Sustainable transformation of organisations first of all requires transformation of leaders themselves, as emerged during the first meeting of the recently established ESG Innovation Institute, a joint initiative of Nyenrode Business University and KPMG to assist directors, supervisory directors and professionals in the field of sustainability.
On 21 April 2021, in the wake of the EU Green Deal, the European Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD) aimed at revising and strengthening rules introduced by the existing Non-Financial Reporting Directive (NFRD).
While in the last decades an organization’s success was measured mainly in terms of turnover, profitability, market share and customer satisfaction, now and in the future they will also be held accountable for the impact they make on people, the environment and society. ESG (Environmental, Social, Governance) is now central to the balanced scorecard.
Leadership changes when executives are held accountable for their contribution to people, the environment, and society. So say more than three-quarters of policymakers in a recent survey by KPMG and Nyenrode Business University.
In this video Stephanie Hottenhuis, CEO and Chair of the Board of Management KPMG Nederland, en Jessica Peters-Hondelink, Director Customized Executive Education at Nyenrode Business Universiteit, explains why the ESG Innovation Institute offers the Executive ESG Program.