ESG focuses on the company’s need to adapt to changing regulations and expectations from stakeholders. By proactively addressing ESG risks, companies can seize the opportunity and assert themselves as the leader among their competition in times of rapid change.
From physical changes in the environment which may affect your business operations, to alternating social trends that can radically change the way business operate, developing resilience today is critical to your success tomorrow.
We are here to support you at each step of your sustainability journey, by:
- Helping you understand key ESG trends affecting your business
- Diagnosing where you are today, the risks you face and the opportunities waiting to be unlocked
- Identifying key environmental, social and governance topics you need to address and that will form your ESG strategy
- Building your ESG strategy and plan for communicating your sustainability efforts
- Transforming your business, building long-term resilience and ensuring competitiveness.
KPMG assist companies to successfully implement ESG into their business core, through dedicated tools and following services:
- ESG Readiness Assessment
- Evaluating where the company is on its ESG journey, assessment of internal capabilities and current ESG practices and identification of opportunities for improvement
- Evaluating where the company is on its ESG journey, assessment of internal capabilities and current ESG practices and identification of opportunities for improvement
- Double materiality assessment
- Performing thorough assessment of ESG risks, opportunities and impacts relevant to your business activities
- Assessing the financial and impact materiality for identified ESG topics
- Stakeholder mapping and engagement
- Defining the thresholds and prioritization of ESG topics based on assessed importance for company and its stakeholders, providing you with the list of material topics.
- ESG Strategy design and implementation
- Definition of ESG KPIs and targets, based on material ESG topics identified
- Development of an implementation strategy, with a focus on business-wide roadmap, including the timeline of ESG initiatives, and metrics for their success
- Setting up data collection mechanism in order to ensure that relevant data is collected and monitored
- Communication of your ESG story.
