The Challenge: Data that Doesn’t Speak the Language of the Room
When Quinn walks into a new client engagement, the conversation often starts from the same place. Companies have data, but it isn’t making the impact they want it to make.
The complexity, he argues, goes deeper. Product teams need product-level granularity but are working with sector averages. Sustainability data sits in systems that don’t communicate with each other. Sometimes, the sustainability team is siloed, doing important work that never reaches the people authorized to act on it.
Even where data does reach the right rooms, it often arrives in the wrong language. Sustainability professionals think in tons of CO2, greenhouse gas emissions, and life cycle assessment outputs, whereas CEOs and CFOs think in euros, dollars, and francs, and procurement managers think in cost per unit. The translation between those vocabularies is not automatic, and without it, sustainability reporting produces “nodding in boardrooms” rather than decisions.
It’s our job to translate sustainability information to a financial value at risk, or carbon intensity into a procurement decision,” says Quinn. “And I think that translation, not only the measurement, is how embedding sustainability truly starts to click at companies.”
Deloitte has recently developed the Sustainability Fusion framework to help effectively communicate the business case.
According to Quinn, only a quarter to half of companies in Switzerland are financially quantifying their climate-related financial risks (see page 24). This figure highlights how many sustainability teams are still having a different conversation from the one happening in the boardroom.