ESG Strategy - How to start

Written by Andrea Orsag, Sustainability Strategy Expert

ESG STRATEGY – CREATION

  1. WHERE WE ARE - Start by defining baseline
  2. WHERE WE NEED TO GO – Identify requirements (regulatory and Industrial)
  3. WHERE ARE WE GOING – Define ambition

1. WHERE WE ARE

  • Start with looking at the current Strategy and ESG factors it includes
  • Identify what departments are dealing with environmental, social and governance factors and in what way
  • Identify the contact point people who have the best overview within the function
  • Identify what policies, frameworks and guidance documents linked to environmental, social and governance factors are already in place, what is in progress and in planning
  • Identify what committees and initiatives are already in place (e.g. compliance, DE&I, sustainability, SBTs, LGBTQI+, Health & Safety)
  • Identify what KPIs are in place at the moment and how often are they tracked – what is already being measured (e.g. CO2, Water, Energy, Sick days, D&EI, Remuneration) what is regularly reported and to whom (e.g. overall strategy, sustainability report, CDP, EcoVadis, GRI, Sustainalytics, requests from customers and investors)
  • Identify whether ESG assessment of customers and suppliers is already in place 
  • Create an overview of what is currently done within the E, S and G pillars
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