IS ESG Woke? and Mental Models for Procurement
3 WEDNESDAY WISDOM INSIGHTS to make you Better at Procurement
Hey Procurement Legend,
Say welcome to the new Procurement Legends who have joined our community. Introduce yourselves to the World of Procurement Community here.
I’m currently on my way to Ben Nevis, the highest Mountain in the UK, to climb it today. I’ll then be climbing up Scafell Pike and Snowdon within the next 24 hours.
If any of you can spare even a £1/$1, we’re raising money for SOS Children’s Villages Charity, which is literally changing the lives of children and families worldwide.
Make sure you’ve subscribed to our community. If you’ve not taken the paid leap, become a paid community member to unlock new content and community opportunities.
What’s on my mind this week?
Firstly, you should check this video out that we put together:
The two most popular responses to my poll last week were that you wanted more content around new skills and Learning Digital Procurement.
I’ve made this section for World of Procurement which covers all of our skills series, which will drop every Tuesday for all World of Procurement members.
Here are some posts that will help you improve with Digital Procurement. I’ll be releasing a new State of Procurement Tech this month for Paid Members around AI and what it can do for you.
3 WEDNESDAY WISDOM INSIGHTS
Adopt Second-Order Thinking:
“Failing to consider second- and third-order consequences is the cause of a lot of painfully bad decisions, and it is especially deadly when the first inferior option confirms your own biases. Never seize on the first available option, no matter how good it seems, before you’ve asked questions and explored.”
—Ray Dalio
More on this next Tuesday.
Companies With Good ESG Scores Pollute as Much as Low-Rated Rivals
“ESG ratings have little to no relation to carbon intensity, even when considering only the environmental pillar of these ratings,” said Felix Goltz, research director at Scientific Beta. “It doesn’t seem that people have actually looked at [the correlations]. They are surprisingly low.”
To The Procurement Dinosaurs:
Legendary investor Charlie Munger has an “iron prescription” to make sure he doesn’t become a slave to his beliefs. “I’m not entitled to have an opinion on this subject unless I can state the arguments against my position better than the people do who are supporting it,” he says. “I think only when I reach that stage am I qualified to speak.” - Hidden Genius, Polina Marinova Pompliano. (as an Amazon Associate I earn a commission from this link)
ICYMI
See you Next Week and make sure you send this email on to someone in your network.
Daniel