Don’t Get Snowed In This Reporting Season

WBCSD's Reporting Exchange finds explosion in reporting provisions
Don’t Get Snowed In This Reporting Season
Publ. date 18 Dec 2017
In 2017, the WBCSD’s Reporting Exchange initiative identified over 1,750 reporting requirements and resources across 60 countries and 70 sectors, with a steep increase on climate disclosures since 2015. While transparency is necessary, one of the unwelcome consequences is that sustainability departments end up spending too much of their time on reporting at the expense of generating real impact.

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The reporting requirements avalanche calls for more focused and aligned disclosures, and smarter lean reporting solutions. In order to progress towards sustainability leadership, Finch & Beak believes the focus has to be on turning strategy into action. This is why RAPIDO was born: an integrated service platform for lean reporting that leaves time and budget available for doing the real work.

Within RAPIDO, Finch & Beak offers concise services with a short time-to-value that are practical and actionable. It results in a more focused approach towards ESG reporting and benchmarking by:

  1. focusing on the issues that matter most,
  2. by choosing the right benchmarks, and
  3. through efficient ways of reporting.

R: Re-Fresh Materiality Assessment

Finch & Beak’s Re-Fresh Materiality Assessment guarantees an annual update of your materiality matrix within 4 weeks by using big data from Bloomberg, CDP, among others. By using existing big data tools, expensive surveys become dispensable and the required capacity from internal teams is limited. The result is a new materiality matrix including process documentation and an action plan outlining the next steps to accelerate.

A: Agile Benchmark Report

The Agile Benchmark Report is an actionable working document that helps companies understand their current strengths and weaknesses in Dow Jones Sustainability Index performance, and assists topic owners by identifying concrete improvement areas and how to tackle them. It includes three key elements for each chapter in the DJSI questionnaire: trends & developments, rationale & requirements, and concrete improvement areas.

P: Peer Analysis

The Peer analysis is conducted on the basis of top peers that have been selected by the client. The objective is to determine the company’s position in comparison with those peers and determine areas for improvement. The three key elements of the Peer Analysis are strategy assessment, strategic overview of top peers, and a DJSI competitor analysis using Bloomberg data.

IDO: In-house Development Options

Within the RAPIDO service platform, Finch & Beak provides In-house Development Options including consulting, training and workshops. These are fully tailored to the client’s specific needs and internal capacity. Examples include:

  • Team Acceleration Training: Focusing on the implementation of sustainability results from DJSI using ChangePro©, a simulation tool that challenges groups of participants to efficiently and effectively implement a sustainability program.
  • Topical Deep-Dive Workshop: In-depth specialist sessions that drill down on improving short- and long-term performance in specific areas, such as Human Resources or Impact Measurement and Valuation.
  • Interim project management: Full take-over of the assessment process including data collection, preparing answers and alignment with internal stakeholders for sign-off.

Ready to make your reporting more RAPIDO?

If reporting and benchmarking is increasingly restraining your calendar, we can help you create more focus and get more value out of your efforts. Please contact Josée van der Hoek, Director, at josee@finchandbeak.com or +31 6 28 02 18 80 to find out how Finch & Beak can help you make more impact with less effort

About Nikkie Vinke

Multidisciplinary advisor in ESG benchmarking, sustainability strategy development and execution. | nikkie@finchandbeak.com

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