This session is only available for Initiators & Members of Innovation Pioneers and members of Ignite Sweden.
The sessions is additional to Innovation Pioneers and Ignite Sweden’s ordinary program.
iX sessions nr 1 – Shareholder vs Stakeholder value – Global impact
Date: March 10th 2021
Time: 09.30.00 AM – 11.00 AM, Timezone GMT+1
>> Sign up here
We will send you a link to attend the meeting after you have registered.
Exploring the impact a “Stakeholder” value focus has for your company
Some of the topics we will cover:
- What is the role of Innovation Management to support a Stakeholder value?
- What are the effects on how innovation efforts are funded and financed taking multiple stakeholders into consideration?
- In what way should Innovation Management adapt to support this need and opportunity?
Program March 10th
09.30 Introduction and check-in
09.40 Intro on the Impact Economy and Stakeholder value by Googol
10:00 Live Talk facilitated by Googol with:
- CGI – Martin Högenberg, Head of Innovation CGI Scandinavia (member Innovation Pioneers)
- Lindab – Nicklas Friberg, Head of Lindab Innovation Hub (member Innovation Pioneers)
- RenBloc – Nils Söderström, CEO & Founder (member Ignite)
10.20 Breakout room discussions
10.45 Shared learnings
11.00 End of session
Documentation and learnings will be shared to all Innovation Pioneers and Ignite Sweden members following the session.
Are you ready to make a shift from Shareholder to Stakeholder focus?
A new impact economy is being built, one where businesses prioritize and consider their impact on all the stakeholders they impact—including communities, workers, customers, and the environment. Innovation Pioneers and Ignite Sweden now team up for three joint iX Sessions in 2021 on the theme ”Shareholder vs Stakeholder value”. The goal is to share, learn and co-create a shift for our member companies to a stakeholder focus to benefit more sustainable and profitable business models.
The background
In 2017 the debate shifted drastically on whether the purpose of companies should be to deliver value only to its shareholders, or also other stakeholders; employees, and the ecosystem and the societies that companies are part of. It was finally proven that “long-term led” companies over time actually deliver significantly higher ROI to its shareholders than companies focused on beating the previous quarter.
Two things distinguish long-term led companies. Firstly, their long term investment perspective helped them to grow faster by increasing their innovation capabilities and resilience to change. Secondly, they embraced a broader stakeholder perspective.
The top management of most short-term led companies did not pay much attention to this “new” insight at the time. But, the capital market did. This coincided with the increasing attention on climate change and the growing awareness of the “Millennial effect”, i.e. the power of young consumers increasingly making sustainable purchase choices.
A key milestone for the capital to swing towards sustainability and long-termism was that renewable energy had become the better investment alternative and initiatives like Agenda 2030, the Paris agreement, etc. The next milestone was at the World Economic Forum in Davos 2020. Finally, a broad and concrete framework for ESG-reporting was presented that could be broadly adopted by companies, regulatory instances and the capital markets.
The effect is both increasingly tougher legislation on ESG-reporting, and that today’s capital markets increasingly welcome this to be able to attribute higher risk to investments in companies with poor ESG-reporting and/or low ESG ambitions.
Against this background we invite all members of Innovation Pioneers & Ignite to share and learn on this topic. Together we will start mapping collective insights on the topic, digging into the core questions and, and empower you to address the topic with your colleagues “at home”.
About the hosts:
Innovation Pioneers and Ignite Sweden are two of the leading innovation platforms in Sweden. Innovation Pioneers is a social network and learning platform founded by innovation leaders and practitioners with over fifty member organizations from a wide cross industrial background of companies, organizations, government agencies, academia, research and startups. Ignite Sweden is a non-profit initiative that aims to foster innovation and accelerate commercialization by connecting startups to large companies and public organizations.
Contact hosts:
Susanne Fuglsang – Innovation Pioneers, susanne.fuglsang@innovationpioneers.net, +46 70 738 99 97
Sara Hamlin – Ignite Sweden, sara@ignitesweden.org