Uplift your ESG and sustainability efforts with expert advice and counsel.
External guidance and counsel is like a gift. It keeps on giving.
Every company should have a process where it annually uplifts its ESG and sustainability programmes with some external guidance and review. The added value from an external guide also helps to harness the internal skills of those managing the programmes more effectively.
Learn more about uplifting your programmes by reading some of our client stories.
Materiality assessments done quickly and without the right people involved lead to inaction and confusion.
Most companies conduct a materiality assessment. Sometimes, this is seen as the end of the initiative, not the start.
Reviewing the methodology of the materiality assessment is important. The materiality assessment drives the future development of initiatives and programmes.
Results
A revised materiality assessment that triggers specific actions in programme development.
A material assessment system that defines an annual review cycle and a structure for renewal.
Key increase in understanding of ESG and sustainability risks by broadening the attendees.
Situation or challenge
Our client had completed a materiality assessment lead by the compliance and legal departments. Once completed, the assessment was distributed around the business to mixed reviews. They wanted to revisit the process, the attendees and the structure of the materiality assessment. They also wanted to broaden the pool of experts, bring in some outsiders and reconsider additional risks.
Solution
Our solution was apply our Speeki Uplift™ system to look for opportunities to review and improve the materiality assessment process. While it was not to reconduct the process itself, but rather to focus on suggesting areas to improve and uplift the quality of the assessment.
Results
The results showed clearly that the company had a lot to do to get ESG risks into their existing materiality assessment process.
The major issue was a lack of definition and understanding on the ESG risk areas and an under appreciation for the impact of ESG risk failures on the business.
The aim of making the materiality assessment system more robust, more relevant, more understood and more efficient was achieved.
