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Implementing ESG reporting in 20 minutes

Implementing ESG reporting in 20 minutes

Webinar

Implementing ESG reporting in 20 minutes

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In this 20-minutes webinar Casper van Leeuwen will update you on the importance of Environmental, Social and Governance (ESG) reporting, the steps involved with an implementation including practical examples of how to establish relevant and auditable KPIs, and highlight complexities with the consolidation of certain non-financial data and how to overcome those.

Satriun combines hands-on experience obtained from several sustainability reporting implementations, academic study as members of the Integrated Reporting <IR> Technology Initiative working group, and a proven track record with CPM implementation projects. Satriun’s ESG Implementation Toolbox enables companies to leverage their existing investments in CPM technology for the benefit of ESG reporting. Offering practical building blocks and an extensive library of relevant KPIs for ESG reporting, the toolbox also includes methods to secure data quality as well as to consolidate and harmonize certain non-financial data that otherwise cannot be aggregated. We will also provide insights into our value proposition in this webinar.

 

What you can expect from this webinar:
  • Why ESG reporting is different from sustainability reporting
  • Why ESG reporting is important to you and to investors
  • What steps are involved with implementing ESG reporting
  • How to embed ESG elements into your planning & control cycle
  • Practical examples of ESG reporting elements
  • Satriun’s value proposition in relation to ESG reporting

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21.12.2021 10:00

Implementing ESG reporting in 20 minutes

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The Bas Brouns Bookclub: Putting the human into Corporate Control

The Bas Brouns Bookclub: Putting the human into Corporate Control

Personal Journey

The Bas Brouns Bookclub: Putting the human into Corporate Control

Bas Brouns is a lifelong learner. His journey began back in 2007 with the inspiring lectures given by his professor of international finance at the London Business School, Professor Raman Uppal. Since then Bas has tuned into the things that he would most like to improve about how he leads himself and others. Through personal coaching, reading, listening and putting his learning into practice, he has been able to make deep progress, opening up new ways of working and of being.

Here Bas gives an honest and generous account of his personal journey. Read on for some great insights into embarking and progressing along your own path.

When we connected for the interview about KLM‘s finance transformation journey, you spotted The School of Life’s “An Emotional Education” on the bookshelf behind me. And it triggered a rich conversation about the books that have most influenced you. And it all began with your Professor at The London Business School?

Yes, that was in 2007. I was living in London and attending The London Business School. In one of the courses, there was a professor, Professor Raman Uppal. He was elected as the school’s favorite professor for a couple of years in a row. So I took his course on international finance. First of all, because I wanted to learn about international finance, but secondly, at the end of each lecture, he shared a life lesson, or he gave his view on life.

Professor Uppal also gave a list of 20 books that he recommended. The first one was Mitch Albom’s, “Tuesdays with Morrie”. I bought it and I started to read it. It triggered a lot of thoughts and ideas for me. When I got back to The Netherlands, this book inspired me to commit to my own personal coaching journey. I did quite a number of personal coaching sessions. I asked the coach about which books to read. I wasn’t interested in the 20 most popular leadership books, but I wanted to know what to read for my own personal journey. I searched for a long time, what fits me and what helps for me to take steps forward.

Another book that made an impact on me was Eric Weinberg’s, “Touch the Top of the World”. It’s about a young boy turning blind, and then wants to climb the Mount Everest. He achieved it. A real story.

Then the third book was “The Power of Now” by Eckhart Tolle, a very famous book. The first time I went to read it, I threw it away. I didn’t understand it. I got annoyed by not understanding what he meant.  (Then 10 years later, I read it again and it made sense to me. So apparently something happened in between). I’ve now read many books and watched many webinars and TED Talks and you can see there’s a common line that runs through them. During the extended lockdown here in The Netherlands during corona, I think I read more than in the five years before. For self-reflection and to further develop myself.

 

So Professor Uppal really inspired you to start your own development journey, one that continues to this day. To take a step back…after you had started reading, you then had the opportunity to do an executive assessment with KLM that further informed the journey you had begun?

Yes, we did an executive assessment within KLM with Spencer Stewart a couple of years ago, and that also led to some observations or areas for improvement. This triggered me to start my coaching journey and going to the next ‘S curve’ in my development. This triggered another list of books that I started to read…

 

You have identified what sounds like two journeys here. The personal journey inspired by your Professor in London. And then the professional journey prompted by the executive assessment with KLM. How have these two journeys interacted? Have they come together?

Yes, they definitely work together. There’s a clear common thread running through the books I started reading in London and then what I got from my personal assessment and coaching journey.

My coach worked with a three-phase framework on social engagement. It helps you identify if you’re in balance, in fight/flight modus or if you’re more in crisis mode. A lot of my reading was about going from balance to fight/flight. Linking back to my personal reading – “The Power of Now” is very much about being in “the now” and not thinking 10 steps ahead. If you’re constantly thinking ahead and assessing things and making up scenarios in your mind – you just fill up with adrenaline. But if you are able to stay in the now, you can create more calm in how you respond. And you can be in the here and now for the people around you.

One of the books that I read last year was about feedback. Vivek Murthy’s “Together” is also very much about social engagement, about connecting to other people without prejudice. It’s about keeping a neutral stance to people without judging them before you really talk to them. And that was one of the lessons in “Tuesdays with Morrie”. Also Joe Dispenza, whose work I’m now connecting with more. The books I’m choosing to read all share common ground.

 

So would you say, for you, the journey has been about finding ways to connect back with the self to create a safe and calm space for the people you’re working with?

Correct.  And related to that is how to manage energy. I noticed that at some point my work cost me a lot of energy. People would say, “but you have a very busy job”. But I knew this wasn’t the reason it was costing me so much energy. Because I also know that when I’m in the flow, I lose track of time and doesn’t cost energy. So I wanted to look deeper into that flow state and better understand what gives me energy and what costs me energy. I wanted to know why I was experiencing what I was experiencing and what I could do to bring me into a more relaxed state. Every book or TED talk or lecture I tuned into in some way connected to this key challenge. My coaching focused on this also.

 

In exploring this challenge, did you delve into the reasons why you have this challenge? Was part of your coaching journey about looking into how you have become who you are? Did you go that deep?  

Yes, as much of it relates to how you were born and raised, the family you grew up in. If you look into all of that then you come a long way in understanding why you are where you are today and why you do what you do.  It has helped me understand why I can demand so much of myself. I wouldn’t say I had demanding parents, but the environment instilled that element within me. I have demanded a lot of myself and worked very hard to achieve. But now I feel strongly that the most important thing is to realize that at some point it is okay to let go of stuff and not be overly demanding of yourself.

I’ve also reflected on how I have also been quite demanding on others. By being less harsh on myself, it also transforms how I am with others. I think the most striking observation I had last year was when I successfully let go of some stuff. And it was still okay! Nobody judged me for it. In fact by doing this I was able to still perform in the same way and I had the mental space to empower more people around me.  When you trust the people around you, you have more oxygen in your system and, well, you’re a lot better to be around – as a father, a friend, a colleague.

 

So what do you do now when you when you feel the pressure rising? When you feel the prickles?

I listen to my body. I’m aware of how it feels – say when I feel my blood pressure increasing, or if I start breathing differently. It triggers my awareness that, hey, something is happening. Breathing is so important. I do breathing exercises and at home I listen to music. Music refreshes me.

 

Where are you in your journey now? How would you describe the phase you’re in now?

Right now I’d say I’m in the Joe Dispenza phase. Meditation is central to his work, but I’m not there yet.

 

So what are the early steps that you’re taking?

It’s baby steps. I’ve made my own mind maps of his book and that’s it for now.

I have to say, in all honesty, his book was a little it’s a different league than what I have read before, because he was very much into physics and how the brain works. I find watching the YouTube sessions with the book helps a lot. So that’s where I’m at. I’m looking forward to getting into the meditations.

 

Sounds wonderful. And Francis Frei came up in our last conversation. Can you tell me about how Francis Frei came on your radar and the impact she has had on you?

Last year in March, I went to Harvard for a week. She gave a lecture. And what was striking to me is that in one or two hours, she could simply explain her view on leadership, which I’m sure a lot of the other books if I would have read could not have done so. All a lot of things came together in the triangle that she drew about leadership, which is all about trust. Leadership is not about you, it’s about people. That was her first line. Her TED talk covers it in 15 minutes.

After that two hours, I went back to the hotel room and mapped it all out in a one pager. I came back to work and recommended her book, “Unleashed”. No one had heard of it here, despite it being so big in the US. So I was able to contribute to other people’s journeys as well.

 

And what was the first thing you started doing differently as a result of listening to her work? What was the first thing you implemented?

Not forcing things or trying to be somebody else. On a very practical note – recognizing that the moment when people start checking their phone or their email is the moment they have “left the meeting”. They’re still physically there, but they’re no longer into it. And the key is to ask myself why this is happening.

And on the leadership part, I was very much focused on trying to be myself and being honest about stuff and questioning myself. I reflected on if people would feel I am honest and open for them to be the same. It doesn’t have to be a good message every time, but at least it has to be authentic. Everyone has a “wobble” and I had the feeling that this is where my wobble was. So I really focused on improving my ability to be myself and hold space for the people around me to do the same.

 

That takes phenomenal courage. How did making this transformation feel for you? And how did you see people respond?

In the beginning, it’s quite difficult. As people wanted to step around difficult messages. But I noticed with my new approach, people appreciated how I was bringing things. And things never escalated. I think the other thing that I noticed is that I no longer feared these kinds of conversations. So apparently I felt comfortable with them. Because I was just being me.

 

We’ve covered a deep and broad personal journey in a very short amount of time. I can imagine it has made a difference in all areas of your life. The area I’m really interested in today is – how has this all fed into who you want to be as a Corporate Controller?

Well, I think the short version is that I want to be more human. A human Corporate Controller. Before I was a controller, I was in the Treasury Department, which is very much brain oriented department. And in corporate control, there is more of a talent management leadership element in it. So it’s a HR driven. My initial reflex, when I started this job was to jump into numbers and to hold on to them because I was used to doing that in the Treasury Department. And now I rely on much more than just knowing the numbers.

And I think the crisis helped me a lot, because it made me realize that there was so much work coming at me. We had talked about workload in the past and how I dealt with that, which was simply to work harder and harder to prove myself. I put the bar quite high. This crisis has helped me see that there are other ways to handle such a high workload. It got so high that I actually felt that I had no other choice than to just let go and become myself and empower the people around me to do their stuff. And it has worked. I don’t think we could have made it any other way.

I now make time to develop myself instead of being busy with the numbers all day. So it has been a long journey, if we go back to the professor 2007. I’m sure many people do it faster than me. But I think what helped me is that I, I found my own way in the books and in the lectures that fit me. And that would also I think be my be my advice for others – take the time to find the books and talks that fit you and your journey.

 

Top 3 things we learnt talking to Bas about his personal development journey

  1. Being open, honest and relaxed gives the people around you permission to be the same. And it’s better for everyone.
  2. Take the time to find the books and talks that best fit you and your “wobbles”. You and the people around you will all reap the rewards.
  3. Andre Agassi was a better tennis player than John McEnroe because he had a growth mindset! 🙂

If you’re interested in joining the Bas Brouns Book club, here are some of the books that have inspired Bas. But remember, it’s your journey. Certain books will speak to you more than others. Tune into what you need and go for it!

  • De Botton, Alain, The School of Life: An Emotional Education
  • Albom, Mitch, Tuesdays with Morrie
  • Weihenmayer, Erik, Touch the Top of the World
  • Meyer, Erin, The Culture Map
  • Pink, Daniel, Drive
  • Dweck, Carol, Mindset
  • Wopereis, Hans, Bezieling werkt
  • Frei, Francis, Unleashed : The Unapologetic Leader’s Guide to Empowering Everyone around You
  • Dispenza, Joe, Breaking the Habit of Being Yourself.
  • Murthy, Vivek, Together

Here is the complete list on bol.com -> Bas Brouns Book List

Lightening Round

To give you a flavor of what you might discover in the pages of these books, here is a “lightening round” with Bas, where he calls out the first thing that comes to mind on each book.

 “Tuesdays with Morrie”

 First reaction, only read it on Tuesdays. And this was the starting point for my journey.

“Touch the Top of The World”

 Inspirational ambition. You can achieve anything

“The Culture Map”

The Bible of culture, also for the corporate world.

“Drive”

Intrinsic motivation it’s not only about what you’re paid, but what drives you.

“Mindset”

Find your growth button and when you have people apply for jobs select on growth mindset. Realizing that Andre Agassi was better tennis player than John McEnroe, because he had the growth mindset!

Yesssss! Okay. Are you ready for the next one? “Bezieling Werkt”

Oh, yeah, it’s sources of growth for any organization. Very much related to Daniel Pink’s “Drive”. It’s about what is your deepest drive? It’s not about organizational structures. It’s again about, what is your intrinsic motivation, your passion?

Francis Frei’s TED Talk.

One picture that explains leadership.

“Breaking the Habit of Being Yourself”

A tough one. Still working on it. But there is hope that I can change my mind.

And to take us right back to the beginning again, when you think of your professor Raman Uppal, what is the first thing you think of?

A mild, genuine, gentle, kind, inspirational guy who taught me so much more than international finance.

 

What a wonderful sounding man. A magic note to end on, thank you Bas.

 

 

Want to hear our podcast with Bas Brouns?

Listen to our Calling Corporates podcast! Every couple of weeks we upload new interviews.

How KLM gets the best out of tech

How KLM gets the best out of tech

Podcast

How KLM gets the best out of tech

KLM Royal Dutch Airlines is the oldest operating airline in the world. It also holds a heartfelt place in Dutch society as a whole. So what an opportunity to spend time with someone who has dedicated a significant part of his career to ensuring the airline continues to flourish. We spoke with SVP Corporate Control Bas Brouns to find out all about the inner workings of the finance transformation journey at KLM.

To give you a flavour, this episode covers

  • KLM’s journey to becoming a high performance organization and what that has meant for Finance
  • Refreshingly honest insights into the peaks and troughs of KLM’s Finance First Transformation program and the implementation of OneStream with Satriun
  • Reflections on how KLM navigated the recent challenges posed by the global pandemic.

Bas also shares some invaluable wisdom on leadership and managing a large team of professionals.

 

Want to hear the whole conversation?

Listen to our Calling Corporates podcast! Every couple of weeks we upload new interviews.

Demystifying AI for Finance

Demystifying AI for Finance

Webinar

Demystifying AI for Finance

AI is set to considerably impact the office of Finance as it’s becoming more accessible and natively supported by most CPM solutions. Finance departments need to make informed decisions on how AI is set to influence their work and role in the organization as whole. This webinar will present the key concepts behind AI and the relevant use cases for Finance.

Satriun analytics and planning experts will explain the building blocks of AI and how your organization can deploy AI capabilities in your CPM application to streamline the planning process and automate detection of anomalies. You will see for yourself how a few new buttons in your workflow can shrink significantly your reporting process.

 

Why should I attend?

What you can expect from this webinar:
  • An introduction to AI: the origins, evolution and why now is the right time to embrace it
  • What are basic concepts behind AI without using overly technical jargon
  • Use cases for embedding AI into your existing planning and actuals processes
  • The data and skill prerequisites for your finance organization in order to harness AI’s benefits

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25.11.2021 10:00

Demystifying AI for Finance

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Consolidation. Reporting. Budgeting.

Consolidation. Reporting. Budgeting.

Events

Consolidation. Reporting. Budgeting.

Business growth is always a joy, even if it brings new challenges. Join the “Consolidation, reporting and budgeting” Webinar organized by Board & Satriun on October 19th at 11:00 AM CEST to learn more about ways to carry out a successful consolidation of you business, as well as means to centralize your reporting.

The Satriun & Board Starterkit is the result of a one year collaboration and its’ purpose is to help you develop statutory & management accounts and reporting tailored to your business needs. This fast, unified and simple solution will help you achieve productivity, in an all-in-one platform.

 

Discover the advantages of the Satriun – Board starterkit

Improve financial management, governance, production and disclosure of regulatory reports

All processes and data in a single unified Business Intelligence & EPM solution

Rationalise the Consolidation process

Model a process-oriented environment, based on request control

Provide accurate, complete and qualitative information to the stakeholders

Comprehensive governance of the data & 100% Self-service analysis and reports.

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19.10.2021 11:00

Consolidation. Reporting. Budgeting.

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Mega mergers, opportunity spaces and leveraging tech at Discovery Inc.

Mega mergers, opportunity spaces and leveraging tech at Discovery Inc.

Podcast

Mega mergers, opportunity spaces and leveraging tech at Discovery Inc.

We spoke with Gunnar Wiedenfels, CFO of Discovery Inc. to ask him about his journey adopting digital management reporting solutions at the company.  What followed was a master class in seeing and seizing opportunity spaces and challenging the status quo with some astonishing results. 

When Wiedenfels took up his appointment as CFO at Discovery Inc. in 2017, CEO David Zaslav invited him to take four weeks to “take a good look at Discovery Inc.” and report back his fresh outside-in perspective. Zaslav didn’t have to ask twice.

One of the early observations Wiedenfels made was that the external financial reporting and internal management reporting was focused on high level profit and loss metrics, leaving, “a big gaping hole in the middle”. He saw that the company was not set up to manage for cash as he believed it ought to be. As Wiedenfels stated in a June 2021 interview by the Hollywood Reporter, “cash never lies”.

 

1. Outside in perspective

This observation was a trigger for change. And then came the $14.6 Billion Scripps acquisition, just months after Wiedenfels arrived in New York. “So that obviously created another huge opportunity because now I could share an outside in perspective on not only one new company, but two new companies at the same time.”

Following the acquisition, Discovery Inc. leadership took “a good step back, to think about how we would do things if we were setting this company up from scratch today.” An opening Gunnar described as, “an enormous opportunity space.”

 

2. First things first: innovate management reporting

One of the early improvements Gunnar and his team initiated was partnering up with Satriun to innovate management reporting at Discovery Inc., using the CXO cockpit, to deliver:

  • One version of the truth
  • Integrated financial data and management commentary
  • New opportunities for analysis and an accurate historical record

This collaboration proved to be a great success. “What’s amazing about Satriun is that I was 100% convinced that they’re delivering what they’re saying. They’re close enough to what’s actually happening, they know what they’re talking about, and they’re making a commitment. And I know that they’re not going to rest until it’s delivered, you know, in time and budget, and I had that experience so many times with Satriun’s executive team and… it’s amazing.”

The project has transformed the efficiency and depth of management reporting at Discovery Inc. During that early period of Gunnar’s tenure as CFO, he and his team achieved $1 Billion in cost synergies. It was reported that in that first year, 2017, the combined Discovery Inc. and Scripps firm reached $3.1 billion in free cash flow.

 

3. The mega merger for a new content powerhouse

Fast forward to 2021 and Discovery Inc. is now amidst a $43 billion mega merger with WarnerMedia – a combination that is tipped to create a new content powerhouse, and very possibly a new biggest player in the streaming landscape. The new entity, Warner Bros Discovery has already been branded as, “the stuff that dreams are made from.”

And if ever there was an opportunity to get the best out of tech, this is it. Wiedenfels shared some fascinating insights on this, both in terms of building a new streaming platform and combining the finance functions into “one new big future proof container.”

It sounds very much like opportunity spaces will keep on opening and the emergence of WarnerBros Discovery will certainly be a space to watch closely.

 

Want to hear the whole conversation?

Listen to our Calling Corporates podcast! Every couple of weeks we upload new interviews.