For CEOs in manufacturing, the end of 2022 feels like coming up for air after swimming 10 laps of a pool underwater. Few thought they would manage at the outset, some had to be hauled out after struggling through a few laps but the majority found their stride and made it to the end.

Bottom line benefits of adopting ESG practices

Companies that have embraced the ESG (environmental, social and governance) agenda in recent years have enjoyed a significant boost to the bottom line as well as wider strategic benefits, according to new research by Moore Global.
 

Banks pride themselves on being the glue that holds together business empires and, indeed, whole societies. Boring, solid but indispensable: those have been the watchwords since the Medici invented modern banking 550 years ago.

The travel industry faces an uncertain holiday season for the third year in a row as the economic ripples of the Ukraine conflict are amplified by the persistence of Covid in many key tourist markets.
 

Succession planning is the latest aspect of business life where the ESG agenda is having a profound impact. Handled correctly, it could resolve many of the thorny issues company owners face in attracting talented young staff and promoting leaders of the future.

Economic responses to the Covid pandemic created favourable conditions for corporate deal-making, with cheap money and low inflation driving demand and valuations higher.

Businesses across the world are being buffeted by a new industrial revolution but this one feels very different to what’s gone before. Where previous revolutions were technology-led, this time around change is also being driven by people radically reappraising their roles in the workplace.

Not so long ago marketing was all about the Mad Men of Madison Avenue; Don Draper slugging back three whiskies before 10am then making a barnstorming pitch to out-of-town bosses who were in awe of his talent to spin a killer catchphrase.

ESG expert Kris Russell was recently honoured at the COP26 conference on climate change for the achievements of the team he led at Dallas Fort Worth, making it the biggest airport in the world to become carbon neutral.

There is a serious risk that COP26 will create unrealistic expectations about what is possible on the road to net zero carbon emissions, while ignoring the real-world progress we are making towards a more sustainable economic future.

Pressure is growing on shipping companies to accelerate efforts to become cleaner and greener, with tougher decarbonisation targets announced recently. For an industry responsible for almost 3% of the world’s carbon emissions, it’s a tough ask.

Largest independent accountancy firm in Scotland will join the Moore Global network, marking “a major step forward in transforming the Moore business in the UK, and beyond.”
 

Anton Colella, CEO of Moore Global, believes

pragmatism on both sides could deliver a post-war boom

We are delighted to announce that Hiregange & Associates LLP, one of the leading firms for indirect tax in India, is joining the Moore Global network. 

A digital real estate revolution is spreading across the world as property specialists increasingly ‘tokenise’ assets to improve liquidity in the world’s most valuable asset class.

Real estate investment has bounced back strongly as the world comes to terms with Covid, with exciting new asset classes and so-called “secondary” locations on investors’ radar for the first time. At the same time, many traditional bricks and mortar investments may never again deliver the returns property funds once relied on.

Women are badly under-represented in the property sector. A recent benchmark study showed only 9% of CEOs in commercial real estate were women, while there was a 55% gap in bonuses and commission between males and females. 

Suppliers in the automotive industry have a dilemma: continue to develop systems for traditional cars or gamble on electric vehicles which make up only a fraction of global sales.

Driving around Brisbane recently Anthony Hayley felt his trusty old car stutter. There were a few more worrying clanks and bangs in the days to come, then it died completely. But then came the real shocker: he was told there was no chance of getting a replacement for nine months – if he was lucky.

Thomas Ziegler, leader of Moore Global’s automotive group, considers the impact the shift from combustion engines to battery powered vehicles will have on the global supply chain.

London’s West End is ready to bring back audiences with strict health checks and socially-distanced seating but more could be done to ease producer’s anxiety.

Graham Tyler, leader of Moore’s media group, reflects on the new realities of film and TV production that include directors organising shoots from their living rooms via internet links.

The advertising industry has reinvented itself to meet Covid filming restrictions. Technology has replaced a lot of human talent and a boom year is on the horizon.

The global pandemic has forced business owners to confront the shortcomings of their legacy systems and embrace the edge that Artificial Intelligence (AI) and Big Data gives them.

Moore Global’s growth continues with the addition of our newest national firm, Moore Hungary.
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With a team of nearly 100 professionals, Moore Hungary will offer a full range of consulting, financial and tax advisory, accounting and audit services.
 

A challenged world is an alert world. Everybody has a part to play in calling out gender bias and inequality. So, we have chosen to mark International Women’s Day by seeking out and celebrating the achievements of successful women in business.