To achieve ESG along with other compliance outcomes in the presence of uncertainty, organizations need the help of three rings:
🔸 Ring of Alignment (coordinated effort towards targeted outcomes)
🔸 Ring of Performance (capabilities to meet obligations)
🔸 Ring of Consistency (conformance to standards)
These are held together by the fellowship of:
🔸 Feed Forward leading indicators and actions, and
🔸 Feed Back lagging indicators and actions
When these are operating together as one, obligations can be met and stakeholders will experience the benefits from being in compliance: improved quality, safety, environment, security, sustainability, and so on – the real power of compliance.
And who knows, you might even defeat the forces of Mordor and save Middle Earth. Now wouldn't that be something.