(light upbeat music)
-: There's a question in the world right now:
Is ESG a good thing
or a bad thing for corporations?
At BCG we think that's too simplistic.
What we know is that when ESG is done right,
it can create huge advantage for businesses.
But in order to be done right, what we know also
is that you have to find a material social impact
that also creates profit and advantage for the business.
And when you get that combination,
that's when the magic happens.
So how do you find a material thing
that a company can take on?
We suggest that you look across your value chain.
Look at the supply chain, and say,
can we create an inclusive supply chain
that brings more diverse suppliers into the business,
but also lowers cost and increases resilience?
Can we create a more inclusive organization
that uplifts those in the greatest needs,
but creates at the same time greater motivation
and productivity for the business?
Or can we create products and services
that meet needs like health equity and access,
or digital inclusion, or financial wellness
that also grow and create profitable
new segments for your company?
(bright upbeat music)