

I was quite excited when Greenleaf
Publishing sent TBL a copy of Sustainable Value hot off the press
for us to review. Written by Chris Laszlo and published earlier
this year, its first few pages are filled with impressive enough
praise from academics and business people alike, including a foreword
by Patrick Cescau, Unilever's Group CEO.
Perhaps what sets the book
apart is that it begins as a 'story'. It's light reading. It's
fun reading (ok you can discount that a little bit because I am
a nerd). It doesn't dive into the heavy business-case-for-sustainability
kind of talk. It's a fluid read. Something you can take on the
plane and actually look forward to reading.
It starts with the story of
Deena, the Chief Executive of a plastics-based industry. Her company
is delivering exceptionally high financial returns. Its stock
is selected in the 'Vice Fund'- based on the idea that 'sin' stock
are highly profitable activities that yield above-market financial
returns joining the ranks of the worst environmental performers
in the oil and gas sector, tobacco or adult entertainment. She
is a character whose choices most business readers can thoroughly
relate to.
By the time readers have shared
her 'aha' moments in her -and her company's- journey to more sustainable,
ethical corporate citizenship, they're fully primed to read the
section that follows: four companies' sustainability case studies,
including Walmart's.

I would say my favourite part
perhaps remains The Sustainable Value Framework. If you are a
visual person, like me, then try skipping merrily to Section 9.
Here, my initial excitement was again justified. It is a basic
sustainability concept captured and articulated in a visually
convincing and appealing manner - at least for a business audience.
The catch is, this book's
ideal reader is s/he who needs to be convinced of the business
case for sustainable practices. Clearly, that means it has a huge
readership in Pakistan. But, how likely are the people that need
to be convinced in the first place, of actually picking up a book
like this? And then, to read it through and derive the value that
lies between these statistics-packed pages (a vital element of
any good writing in this genre, in my opinion)? I don't know if
it was intended for such a readership, but I do believe, that
it is at this early level of sustainability understanding that
it adds the most value.
Sustainable Value is also
a good book to read if you're feeling low, in need of inspiration.
And I don't mean the fruity kind, I mean the quantitative, qualitative
kind that not only propels you into action but gives you some
pointers on how to stay in action.
The latter, however, is perhaps
a weakness of the book. The core of its toolkit, 'the eight disciplines'
comes across as a bit underdeveloped. It is a framework that gives
the feeling that it is tailored from a generic management background
without a true Sustainability agenda toolkit as a real part of
it. But again, it remains a framework for beginners to at least
start bouncing off of.
The bottomline: read it for
conceptual clarity and sustainable inspiration. And stay in that
top-right quadrant where there is true sustainable value creation!
about the
writer
Khadeeja Balkhi is a Sustainability Consultant who finds great
joy in her work, whether it's strategizing, hands-on implementation,
field-based stakeholder engagement or documentation and monitoring.
She can be reached at
editor@triplebottomline.com.pk