EcoVadis is pleased to announce the addition of Tim Mohin to its Scientific Advisory Board. Tim brings four decades of sustainability leadership across Fortune 500 companies including Intel, Apple and AMD, government and ESG standards. He is currently Partner and Director of Climate and Sustainability at Boston Consulting Group where he focuses on corporate strategy for climate mitigation, achieving compliance with ESG disclosure policies, developing ethical global supply chains, integrating ESG concepts into financial services, and carbon accounting strategies.
Previously, Tim served as CEO of the Global Reporting Initiative (GRI) and was EVP and Chief Sustainability Officer at carbon accounting software company Persefoni. He also led the development of key environmental policies in the U.S. Environmental Protection Agency and U.S. Senate.
Tim is also the author of “Changing Business from the Inside Out” and a frequent speaker and writer on sustainability and corporate responsibility. He writes a weekly ESG Newsletter, one of LinkedIn’s 2022 Top Voices in the Green Economy, and is consistently recognized in the top 20 Corporate Social Responsibility Influence Leaders. Tim received his master’s degree from Duke University, focusing on environmental management.
We spent a few minutes with Tim to get his perspective on some of the trends shaping the financial value of sustainable business.
1. What are the key strategies to help companies not only remain compliant, but also help them manage risk and ensure resilience to keep pace with rapid and complex regulatory changes?
It’s important for companies to realize that compliance is a milestone, not a destination. The recent wave of ESG policy coming from the EU and other jurisdictions may seem overwhelming, but it can be summarized as the (much needed) maturation of the sustainability practice. So, looking at the long-term objectives and establishing strong management systems is the key to continuous compliance that will also deliver value to the corporation.
2. There has been some backlash against corporate ESG initiatives in the U.S. What is your take on this and the financial implications it raises?
Yes, the backlash is real and not confined to the U.S. Having been around these issues for a long time, I have seen the pendulum swings before. While one voice may be stronger than the other in a short period, the long-term trend is that sustainability is now firmly embedded in business strategy and operations. Sustainability has moved from a “nice to do” reputational concern, to an expectation of investors, lenders, employees, customers and other stakeholders.
3. What should be the role of North America in shaping business growth in a riskier, regulated and resource-scarce world?
The U.S. is still the world’s largest economy and, as such, should lead in the integration of sustainable business practices. Under the Biden Administration, there have been massive strides in this direction. A hallmark of the American approach is an emphasis on incentives for clean technology as opposed to penalties or other regressive measures.
The Scientific Advisory Board serves an important role in shaping EcoVadis’ methodology. Its primary objectives are to:
- Provide guidance on methodology principles and processes underpinning EcoVadis assessments.
- Make recommendations on how to take into account new sustainability standards, practices and regulations.
- Provide opinions on external market context and developments (economic, geopolitical, scientific, etc.).
- Address any issues arising with application of the ratings, as part of the internal escalation process.
The nine members have expertise in the environment, carbon, biodiversity, human rights and more.
Learn more about the other Advisory Board members here: https://ecovadis.com/leadership/.
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