Sustainability Strategy

Transcription

1 Getting a Seat at the Table as Your Company Advances Their Sustainability Strategy Vail Resorts Anita Weise VP Procurement Global Sourcing Council Wanda Lopuch Chairman of the Board The ixo Network Fennie Wang Cofounder, Partnerships & Regulatory Lead

2 Our Journey We started this journey in July 2017 We introduced to the audience the Global Sourcing Council and their role in corporate sustainability and responsible sourcing Our SIG Board Member, and Co-chair of this working council, Anita Weise, shared Vail Resorts approach and commitment to responsible sourcing. Our Purpose Explore deepening connections between measures of responsible sourcing and business outcomes; Provide an environment for SIG Members to network and develop relationships with subjectmatter experts, thought leaders and practitioners in this business area; and Allow sourcing professionals to broaden their understanding of different aspects of sustainability and empower them to address conflicting business pressures of value creation by cost reduction vs. brand protection vs. leadership in sustainable development.

3 Today Why sustainability and responsible sourcing? Wanda Lopuch will challenge the framework for sustainability responsible sourcing? How sustainability and responsible sourcing? Anita Weise will outline the Vail Resorts journey to sustainable sourcing How innovation leverages the cause of responsible sourcing? Fennie Wang will demo block chain examples for responsible sourcing Conversation: Taking the Seat at the Table: Responsible Sourcing: Why? How? How? And more How?

4 Global Sourcing Council Established in 2007 Mission: Profit with Purpose through Sustainable Global Sourcing 25,000 sourcing professionals around the world independent platform for business, academia, government organizations and NGOs Education, outreach, best practices, research Member of the UN Global Compact; consultative status with the UN ECOSOC

5 Why Responsible Sourcing? Megatrends in Business: Automation Cognitive learning & AI Sustainability is In Consumers pay for it Talent gravitates to it Investors demand it

6 Consumers Around the World* Nielsen % - prefer to work for socially responsible companies 55% will pay extra for products and services from companies committed to positive social and environmental impact Sales of sustainable brands in food sector grow double-digits while traditional brands decline 52% consumers check product packaging to ensure sustainable impact 49% volunteer and/or donate to organizations engaged in social and environmental programs Consumers pay for it Talent gravitates to it Investors demand it

7 Investors Are Adopting Sustainability as Predictor of Future Performance ESG are viewed by investors as predictor of future financial performance; 85% of S&P companies publish Sustainability Report in shareholders resolutions to turn supply chains into responsible supply chains Moody s (Nov. 2017) incorporated ESG into credit rating Consumers pay for it Talent gravitates to it Investors demand it

8 Why Responsible Sourcing? Protection/Downside cost control risk mitigation brand protection Growth/Upside revenue growth risk prevention brand value Consumers pay for it Talent gravitates to it Investors demand it

9 Building Responsible Business: Seat at the Table for Procurement Value proposition shift: from best product for the lowest price to Best value for the brand expectations and communication Innovation to leverage the cause of responsible sourcing: Drones for special audits in agriculture Block chain for risk mitigation re. labor practices, certifications (organic, fair trade, CO2 emission) Cognitive learning and automation for audits Consumers pay for it Talent gravitates to it Investors demand it

10 Vail Resorts Leading Global Mountain Resort Operator

11 Epic Promise to the Planet Zero net emissions by 2030 Zero waste to landfill by 2030 Zero net operating impact to forest and habitat

12 Bring Solutions / Drive Results Reduce Idle Time Lighting Retrofit Test Hybrid Snowcat Paperless Results Low Energy Guns Capital Equipment Spec s Bulk Amenities F&B Disposables

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14 ixo is the blockchain for The ixo Protocol enables any project to s COLLECT s VERIFY s TOKENIZE s IMPACT DATA into digital assets called IMPACT TOKENS SOCIETY ENVIRON -MENT ECONOMY Tokenizing Impact Data with Proof of Impact Copyright 2018 ixo.foundation. All rights reserved.

15 What is a blockchain? A shared ledger technology allowing any participant in a network to see THE system of record The record keepers are also participants in the network rather than a central notary: Transaction history reached through consensus Records in the ledger are immutable and secure This creates trust between transaction parties who may be adverse This makes blockchain a great tool for recording provenance of data and assets e.g. supply chain Copyright 2018 ixo.foundation. All rights reserved.

16 Why blockchain? At the heart of blockchain is a data revolution breaking down silos and bringing data ownership and control back to the people Data Data Data Data Grant access to data Blockchain Ledger Shared data layer Database Database Database Database Database Database Request for permission to access data

17 What is tokenization? To create a digital asset from a real world asset that can be transacted P2P on a blockchain ledger Lower transaction costs cut out centralized intermediaries Greater trust and security from transaction finality Increased liquidity for real world assets through tokenization Tool for economic incentivization Tokens can include carbon credits (carbon tokens) and any other asset we wish to value and transact Copyright 2018 ixo.foundation. All rights reserved.

18 WHAT WE VALUE AT IXO Impact Optimization The ixo blockchain offers: Provenance of impact data over time Transparency of funding Accountability for performance Attribution of results A new asset class for the Impact Economy Data sharing marketplace (with the Ocean Protocol)

19 Case Study COOKSTOVES & CARBON TOKENS Originating carbon tokens from IoT sensors

20 Carbon Tokens: Carbon Offsets as Digital Assets Protocol Project Developer Carbon & Impact Tokens Buyer Evaluation metrics according to Gold Standard methodology CARBON TOKEN HEALTH TOKEN P2P trading of carbon tokens and other Gold Standard certified impact tokens GENDER TOKEN Copyright 2018 ixo.foundation. All rights reserved.

21 WHY THIS MATTERS REIMAGINING CARBON OFFSETS & SDGs Richer data = higher asset value of the tokens Better data to capture & measure co-benefits like health, gender, job creation Better liquidity and lower transaction costs through P2P trading Real-time payment of financial incentives to cookstove users

22 Supply chain use case application Fair trade from the first mile Protocol NGO records work conditions of fisherman according to 3 rd party standards e.g. Fair Trade Verified work conditions attributed to fisherman s DID Fisherman logs information about catch using his DID, attaches RFID tags to fish which contain data pointers to attributes about the catch and work conditions Supplier receives fish from fisherman, scans tags to record transfer

23 Supply chain use case application Fair trade from the first mile Consumers at the supermarket can check the tags to get a full history of the fish they are purchasing

24 Supply chain use case application Fair trade from the first mile Imagine by purchasing and scanning the tag on food, you earn Fair Trade tokens, which function like a rebate or discount coupon as these tokens may be resold to corporate buyers. Now we can economically incentivize purchasing goods that are good for the world.

25 TRACTION Collaborators & Funders Social Suite Consensys Blockchain for Social Impact Ocean Protocol The Innovation Edge Microsoft Research Digital Bazaar Singularity University Ventures The Gold Standard Foundation

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27 CONNECT Join the /ixo_blog /r/ixo /ixofoundation Physical Address (Operations) Trustlab Studio 16 Newmarket Street Cape Town, South Africa, 8001 Physical Address (Foundation) ixo foundation Gubelstrasse 11 Zug, Switzerland 6300 /ixofoundation /ixo /ixofoundation

28 Evaluation How-to: Why? How? Your feedback drives SIG Event content By signing and submitting your evaluation, you are automatically entered into a prize drawing From the App 1. Select Sessions 2. Select Day 3. Select Session WS03 4. Click on Clipboard Icon COMPLETE & SUBMIT EVAL

29 Workshop # 3 Getting a Seat at the Table as Your Company Advances Their Sustainability Strategy Global Sourcing Council Wanda Lopuch wanda.lopuch@gmail.com The ixo Network Fennie Wang fennie@ixo.foundation Vail Resorts Anita Weise anitaw@vailresorts.com Download the App: sig.org/app Tweet: #SIGspring18

30 Thoughtonomy

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