Businesses recognise the importance of sustainability leader

illuminem summarizes for you the essential news of the day. Read the full piece on Sustainability Magazine or enjoy below:

🗞️ Driving the news: Key professionals across various industries are transitioning into significant sustainability roles
1. Janet Truncale ascends to Global Chair and CEO at EY
2. George Moubayed is now Chief Sustainability and Strategy Officer at Caterpillar
3. David Costa takes the helm as Chief Sustainability Business Officer at NTT DATA Inc
4. Chris Bradshaw shifts to Chief Sustainability Officer at Bentley Systems
5. Nicholas Moss becomes Head of Nature-Based Solutions at Nuveen
6. Lastly, Nathalie Wallace joins Edmond de Rothschild as Chief Sustainability Officer

🔭 The context: These individuals bring extensive experience from their previous positions, ranging from management consulting to IT, and from global strategy to marketing
• Their new roles emphasize a growing trend in businesses prioritizing sustainability, showing a shift in corporate leadership structures to integrate environmental, social, and governance (ESG) goals

🌍 Why it matters for the planet: The appointment of these leaders signifies an increased corporate focus on sustainability
• Their roles are critical in steering their respective organizations towards more environmentally and socially responsible practices, which is essential for addressing climate change and promoting sustainable development

⏭️ What's next: With these appointments, expect further integration of sustainability strategies in these companies
• This could lead to more innovative solutions for reducing environmental impacts, advancing green initiatives, and possibly setting new industry standards in sustainable practices

💬 One quote: "I am absolutely honoured to have been chosen to lead EY—an organisation I’m proud to have been part of for more than 30 years. I am excited to build on the great legacy left by Carmine Di Sibio and continue to build a better working world." (Janet Truncale, Global Chair and CEO at EY)

📈 One stat: More than 90% of CEOs state that sustainability is important to their company’s success, and 72% of businesses believe climate change presents risks that could significantly impact their operations, revenue, or expendi​​​ture

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