Derek Young - Vice President ESG at CBL Properties
Derek Young is an ESG, CSR, sustainability, and communications professional with over 25 years of experience. He is recognized as a thought leader capable of working across industries, analyzing and determining needs and opportunities for risk reduction, value creation, and building and delivering strategic ESG, CSR, Sustainability programs, messaging and branding campaigns, and community and stakeholder engagement efforts.
Derek has led ESG consulting for Summit Strategy Group as well as served as the in-house CSR/Sustainability leader for a number of companies, including TGI Fridays, FedEx Office and Invista Performance Surfaces & Materials.
He currently leads ESG for CBL Properties, a real estate investment trust in the retail sector. CBL owns malls, lifestyle centers and outlets in 22 states with more than 59,000,000 sq feet under management.
Derek lives in Chattanooga, TN with his wife and his dog Hank.
Derek Joins Sustainable Nation to Discuss:
Engagement with tenants in sustainability initiatives
Best practices for sharing data and fostering communication between landlord and tenant
Whether the politicalization of ESG has impacted the approach to ESG at CBL or in the industry at large
Advice and recommendations for sustainability professionals
Derek’s Final Five Questions Responses:
What is one piece of advice you would give other sustainability or ESG professionals that might help them in their careers?
Learn how to speak in the language of the businesses that you operate in. In this space, it can be very easy to get sucked into the bubble of acronyms and terminology and to lose track that it has to connect to something of substance and value, and it has to be relevant to the business in which it's being delivered. If you do that efficiently and if you do that effectively, it's much easier to secure the support of the broader business and to get integrated and embedded faster and more effectively. As anybody coming into a role, particularly an in-house role, spend the time, learn how that company talks about things, learn how that business operates independent of your ESG or sustainability role, and then look for ways to merge those two things together.
What are you most excited about right now in the world of sustainability?
I'm really enjoying the work on climate risk. I really think that this is a window to much more robust climate action. I think that we're seeing where risk and opportunity intersect because of it, and I think it's producing more knowledgeable businesses who are able to take more substantive action. As we continue to break that risk down, whether it's physical risk or transitional risk, and look for mitigation opportunities, it's going to produce more effective companies who have better carbon management planning and decarbonization initiatives as a result.
What is one book you would recommend sustainability leaders read?
I just finished a book by Solitaire Townsend called The Solutionists that is absolutely outstanding. It’s a really great book that really looks at and focuses on how businesses can fix the future and how the business world can be a driver of change.
What are some of your favorite resources or tools that really help you in your work?
I love listening to podcasts like this one. I find that hearing it from people directly is a really efficient and effective way to pick up ideas and understand what's happening out in the world. I spend a little bit of every morning going through several of the key news sites. So whether that be GreenBiz or ESG today or the Sustainable Brands website or some of the others that are out there, just to make sure that I have a fairly well-rounded point of view on what's happening in the space. Then I look very strongly towards one-on-one interactions with colleagues and friends who I trust to make sure that we have opportunities to converse and share ideas and learn from each other on a regular basis. I have a core cohort of colleagues that I turn to on a regular basis for that as well.
Where can our listeners go to learn more about you and the work being done at CBL properties?
Our website is cblproperties.com and there is plenty of information on our website to find out about the work that's being done at a corporate level. You can look me up on LinkedIn and I've got plenty of information on that site as well. I’m happy to connect with anybody who's interested in connecting with me.