Sustainability Strategies
ESG strategy development involves creating a comprehensive plan for a company to integrate sustainability and responsible business practices into its operations, management, and decision-making processes.
A robust ESG strategy can help companies mitigate risks, identify opportunities for sustainable growth, and demonstrate responsible business practices to stakeholders, including investors, customers, and employees. By integrating ESG considerations into their operations, companies can improve their reputation, attract and retain top talent, and build stronger relationships with stakeholders. Furthermore, with growing demand for sustainable products and services, companies that prioritize ESG are better positioned to meet customer expectations and remain competitive in a rapidly changing business landscape. Ultimately, ESG strategy development is not just about doing the right thing but also about creating long-term value and resilience for the company and its stakeholders.
The Process
Conducting a comprehensive analysis of the company’s exposure to ESG risks and opportunities, including identifying environmental impacts, social risks, and governance practices that can affect the company’s long-term performance.
Establishing measurable ESG goals and targets that align with the company’s vision and values, and that can be tracked and reported on over time.
Engaging with stakeholders, including investors, employees, customers, and communities, to understand their expectations and priorities for sustainability and responsible business practices.
Integrating ESG considerations into the company’s overall business strategy, including its vision, mission, values, and objectives.
Developing a clear and actionable roadmap for implementing the ESG strategy, including specific initiatives, timelines, responsibilities, and metrics for success.
Developing a framework for reporting on ESG performance to stakeholders, including investors, regulators, customers, and employees.
Establishing a system for monitoring and evaluating the company’s ESG performance over time, and making adjustments as necessary to ensure continuous improvement and progress towards ESG goals and targets.
Scope of Services
Materiality
Materiality in ESG means identifying which ESG issues are most important to a company’s business success, financial condition, or reputation. This helps companies focus on the most significant ESG risks and opportunities to manage and report on.
Reporting
ESG reporting is the process of disclosing a company’s sustainability and responsible business practices to stakeholders. It helps companies build trust, demonstrate their commitment to sustainability, and gain a competitive advantage by meeting stakeholder expectations and priorities.
Risk Management
ESG risk management involves identifying and managing the risks and opportunities associated with sustainability issues that can impact a company’s operations and reputation. Effective ESG risk management enables companies to enhance their reputation, build trust with stakeholders, and create long-term value.
Ready to embark on your ESG Journey!
Enterprise Grant Available for Singapore Companies
The Enterprise Sustainability Programme (ESP) supports Singapore companies, especially our SMEs, to build capabilities and capture new opportunities. The funding level is up to 70% of total ESG consultancy and training fees.
Useful Resources
How Much is ONE Tonne of CO2?
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What is Carbon Tax? How Does it Affect Your Company?
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What Are the Common Framework for Sustainability Reporting?
What Are the Common Framework for Sustainability Reporting? 5/5 The UN Sustainable Stock Exchange initiative (SSE) maintains a database of ESG disclosure guidance materials.
What Are the ESG Metrics to Measure and Report?
What Are the ESG Metrics to Measure and Report? 5/5 If you go through the full GRI or TFCD reporting metrics, you will likely
What Should be Present in a Sustainability Report?
What Should be Present in a Sustainability Report? 5/5 Congratulation! You have decided to hop onto the ESG journey. You hear so much confusion
Why is ESG Important for Companies and Investors?
Why is ESG Important for Companies and Investors? 5/5 Using the ESG framework can bring significant advantages to both businesses and investors, with ESG