{"id":540837,"date":"2021-09-22T07:02:05","date_gmt":"2021-09-22T11:02:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-and-the-world-economic-forum-decode-the-sustainability-dna-for-companies-seeking-to-deliver-value-and-impact-for-all-stakeholders\/"},"modified":"2021-09-22T07:02:05","modified_gmt":"2021-09-22T11:02:05","slug":"accenture-and-the-world-economic-forum-decode-the-sustainability-dna-for-companies-seeking-to-deliver-value-and-impact-for-all-stakeholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/accenture-and-the-world-economic-forum-decode-the-sustainability-dna-for-companies-seeking-to-deliver-value-and-impact-for-all-stakeholders\/","title":{"rendered":"Accenture and the World Economic Forum Decode the \u201cSustainability DNA\u201d for Companies Seeking to Deliver Value and Impact for All Stakeholders"},"content":{"rendered":"

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Accenture and the World Economic Forum Decode the \u201cSustainability DNA\u201d for Companies Seeking to Deliver Value and Impact for All Stakeholders<\/b><\/p>\n

\nCompanies with deeply embedded stakeholder management practices generate over 20% more in profit as well as environmental and societal impact\n<\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nNew research from Accenture<\/a> (NYSE: ACN) and the World Economic Forum<\/a> uncovers the capabilities that C-Suite leaders need to build sustainable organizations that deliver lasting value and equitable impact for their people, customers and wider communities.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210922005071\/en\/<\/a><\/p>\n

\"Shaping<\/p>\n

Shaping change through Sustainability DNA (Photo: Business Wire)<\/p>\n<\/div>\n

\nThe report, Shaping the Sustainable Organization<\/a>, finds that the responsible values and environmental, social and governance (ESG) intentions of companies are outrunning the ability of their organizations to deliver. To convert sustainability goals into reality, Accenture and the World Economic Forum decoded “Sustainability DNA,” a set of 21 management practices, systems and processes that form the foundations of stakeholder-centricity.\n<\/p>\n

\n\u201cThe world\u2019s environmental and social challenges are already disrupting business today,\u201d said Peter Lacy<\/a>, chief responsibility officer and global Sustainability Services<\/a> lead. \u201cBut our research with the World Economic Forum found that those who root their organization and leadership DNA in stakeholder-centricity enjoy significantly better sustainability performance and value creation. These pioneers utilize new technologies and ESG data sets to create more sustainable and resilient supply chains, systematically harness the innovative power of diversity, and drive growth by putting stakeholder needs at the heart of products, services and new market opportunities. Those who ignore this moment to position for the future risk being left behind.\u201d\n<\/p>\n

\nTo assess the strength of Sustainability DNA in companies around the world, Accenture and the World Economic Forum created the Sustainable Organization Index (SOI), which scores nearly 4,000 companies based on market-facing evidence of ESG-supporting practices in 146 areas. Organizations in the top quartile of the SOI show significantly stronger performance compared to those with lower or less consistent scores. Specifically, companies with a stronger Sustainability DNA achieve on average a 21% increase in both EBITDA margin and environmental and societal impact.\n<\/p>\n

\nAccording to the report, embedding Sustainability DNA drives behavioral changes throughout organizations in three ways \u2014 by fostering human connections<\/i>, boosting collective intelligence<\/i> and driving accountability<\/i> at all levels. Overall, companies tend to score higher on enablers that deepen \u201chuman connections\u201d (average SOI score = 57), reflecting their ability to engage stakeholders, but are weaker on enablers that build \u201ccollective intelligence\u201d (47), suggesting a struggle from leadership teams to build stakeholder-centricity.\n<\/p>\n

\nOverall, the average score across all companies in the SOI was only 52\/100, suggesting that most have significant room to strengthen their Sustainability DNA. The report advocates three steps organizations should take to create a cycle of change that generates value for all stakeholders:\n<\/p>\n