No Content Set
Exception:
Website.Models.ViewModels.Components.General.Banners.BannerComponentVm

Services

Technical services and consulting solutions for clients in the property, energy, transport, water, resources, defence and government sectors.

Advisory and management consulting

Advisory and management consulting services for businesses and projects, including economics, due diligence, transaction advisory, ESG and more.

Communications, creative and digital

Communications, creative and digital solutions for governments and businesses including community engagement, design, research, data and software development.

Laboratories

Scientific analysis services for AgroScience, food safety, workplace exposure, environmental metrics and contaminants of concern in Europe and the UK.

Planning and approvals

Development strategy, planning and approval solutions for buildings, infrastructure, transport and city projects and investments.

Project and program management

Project management solutions for the most complex building, infrastructure, organisational change, and systems projects.

Training

Specialist training services, programs and accreditation for health, safety and risk, project management, and energy sector capability development.

Sectors

World-leading technical and consulting solutions for clients in the property, energy, transport, resources, water, defence and government sectors.

Property

Design, technical and advisory services for the property sector, including residential, commercial, retail, industrial, health, education and data centre projects.

Energy

Energy exploration, development and optimisation solutions for renewables, power and gas networks, energy storage, oil and gas and nuclear facilties.

Transport

Smart, safe and sustainable transport infrastructure development services and advice for rail, aviation, port and road clients and projects.

Defence and government services

Expertise for defence capability and infrastructure investments, security and safety projects, and information and telecommunications initatives.

Water

Discover our industry-leading strategy, design and management solutions for wastewater, groundwater, flooding, drainage and network infrastructure.

Resources

Commercial data, design advice and technical management solutions for safe and environmentally responsible resource exploration and operations.

About us

Responsibility

Services

Technical services and consulting solutions for clients in the property, energy, transport, water, resources, defence and government sectors.

explore Services
Advisory and management consulting

Advisory and management consulting services for businesses and projects, including economics, due diligence, transaction advisory, ESG and more.

Due diligence

Economics

Strategy and transformation

Commercial and technical advisory

Transaction advisory

Project investment and finance

ESG consulting

Deal advisory

Explore Advisory and management consulting
Communications, creative and digital

Communications, creative and digital solutions for governments and businesses including community engagement, design, research, data and software development.

Communications and engagement

Creative, visualisation and immersive design

Social advisory and research

Data management, analytics and insights

Spatial intelligence and GIS

Software development

Explore Communications, creative and digital
Design and development

Technical and consulting services for buildings, infrastructure and cities including architecture, engineering, surveying, landscape architecture and urban design.

Architecture

Lifts and escalators

Building services engineering

Civil engineering

Fire engineering

Geotechnical engineering

Landscape architecture

Structural engineering

Surveying

Utility options and design

Urban design

Explore Design and development
Laboratories

Scientific analysis services for AgroScience, food safety, workplace exposure, environmental metrics and contaminants of concern in Europe and the UK.

AgroScience analysis

Food safety analysis

PFAS Analysis

Environmental analysis

Analysis of unknowns

Workplace exposure analysis

Explore Laboratories
Planning and approvals

Development strategy, planning and approval solutions for buildings, infrastructure, transport and city projects and investments.

Planning consultancy

Transport planning

Explore Planning and approvals
Project and program management

Project management solutions for the most complex building, infrastructure, organisational change, and systems projects.

Program management

Project management

Cost management / quantity surveying

Building consultancy

Explore Project and program management
Training

Specialist training services, programs and accreditation for health, safety and risk, project management, and energy sector capability development.

Health, safety and risk

Training: project management

Capability development and training for the energy sector

Explore Training

Sectors

World-leading technical and consulting solutions for clients in the property, energy, transport, resources, water, defence and government sectors.

explore Sectors
Property

Design, technical and advisory services for the property sector, including residential, commercial, retail, industrial, health, education and data centre projects.

Residential

Commercial and retail

Leisure and tourism

Industrial

Health and healthcare

Education

Data centres

Explore Property
Energy

Energy exploration, development and optimisation solutions for renewables, power and gas networks, energy storage, oil and gas and nuclear facilties.

Oil and gas

Renewables

Nuclear facilities

Power and gas networks

Storage

Explore Energy
Transport

Smart, safe and sustainable transport infrastructure development services and advice for rail, aviation, port and road clients and projects.

Rail

Aviation

Ports

Roads

Explore Transport
Defence and government services

Expertise for defence capability and infrastructure investments, security and safety projects, and information and telecommunications initatives.

Defence

Security and safety

Information and telecommunications

Explore Defence and government services
Water

Discover our industry-leading strategy, design and management solutions for wastewater, groundwater, flooding, drainage and network infrastructure.

Water management

Wastewater

Flooding and drainage

Groundwater

UK and Ireland regulated water asset management

Explore Water
Resources

Commercial data, design advice and technical management solutions for safe and environmentally responsible resource exploration and operations.

Mining

Waste

Explore Resources

Projects

We define, design and manage projects that create shared value to a complex, urbanising and resource-scarce world.

explore Projects

Brilliant minds finding solutions to complex problems, made easy to understand. Making complex easy.

Brilliant minds finding solutions to complex problems, made easy to understand. Making complex easy.

explore Insights

Progress Toward ESG Framework and Disclosure Collaboration

Navigating the disparate frameworks designed to promote integration of environmental, social, and governance (ESG) factors into corporate strategy and disclosure has caused challenges for corporations and investors.

01 October 2020 | 3 min read
ON THIS PAGE

ESG Framework Development

ESG frameworks developed mostly independently of each other throughout the last two decades, resulting in variations in the breadth and depth of the ESG metrics included in the frameworks. Corporate sustainability reports in 2020 often include data tables1,2,3 mapping ESG metrics to multiple sustainability frameworks. This task is no doubt time-consuming for companies and often confusing for investors. 

Collaborative efforts between the frameworks have risen in the past few years4,5. In July, the Global Reporting Initiative (GRI) and the Sustainable Accounting Standards Board (SASB) announced a partnership6 that will “focus on delivering communication materials to help stakeholders better understand how the standards may be used concurrently.” In the same spirit of collaboration, GRI, SASB, CDP, the Climate Disclosure Standards Board (CDSB), and the International Integrated Reporting Council (IIRC) announced a “Statement of Intent to Work Together Towards Comprehensive Corporate Reporting” this month7. 

While we wait for the consolidation and outcomes of collaboration between the ESG frameworks, this past week, the World Economic Forum (WEF), in consultation with over 200 corporations and investors, released a white paper, “Measuring Stakeholder Capitalism Towards Common Metrics and Consistent Reporting of Sustainable Value Creation. Stakeholder capitalism, the idea that the private sector has the capability to “generate long-term value for shareholders, for all members of society and for the planet we share”, was first posed in the original Davos Manifesto of 1973 and restated in the Davos Manifesto in 20208. Earlier this month, the New York Times commemorated Milton Friedman’s 1970 essay on free market capitalism with business leader responses and commentary, several of which advocate for stakeholder capitalism and stakeholder governance. Interestingly, none of the responses refer (at least directly) to the role of ESG disclosure in stakeholder capitalism9. WEF’s work was motivated by 88% of WEF International Business Council (IBC) members agreeing that reporting on a set of universal, industryagnostic ESG metrics and disclosures would be useful for their company”.   

ESG Metrics

While the materiality of specific ESG topics varies depending on the industry,10 the paper details 21 core and 34 detailed ESG metrics, plucked from existing sustainability frameworks, which can be used by companies in disclosing material ESG information to investors in a “consistent and comparable” way, across all industries. Metrics are segmented into four pillars of (1) governance, (2) planet, (3) people, and (4) prosperity. The rationale behind each metric and helpful commentary related to each core and expanded metric, as well as mapping to CDP, GRI, and SASB are included the publication as wellThe final version additionally includes updates to metrics related to (1) climate risks and (2) the importance of diversity and inclusion, reflecting increasing stakeholder concerns in these topics in 2020 

In a preface to the report, Brian Moynihan (Chairman and CEO of WEF) and Klaus Schwab (Founder and Executive Chairman of WEF) note that they “are heartened by the emerging consensus among IBC members toward their own adoption of these metrics and the commitment the group has made to realizing the ideals of stakeholder capitalism while also encouraging “the wider corporate community to join us in this collective endeavour”. Companies starting to identify which ESG metrics to track and disclose can no doubt use this white paper as a handy guide to satisfy general stakeholder expectations. That said, companies may need to customize ESG metrics to reflect high priority topics to stakeholders, as well as update ESG metrics over time to reflect changing stakeholder priorities. 

Let's continue the discussion

If you have questions about this topic and would like to speak with us, please contact the ESG team through the Get in Touch email links.

 

References

1https://corporate.walmart.com/esgreport/esg-data#united-nations-sustainable-development-goals
2https://www.gapincsustainability.com/gri-table
3https://www08.wellsfargomedia.com/assets/pdf/about/corporate-responsibility/gri-index.pdfs
4https://www.cdsb.net/sites/default/files/sasb_cdsb-tcfd-convergingonclimaterisk-091317-web.pdf
5https://corporatereportingdialogue.com/wp-content/uploads/2019/12/The-Sustainable-Development-Goals-and-the-future-of-corporate-reporting.pdf
6https://www.sasb.org/blog/gri-and-sasb-announce-collaboration-sustainability-reporting
7https://29kjwb3armds2g3gi4lq2sx1-wpengine.netdna-ssl.com/wp-content/uploads/Statement-of-Intent-to-Work-Together-Towards-Comprehensive-Corporate-Reporting.pdf
8https://www.weforum.org/press/2020/01/stakeholder-capitalism-a-manifesto-for-a-cohesive-and-sustainable-world/
9https://www.nytimes.com/2020/09/11/business/dealbook/milton-friedman-doctrine-social-responsibility-of-business.html
10https://corpgov.law.harvard.edu/2018/05/10/materiality-matters-targeting-the-esg-issues-that-impact-performance/

No Content Set
Exception:
Website.Models.ViewModels.Blocks.PageBlocks.CardBlocks.KeyContactsCardBlockVm