ADEC Innovations: Where Impact Matters
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Mr. James. M. Donovan, CEO of ADEC Innovations, speaks to a group of AIM graduate students about how he grew a small operation providing back office services into a global organization.
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ADEC Innovations: Where Impact Matters
- 1. adec-innovations.com ADEC Innovations is an impact investing company that designs, develops and delivers a diverse data management and technology portfolio of Environmental, Social and Governance (ESG) solutions. ADEC Innovations: Where Impact Matters James M. Donovan September 21, 2016 at the Asian Institute of Management
- 2. Presentation Outline Introduction: Why We Need to Invest in Sustainability ADEC Innovations: Our Focus on Impact Sustainability at the Heart of Our Solutions: How We Do Our Part Establishing Multi-Stakeholder Partnerships Advice for Business Owners: Invest in Sustainable Development
- 3. Introduction: Why We Need to Invest in Sustainability
- 5. Environmental laws & Regulations Toxic waste laws & Regulations Climate Change Sustainability Human rights Labor rights Discrimination, Harassment & Bullying Child Labor Health and Safety Corporate Governance Conflicts of Interest Anti-Fraud Regulatory Compliance Anti- money laundering Anti- corruption Conflicts of Interest Child LaborEnvironmental laws & Regulations Regulatory ComplianceHealth and Safety Health and Safety Toxic waste laws & Regulations Regulatory Compliance Anti- money laundering Labor Anti-Fraud Environmental laws & Regulations Child Labor Discrimination, Harassment & Bullying 2016 Child Labor Toxic waste laws & Regulations Regulatory ComplianceHealth and Safety
- 7. The maximum heat index in Cabanatuan City soared to a sizzling 52.1 degrees Celsius on April 14, 2016, while other cities in the Philippines recorded blistering heat indexes.
- 8. El Nino Won’t Stop Record Water Shortage, Experts Say International Business Times April 10, 2016
- 12. ADEC Innovations: Our Focus on Impact
- 13. Founded in 1996. 5500+ associates. Philippines California New York Connecticut Singapore Malaysia Kenya Xiamen UK Australia
- 14. Environmental relates to the natural world and the impact of human activity on its condition. Social manages relationship with employees, suppliers, customer and communities where it operates. Governance deals with leadership, audits, internal controls, compliance and shareholder rights.
- 15. ENVIRONMENTAL DATA SERVICES ENVIRONMENTAL SOCIAL AND GOVERNANCE KNOWLEDGE MANAGEMENT DATA MANAGEMENT
- 16. ENVIRONMENTAL DATA SERVICES ENVIRONMENTAL SOCIAL AND GOVERNANCE KNOWLEDGE MANAGEMENT DATA MANAGEMENT
- 17. Impact is our Business. To create value by redefining and delivering innovative Environmental, Social, and Governance solutions worldwide. ADEC Innovations is an impact investing company that designs, develops and delivers a diverse data management and technology portfolio of Environmental, Social and Governance (ESG) solutions. Ensuring sustainability and long-term financial viability is the key component of our impact investing framework.
- 18. Sustainability at the Heart of Our Solutions: How We Do Our Part
- 20. Sustainability Workbench (SWB) FirstCarbon Solutions’(FCS) is ADEC Innovations’ member company focused on sustainability consulting. FCS’s Sustainability Workbench (SWB) enables users to monitor, manage and report all their sustainability, energy and supply chain data easily and cost-effectively.
- 21. FirstCarbon Solutions’ ghgTrack™ The ghgTrack™ is a tool that lets users monitor and assess the greenhouse gas impact of their operations, as well as all of their environmental metrics, including water usage, waste, recycling and more to reduce costs and report accurately for indices and consortium initiatives.
- 22. CDP Insights™ CDP holds the largest collection globally of self reported climate change, water and forest-risk data. FirstCarbon Solutions offers a variety of services to maximize CDP disclosure and help organizations be recognized as a leading CDP-disclosing company.
- 23. CDP Services FCS provides a roadmap, including a tailored strategy and specific actions and timelines for implementation.
- 24. Carbon FOODprint™ Carbon FOODprint ™ is a unique, web-based tool, powered by FirstCarbon Solutions, designed to help companies in the food services industry minimize carbon footprint and environmental impact and reduce operational costs.
- 25. Compass Group Compass Group is the world’s 6th largest employer and a leader in food and support services management servicing restaurants, corporate cafes, hospitals, schools, and more.
- 26. Ethical Trade Foxconn is the world’s largest contract electronics manufacturer at that time . Clients include Apple, Sony, Nintendo, and HP among others.
- 27. The 2012 Dhaka Fire and other events similar to it have led to numerous reforms in worker’s rights and numerous reforms in Bangladesh. Tazreen Fashion Factory is part of The Tuba group which is a major exporter of garments from Bangladesh and its major clients include Walmart , IKEA, H&M and many other US brands. Tuba company, according to Walmart, had been contracted by a supplier without its knowledge. Supplier Transparency
- 28. Supply-LINK Supply-LINK is an online platform that enables factories to manage and improve performance related to working conditions, environmental impacts and operational efficiency. GO “BEYOND COMPLIANCE” • Supply-LINK™ has been developed by ADEC with a primary goal to help factories improve their performance and create better conditions for workers • ADEC recognized that there was an urgent need for a commercial solution to link industry programs, to go beyond audit and enable practical solutions. • Supply-LINK™ is a software platform that allows brands to view their entire supply chain on a single portal and produce operational reports on performance and risk • Extensively Piloted in 2013/14 and being used by major Brands and their suppliers e.g.: Tesco, M&Co, Walmart, Primark, C&A, Debenhams, M&S, Target and Kmart.
- 29. Benefits for Business and Workers (BBW) Program Better Jobs, Better Business (build efficiency, improve quality, and improve workers’ employment conditions through shorter working hours, better pay, better benefits, more training, and more promotion opportunities)
- 30. Clean Fashion
- 31. What is ? In 2011, a group of major apparel and footwear brands and retailers made a shared commitment to help lead the industry towards zero discharge of hazardous chemicals by 2020. Today, these leading brands in the industry are Signatory Members of the Zero Discharge of Hazardous Chemicals Group (ZDHC).
- 32. Zero Discharge of Hazardous Chemicals’ (ZDHC) Chemical Data Management FULLY INTEGRATED GLOBAL DATA COLLECTION AND BUSINESS PROCESS OUTSOURCING SOLUTION www.roadmaptozero.com Detailed Traceability Data of Chemical Formulations • Contract awarded by consortium of 18 apparel brands. • ADEC developed the industry standards for hazardous chemical data to be used throughout the global textile industry. • 2015 Pilot of ADEC IT Platform & Data bureau to track & phase- out toxic chemical use, water pollutants. • Testing subscription model. 1000+ garment factories worldwide • 11 suppliers now running our system (~30% Nike worldwide Textile Supply Chain)
- 34. An alliance to further advance the development of the public-private partnerships (PPP) standards of the global health sector • Collaborate on a joint research effort entitled, Leadership and Governance Research in Public- Private Partnerships • Establish the PPP Research Laboratory, which will study the efficient delivery of SDG-related projects and how they can have a direct, tangible and positive impact across the world.
- 35. The GCEOA is an organization that fosters multi-stakeholder partnerships, working together with corporate leaders, government and non- government organizations, academia, multi-lateral agencies and individuals who share the same belief that partnerships and innovation will serve as the driving mechanism to develop innovative approaches towards sustainable development. Global CEO Alliance (GCEOA) The GCEOA is an enabling platform that provides a venue for the exchange of SDG-centric solutions in the form of expertise, collaboration, resources and technology in order to address the complexities of achieving the SDGs.
- 36. Advice for Business Owners: Support Sustainable Development
- 37. $2.5-Trillion Funding Gap Annually for Achieving SDGs in Developing Countries $2.5TRILLION Source: UNCTAD’s “Investing in the SDGs” The United Nations in September 2015 launched the 17 Sustainable Development Goals to end extreme poverty, fight inequality, injustice and combat climate change.
- 38. Private Sector Role in Pursuing the SDGs Forms regional SDG investment compacts; build cross-border, multiparty infrastructure development plans, and create and leverage regional value chains. . Provide the financial support/capital means to deliver SDG in other sectors. Establish a new way to generate investment and to facilitate the creation of new strategies, policies and institutions. Reorient investment incentives towards delivering SDG objectives
- 39. Private Sector Role in Pursuing the SDGs Support new forms of partnerships in SDG investment, such as SDG-oriented linkages, multi-agency technical assistance consortia and public-private partnerships. Enable innovative financing and reorienting financial markets by creating new SDG financing vehicles, and develop SDG-related impact indicators and support for ideas such as the Sustainable Stock Exchanges initiative Change the global business mindset by incorporating SDG awareness into business school curricula and other training programmes. Provide the technology and innovation to develop applications and to formulate solutions that address social and environmental challenges.
- 43. w w w. a d e c - i n n o v a t i o n s . c o m James M. Donovan CEO, ADEC Innovations
Editor's Notes
- http://www.usatoday.com/story/money/2016/04/13/peabody-energy-coal-chapter-11-bankruptcy/82971246/
- Sea level rise is caused mainly due to added water from ice melting and the expansion of sea water as it warms. The melting ice would lessen the surface relativity in the oceans and increases the amount of Solar Radiation being absorbed in the atmosphere. http://climate.nasa.gov/vital-signs/sea-level/ http://www.climate.org/topics/sea-level/
- In 2013, companies believed there was a 45 percent chance that events relating to climate change — such as a major drought, wildfire, hurricane or other weather event — would have an impact on their businesses either immediately or within the next five years. That’s almost double the perceived risk from 2011, when companies believed climate change only had a 26 percent chance of impacting their operations. The New York utility company, Consolidated Edison, spent more than $431 million to repair damages caused by Superstorm Sandy in 2012. That same year, Sears Holdings Corp. reported more than $14 million in expenses as a result of repair work and building replacement, describing the costs as “the direct or indirect result of extreme weather.” Tech retailer Best Buy said that 242 of its stores were impacted negatively in some way by climate change in 2011. Meanwhile, Home Depot said it lost as much as $100,000 per store for each day a location was closed due to a storm. Wildfires cost natural gas company Sempra Energy more than $1.1 billion in liability insurance coverage in San Diego, and flooding in Thailand ate 7 percent of Hewlett-Packard Co.’s profits in 2011. http://america.aljazeera.com/articles/2014/5/15/companies-cost-climatechange.html
- Fortunately, it does seem that change is coming. If you’ve been paying attention to the world of business, you may have noticed a key shift. The way we do business is starting to change. Environmental compliance regulations are being set in place and reinforced around the world. Good Environmental, Social and Governance disclosure—or ESG, for short—is increasingly being recognized by the market as crucial to holistic investment decision-making. And speaking of decision-making, new investor and consumer behaviors are being forged by a combination of revitalized corporate ethics, a more long-term and sustainable framework for profitability, and the increased public accessibility of ESG data. The result is greater corporate accountability. A growing body of evidence continues to show a strong link between ESG issues, profits, business activities and, ultimately, stock prices.
- We focus on several key areas such as sustainability, knowledge management, health information, technology services and data management, but everything we do is part of an overarching ESG framework. After years doing of business and diversifying our capabilities, ADEC Innovations has now positioned itself toward the next frontier of ESG solutions and impact investing, believing that businesses can thrive while also being environmentally responsible. This is what we believe in, and this is what we promote and sell through solutions and services to our client organizations.
- We focus on several key areas such as sustainability, knowledge management, health information, technology services and data management, but everything we do is part of an overarching ESG framework. After years doing of business and diversifying our capabilities, ADEC Innovations has now positioned itself toward the next frontier of ESG solutions and impact investing, believing that businesses can thrive while also being environmentally responsible. This is what we believe in, and this is what we promote and sell through solutions and services to our client organizations.
- I’d like to take the opportunity now, if you don’t mind, to briefly mention in passing our own company, ADEC Innovations, because this is the very space in which we operate. We are an impact investing company that focuses in developing a technology portfolio of ESG solutions. Above all else, we believe in sustainability. We like to think of our company as a place where impact matters.
- https://www.youtube.com/watch?v=PXqRYUnoQwA