The Environmental, Social and Governance (ESG) and sustainability landscape is continuously changing. Increasing stakeholders demands, changes in regulations and pressures from the financial sector all have significant impact on the development, direction and focus of a business’s ESG and sustainability strategy.
Your sustainability strategy should focus on the right priority areas, encompass the most important internal and external drivers, include your stakeholder opinions and link to the company’s commercial strategy.
Whether you are are starting with a blank page or refreshing your existing approach, we can help you on your journey to develop an effective ESG and sustainability strategy that is robust enough to withstand the scrutiny of your most demanding stakeholders and ambitious enough to drive meaningful, demonstrable change.
Our approach to ESG and sustainability strategy development is straightforward and focusses on co-creation. We want to develop a strategy that works for you and your business, and we make sure to include our clients throughout the process.
Our consultants dive deep into the key sustainability drivers and topics for your business, as we identify the sustainability and ESG standards relevant to your business and market. Our team of experts understand the impact and requirements of current and upcoming frameworks and standards such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), EU Corporate Sustainability Reporting Directive (CSRD), Task Force on Climate-Related Financial Disclosures (TCFD), CDP and others.
As stakeholder input is extremely valuable and required by many standards, a key step in the process is thorough stakeholder mapping where we will identify which internal and external stakeholders will provide input through interviews, focus groups or surveys. This information will provide insight into the key impacts the business has on society and the economy but also, together with a financial materiality assessment including key risks and opportunities, will form the basis of the double materiality assessment.
You have to set targets that might make you feel uncomfortable because you just don’t have all the answers yet – but these are targets that you know are needed.Paul Polman Former Unilever CEO
The identified material topics represent the areas that the organisation hthe most significant impact on the business. A strategic analysis will provide insight into what the key external drivers are for your business in your industry to focus on using gap, competitor, PESTLE and SWOT analysis.
Combining all these insights, we will then work collaboratively to develop a strategic ESG framework that includes a vision, priorities and objectives. Suitably ambitious targets with aligned KPIs for all your priority areas will be developed and agreed upon, and we will conduct a thorough review of your ESG governance approach against best practice and provide recommendations. A coherent set of actions, alongside realistic but ambitious targets, will then chart the course for you to achieve your ESG and sustainability goals.
A good strategy is focused, evidence-based and action-oriented. The process we recommend gives you real-time insights on the expectations of your business, clarity on key sustainability trends and the issues you face, and a diagnosis of your strengths and weaknesses. This sets the overall direction for your approach and clearly articulates the business imperative and future value to the company.
To find out how our team of experts can help you with your ESG and sustainability strategy, contact Joaska Mischke or request a call-back.
Joaska is a sustainability and transformation specialist with experience in developing and integrating ESG and sustainability strategies.
As our Head of ESG and Sustainability Strategy, Joaska is responsible for leading and developing strategic initiatives for our clients, ensuring that the team continues to embed sustainability into organisations within an ever-evolving business landscape.
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