Climate change is for real and multiple scientific evidence that has been provided by scientists and climate change activists to ask for increased action by corporates and individuals alike to actively work towards reversing and/or stopping the phenomena. Corporates especially are increasingly challenged to incorporate visible and meaningful action on climate change in their day to day activities. Investors are also requesting for transparency on corporate greenhouse gases (GHG) emissions and looking forward to strategies to reduce them. This resulted in a shift towards market responses, i.e. proactive managerial and technological measures, such as the establishment of carbon inventories, investments in ‘green’ products and cleaner production processes[1][2].

VSM stands for the Viable System Model and it introduces the concept of a viable organization and its ability to survive in a changing environment. VSM consists of a number of systems that correspond to the needed roles in an organization for it to be viable and self-producing. There are four underlying principles for VSM according to Beer[1]. These four principles and relevant comments on my behalf are presented below.

(Vasudha Chhotray and Stoker, 2010) define corporate governance as, “Governance is about the rules of collective decision-making in settings where there is a plurality of actors or organizations and where no formal control system can dictate the terms of the relationship between these actors and organizations”[1]. The Australian Stock Exchange[2] publishes a list of principles for corporate governance which can also be applied to 3P (project, program, and portfolio) governance.

Positive impact investments are investment approaches that seek benefits on both; eco-social and financial fronts at the same time. Business sustainability 4.0 is not only about surviving, making profit and growth but also encompasses social, environment and spiritual development of humanity. Issues such as climate change, social justice, inequality, global poverty, etc. have negative environmental and social consequences that directly affect the operating environments of any organization.

Corporate culture has taken positive impact investments into consideration especially since the implementation of both 17 Sustainable Development Goals (SDGs)[1] of the United Nations and the Paris climate accord (COP21)[2] has become an unavoidable obligation for businesses. Portfolio management frameworks today are not capable of taking Impact investments into consideration. Also, no systematic approach is proliferated to connect strategy, culture, impact, and investments from an organization’s perspective[3].

Vision for an organization is, “what the person, team or organization wants to create in its best possible future. It is an evocative description of what is possible. A vision is not “something out there” that is impractical, but a way of setting a compelling scenario. Creating this image of the future requires the ability to expand one’s sense of possibilities and then focus on what new initiatives can lead to success”[1].

Well, I just had to write about this since people in general and some, in particular, like to regurgitate the same things again and again. Regurgitating[1], of course, adds value for yourself if you are going to learn and practice but it adds little value to the already existing knowledgebase. Internet especially because of its open nature is a place where regurgitating ideas and information happens on a much larger scale. Sometimes they are just clickbait[2] and sometimes they are outright wrong in the information that is being presented.

Vision and mission statements are very important in setting the organizational culture and leadership values in any organization. The organizational aspirations are valued by the vision statements whereas the mission statements put the vision in the context of the business environment and push the organization to execute for the achievement of that vision. In simple words, “a vision is what the company aspires to BE, and mission is what the company is in the business to DO”[1].

According to the University of Manchester, " Academics generally work within a university, combining research, teaching and administrative duties. Academics are the life-blood of a university, without whom the institution would not exist"[1]. Academics have a very systematic approach to research which provides lots of benefits when it comes to the introduction or evolution of new/existing concepts and/or processes. The way academics detail out each and every aspect of a subject under consideration is amazing. Exceptions are taken care of from an academic perspective and most of the corner cases are covered in the research subject.