(bright music)
[Narrator] A movement is underway in the private sector.
Businesses are striving to operate more sustainably
by embracing stakeholder capitalism,
boosting their ESG performance,
and delivering on the UN's Sustainable Development Goals.
It is now clear that companies can deliver social impact
in a profitable way.
Profitable social impact is scalable social impact
and scale is what we need to solve
the world's biggest challenges.
At BCG, we are helping businesses launch
the transformations needed to make this happen.
What does it take making sustainability
a source of competitive advantage?
This starts with a sustainability strategy
that aligns with the company's purpose.
To do this, focus on the issues
that matter most to stakeholders,
are authentic for the organization,
and can create value.
Embed social and environmental outcomes
into every aspect of the business.
That means rethinking not just offerings,
operations, and talent management,
but also investment strategies
and participation in business ecosystems.
Set up ways to capture the newly created value,
which can be unlocked via price premiums,
fresh growth, reduced operational costs,
better financing access, and higher valuations.
Finally, activate enablers to lay a foundation
for long-term success.
These include building data capabilities and processes
to measure and report impact,
setting up the right governance and incentive structures,
and engaging proactively with all stakeholders.
What does all this look like in the real world?
For one thing, pioneers are weaving sustainability
into their core offerings.
In the B2B space,
they're developing products and services
that support client's own transition towards sustainability.
In B2C, they're creating offerings
that enhance customer's wellbeing or financial resilience,
and that are accessible to all.
As a result, these companies have boosted loyalty,
attracted new customer segments,
and won price premiums from customers willing to pay more.
Sustainability champions also use smart technologies
and new business models to reconfigure their supply chains,
making them transparent, circular, and carbon efficient,
while also treating suppliers
and contractors ethically and fairly.
Their reward?
Lower operating costs and greater resilience
in the face of supply chain disruptions.
What's more?
Companies delivering social impact at scale
provide solid returns to shareholders,
and thereby gain access to better financing.
Meanwhile, governments and NGOs
not only give them license to operate,
but also seek to partner and invest with them.
BCG is uniquely positioned
to help companies through every step
of their sustainability transformation journey.
Our social impact experts know how and where
the private sector can make
the biggest difference in the world.
We help companies articulate and activate their purpose.
We uncover new investible ideas
and innovative business models
and bring the investor perspective to each project.
We catalyze collective action through industry-level
and cross-sector collaborations.
We've supported hundreds of corporate clients
in this journey --- sustainability leaders,
as well as beginners.
We stand ready to partner with you
on your sustainability transformation journey
to help you generate lasting business value
while also making the world a better place.
(bright music)