Forbes: Ensuring Verified Outcomes In Corporate Acceleration For ESG And Venture Ecosystem Impact
Hangar 75 CEO Ian Wilding's recent article ‘Ensuring Verified Outcomes In Corporate Acceleration For ESG And Venture Ecosystem Impact’ was published on Forbes.com.
Summary of Article
In a recent Forbes Councils post, Ian Wilding, CEO of Hangar 75, discusses the critical role of corporate acceleration programs in fostering innovation and sustainability. He emphasizes the necessity for governing boards to adopt a rigorous framework for validating and enhancing the impact of these programs on both Environmental, Social, and Governance (ESG) initiatives and the broader venture ecosystem.
Wilding outlines a comprehensive strategy that includes establishing clear, measurable impact objectives aligned with ESG goals and venture ecosystem enhancement. He advocates for the use of both quantitative and qualitative metrics to assess program outcomes, recommending the engagement of independent third parties to verify these outcomes for added credibility.
The article stresses the importance of transparency and continuous learning, encouraging boards to share successes and challenges openly to foster trust and promote ongoing improvement. Wilding also highlights the need for collaborative engagement with stakeholders, including startups, investors, and industry experts, to gather diverse insights and feedback.
Moreover, Wilding addresses the challenges of avoiding greenwashing and overestimation, suggesting rigorous impact verification to maintain credibility. He calls for alignment of ESG and venture support with the overall corporate strategy, integrating them into all aspects of corporate operations to ensure they contribute effectively to long-term goals.
Through a unified approach to governance, Wilding argues, corporations can not only claim to be innovators and sustainably minded but also demonstrate these qualities through verifiable, impactful actions, thereby enhancing corporate reputation and contributing to sustainable development and a resilient venture ecosystem.
The full article can be viewed here.
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