Description
make a powerpoint to Define Pfizer’s ESG Strategy with speaker notes (lecture notes has attatched for you reference)case company: Pfizer
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ESG Strategy Overview
ESG Strategy incorporates:
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ESG related matters into the decision-making process.
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Environmental and social opportunities, risks and issues an organization
manages and provides progress around.
A methodical process is applied to develop an ESG Strategy.
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Define ESG Strategy
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Determine ESG Strategy structure
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Outline ESG Strategy development process
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Develop ESG Strategy implementation roadmap
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Define ESG Strategy
The strategy underscores the importance of ESG to the organization and support to
their customers and communities they serve.
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Define the company’s mission
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Develop the drivers / components supporting the company’s mission
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Obtain support from the leadership team
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ESG Strategy – Mission
ESG Strategy mission is defined based on:
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Strategic direction
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Aspiration
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Qualitative goals
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Financial metrics
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Operations KPIs and KRIs
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ESG Strategy – Definition and Structure
ESG Strategy defines the company’s aspiration / goal they strive to achieve. This is
the basis for investment decisions, resource allocations / hiring, and financial and
operations performance assessment.
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Aspiration Definition
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Environmental / Social / Governance objective statement
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Strategy Leadership
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Implementation plan
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ESG Strategy development process (1 of 4)
Overall, organizations follow these steps to develop their ESG Strategy:
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Perform required analysis and develop ESG goal / aspiration
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Strategic direction
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Established initiatives
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Peer analysis
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Industry trends
Identify strategy focus areas
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Markets
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Stakeholders
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Sustainable operations
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Timeline
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ESG Strategy development process (2 of 4)
Overall, organizations follow these steps to develop their ESG Strategy:
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Develop strategy structure
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Focus areas
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Initiatives
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Value proposition
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Competitive advantage
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Partnerships
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ESG Strategy development process (3 of 4)
Overall, organizations follow these steps to develop their ESG Strategy:
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Develop strategy implementation roadmap and plan
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Capabilities
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Level of efforts
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Systems, technology and data
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Organization structure
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Training and awareness
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Governance model
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ESG Strategy development process (4 of 4)
A successful ESG Strategy development process requires:
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Collaboration with various stakeholders
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Industry, peer, customer and regulatory analysis
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Clearly stated aspiration / ambition
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Defined ESG focus areas
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Consensus on ESG strategy and implementation process
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ESG Strategy maturity model
Organizations are in different stages of the maturity of their ESG Strategy.
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Stage 1: Organization recognizes the need to address ESG
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Stage 2: Organization has established disparate ESG initiative(s)
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Stage 3: Organization has strong leadership support, but ESG initiatives are not fully
aligned with the business strategy
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Stage 4: ESG is top priority and major initiatives are underway
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Stage 5: ESG is fully aligned to the business model and strategy
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ESG communication strategy
Organizations need to define their ESG Communications strategy.
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Code of Conduct
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Environmental Policy
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Supplier Code of Conduct
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CSR
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ESG
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GHG
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Various disclosures
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Exercise – Assignment #4
Define the case study company’s ESG Strategy.
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