#306: Going Beyond Spreadsheets To The Triple Bottom Line with Colin K Banning

Our Guest Mentor:                                                        

COLIN K BANNING is Innovation, Entrepreneurship & Sustainability Expert with over 10 years of experience in Business Development, Outsourcing, Transition and Transformation, Process Improvement gained his time with Coca-Cola Enterprises, Cap Gemini & Xerox. Colin is currently CEO at TGB Consulting and ProTalento Guatemala. He is a Board Member for the Guatemalan Exporters Association and Consultant for the United Nations Conference on Trade and Development.  

A graduate of Business Administration and an MIT Bootcamps Alumni, while Colin is based out of Guatemala City, Guatemala   

Key Quotes From the Episode: 

[On the importance of sustainability in GTM strategy] Yes, I need to be profitable, but at the same time, I cannot be profitable at the expense of the environment that provides me a lot of the raw materials I use in my businessor with the communities and the society, that will be either my providers, my vendors, or my clients.”[05:23] 

[On reaction from SME business partner to ESG reporting] Being sustainable is really nice, but it’s too expensive.” [08:20] 

“[On importance of understanding our impact] I think, there will be no business opportunities in the next 15, 20 years if we don’t dramatically change the way that we the business today [30:30] 

(Other resources and how to connect with Colin below). 

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Key Points From the Episode:

– What going “Beyond the spreadsheet” means for the triple bottom line 

– Based on his work with the UN, where we can start facilitating better adoption of corporate reporting and culture around ESG objectives and SDGs  

– How to get SMEs involved in the process of what is seen as “expensive” sustainable reporting 

– The importance of cross-functional collaboration and perspectives to improving reporting capabilities and cultures and gaining “exposure opportunities.” 

Stamped Show Notes 

[03:24 Colin shares his career journey from Coca-Cola enterprises where he was in charge of the corporate collections management team, SOX auditing and more latterly his work as a consultant and with the United Nations investigating how to incorporate environmental, social and governance information, locally.   

[05:20 Based on his work with the UN, where we can start facilitating better adoption of corporate reporting and culture around ESG objectives and SDGs. 

[08:03] – How to get SMEs involved in the process of what is seen as “expensive” sustainable reporting. 

[12:25] – Why a lack of understanding from the business owner is slowing adoption of sustainabilitybased decision-making and where accountants and finance professionals can help 

[15:15– What going “Beyond the spreadsheet” means for the triple bottom line. 

[19:42] – The importance of cross-functional collaboration and perspectives to improving reporting capabilities and cultures and gaining “exposure opportunities. 

[23:12] – A story when Colin was an ops guy and the importance of his controller ability to blending other functions. 

[24:29] – Best advice that Colin shared to the audience  

[26:45] – Colin recommends some resources around sustainable development 

[29:15] – Best way to connect with Colin  

[30:00] – Colin’s parting thoughts on embracing the process 

Resources Mentioned: 

Website:UN SDG Guides 

https://www.un.org/sustainabledevelopment/takeaction/ 

https://www.cfotaskforce.org/ 

https://www.unglobalcompact.org/sdgs/sustainablefinance 

https://isar.unctad.org/publications/ 

Connect with today’s guest: 

LinkedIn:https://www.linkedin.com/in/ckbanning/ 

Email:colin.banning@unctad.org 

Email:cbanning@tgbconsulting.net 

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