The S30 forum comprises CSOs from some of the world’s most influential companies and is aiming to accelerate business action on sustainability. Launched by HRH The Prince of Wales’s Sustainable Markets Initiative, in collaboration with EY and freuds, S30 members represent companies with a total market capitalization of $6.7t, revenue in excess of $2.3t and more than 5 million employees.
Members have been drawn from the most influential businesses in the world covering a wide range of sectors, including consumer and industrial products, energy, financial services, life sciences and technology.
Speaking at the S30 launch event, HRH The Prince of Wales spoke about the “crucial role” of the private sector in solving health, climate and biodiversity crises and suggested that no business or industry could do this alone and called on all major businesses to appoint a CSO or equivalent.
The role of the CSO is fast becoming one of the most important and influential roles in the corporate world and is increasingly central to market competitiveness. I very much hope to see major businesses around the world appoint suitably empowered chief sustainability officers to ensure sustainability is central to business strategy, decision-making, procurement, supply chains and customer engagement.
Members of the S30 are divided into three working groups that meet regularly:
Creating a value-lead sustainability strategy
Best practice in executing a sustainability strategy
Making metrics work for you and your stakeholders