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In this session we will explore the impact of a “Stakeholder” value focus has for your company. Co-hosted with Innovation Pioneers. Exclusively for Ignite Public & Corporate Members and Initiators & Members of Innovation Pioneers.
Dates: March 10, 2021
Time: 09:30 – 11:00 CET
Host: Ignite Sweden and Innovation Pioneers
Format: Online
Please note that this session is exclusively for Ignite Public & Corporate Members and Initiators & Members of Innovation Pioneers.
These are some of the topics we will cover:
A new impact economy is being built, one where businesses prioritize and consider their impact on all the stakeholders they impact—including communities, workers, customers, and the environment.
Ignite Sweden and Innovation Pioneers now team up for three joint iX Sessions in 2021 on the theme ”Shareholder vs Stakeholder value”. The goal is to share, learn and co-create a shift for our member companies to a stakeholder focus to benefit more sustainable and profitable business models.
In 2017 the debate shifted drastically on whether the purpose of companies should be to deliver value only to its shareholders, or also other stakeholders; employees, and the ecosystem and the societies that companies are part of. It was finally proven that “long-term led” companies over time actually deliver significantly higher ROI to its shareholders than companies focused on beating the previous quarter.
Two things distinguish long-term led companies. Firstly, their long-term investment perspective helped them to grow faster by increasing their innovation capabilities and resilience to change. Secondly, they embraced a broader stakeholder perspective.
The top management of most short-term led companies did not pay much attention to this “new” insight at the time. But, the capital market did. This coincided with the increasing attention on climate change and the growing awareness of the “Millennial effect”, i.e. the power of young consumers increasingly making sustainable purchase choices.
A key milestone for the capital to swing towards sustainability and long-termism was that renewable energy had become the better investment alternative and initiatives like Agenda 2030, the Paris agreement, etc. The next milestone was at the World Economic Forum in Davos 2020. Finally, a broad and concrete framework for ESG-reporting was presented that could be broadly adopted by companies, regulatory instances and the capital markets.
The effect is both increasingly tougher legislation on ESG-reporting, and that today’s capital markets increasingly welcome this to be able to attribute higher risk to investments in companies with poor ESG-reporting and/or low ESG ambitions.
Against this background, we invite all members of Innovation Pioneers & Ignite Sweden to share and learn on this topic. Together we will start mapping collective insights on the topic, digging into the core questions and, and empower you to address the topic with your colleagues “at home”.
09.30 Introduction and check-in
09.40 Intro on the Impact Economy and Stakeholder value by Googolol
10:00 Live session facilitated by Googol with
10.20 Breakout room discussions
10.45 Shared learnings
11.00 End of session
Documentation and learnings will be shared with all Innovation Pioneers and Ignite Sweden members following the session.
Save the date! The upcoming two sessions will be hosted on June 9 on “Digital innovation” and on September 22 on “Sustainable innovation”.SIGN UP NOW
Ignite Sweden and Innovation Pioneers are two of the leading innovation platforms in Sweden.
Ignite Sweden is a non-profit initiative that aims to foster innovation and accelerate commercialization by connecting startups to large companies and public organizations.
Innovation Pioneers is a social network and learning platform founded by innovation leaders and practitioners with over fifty member organizations from a wide cross industrial background of companies, organizations, government agencies, academia, research and startups.
Please note that this session is exclusively for Ignite Public & Corporate Members and Initiators & Members of Innovation Pioneers.
Interested in becoming an Ignite Corporate or Public member? Please contact Sara Hamlin at sara@ignitesweden.org.
Don’t forget to navigate to “Events” and apply to join this event once you have completed your company’s profile, otherwise we won’t get your application.
Please note that our matchmaking meetings are carefully curated based on a potential business opportunity. Unfortunately, we cannot guarantee that there will be any matches for your startup or how many meetings each startup will get.
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