ESG Strategy

A changing regulatory environment compounded by heightened expectations from stakeholder groups from investors to employees to customers has made ESG, a business imperative that cannot be ignored. In addition, a successful ESG strategy has numerous benefits to overall business operations.

Not only in Pakistan but globally, ESG is a priority on every Boardroom agenda in the past 3 years and being the most discussed topic in 2022. This provides an open door to initiate ESG discussion and the Board level very much-needed awareness and immersion sessions.

Amid rapid developments in the environmental, social, and governance (ESG) space and rising stakeholder demand for improved sustainability performance, it is essential for business leaders to adopt a proactive approach to holistically integrate ESG into their business. This effort should encompass corporate governance, risk management, strategies, reporting, and more.

Integrating ESG concerns into business strategies will allow organizations to capture the trends on this front-end as well as help you stay alert to ESG risks in both operations and your value chain.

We can support you in developing an ESG strategy that supports your business growth objectives, while balancing your business’ needs with those of the environment, external stakeholders (e.g. investors) and society. A successful ESG program is one that is aligned to business strategy, reflective of stakeholder interests, and adaptable and resilient to future conditions. Our ESG Strategy journey will circulate around the following:

Leadership & Oversight: Establish top-down oversight structure of ESG initiatives, with regular reporting and internal updates on progress and strategy.

Understand the ESG landscape: We help you understand ESG trends and drivers that could impact your business, and how your business compares with direct peers and best in class ESG companies. This helps you to decide where to focus your efforts.

Assess your ESG maturity and ambition: Our ESG Strategy Maturity Assessment tools will assess where you are on your ESG journey, and your strengths and potential areas for improvement. We can also benchmark your ESG maturity against industry frameworks and good market practices.

Conduct materiality assessments: We can identify ESG risks and opportunities that are material to your business, or a bespoke assessment customized to your budget. Options include depth of internal engagement and incorporating your external stakeholder views, such as customers, suppliers, lenders and shareholders to Identify the material or priority ESG topics for the business, integrate and align priority topics into business strategy and Build buy-in across the organization through a bespoke Stakeholder Engagement and Materiality Assessment (SEMA) for your organization. 

Define Future ESG Roadmap: Understand your ESG Philosophy, Vision and help clients develop an ESG Roadmap in line with the future oriented ESG initiative/targets, integrate it with existing projects to embed and further augment the ESG program into the business model.

Develop strategic options: We help you develop a sustainable value strategy that will create long-term value and competitive advantage, outlining strategic options and platforms that could allow you to access key opportunities and mitigate priority risks.

Adopt circular economy practices: We help evaluate your circular economy targets and ambitions against your operating models and performance metrics. We can then help you eliminate waste and reduce costs throughout the product lifecycle and across your supply chain.

Communicate a compelling ESG story: We understand the issues that matter to your stakeholders, and what they expect from you, and we can help you communicate your It has become all the more necessary to establish a cadence of public reporting on priority ESG topics, KPIs and goals, providing transparency on successes, setbacks, and adjustments while leveraging leading reporting standards and frameworks such as the Global Reporting Initiative (GRI), Task-Force on Financial Related Disclosures (TCFD) , IFRS - International Sustainability Standards Board upcoming Sustainability Standards (S1,S2), and more.