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The ESG Report – Why Sustainability is a Business Opportunity with Richard Blundell | Thomas Fox – Conformity Evangelist

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February 20, 2023
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The ESG Report – Why Sustainability is a Business Opportunity with Richard Blundell |  Thomas Fox – Conformity Evangelist
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My guest on this week’s episode of The ESG Report, Richard Blundell, discusses the risks and opportunities associated with growth in the insurance industry. Richard and I discuss financing the growth of a company while understanding its risks. Business financing is moving towards sustainability and we explore how companies can access capital by implementing sustainable practices and strategies.

A global environmental service and technology See more +

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My guest on this week’s episode of The ESG Report, Richard Blundell, discusses the risks and opportunities associated with growth in the insurance industry. Richard and I discuss financing the growth of a company while understanding its risks. Business financing is moving towards sustainability and we explore how companies can access capital by implementing sustainable practices and strategies.

A global environmental services and technology consultant with over 35 years’ experience, Richard Blundell has extensive experience in management and senior executive consulting. His areas of expertise are mergers and acquisitions, corporate and market development, and operations management. His experience includes launching new businesses and managing growth-stage businesses around the world. He is also an advisor to the Prince of Wales Accounting for Sustainability charity.

Here are some key points we talk about:

1. Richard talks about his professional background and current role as a sustainability consultant.

2. Richard believes that sustainability in business leads to lower costs, less waste, more resource efficiency, better quality work, better employee engagement and more access to capital.

3. In addition to improving access to capital, sustainability can improve public market performance, lower capital costs and lower debt costs.

4. Richard points out that materiality is a way for companies to set priorities and goals for sustainability, decarbonisation and ESG taking into account what is important to the corporation and its stakeholders.

5. Quoting Paul Wellman, Richard tells me that working towards social, environmental and economic outcomes can empower and energize an organisation.

6. Sustainability can be a life insurance policy for the planet.

7. Richard tells me that companies without decarbonisation plans may not be able to access finance from banks and other financial institutions as they do not understand the risks associated with growth and may not see it as a benefit to society.

8. Richard believes that the circular economy aims to eliminate waste by keeping inputs and outputs at their highest utility throughout their life cycle.

9. Companies like Interface and Nike are committed to sustainability and continue to innovate and expand their goals as they learn more about driving and process efficiencies on the decarbonization journey.

KEY QUOTE:

“If I’m going to fund the growth of a company, I want to fund a company that’s also in the insurance industry. I want to finance the growth of the company while understanding the risks associated with that growth.” – Richard Blundell

Sources:

Richard Blundell | LinkedIn – https://www.linkedin.com/in/richard-blundell-930a971 See less –



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