As companies and governments scramble to find balance for sustainability initiatives, energy security and social policies, we are experiencing a perfect storm of social, economic and geopolitical elements that has put environmental, social and governance (ESG) objectives under tremendous pressure during the past two years.
Increasingly, ESG has become a political minefield in the United States, reflecting partisan conflicts and regional economic influences. While some states have issued extensive ESG mandates, others seek to exclude businesses supporting ESG policies on issues ranging from climate change to gun control.
As a result, companies are being subjected to scrutiny over social issues – finding themselves caught in a political crossfire and even targeted by local governments for "unpopular" policies.
Bringing together industry leaders to take stock of what has happened during the past three years, Consulting Magazine is hosting a full-day industry summit, Industry Waypoint: Disruption. Evolution. Response., Sept. 14 in New York City. The programming will assess the effects on the consulting sector and investigate how to best navigate the challenges we know still lie ahead.
This is arguably one of the more controversial topics addressed in the conference. ESG Under Fire: Navigating Political Volatility, Lagging Legislation and Current Market Challenges – will take on the ever-increasing political and economic pressures being forced on companies who are working to be good corporate citizens.
Michael Valocchi, SVP – Head of Americas Consulting, Cognizant "Changing and evolving regulatory, financial, social and geopolitical forces present a significant challenge to company's strategies," notes panel moderator Michael Valocchi, SVP – Head of Americas Consulting with Cognizant. "Companies need to find the right balance and build optionality into their current and future actions. Asking and answering the right questions is key to the overall strategy."
Daniel Pellegrom, Director, ESG, Leidos Valocchi, will lead the discussion, along with Daniel Pellegrom, Director, ESG with Leidos and another special guest panelist, examining how social and market forces changed the ESG landscape in the last two years; what are the current political and policy trends; reporting versus actions; and what lies ahead for ESG programming.
"It can be a challenging operating environment for companies to stay true to their ESG goals – investor pressures, political backlash, uncertain regulations, and more," said Pellegrom. "The current conversations around ESG exemplify how important it is for companies to continue their sustainability efforts. A long-term strategy that stays true to purpose and engages the right stakeholders likely remains the best recipe for success."
Consulting Magazine's one day summit will deliver deep insight into what the industry has been through, where we are and what we are likely to face going forward – worthwhile information for any leader in professional services.
Supported and driven by Consulting Magazine's stellar advisory board incorporating members from the leading consultancies, this Summit is built by the industry, for the industry.
We invite you to join us Sept. 14 at the Lotte New York Palace for this first-of-its-kind, industry summit. Agenda, speaker and registration information can be found here.
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