Investors are no longer prepared to invest in unsustainable businesses. What was once a nice to have, has become a necessity with investors pressing businesses to demonstrate financial sustainability but also good Environmental, Social and Governance (ESG) credentials.
What is considered good ESG performance is ever-evolving as our understanding of the challenges grows, the severity of the risks increases, and the industry’s response develops.
Moreover, what is expected from your business will differ based on your business type, sector and scale of impact.
These challenges are compounded with the increasing number of ESG issues such as net-carbon targets, TCFD, single-use plastics and modern slavery which businesses are expected to respond to
There is the temptation to pick issues on all fronts, but we risk spreading ourselves too thinly. The key to success is to address the issues that are significant to the business and find the levers within your reach to pull.
An ESG materiality review will allow your business to identify the ESG themes you should be addressing, and the type of levers you can pull that are proportionate to the scale of your business and its impact.
Focusing efforts where it matters the most
An ESG materiality review is an evaluation of the environmental, social and governance issues that are relevant to your business. By identifying the most material issues to your business, you can focus your attention and resources where it matters most, build meaningful ESG credentials, whilst meeting demand from investors and stakeholders.
The ESG materiality review will provide you with the right foundation to build an approach or ensure that your existing approach is:
We will quantify your environmental impacts as well as your governance and social risks, engage with relevant internal and external stakeholders and highlight what your peers and businesses in your sector are focused on.
We will help you prioritise your focus areas and support you in building a credible approach to ESG.
It’s about your journey
Starting with a materiality review, our team will support you on your ESG journey and offer recommendations that are reflective of your business and your level of ambition. We adopt a bespoke approach that allows us to tailor our services to your needs.
Find out where you need to focus your attention and resources, speak to our consultants today.
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Let us inspire you
I was impressed with the thoroughness and level of detail that our data set was analysed in. Presenting an extensive data set in an easy to use format was of great value in communicating the outcome of the work internally, and prioritising areas of the supply chain for future action.
Alan Sweeting, Global Health, Safety and Environment Senior Manager, Allen & Overy LLP
Avieco supported us in collating and organising data to develop a robust risk assessment process. They have been easy to work with, responsive to our requirements and pragmatic in their solutions.
Gijs Voskuilen, Head of Corporate Responsibility, Bunzl
Avieco has been the preferred environmental consultant since the beginning of our journey to become a sustainable company. Dentsu Aegis has worked with Avieco’s experts on various areas, such as carbon footprint reporting and assurance support, and recently also advised us how to switch our global network to renewable electricity. The team’s expertise on environmental sustainability is impressive, and the work delivered is always of highest standard.
Lars Holm, Global Senior Manager CSR, Dentsu Aegis Network
Avieco informatively led us through the processes needed to reduce our carbon footprint. With their clear and concise advice we have been able to effectively reduce our energy and waste levels. Avieco made the complex notion of energy efficiency into a manageable and achievable reality
Nigel Pink, Group Engineering Manager, Dominos UK & Ireland Ltd
Avieco delivered exactly the workshop we needed to get our sustainability team and regional leads on the same page when it comes to ‘market-based’ reporting. It’s a challenging area to tackle for a global business – particularly when we operate in a number of markets where there is little or no choice in terms of energy purchasing. Avieco has given us the knowledge and tools to ensure we get our disclosures right – they really exceeded my expectations for what we could achieve in one afternoon!
Dr Julia Rowe, Group Sustainability Advisor, Johnson Matthey
We get that change is not easy. But we must be brave, challenge old ways, set new habits, embrace new thinking.
we get it.