Consulting services and advice to help you manage Environmental, Social and Governance (ESG) considerations, risks and opportunities.
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In today's rapidly evolving landscape, it's becoming increasingly clear that having an Environmental, Social, and Governance (ESG) strategy is no longer a ‘nice-to-have’. ESG factors have a significant influence on the opinions of stakeholders, customers, and employees. And for businesses of all sizes, failing to prioritise ESG initiatives equates to a competitive disadvantage.
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However, the path to convincing the CEO, board of directors, or other key influencers to invest in an ESG strategy is not always plain sailing. A lack of familiarity with key metrics or terminology, and critically, how ESG can be linked to financial performance are common challenges faced.
To build buy-in across your company you need to shape a strong business case for ESG. But how? Here, we explore how to build an ESG business case that is unique to your company’s specific operating environment and resonates with their leadership.
ESG strategies are not one-size-fits-all. Every company holds a unique goal and set of values that must inform their ESG approach. As Chief Sustainability Officer or Head of ESG, you need to understand how ESG aligns with your company's mission. As a starting point:
Benchmarking against peers and competitors can help you build a stronger business case for ESG. Research how other companies in your industry are approaching ESG and determine how your company stacks up against the competition.
You may find that ESG has become an industry standard, and your company needs to play catch up to stay competitive. Or maybe competition is not yet moving on ESG, and you can present to leadership the opportunity of becoming an industry leader.
No two businesses are the same, and your ESG strategy must be based on the unique set of resources and competencies available to you, as well as the opportunities and constraints these present. However, benchmarking can give you visibility of the context in which you’re operating.
At RPS, we understand that building an ESG business case that wins over the hearts and minds of leadership can be a complex and challenging process.
Working in partnership, we will help you to build a compelling business case for ESG integration, helping you to identify the risks and opportunities facing your business and to demonstrate the financial benefits of a strong ESG strategy.
From strategy to delivery, through to measurement and stakeholder engagement, we create value for our clients by transforming sustainability factors into deliverable and measurable ESG initiatives. We’re proud to have been named as Value Creation Advisory Firm of the Year: ESG in Actum Group's 2023 Private Equity Value Creation Awards.
Whether you’re just getting started, have an internal team in place, or none of the above - we can integrate, work alongside you, and go at your pace. For a chat with one of our team, get in touch below.
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