ESG Advisory

A materiality assessment is a strategic process used by organisations to identify and prioritise the ESG risk and opportunities that are most significant to their business and stakeholders. This assessment helps companies determine which environmental, social, and governance factors have the greatest potential impact on their financial performance, reputation, and long-term sustainability.

By engaging with stakeholders, and analysing both internal and external data, companies can focus their resources on the ESG issues that matter most. The outcomes of an ESG materiality assessment guide corporate strategy, reporting, and decision-making, ensuring that efforts are aligned with stakeholder expectations and contribute to sustainable business practices.

Based on the key priorities identified through a materiality assessment, an ESG strategy will be developed setting clear objectives and initiatives to address the material issues relating to environmental impact, social responsibility, and governance.

The strategy will provide a comprehensive plan that integrates sustainable practices into a company’s core operations and long-term goals. By embedding ESG considerations into decision-making processes, businesses can create value for stakeholders, contribute to a sustainable future, and gain a competitive edge in the market.

Design and develop the governance framework and structures required to meet the requirements of the ESG strategy and compliance reporting frameworks by establishing clear policies, procedures, and accountability mechanisms that align with industry standards and regulatory expectations.

This includes defining roles and responsibilities across the organisation, creating dedicated ESG committees or task forces, and implementing robust monitoring and reporting systems to track progress against ESG goals.

Define and develop key performance indicators (KPIs) based upon the ESG strategy objectives and relevant reporting framework to demonstrate ESG performance.

Collate and analyse data to monitor, measure and report on KPIs to provide stakeholders with clear insights into a company’s ESG performance, drive continuous improvement and support strategic decision – making.

A readiness gap assessment for upcoming mandatory climate-related disclosure reporting requirements involves thoroughly evaluating an organisation’s current capabilities and practices in relation to the impending regulatory standards for climate-related disclosures.

This assessment identifies specific areas needing improvement, enabling an organisation to develop and implement an action plan to enhance its climate-related disclosures. By doing so, the organisation can ensure compliance with mandatory requirements, reduce regulatory risk, and build trust with stakeholders.