Building Sustainable Futures for Ventures - Insightful ESG Education with Dr Harriet Fesq

On May 17, 2024, the UNE SRI proudly hosted an engaging and informative education session titled "Unpacking ESG: Building Sustainable Futures for Ventures" by Dr. Harriet Fesq.

The event brought together a diverse group of entrepreneurs, industry experts, and community leaders to explore the critical role of Environmental, Social, and Governance (ESG) principles in shaping the future of business and fostering sustainable economic growth. 

Dr. Fesq, a renowned expert in community development and social impact, kicked off the session by acknowledging the traditional custodians of the land and expressing her excitement about the potential for ESG to drive positive change, especially in regional and rural settings.

Her passionate introduction set the tone for an afternoon filled with rich discussions, practical insights, and collaborative learning. 

Understanding ESG: More Than Just an Acronym 

Throughout the session, Dr. Fesq demystified the concept of ESG, explaining that while it stands for Environmental, Social, and Governance, its implications are far-reaching and deeply interconnected with various aspects of business operations. She emphasised that ESG is not merely a reporting framework but a comprehensive approach to conducting business responsibly and sustainably. 

Participants were educated about the origins of ESG, tracing its evolution from corporate social responsibility (CSR) initiatives to the more comprehensive and rigorous standards we have today. Dr Fesq emphasised the importance of understanding the intricacies of ESG ratings and how they can occasionally be misunderstood.

She used examples like Tesla's and Philip Morris's contrasting ESG scores to illustrate the complexity and evolving nature of these metrics.

Practical Insights and Real-world Applications 

During the session, Dr. Fesq effectively explained complex ESG concepts and provided practical strategies for attendees to implement in their own businesses. She offered valuable insights on how small businesses can integrate ESG principles, even with limited resources.

These strategies covered areas such as improving labor practices, engaging with communities, and enhancing environmental sustainability. Attendees left with actionable steps to make a tangible impact.

A significant portion of the discussion focused on the challenges and opportunities that regional businesses face in the context of ESG. Dr. Fesq underscored the importance of starting at home by treating employees well and fostering a positive workplace culture.

She also discussed the critical role of supply chain transparency and the need for businesses to consider the broader social and environmental implications of their operations. 

Fostering a Culture of Innovation and Sustainability 

The UNE SRI's commitment to supporting regional entrepreneurs was evident throughout the event. By organising sessions like this, UNE SRI not only provides valuable education but also fosters a culture of innovation and sustainability within the community. The incubator's strategic priorities align with the goals of building high-growth regional businesses, inspiring students, and accelerating the commercialisation of innovative research. 

Dr. Fesq's session was particularly impactful in highlighting the interconnectedness of ESG and regional development. She stressed that regional businesses have unique opportunities to lead the way in sustainable practices due to their close ties to the community and the environment.

This perspective resonated strongly with attendees, who left the session feeling empowered and motivated to implement ESG strategies in their own ventures. 

Building a Brighter Future Together 

The "Unpacking ESG" session demonstrates UNE SRI's commitment to supporting entrepreneurs by providing expert knowledge, fostering connections, and promoting economic prosperity in regional communities.

This event plays a crucial role in equipping founders with the tools for success, as shown by the positive feedback from attendees, reinforcing UNE SRI's mission to drive sustainable growth and innovation in the region.

For more information on upcoming events and how you can get involved with UNE SRI, visit our website at www.unesri.com.au. 

This session not only educated but also inspired participants, reinforcing UNE SRI's role as a catalyst for positive change and sustainable business practices in regional Australia. By continuing to offer such valuable programs, UNE SRI is helping to build a brighter, more sustainable future for all. 

This event was proudly funded by the NSW Government through the Accelerating Regional Innovation Fund and delivered with support from Armidale Regional Council.