In a recent article published by Trellis Group, a leading digital media network combating the climate crisis, Sustainserv’s Dr. Matthew Gardner overviews the heightened ESG strategy pressures facing holding companies and highlights the three most critical issues they must address to achieve stronger sustainability outcomes. He writes:
“Companies such as Microsoft, Costco and Switzerland-based Partners Group manage large portfolios of smaller companies that operate in many sectors. Costco, for example, has 31 subsidiaries and operates 905 warehouses worldwide. To streamline its sustainability efforts, Costco has implemented the STAR (Sustainability Technical Assistance Review) program, which helps warehouses manage compliance, energy, water, waste and emissions.”
He underlines the complexity of managing large geographically distributed portfolios that span across different regulatory and cultural environments. These unique challenges make thoughtful leadership when it comes to ESG strategy crucial for the future success of holding companies.
To read more on how holding companies can make strategic decisions in this environment, check out the full article here.
