Coro’s Blog: On Purpose

Strength in Numbers: Accelerating Sustainability Through Sector Collaboration

Published on February 19, 2024

We are in the final inning. That sustainable future we all want? Not possible — unless companies work together across both sectors and shared value chains to innovate, share risks and overcome collective challenges.

After 20 years of helping businesses work — often in isolation — on their ESG risks and opportunities, I have come to realize the only path forward is through sector collaboration. Without that collaboration, the challenges are too great, the hurdles too high, the investments too costly, the metrics obscure and the pathway too murky.

By working on their ESG issues together, businesses can:

  • Learn about best practices, trends and risks
  • Develop transition pathways
  • Co-innovate and collectively fund solutions
  • Engage suppliers and other sectors
  • Partner with government on sustainable innovation and public policy
  • Mobilize capital and transform markets.

Through sectoral collaboration, businesses can steal bases. They can leverage their influence, reach and scale to drive change. Often fearful of transitioning on their own, businesses find safety in numbers when working together. And one place to find these numbers is in industry, trade and professional groups or associations.

Read the article at Sustainable Brands.

Sustainable Brands

Subscribe to Coro’s Newsletter

A few times a year, Strandberg Consulting sends out a newsletter to keep Coro’s network up-to-date on her latest projects, publications and tools. You may subscribe to the newsletter here or visit the archives.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Do you know someone who may be interested in this? Share it.

You may also be interested in ...

interview-coro-dec-11-2023
Dec 11, 2023
 in Sustainable Associations
Social purpose in business is taking off, but to realize a sustainable future, this business trend needs to be accelerated. In this 25-minute interview I unpack opportunities to create an enabling environment for social purpose business to start, transition, thrive and grow.
blog-mar-09-2023
Mar 9, 2023
 in Sustainable Associations
Climate change. Biodiversity loss. Social inequality. The “great resignation”. The pandemic. The war in the Ukraine. Society and the planet are fraying at the edges.
blog-sep-09-2022
Sep 9, 2022
 in Sustainable Associations
We’re in a moment of awakening about the role of organizations in society. Organizations are examining what they stand for in a world undergoing fundamental transformation.