Strategy Disclosures - Simply Sustainable

Simply Sustainable

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ESG and sustainability strategy

Disclosures

Robust and credible non-financial reporting is increasingly the norm. New mandatory standards for sustainability reporting have been introduced in Europe, the UK and the US. Many companies also choose to adopt voluntary sustainability reporting frameworks to build investor confidence and identify sustainability-related risks and opportunities.

Alignment with best-practice frameworks ensures a consistent and well-established method for reporting on ESG and sustainability issues that investors, clients and other stakeholders recognise and can evaluate.

We help our clients align their ESG and sustainability disclosures to international best-practice standards, such as SASB, GRI and the CDP, and meet regulatory reporting requirements, like the EU Corporate Sustainability Reporting Directive (CSRD) in Europe and the TCFD and SECR in the UK.

Simply Sustainable has decades of experience helping clients comply to the world’s most stringent ESG and sustainability reporting regulations, standards, frameworks and protocols. We help companies navigate the fast-changing reporting landscape, closely monitoring the emergence of new frameworks and regulation.

This is going to become an integral part of business strategy and business procedures. This is just something that has to be built into. It’s not just a nice-to-have. Alain Deckers Head of the European Commission’s Corporate Reporting Unit

Our team has hands-on experience with a wide range of sustainability standards, frameworks and protocols and all EU, UK and US ESG regulations, including the most prominent and important in the market today:

  • Sustainability Accounting Standards Board (SASB):
    The SASB focuses on providing industry-specific sustainability metrics that are material to a company’s financial performance. It aims to deliver information that is relevant to investors.
  • Global Reporting Initiative (GRI):
    The GRI is the most widely used framework for sustainability reporting. It provides a comprehensive set of indicators that cover a broad range of environmental, social and governance issues.
  • CDP (formerly Carbon Disclosure Project):
    The CDP is an international non-profit organisation that helps companies and cities disclose their environmental impact across three primary topics: climate change, water, forests. The platform primarily facilitates transparent reporting and disclosure to drive sustainable practices across industries. With approximately 20,000 organisations disclosing data on climate change, water security and deforestation issues via CDP, 2022 set a new milestone for disclosure – a 38% increase since 2021 – including listed companies worth US$60.8 trillion (half of the global market capitalisation).
  • EU Corporate Sustainability Reporting Directive (CSRD):
    The CSRD came into effect in January 2023 and is the most comprehensive and far-reaching sustainability reporting regulation to date. It makes non-financial reporting compulsory for approximately 50,000 European and non-European companies operating in the EU markets, requiring them to report on a wide range of sustainability topics, from climate change, pollution and biodiversity to gender equality, human rights and risk management.
  • Task Force on Climate-related Financial Disclosures (TCFD):
    The TCFD was created by the Financial Stability Board and provides a set of reporting recommendations that enable companies to identify and manage risks associated with climate change and integrate these into their business strategy.
  • Streamlined Energy and Carbon Reporting (SECR):
    The SECR came into effect in April 2019, coinciding with the end of the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme. SECR applies to around 12,000 UK incorporated companies with its aims to bring the benefit of carbon and energy efficiency measures, with both economic and environmental benefits, to enable companies to cut costs and improve productivity.
  • Energy Savings Opportunity Scheme (ESOS):
    The ESOS is a mandatory energy assessment scheme which was introduced by the UK government in 2014 to ensure large enterprises in the UK are monitoring energy consumption, efficiency and savings. Assessments are required every 4 years with the compliance period ending 5 December 2023 (extended to 5 June 2024).

With our in-depth knowledge of the individual elements of the most prominent sustainability disclosure standards, we can pinpoint where a company has compliance and alignment gaps and how a company can improve its performance against different standards. Typically, this starts with a gap analysis, comparing the existing sustainability strategy, initiatives, policies and data against the requirements of the disclosure standard and identifying alignment gaps. Next, we analyse how these can be closed, identifying quick wins and longer-term priorities. Based on these insights, we develop a pragmatic plan that outlines the steps for improving the company’s performance against the standard, which we subsequently help execute.

To find out how our team of experts can help you with your ESG and sustainability strategy, contact Joaska Mischke or request a call-back.

Joaska Mischke

Joaska Mischke

Head of ESG and Sustainability Strategy

  • +44 (0) 7707 031430

Joaska is a sustainability and transformation specialist with experience in developing and integrating ESG and sustainability strategies.

As our Head of ESG and Sustainability Strategy, Joaska is responsible for leading and developing strategic initiatives for our clients, ensuring that the team continues to embed sustainability into organisations within an ever-evolving business landscape.

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