"Our customers are demanding we have an ESG and Sustainability programme".
You may not think it's a priority, but your stakeholders might feel differently.
Your stakeholders may require you to share your efforts in managing the risks related to environmental, social, and governance issues. They want to see what you are doing as a key supplier because this information will be essential for their ESG and Sustainability reporting.
You need to kick off ESG and Sustainability across the business, but are not sure where to start.
Your main customer has been a client for many years in Asia, Europe, and Brazil. They have been manufacturing using your raw materials for a long time, and now they have asked you, as part of your contract renewal, to provide details on your ESG and Sustainability efforts. You don’t have much to offer and are worried that you may lose your key customer unless you can provide comprehensive answers.
Results
By using Speeki Launch™ you now have a system for ESG and Sustainability documented across your business.
You can now provide your key customers with an overview of your ESG and Sustainability efforts and build improved relationships.
The Speeki Launch™ process has helped you define your programme, assign responsibilities and set targets to make ESG and Sustainability a competitive advantage.
Situation or challenge
Our client operates a large global business that provides material to manufacturing plants. When approaching contract renewals, they were asked by a large customer to provide data on their ESG and Sustainability initiatives. The company had very little to show with rudimentary data and risked losing a new contract.
Applying Speeki Launch™
Our solution with Speeki Launch™ leveraged the Engage™ framework to kickstart an ESG and Sustainability initiative.
The elements of Speeki Launch™ included several key components of the Engage™ framework. By defining ESG and Sustainability, setting up people, roles, scope, and definitions, and working towards a materiality assessment (offered by Speeki as Speeki Focus™), the company was able to develop a comprehensive picture of their ESG and Sustainability initiatives. Some key areas had existing initiatives that needed to be consolidated, rebranded, and repackaged as part of the ESG and Sustainability efforts.
Results
The implementation of Speeki Launch™ helped the company build a picture of their ESG and Sustainability efforts. While it may not have been a complete programme, it was sufficient to demonstrate to their key customer stakeholders that they were on the path toward ESG and Sustainable practices. Their definition of ESG and Sustainability, commitment to setting goals and objectives, and application of resources contributed to a well-drafted engagement with their stakeholders.
