How to embed Responsible Innovation in Corporate Reporting

How to embed Responsible Innovation in Corporate Reporting

on August 23, 2020

About Emad Yaghmei

We are presenting you an interview that was conducted by our colleagues from the Living Innovation with mr. Emad Yaghmei. Emad Yaghmaei is Senior Researcher at the Faculty of Technology, Policy and Management at Delft University of Technology. His research interests cover governance of organisations and processes with focus on their ethical, social, and governmental impacts. He is specially interested in designing and developing necessary policies and methods for implementation and evaluation of Responsible Innovation within industrial context. His publications lie in the intersection of science, innovation, technology, and society. His current work takes the outset in Responsible Research and Innovation (RRI) and its institutionalisation within stakeholders across Innovation Ecosystems.

Challenges of Implementing Responsibility

“Lack of management support is basically a callenging part. It depends on the top of the company, of the sector and of the size and also It depends on how long the ecompany has been ran. Normally for the company that has been running for 5 country is easier to addopt RRI, unlike for those that exist for 5 years and less, which are at the current moment just thinking how to avoid bankruptcy.” as stated by mr. Yaghmei

He pointed out on three issues that emerge within the process of embedding RRI in the core of the company’s business

“Lack of management support doesnt matter for the type of the size, is one of the things – CEO may be commited but the management is not engaged. This is the first issue that emerges when we talk about embedding RRI in Companies.

Second issue is that some of the things that are important is that RRI, sustainability – may be not placed in the core creation of the company, that represents a real problem. IF they want to embed sustainability in their agenda, since it is not placed in value creation it is quite difficult to make it possible.

Third – Unclear objectives can be an issue as well. Unclear competences, which decisions or policies you promote as a company.

And as well, missing budget. They are increasing the investment to capture the value returns in responsible innovation. Long term they may get the commercial gain, they may get the corporate image and for these reasons the missing budget may be an issue.”

Our most important insights from this interview with Emad Yaghmaei:

  • Even though RRI has gained traction in the private sector, many companies struggle to translate abstract concepts into business action.
  • Jointly developed Key Performance Indicators provide a great opportunity to align economic and societal values.
  • However, in some disruptive sectors, we still need a broader societal discussion to be able to define RRI indicators.

This interview has been taken from the Living Innovation website. To watch the full interview click on the video below