Why do I need a sustainability strategy?
Addressing environmental, social and governance (ESG) issues is good business practice. It helps de-risk businesses, and attract the widest pool of investors, employees and customers. It is no longer a nice-to-have but a must-have.
Every company we work with is already doing many sustainability positive activities, from managing health and safety to the treatment of staff and charity fundraising. Some companies want to know ‘what next’, whilst other companies are doing so much that they need to prioritise.
A good ESG strategy builds on what is already being done, focusing and honing efforts, and filling in any gaps. Included targets and actions should be proportionate and tailored to the businesses operations and stakeholders. It brings together workstreams that are occurring in many different parts of the business to form a cohesive vision and plan that can readily be communicated internally and externally.
How we can help provide you with strategic direction
We give clarity on what to do, by when and what this will achieve. We bring together workstreams spanning many different parts of the business in a cohesive vision and plan, that can readily be communicated internally and externally. Our process for delivering this starts with a materiality exercise that is then built upon into a strategy:
01
Identification of environment, social and governance issues.
02
Engagement with stakeholders, directly or indirectly, to understand impacts, priorities and business operations.
03
Weighting and combining individual viewpoints to form a collective evaluation of the ESG issues important to a company.
04
Development of a framework to address key ESG issues.
05
Analysis of existing business practices, best practices, and legislative requirements to provide business-specific targets and action plans.
06
Production and communication of detailed guidance to support strategy implementation.
Our aim is always to upskill and empower client delivery of our strategies, but we're here to help with as much, or as little of the implementation as you need.