Presentation shared at Boards Impact Forums webinar Aug 26, 2021 on Strategic Competence for Sustainable Business https://www.youtube.com/watch?v=4oOx5kwM2xY

1. Strategic Competence for a Sustainable Future
The Nordic chapter of the Climate Governance Initiative, in collaboration with World Economic Forum.
The purpose is to engage board directors in Nordics and internationally, to accelerate climate actions and innovation for
sustainable business and a sustainable world.
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2. Introduction by Operations Director Cecilia Wideback & Chair Liselotte Engstam
Leading in a fundamentally changing world
Board, Chair, NED & Education perspectives
Poll, Moderated discussion & Q&A with panel
Conclusion & Next
*Share on social media
#BoardsImpactForum #ClimateGovernance
#ResponsibleGovernance
*Questions via Q&A where
Operations Director Cecilia Wideback West will help handle
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Strategic Competence for a Sustainable Future - Agenda

3. Boards Impact Forum
Peer Group Exchanges
1 Climate accountability on boards
2 Command of the subject
3 Board structure
4 Material risk and opportunity
assessment
5 Strategic integration
6 Incentivization
7 Reporting and disclosure
8 Exchange
Impact via
WEF Climate Governance Principles –
applied to full Sustainability scope
Website w blog & Member Section
Webinars & partner events
Surveys, Research & Tools
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4. You
54 % Nordic
46% Rest of World
from tot 38 countries
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5. Meet your presenter
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Lise Kingo
Independent Board Director at Sanofi SA (France), Covestro AG
(Germany) and Aker Horizons ASA (Norway).
She is Chair of the Advisory Board of the Leonardo Centre for Business
in Society at Imperial College London and advisor to the Novo Nordisk
Foundation.
Ms Kingo is the former CEO of United Nations Global Compact, and
former Executive Vice President & ExCo member of Novo Nordisk A/S,
Denmark.

6. LEADING IN A FUNDAMENTALLY
CHANGING WORLD -
NEW COMPETENSIES REQUIRED
Lise Kingo
Independent Board Director
Former CEO & Executive Director of UN Global Compact

7. OUR WORLD IS CHANGING RAPIDLY
Climate change cost the world $210 billion in
damage in 2020
“Natural catastrophe losses in 2020 were significantly
higher than in the previous year. Climate change will
play an increasing role in all of these hazards. It is
time to act.”
Torsten Jeworrek, Board member, Munich Re
“The new UN Report from IPCC says that 1,5C of warming
within 20 years will trigger 8 times more extreme weather -
how do we plan for what is coming?” FT Aug. 14, 2021
UN DESA Sustainable Development Goals Report 2020

8. THE BUSINESS OF BUSINESS IS
CHANGING
“There is only one social responsibility of business,
and that is to increase its profits”
The Milton Freedman Doctrine September 1960
“Companies failing to meet investor expectations on
environmental, social and governance (ESG) factors
risk losing access to capital markets”
Ernst & Young Global Institutional Investors survey 2020
Uniting Business in the Decade of Action, UN Global Compact, DNV-GL June 2020

9. BOARD OVERSIGHT MUST
CHANGE TO INCLUDE ESG
Sustainable business has become a top strategic
priority. Boards must ensure full integration, target
setting and monitoring of ESG across strategy,
operations and stakeholder engagement of the
company
Failing to consider ESG may constitute a breach of
directors duties, and thus AGM elected board
members are required to ensure a high level of
ESG performance and oversight
Forming a “Sustainability Board Committee” is a
new unfolding trend that can be both separate or
integrated with e.g. governance and nominations
committees
ANCHORING AMBITION
IN STRATEGY AND
GOVERNANCE
DEEPENING
INTEGRATION ACROSS
OPERATIONS
ENHANCING
STAKEHOLDER
ENGAGEMENT
PURPOSE
GOVERNANCE
v In Articles of Association
v In vision/mission statement
v In company values
v On Board agenda and
committees
v In Board competencies and
diversity
v In executive recruitment and
incentives
v In ambitious goals and
targets integrated into a
balanced scorecard
v In innovative business
models
v Integrated in unit business
strategies
PEOPLE
MANAGEMENT
v In development and
innovation processes
v In supply chain management
and across procurement
v In Total Quality
Management System
v In performance
management and
remuneration
v In training and learning
v In company culture and
communications
v In key business investments
v In allocation of capital and
financial strategy
v In managing risk and
revenue
v To investors and
shareholders in financial
statements
v In non-financial statements
and 3rd party reporting
v In public relations and
communication
v In all brand and product
promotion
v In all customer engagements
v In consumer education and
behaviours
v In forming alliances to
accelerate impact
v In relationships with
communities and
stakeholders
v In ensuring social licence to
operate
PRODUCTS AND
SERVICES
CORPORATE STRATEGY
AND GOALS
REPORTING AND
CORPORATAE
COMMUNICATONS
SALES AND MARKETING
CORPORATE FINANCE
PARTNERSHIPS AND
STAKEHOLDER
RELATIONS
SDG IMPLEMENTATION FRAMEWORK

10. LEADERSHIP CAPABILITY
REQUIREMENTS MUST CHANGE
According to a UNGC/Russell Reynolds Associates study
FROM June 2020 of 4,000 role specifications – across
industries and the globe – only 15% of executive and
non-executive role specifications made reference to
sustainability - and only in 4% of instances was
sustainability experience or mindset an actual
requirement. Today in 16% of instances.
* Leadership for the decade of action, a UNGC-Russell Reynolds Associates study

11. Meet your next presenter
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Mette Morsing
Professor, Head of Principles for Responsible
Management Education at UN Global Compact, Board
Member LEGO Foundation
Former
Mistra Chair of Sustainable Markets, Executive Director
of the Mistra Center for Sustainable Markets at
Stockholm School of Economics,
Professor at Copenhagen Business School (CBS),
Founder of CBS Center for Corporate Social
Responsibility.
Distinguished Visiting Professor at Royal Holloway,
University of London. Member of the Danish
Government's Council for Social Responsibility

12. Meet your next presenter
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Arne Karlsson
Chairman Ecolean, Einar Mattson, ROL, TAK Ltd,
World´s Children´s Prize Foundation et al
NED A P Möller-Maersk, Girovent Holding, Swedish
Securities Council et al
Executive Advisory board for the European Spallation
Source
Former Chair of Swedish Corporate Governance Code,
CEO of Ratos, board member of private equity &
industrial companies
Bachelor in Business and Economics, Stockholm School of

13. Your perspective?
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Our LEADERS have a sustainable mindset & sustainable leadership attributes
Our BOARD has a sustainable mindset & sustainable leadership attributes
Fully agree – fully disagree + don’t know
Our BOARDS processes and structure drives a sustainability impacted strategy and vision

14. Panel Discussion
NED Sanofi, Covestro,
Aker Horizon
Chair Ecolean, Einar
Mattson et al, NED Maersk
Head PRME UN Compact,
NED Lego Foundation
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15. Thanks to all Presenters, Advisors & Partners
Thanks to our Presenters & Panelists
Lise Kingo
Arne Karlsson
Mette Morsing
Thanks to The Audience
Operations Committee & Board
Ø Service based on a business model supported by sponsorships and grants.
We extend our deep gratitude to our Partners:
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16. Next at the Boards Impact Forum
20 Sept kl 12-13 “Owner Perspectives, Stewardship & Collaboration with Boards on
Sustainability and Climate Change”
Open Webinar with Professor Corp Governance Morten Huse, Viveka Hirdman Ryrberg Sustainability
Director Investor, Jens Schlyter , Department Director State Owned Companies, Sustainability Expert, NED
Svenska Spel, Christoph Vitzhum, Chair Kone Cranes, Varma, CEO Fazer, NED Nordstjernan, Oras Invest et al
And when signed up as member, join our upcoming peer-to-peer meetings and more
International CGI events
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