6 Steps to ESG and Sustainability Success
Fill in the form to get started with sustainability reporting
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What's in the Guide?
Environmental, Social & Governance (ESG) and Sustainability Reporting can be challenging for companies and finding ways to navigate uncertain territory and determine a pathway toward goals is often the first hurdle. SustainIQ have developed this pack alongside sustainability consultants, creating an easy to follow 6 step guide to getting started with sustainability reporting. Within your guide, you'll learn about:
- Understanding business drivers and external factors
- Setting a purpose-driven strategy
- Identifying and prioritising material topics
- Setting baselines and goals
- Implementing strategic pillars and action planning
- Aligning your strategy with the UN Sustainable Development Goals
- Measuring and monitoring performance
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Why invest in sustainability?
Sustainability and commercial performance are now intrinsically linked - fact. Businesses that invest in sustainability yield higher returns when it comes to their bottom line, as well as finding it easier to attract and retain the best talent, improving competitiveness and providing an edge in the market. With 80% of companies globally now reporting on sustainability, and 73% of consumers willing to pay more for sustainable goods, it's time to get on board.
By investing in sustainability software, you can expect:
- Reduction in business costs as a result of greater resource efficiency
- Stronger, purpose-driven culture that attracts motivated talent
- Higher demand and sales of goods or services you offer
- Easier to win public sector works and bids with higher sustainability scores
- Risk mitigation by having accurate data to support green credentials
What happens if we do nothing?
The impetus for ESG and sustainability reporting is rapidly gaining momentum. Since COP-26, countries globally are committing to net zero, with legislation being introduced across the globe requiring businesses to comply. In the UK, companies must be net zero by 2050. Governments, however, are asking for more, with public sector now requiring organisations to report and deliver on social value commitments.
For organisations that do nothing, you may:
- Start losing more bids and tenders, directly impacting your bottom line
- Face fines in the future as carbon tax is introduced, requiring organisations to pay for their carbon outputs
- Risk of non-compliance with legislation such as Streamlined Energy Carbon Reporting (SECR)
- Damage your brand, which can be financially material impacting intangible asset valuation
- Be unable to access finance from banks or investors who increasingly are requiring ESG credentials
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6 Steps to ESG and Sustainability Success
Fill in the form to get started with sustainability reporting