ESG & Sustainability

Organisations are striving to move beyond an operating model that purely focuses on maximising shareholder value and simultaneously focus on making a positive contribution to society.

As climate change, resource scarcity, environmental degradation, social inequality, safety issues and other risks become more apparent, the financial implications of these non-financial issues are receiving increasing attention from stakeholders. Companies must respond to these expectations while creating shared value in the short, medium and long term. At the same time, new developments in biotechnology, digitalisation, 3D and artificial intelligence and other areas pose potential for growth as well as new threats to be considered by policy makers and businesses.

We help organisations understand and identify the material issues that have the most impact on your business, serving as a foundation to create a business-driven, risk acknowledging and opportunity embracing sustainability strategy.

We provide insights on changing market and stakeholder expectations, help take account of emerging performance and reporting protocols, and consider risks and opportunities that flow from business strategies.

We can help with:

• Strategy development including: True Value mapping, goal and target setting, governance frameworks, stakeholder engagement and benchmarking against best practice.
• Risk assessments including: materiality assessments, risk interconnectedness mapping and issues clustering, stakeholder mapping and engagement and supply chain assessments.
• Identification, prioritisation and development of solutions for issues such as climate change risk, community resilience, ESG screening, natural capital, megaforces, megatrends, environmental impacts and social issues.
• Developing community investment programs, including monitoring and evaluation frameworks to generate shared value.
• Supply chain management of ethical sourcing and labour practice risks

In today’s business world it is necessary for companies to have a high level of transparency in order to assess opportunities on how to create shareholder and stakeholder value. The key instrument for information disclosure and presenting the management’s vision of the company’s outlook and potential is an annual report, as well as non-financial/sustainability reports prepared in accordance with international standards.

Sustainability reports are becoming more and more relevant: occupational health and safety, environmental and industrial safety, socio-economic impact on other companies and regions of operation, HR and supply chain management, and charity and stakeholder engagement are covered in detail in these reports. The predominant guide for such reports is GRI Sustainability reporting standard, as well as reporting according to the United Nations Sustainable Development Goals, NASDAQ ESG reporting guidelines, etc.

Another promising initiative is the integrated annual report, which comprises information on business strategy, the business model, aspects of sustainable development, and the results of a company's activities. Such reports may be prepared in compliance with the International Integrated Reporting Framework elaborated by the International Integrated Reporting Council (IIRC).

We can help with the following steps of the corporate reporting preparation process:

• elaborating and approving a report concept and structure;
• assistance in defining material aspects to report on;
• data collection and analysis;
• elaborating and approving the report;
• editing the report;
• translating the report into English and other languages.

Good-quality corporate reporting helps a company demonstrate to shareholders and potential investors its capabilities, opportunities, and management’s ability to respond successfully to changes in the business environment as well as other challenges.