Companies are facing increasingly rapid economic, environmental, and social change, offering a source of both new risks but also new opportunities. However, many businesses respond to changes on an individual and reactive basis and do not form a long-term strategy for sustainability.

A sustainability management system and strategy enables companies to establish organisational priorities, regularly assess and improve non-financial risk management activities, and prepare relevant reports. This results in reduced costs, increased operational efficiency, and strengthened relations with key stakeholders.

There are several phases when developing a sustainable development strategy:

analysis of the company’s social, environmental, and economic impact
predicting economic, socio-demographic, and environmental trends relevant to company operations
identifying and mapping climate risks and opportunities throughout the supply chain, as well as determining how to mitigate risks, adapt to climate challenges, and realise potential opportunities.

KPMG in Ukraine assists its clients in developing their sustainability management systems, elaborating sustainability strategies, improving stakeholder engagement, and helping to develop local communities.

KPMG’s team of specialists offer the following services:

Evaluating level of the sustainability management system maturity
Developing business processes and corporate documents necessary for the effective functioning of sustainability management systems
Developing KPIs and report submission procedures.