Chief Sustainability Officer, Apollo Global Management"Gib is a true pioneer in climate governance… packed with practical insights and steps for prospering on our planet while at the same time respecting it." — Alexandra Lajoux, Chief Knowledge Officer Emeritus, National Association of Corporate Directors"This book belongs on every CEO’s desk. Gib’s book delivers that blueprint, just when it’s needed most." — Mike Mabry, CEO, Global Resources International"A shifting climate will affect all corporations, everywhere. Companies that embrace the challenge are poised to increase shareholder value. This is a must read!" — Bill Davis, CEO, Stance Capital"Boards can no longer treat climate as a side issue – it’s as critical to long-term value as AI and digital transformation." — Jo Mark Zurel, Chair, Board of Directors, Fortis Inc."An exemplar of high-quality research, logic, and practicality." — Robert Galford, Board of Directors [retired], Forrester Research"Terrific, highly readable … makes a clear and compelling case that you can’t have a healthy business on an unhealthy planet." — Joel Makower, Chairman and Co-founder, Trellis Group"Identifies how to capture emerging value creation opportunities – while avoiding the costs of inaction or delay." — Alexa A. Dembek, PhD, Senior Vice President, Chief Technology and Sustainability Officer, DuPont"Essential for directors looking to learn more about the impacts of climate change and make boardroom discussions more productive and impactful." — Bill Hayes, Editor in Chief, Directors & Boards"The guide C-suites have been waiting for… a much-needed resource for turning sustainability into a competitive advantage." — Jennifer Aspen Mason, Executive Vice President and Chief Sustainability Officer, J.M. Huber CorpTopics
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Frontmatter
I -
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Dedication
V -
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Advance Praise
VII -
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Acknowledgments
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About the Author
XIII -
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Dedication
XV -
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Contents
XVII -
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Preface
XXI - Part One: Calibrate
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Introduction
1 -
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Chapter 1 Grasp Sustainability Fully
18 -
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Chapter 2 Rethink Sustainable Growth
32 -
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Chapter 3 Align the Board and C-Suite
43 -
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Chapter 4 Enhance Board Fluency and Oversight
53 - Part Two: Integrate
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Chapter 5 Track Your Progress
67 -
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Chapter 6 Getting Governance Right
79 -
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Chapter 7 Strategy and Execution
99 -
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Chapter 8 Environmental Stewardship
115 -
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Chapter 9 Social Responsibility
129 - Part Three: Chart Your Course
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Chapter 10 Preparing for Boardroom Discussions
141 -
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Chapter 11 Conclusion – Making Companies Fit
153 -
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Epilogue: It’s Your Legacy
163 -
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Appendix A: The Climate Story in 8 Steps
165 -
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Appendix B: Acronyms
189 -
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Appendix C: Definitions
193 -
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Appendix D: ESG Navigator
199 -
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Appendix E: ESG Navigator KSIs
207 -
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Index
- Manufacturer information:
- Walter de Gruyter GmbH
Genthiner Straße 13
10785 Berlin - productsafety@degruyterbrill.com