The Wao Podcast
The Wao Podcast
Can business thrive and do the right thing at the same time?
0:00
-40:39

Can business thrive and do the right thing at the same time?

And what about political uncertainty, short-termism and community?

We’re living in a time of huge political change and uncertainty - both globally and in New Zealand. While people and businesses are trying to “get ahead”, most have become much more conscious of the social and environmental impacts of the decisions we make. So where does business fit? Are we suffering from short-termism? Could we be doing better? What about liveability, wellbeing and community?

All big questions. And they’re questions which Alec Tang spends much of his time focussing on. Alec is a Partner at KPMG based in Auckland, co-leading the firm’s Climate, Sustainability and ESG proposition, as well as its Nature and Biodiversity Initiative. He’s a Chartered Environmentalist, a Member of the Institute of Directors, and a Fellow of the Institute of Environmental Management and Assessment.

In this interview, Alec shares his thoughts on these key areas and talks specifically about adapting to change, remaining focussed on climate impacts and fostering collaboration across sectors. He’s a fan of long-term thinking, the value of storytelling in driving sustainability initiatives and the potential for positive change amidst uncertainty.

Time codes and topics

00:00 Navigating Tensions in Business and Sustainability

02:21 Understanding Client Contexts for Effective Change

05:56 Adapting to Political and Economic Uncertainty

10:03 The Importance of Community and Collaboration

13:55 Key Strategies for Business Leaders

17:28 The Role of Sustainability Reporting

21:21 Collaboration Across Competitive Boundaries

25:21 The Pitfalls of Short-Term Thinking

Takeaways

  • Change is constant, and businesses must adapt to it.

  • Understanding the context of a business is crucial for effective consulting.

  • Storytelling is essential for communicating sustainability efforts.

  • Collaboration across sectors can lead to innovative solutions.

  • Short-term thinking can undermine long-term sustainability goals.

  • Diversity of thought is critical for effective problem-solving.

  • Businesses need to embrace fundamental changes in their strategies.

  • Political changes can significantly impact business operations.

  • It's important to recognise that many people share similar sustainability goals.

  • Sustainability reporting must lead to actionable change, not just compliance.

Useful links

  • Alec Tang’s KPMG profile - here

  • Alec on LinkedIn - here

  • Articles by Alec on Newsroom - here

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yBC.tv

This podcast was produced by yBC.tv, with Mark Sinclair as interviewer. Mark is a publisher, professional interviewer and produces a number of other podcasts. He is also a mediator, helping people to resolve disputes collaboratively, with reduced cost, reduced stress and greater control - website here.

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