Today’s Playbook for Tomorrow’s Transformation — After speaking at The Economist’s event Today’s Playbook for Tomorrow’s Transformation, former Goldman Sachs Chairman and CEO Lloyd Blankfein discussed deglobalization with Actionable Strategies’ CEO Jeffrey Wu.
Banking on Emerging Markets — Actionable Strategies’ CEO Jeffrey Wu led a panel on emerging markets finance that included Godwin Emefiele, Governor of the Central Bank of Nigeria; Vera Esperança dos Santos Daves De Sousa, Minister of Finance of Angolal; and Ken Ofori-Atta, Finance Minister of Ghana.
UN Global Compact — Prior to the UN General Assembly meeting, Secretary General António Guterres gave a speech to the Global Compact. Actionable Strategies’ CEO Jeffrey Wu was invited and shared his thoughts.
Global NYSE Economic Forum — Philippines President Ferdinand Marcos, Jr. addressed the New York Stock Exchange Economic Forum. Actionable Strategies’ CEO Jeffrey Wu was part of the delegation in attendance.
Global Africa Business Initiative — Actionable Strategies’ CEO Jeffrey Wu joined heads of state, senior government officials, and business leaders to discuss practical approaches to promote economic growth without exploiting the continent or destroying the environment.
MOU for Smart City in Vietnam Signed — Smart City on the Central Coast of Vietnam will reduce energy consumption, improve transportation infrastructure and therefore economic production, enhance public safety, stimulate human capital development, and reduce pollution.
LOI for West African Energy Projects Signed — Sustainable development and resilience require a reliable and affordable supply of energy. We will jointly pursue projects that power West Africa.
LOI for Vietnam Smart Cities Signed — Smart City and Smart Grid opportunities in Vietnam will be developed adapting our strategies, architectural approaches, and implementation methods to the Vietnamese market.
LOI for South Africa Solar Plant Signed — This distributed energy solution will include battery energy storage to enable continuous operation.
Actionable Strategies Placed on CT Preferred Energy Consultants List — Focused on issues affecting the cost and provision of energy, telecom, water and utility services.
Thoughtful Digital Transformation — Success is predicated on clear vision and aspirations for transformation along with effective change management of impacted processes and organizational responsibilities.
Distant Horizon for Maturity of ESG Reporting – Too many standards and continued uncertainty about ESG Reporting is delaying maturity.
ESG and Transformation – Capital allocation to ESG is increasing but transformations are required in key areas.
Employees Key to ESG Reporting – Employees determine the morality of companies (Aspen Institute), making ESG reporting complex.
Gamestop Speculation and Market Structure – Speculators proved safeguards work but exposed market structure issues.
ESG Investment and Product Opportunities – Government support is growing for the private sector for socially responsible investments.
ESG Pushback and Controlling Reporting – According to some investors, ESG is nonsense! Companies must control reporting as it directly affects their valuations.
Reputational Risk and Market Value – A company’s reputation is a precious intangible asset that is directly affected by ESG activity. It should be managed as a vital asset.
Recovery Underway Despite Hardship Anecdotes – Despite many economic hardships the start of the recovery is well underway.
Aligning ESG to Strategy – Ensuring strategy aligns to ESG goals is a growing part of our work. Our power infrastructure project in Myanmar will reduce existing emissions and integrate renewable energy sources in alignment with a number of frameworks.
Future of Renewables Critical to Emerging Markets – The Future of Renewables Global Event reinforced the importance of Actionable Strategies’ projects in emerging markets. 1 in 8 people in the world lacks electricity impacting the cold chain to supply vaccines and leading to household air pollution which results in 4.3 million deaths annually.
ESG Returns to Strategic Prominence – As the pandemic is projected to recede next year, ESG is already reemergenging as a key strategic consideration. Signs include Mandatory Diversity, Increasing Investment, and Corporate Pledges.
Strategic Objectives for Myanmar Smart Grid Strategy – Actionable Strategies has signed a MOU with a consortium in Myanmar for a Smart Grid Strategy and implementation. The long-term strategy will begin with grid modernization in Yangon, adding more advanced Smart Grid technologies with a foundation of information and communication technologies. Myanmar has the lowest electrification rate in Southeast Asia, constraining economic growth and impacting social, environmental and developmental improvements.
Strategic Planning During Heightened Uncertainty – The global pandemic has heightened uncertainty which increases the need for an actionable and achievable strategic plan. Key planning considerations include uncertainty over the shape and timing of the recovery, transformation of many aspects of core business models, political uncertainty and the return of ESG.
Business Recovery Lessons – Chinese business leaders provided the following lessons: omnichannel is now imperative, direct to consumer is a reality, continue transmission protocols, face-to-face interaction remains important, telework will persist.
Supply Chain Diversity – Reducing risk from overseas supply chains is important. Lessons can be learned from the financial crisis and diversification of prime brokerage.