Chapters 1-3

Question 1

vectoring

Answer 1

provides a clear framework that offers directions to shift a company from integrated reporting to truly integrated sustainability thinking

Question 2

steps of vectoring !!!!

Answer 2

1- getting the bearings right (choosing a few critical topics)
** 2- execute with a purpose ** (implement for reputation, cost reduction, and growth, not mindless reporting)

Question 3

what’s the business case for sustainability (4)

Answer 3

1. cost saving from eco efficiencies from reducing waste/ water usage, energy consumption
2. revenue growth from sustainable innovations
3. enhanced reputation from stakeholders
4. lowering risk

Question 4

what are the 2 headings that divide 4 archetypes?

Answer 4

1. risk reduction -> minimizing potential negative impacts / uncertainties in operations
2. opportunity seizing -> actively identifying and exploiting favorable circumstances for growth

Question 5

list the 4 archetypes

Answer 5

1. traditional
2. communicative
3. opportunistic
4. transformational

Question 6

traditional archetype

Answer 6

prioritizes following rules, compliance to sustain operational licenses
sustainability departments only report to regulatory affairs or to investors

Question 7

communicative archetype

Answer 7

focuses on risk reduction and compliance
restrained focus on seizing sustainability opportunities.
sustainability department reports to corporate communications

Question 8

opportunistic archetype

Answer 8

actively seizes sustainability opportunities in specific areas, actively reduces risks in specific segments

Question 9

transformational archetype

Answer 9

integrates sustainability to actively reduce risks
fully embraces sustainability for growth and innovation

Question 10

risk reduction in traditional

Answer 10

emphasizes compliance to minimize operational risks

Question 11

risk reduction in communicative

Answer 11

focuses on risk reduction and compliance

Question 12

risk reduction in opportunistic

Answer 12

actively reduces risks in specific business segments

Question 13

risk reduction in transformational

Answer 13

integrates sustainability to actively reduce risks

Question 14

opportunity seizing in opportunistic

Answer 14

Actively seizes sustainability opportunities in specific areas.

Question 15

importance of a purpose statement (5)

Answer 15

1. guides the company’s strategies and defines its actions
2. helps energize organizations
3. attracts talent
4. wins clients
5. improves reputation

Question 16

a purpose statement should be… (…) and (…)

Answer 16

aspirational and specific

Question 17

how to make sure sustainability/ the purpose statement are impactful? (2)

Answer 17

1. identify business drivers
2. draw connections between sustainability goals and corporate objectives
   -> these guide decisions on market segments, suppliers, and geography

Question 18

Climate Take Back, Four Pillars

Answer 18

Live Zero: Conduct business to give back what is taken from the Earth.

Love Carbon: See carbon as a resource, not an enemy.

Let Nature Cool: Support the biosphere’s climate-regulating ability.

Lead Industrial: Decarbonize society, aligning with Project Drawdown’s research results.

Question 19

Live zero wants to

Answer 19

Give back to the Earth what is taken.

Question 20

love carbon wants to

Answer 20

See carbon as a resource, not a problem.
Find solutions that turn carbon emissions into opportunities.

Question 21

Back-casting

Answer 21

Back-casting is envisioning your destination first and then figuring out the best route to get there, ensuring your actions today align with your desired future.

Question 22

important tip about aspirational levels

Answer 22

Ensure that your company’s purpose statement reaches the right aspirational levels

It should not be too vague or too specific.

Aim for a statement that is both inspirational and actionable.

Question 23

business drivers are

Answer 23

key elements in how your business operates and contributes to society.

Question 24

how to identify business drivers?

Answer 24

identify key elements in how your business operates and contributes/ affects to society.

Understanding these drivers provides a roadmap for aligning your purpose with tangible impact.

Question 25

"full coverage" of purpose

Answer 25

Don't limit your purpose to a part of your business; it should connect with your overall strategy.

Question 26

what type of method is vectoring?

Answer 26

Vectoring is both as a diagnostic tool and a prescriptive method.

Question 27

LIST 3 part process of vectoring

Answer 27

1. Setting the Right Direction 2. Accelarating Execution and getting momentum

Question 28

vectoring process step 1- setting the right direction

Answer 28

defining the course and purpose of sustainability initiatives. Understand what makes leading sustainability programs successful. -> company purpose, materiality matrix, SDG integration

Question 29

vectoring process step 2- accelarating execution and getting momentum

Answer 29

Rigorously implement sustainability programs to capture value through reputation, cost reduction, and growth. -> materialities selection, execution and momentum, reporting trap, operational eco-efficiency

Question 30

operational eco efficiency

Answer 30

doing business in a way that minimizes environmental impact and optimizes resource use. It involves evaluating and improving the efficiency of various operational aspects, such as energy consumption, water usage, waste generation, and emissions. T

Question 31

What are the four dimensions used by RobecoSAM to evaluate sustainability criteria for companies?

Answer 31

Economic, Environmental, Social, and Operational Eco-Efficiency.

Question 32

inherent challenge of opportunistic archetype

Answer 32

Opportunistic companies, which struggle to seize sustainability opportunities, face issues because of their exposure to high-risk factors. These risks come from regulatory changes, market dynamics, and the diverse nature of their business portfolios. The mention of a high-risk profile is specific to the Opportunistic archetype, emphasizing the challenges these companies have in dealing with uncertainties related to their sustainability efforts. The mention of a high-risk profile is specific to the Opportunistic archetype because these companies, despite recognizing sustainability opportunities, still grapple with significant uncertainties and risk factors related to their diverse business portfolios.

Question 33

common pitfall in sustainability implementation

Answer 33

selecting too many targets, dispersing efforts, and limiting overall impact.

Question 34

Why is it suggested to measure awareness of the company’s purpose as a degree of talent attraction and retention?

Answer 34

Measuring awareness helps gauge how well the company's purpose resonates with potential employees. High awareness indicates that the purpose is attractive, aiding in talent attraction and retention.