UCL School of Management Professor Paolo Taticchi recently joined ALN Academy for a discussion on corporate sustainability, featured in the latest episode of ALN Academy Talks titled ‘Gracious Growth’. In the episode, Paolo explores the transition from traditional Corporate Social Responsibility (CSR) frameworks to the contemporary focus on Environmental, Social, and Governance (ESG) factors, providing a roadmap for businesses aiming to achieve sustainable success.
Exploring the Evolution from CSR to ESG
In the podcast, Professor Paolo Taticchi draws from the remarkable journey of energy giant Enel to illustrate how businesses can navigate sustainability challenges. He explains how Enel’s shift from fossil fuels to renewable energy sources serves as a model for other companies looking to embrace sustainability. This transformation highlights the importance of integrating ESG factors into core business strategies, which not only addresses pressing environmental and social concerns but also opens up new market opportunities.
The Concept of Gracious Growth
Central to Paolo’s discussion is the concept of “gracious growth.” This approach emphasises holistic success that encompasses both financial prosperity and the well-being of all stakeholders. He argues that businesses must transcend compliance-driven strategies and actively seek the inherent opportunities in sustainable transformation. By doing so, they can drive innovation, improve their competitive edge, and contribute to a more sustainable future.
Practical Advice for Businesses
He offers advice for businesses aiming to embed sustainability as a strategic imperative. He emphasises the need for a shift in mindset, where sustainability is viewed not as a regulatory burden but as a driver of innovation and growth. His insights provide a comprehensive understanding of the global momentum propelling sustainability initiatives and the innovative business models emerging in response to market dynamics.
Listen to the full episode here.
Available on all podcast platforms @ALN Academy.
