ESG Strategy Development for National Energy Company
To better align the business with investor requirements and to benefit from the opportunities that arise from good ESG governance, RPS was selected to help this national energy producer in Africa achieve their corporate vision and move towards a low carbon economy.
Key details
Project name
ESG Strategy Developmentย
Client
National Energy Companyย
Location
Africa
Services provided:
- Environmental, Social and Governance (ESG) strategy development
- Peer review and benchmarking
- Stakeholder Engagement and materiality analysis
- ESG KPI setting and future goal planning
- ESG Communications and investor alignment
Challenge
Project delivery required the co-ordination of client teams located in Europe, North America and Africa and initially involved desktop peer review, benchmarking and materiality screening. Due to the impact of COVID-19, the full delivery of the project had to be delivered remotely.
The project necessitated close working with the local management teams, the board and the ESG committee / non-executive directors to initiate and plan for a step-change within the business. Delivery to time and on budget we're key markers for success.ย
Solution
Our client required a wholescale re-think on how they approached ESG matters within their business. We helped to challenge the board and management teams to adopt a new way of working, incorporating environmental, social and modified governance considerations into their business model and to help prepare the business for the challenges ahead.
Our bespoke in-house ESG models were employed to methodically and robustly develop the strategy needed to future proof the business and meet the needs of its investor base.
All project outcomes, including awareness building sessions were delivered remotely using telecons, email and video-conferencing, resulting in efficient use of resources, carbon emission savings and reduction in close contact situations during in-country COVID restrictions.
We delivered the programme of work to budget and on-time despite the movement restrictions imposed during the coronavirus pandemic.
