To progress towards sustainable operations, a business has to establish a clear strategy, with goals in the topics of major importance for all its stakeholders, be it shareholders, employees, partners, clients or society.
We support corporate businesses in setting up the structure for its sustainability strategy, and help to establish a framework for the strategy implementation, in accordance with the ISO 26000:2010 guidance. Such strategy helps to translate principles of sustainable business conduct into effective actions, contributing to achieve the UN Sustainable Development Goals. Our experts have multiple years of experience in working with large companies on setting up strategies and sustainability management systems, from the start or optimizing existing management system and strategies.
Transparency in communicating on responsibility towards environment and stakeholders in business operations is now not only a wish of stakeholders, but in many countries is a legal requirement. Publicly listed and large businesses in the European Union are obliged to report, following the adoption of the EU Directive on the Non-Financial Reporting (NFRD 2014/95/eu) at national level. The New Corporate Sustainability Directive (CSRD) from April 2021 further strengthens reporting rules, extending it to 50,000 companies in the European Union. Other national and sectoral initiatives, as well as stock exchanges that are partners of the UN Sustainable Stock Exchange Initiative further impose requirements of reporting for national and listed companies. Thus, more and more investors require a clear understanding of how the business operation impacts climate, and refer to the guidance by the Task Force on Climate-Related Financial Disclosures (TCFD) to provide such information transparently.
We assist companies in the entire cycle of their sustainability reporting - starting from stakeholder consultation, through collection and analysis of information and data, preparation of communication in accordance with the most widespread reporting standards, such as Global Reporting Initiative (GRI) Standards used by over 5,000 organizations, as well as support during eventual external non-financial audit. Our experts have developed multiple, award winning sustainability reports for some of the world’s largest companies.
At the same time, business rating agencies have introduced sustainability indexes, or so called Environmental Social Governance – ESG - indexes and ratings, such as Dow Jones Sustainability Index (DJSI), ISS ESG rating, FTSE4Good index series, MSCI Global Sustainability Index, Sustainalytics ESG rating. Over 9,600 companies disclose to the Carbon Disclosure Project (CDP) the impact from their operations on climate change and their strategy to mitigate such impact. 300+ companies rated as leaders in terms of moderating their impact on climate change attract more attention from the side of investors that are risk averse to the investment in businesses causing high negative impact on climate change.
We are knowledgeable on the process of ESG rating assessment and can make sure that your business reports to such rating agencies in a way that could improve the scoring. We also analyze the gaps in sustainability communication and sustainability strategy, and consult on the points to improve if your company would like to increase its rating. Success stories of our experts include bringing companies into sustainability indexes and improving their ratings for large publicly listed companies