ESG strategy

ESG strategy

Organisations are facing increasing pressure to address environmental, social, and governance (ESG) issues. They must manage reporting requirements, including disclosure on greenhouse gas (GHG) emissions, and implement effective carbon, pollution, and waste reduction measures to increase resilience and mitigate reputational risk. At the same time, plans must be developed and implemented to manage social and governance risks and opportunities.

Developing an ESG strategy is the most efficient and effective way to adapt to stakeholder demands and integrate sustainability into the organisation. This includes identifying strengths and weaknesses in sustainability matters, defining priorities, setting measurable goals, and measuring progress.

An ESG strategy identifies and is built upon a set of milestones. It begins with describing the main commitments and areas of strategic intervention and proceeds toward their formalisation and implementation. It is important to coordinate across each operational area for an overview of impact and areas of responsibility, and it is essential that sustainability is embedded in leadership at all levels within the organisation.

 

Services

The collective experience of our sustainability teams around the world allows us to support companies, no matter their size or industry sector, through innovative solutions:

  • Analysis of the business model and value chain in the context of the circular economy
  • Benchmark analysis against industry best practice to identify gaps
  • External stakeholder engagement to identify and prioritise ESG demands and issues
  • ESG workshops and employee/management training to support the organisation’s culture from within
  • Development of a sustainability plan, defining the commitments to achieve the organisation’s ESG goals, in accordance with its business strategy
  • Development of a sustainability policy, embedding non-negotiable systems and processes to enable the execution of the sustainability plan within the business
  • Development of an ESG roadmap, to outline the interventions required, defined as priorities in the short and medium term to achieve a specific goal, with an indication of the effort needed
  • Design/efficiency of sustainability governance and control mechanisms
  • Update/development of a Code of Ethics
  • Development of a supplier code of conduct (to mitigate supply chain risks)

To speak to a BDO expert: