ESG stands for environmental, social, and governance and provides a framework for a more resilient and sustainable way of doing business. Encompassing a range of considerations, ESG serves to identify, measure, report on and improve the impact a business has on the world around it and the communities in which it operates.
Equipped with extensive industry insights and knowledge, we partner with you to develop robust ESG strategies that go beyond compliance to resonate with stakeholders, secure investments, promote sustainable business practices, and deliver long-term value.
Understanding what factors are most important to your company’s ESG strategy –including stakeholder pressures, industry standards, while identifying the material topics of most relevance, ensures your company is focusing on the most integral aspects of your ESG journey.
In order to access capital for new infrastructure projects, developers need to submit social impact studies as part of their permitting applications that We navigate at all levels and comfortably accommodate regulatory environments across a range of geographies and cultures.
Our experience leading sustainable infrastructure projects is built upon developing awareness of ESG challenges at a governance level. Occupying a unique position as both technology integrators and sustainability leaders reveals real-world opportunities to your ESG program.
Equipped with understanding of the ESG landscape, expertise in implementing efficient and sustainable infrastructure, in-house data management tools and carbon tracking platform, we help you cover every angle of the energy transition prepare for a lower-carbon future
In order to access capital for new infrastructure projects, developers need to submit social impact studies as part of their permitting applications that We navigate at all levels and comfortably accommodate regulatory environments across a range of geographies and cultures.
There are a few different types or categories of frameworks that organizations can choose from depending on their needs, goals, and potential requirements. We review assessment, reporting, disclosure, and scoring frameworks.
Frameworks are vital to help you navigate the complex realm of ESG.
There are a few different types or categories of frameworks that organizations can choose from depending on their needs, goals, and potential requirements. We review assessment, reporting, disclosure, and scoring frameworks.
Companies must take time to consider their options before deciding which framework is the best fit. There are a few key steps to take during this process:
Companies who must disclose ESG initiatives should first choose a framework that meets reporting and disclosure standards. These requirements vary by country.
Companies must consider their overarching ESG goals first. The chosen ESG framework should provide standards that align with those goals. ESG goals can be determined by completing an ESG materiality assessment and defining an ESG strategy.
ESG is a complex ever-changing space. Certification process can internally help educate your organization while publicly demonstrating your commitment to ESG policy and continuous improvement.
Most ESG frameworks are designed for all industries. However, some are a better fit for specific business models, locations, or other factors.
The framework organizations choose depends greatly on whom they report to. For example, investors might want to see more in-depth detail about ESG goals and performance than employees.
Frameworks like CDP, SASB, and TCFD focus on ESG factors that influence business financial health. While B Corp, GRI, and UN SDGs focus on how the business can impact ESG.
Many companies use multiple frameworks to optimally aid assessments, strategy, and reporting. (See ESG reporting examples for samples of different ESG framework combinations.)
Design your ESG Framework.
Social Inclusivity Studies & Impact Assessments.
Reduce Emissions & Map Your Energy Transition Pathway.
Assessment frameworks are used most often to evaluate materiality or risk up front as part of ESG strategy. Some ESG consulting firms have even developed their own assessment frameworks.
Reporting frameworks (also sometimes referred to as voluntary or guiding frameworks) are used to guide organizations in ESG strategy and reporting efforts by outlining standards or benchmarks to consider.
Disclosure frameworks (also referred to as governance or regulatory frameworks) are reporting frameworks that additionally guide business compliance with ESG regulations and requirements. .
Scoring frameworks assist ESG benchmarking through measurable ratings. Many of the frameworks included in this category provide scorecards or ratings after an ESG assessment or survey is completed.
Some ESG frameworks combine the types mentioned above. For example, GRI and TCFD are both reporting and disclosure frameworks. CDP is an assessment, reporting, disclosure, and scoring framework. B Impact and S&P Global are both assessment and scoring frameworks.
