Sustainability-related terminology is confusing and the scale of change faced can appear daunting. This is especially true for a business just starting to consider its sustainability journey.
Key to overcoming this road block is identifying the most important topics for your business, the risks/opportunties faced and how to prioritise action.
How can we help ...
Value-chain mapping to understand the positive and negative impacts of your business on society.
Assessing the resilience of your business strategy to future trends including recognised climate-change scenarios.
Prioritising material topics and identifying any required changes to strategy, commitments or policies.
For some businesses, making commitments and identifying the important areas for action is relatively straightforward, but they do find it challenging to deliver progress and improve performance.
Some key steps to overcoming these challenges are being clear on the measurable outcomes being pursued and integrating these into strategic execution.
How can we help ...
Identifying key performance indicators, setting targets (including alignment with science-based guidelines such as Science Based Targets initiative) and establishing data collection/aggregation processes that will meet external assurance requirements.
Integrating environmental and social topics into relevant planning and performance management processes (strategic planning, business planning, investment planning, funding strategy).
If your business is committed to a sustainable future then sharing your progress with interested stakeholders is a vital part of engagement.
In the early stages, this may involve coverage on your web site or in your annual reporting of items including actions taken, risks and opportunities-faced, changes to governance processes and policies, and the strategic direction being pursued.
As you gather pace, aligning the disclosure of your commitments, targets, plans and performance with international standards, guidelines and appropriate benchmarks will become more important.
How can we help ...
Integrating environmental and social performance into your public disclosures making use of relevant reporting standards and guidance (e.g. GRI, <IR>, TCFD/CRD).
Identifying relevant (ESG) performance benchmarks, prioritising and planning business improvements and preparing disclosures aligned with requirements.
Every business needs to develop its understanding of sustainability and what it means to their long-term future.
Employees all need to know how their decisions and actions each day help the business on its journey to a sustainable future.
That's why, under-pinning every engagement we undertake, our goal is to transfer knowledge and strengthen the capabilities of your team.