{"id":22578,"date":"2024-08-05T07:26:57","date_gmt":"2024-08-05T07:26:57","guid":{"rendered":"https:\/\/www.frost.com\/events\/innovation\/?p=22578"},"modified":"2024-08-07T09:15:06","modified_gmt":"2024-08-07T09:15:06","slug":"industry-insights-reflecting-on-innovating-for-sustainability","status":"publish","type":"post","link":"https:\/\/www.frost.com\/events\/innovation\/industry-insights-reflecting-on-innovating-for-sustainability\/","title":{"rendered":"Industry Insights: Reflecting on Innovating for Sustainability"},"content":{"rendered":"<p><strong>World Environment Day and Frost &amp; Sullivan\u2019s 6P Framework <\/strong><br \/>\nWorld Environment Day (WED) is celebrated on June 5th every year, and the themes for this year were land restoration, halting desertification and building drought resilience, all as part of a broader theme, \u201cOur Land Our Future.\u201d We are Generation Restoration.<\/p>\n<p>To help meet the sustainability challenges ahead, Frost &amp; Sullivan recently launched a 6P framework, shaped by the pathway of Policies to Platforms. It is designed to help transform the future of Environmental, Social and Governance (ESG), Sustainability, and the Circular Economy, a system based on the reuse and regeneration of materials or products. The 6P&#8217;s stand for Policies, Products, Processes, People\/Personas, Partnerships and Platforms. This framework also highlights the critical role of technology to drive the three S\u2019s of digital: sustainability &#8211; scale, speed and savings.<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-22580\" src=\"https:\/\/www.frost.com\/events\/innovation\/wp-content\/uploads\/2024\/08\/Workshop-San-Diego-2-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><br \/>\n<strong>Innovation Workshop &amp; Tour Takeaways<\/strong><br \/>\nI recently spoke at Frost &amp; Sullivan\u2019s Innovation Workshop &amp; Tour hosted at UC San Diego. The event theme, Innovating for Sustainability, provided an opportunity to discuss the relevance of the 6P model as an industry agnostic framework for delivering \u201cmore with less.\u201d My presentation included a guide to policies, processes and synergies that can influence the design and development of more sustainable products, and opportunities around carbon reduction and resource optimization.<\/p>\n<p><strong>Here are just a few of the insights and strategies shared by other thought leaders at this highly informative event:<\/strong><br \/>\n<a title=\"https:\/\/www.linkedin.com\/in\/jenniferbrace\/\" contenteditable=\"false\" href=\"https:\/\/www.linkedin.com\/in\/jenniferbrace\/\"><b>Jennifer Brace<\/b><\/a>\u00a0\u2013 Chief Futurist at\u00a0<a title=\"https:\/\/www.linkedin.com\/company\/ford-motor-company\/\" contenteditable=\"false\" href=\"https:\/\/www.linkedin.com\/company\/ford-motor-company\/\"><b>Ford Motor Company<\/b><\/a>, kicked off the workshop with a<br \/>\nkeynote on <em>Preparing for the Future of Sustainability.<\/em> Jennifer highlighted the importance of both outside-in innovation and understanding customer personas when creating sustainable programs and practices.<\/p>\n<p><strong>According to Brace, <\/strong><strong>there are six core tenets of being a futurist:<\/strong><\/p>\n<ul>\n<li>Preparation is more important than prediction<\/li>\n<li>Watch for outliers<\/li>\n<li>Be provocative<\/li>\n<li>Balance provocation with plausibility<\/li>\n<li>Embrace uncertainty<\/li>\n<li>Imagine multiple versions of the future<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.linkedin.com\/in\/kelsidoran\/\">Kelsi Doran<\/a>, Director of Sustainability at <a href=\"https:\/\/www.linkedin.com\/company\/cisco\/\">Cisco<\/a>, addressed the need to tackle our carbon footprint and enhance our handprint &#8211; positive and tangible sustainability actions and projects) &#8211; especially in the context of AI. As shared, AI brings the potential to scale sustainability initiatives, but it also consumes a tremendous amount of energy. To address this, we\u2019ll need to modernize, digitize and secure grids to provide the energy necessary to fuel AI. We\u2019ll also need to drive innovation to optimize efficiency and invest in renewable energy.<\/p>\n<p>Dr. <a href=\"https:\/\/www.linkedin.com\/in\/nikolajuhasz\/\">Nikola Juhasz<\/a> &#8211; Global Technical Director \u2013 Sustainability, at <a href=\"https:\/\/www.linkedin.com\/company\/sun-chemical\/\">Sun Chemical<\/a>, highlighted the challenges and opportunities of influencing sustainability from the upstream segment. She discussed emerging practices such as working with suppliers to give guidance on preferred raw materials, focusing on reducing or eliminating emissions, and assessing the impact of different product solutions with packaging formats\u2026 just some of the ways to enable a more sustainable and circular environment.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-22581\" src=\"https:\/\/www.frost.com\/events\/innovation\/wp-content\/uploads\/2024\/08\/City-of-San-Diego-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/p>\n<p>In her Fireside Chat &#8211; Show Me the Money: Investing in Sustainability for Innovation, conducted with <a href=\"https:\/\/www.linkedin.com\/in\/dpszm\/\">David Szmigielski<\/a>, Executive Director and Senior Lead Investment Banker, Sustainable Finance &amp; Advisory, <a href=\"https:\/\/www.wellsfargo.com\/cib\/\">Wells Fargo Corporate &amp; Investment Banking<\/a>,<strong>\u00a0 <\/strong><a href=\"https:\/\/www.linkedin.com\/in\/rebecca-o-neill-b2286117\/\">Rebecca O&#8217;Neill<\/a>, Global Head of Sustainability at <a href=\"https:\/\/www.linkedin.com\/company\/marvell\/\">Marvell Technology<\/a>, discussed her organization\u2019s consortium-driven approach to crafting sustainability initiatives. The company partners across businesses to make the case upstream.<\/p>\n<p>O\u2019Neill advised participants to explore how to forge sustainability coalitions in their own organizations. Ask: What are the most material issues? What are the risks and opportunities? How do they sit in the value chain? How do we influence them? O\u2019Neill encouraged participants to identify key stakeholders and to bring in all different aspects of the business to formally and informally engage. Then, co-create initiatives, KPIs and targets.<\/p>\n<p>Other notable thought leaders including Kevin Reyer, Program Manager for Sustainability at Millipore Sigma, who highlighted the company\u2019s \u201cDesign for Sustainability\u201d Program and Russ Schneidewind &#8211; Director of Business Development at HydraForce, Inc., who discussed the B2B drivers of sustainability, rounded out a day of keen insights and learning.<\/p>\n<p>A special thank you to Paul Roben, Ph.D. Associate Vice Chancellor, Innovation &amp; Commercialization at UC San Diego, for hosting us in the university\u2019s state-of-the-art Design and Innovation Building.<\/p>\n<p><i>Fredrick Royan currently leads the Sustainability and Circular Economy Practice at Frost and Sullivan, covering research and consulting in water and wastewater treatment technologies, waste recycling and related service markets. As a leader in the sustainability field with more than two decades of experience, he brings together a system-thinking and data-driven approach to tackling some of today\u2019s most complex sustainability challenges.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Environment Day and Frost &amp; Sullivan\u2019s 6P Framework World Environment Day (WED) is celebrated on June 5th every year, and the themes for this year were land restoration, halting desertification and building drought resilience, all as part of a broader theme, \u201cOur Land Our Future.\u201d We are Generation Restoration. To help meet the sustainability [&hellip;]<\/p>\n","protected":false},"author":133,"featured_media":22579,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[27],"tags":[],"coauthors":[130,30],"class_list":["post-22578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pdslog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.4 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Industry Insights: Reflecting on Innovating for Sustainability<\/title>\n<meta name=\"description\" content=\"To help meet the sustainability challenges ahead, Frost &amp; Sullivan recently launched a 6P framework, shaped by the pathway of Policies to Platforms.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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