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The link between non-financial performance and long-term organizational health and profitability continues to become clearer. But with many benchmarks around, how can companies use the ESG Machete to cut through the jungle, and how to make sure the presented ESG benchmarking data is actually relevant to your company?
Investors are increasingly looking for frontrunner companies that report transparently on material risks, but also on how these companies leverage opportunities in order to ensure and enhance long-term economic returns. Simple and relevant ESG information that they can trust and understand seems to be the single most effective recipe.
A clear and up-to-date materiality matrix that is translated to business risks and opportunities can be a tremendous help in the process. Focusedapplication of reporting frameworks such as GRI Standards or SASB can certainly help to provide information and KPIs that investors and other stakeholders can use to make organizations’ progress comparable.
Finally, a clear ESG Equity Story could provide an investor-tailored resource that summarizes the most important information for this stakeholder audience.
On the other hand, investor ratings and benchmarks like Dow Jones Sustainability Index and CDP emerged to find answers to specific standardized questions, and identify best-in-class performers. Despite increasing efforts for alignment, for instance through the alignment between TCFD, CDP and DJSI’s Climate Strategy chapter, the scattering of ESG ratings landscape can turn the answering of requests into a full-time job.
It’s worth noting that ratings are still voluntary – there’s no legal requirement to participate in them. But how to determine which are the most relevant rankings in order to make an informed decision about allocating resources and making an effort to participate? The next four elements may help you to choose your battles wisely:
Balancing richness and reach can help to select the most relevant ESG ratings that align with your objectives. Download our cheatsheet and start today to make your reporting calendar for 2022 more focused.
Finch & Beak can help you create more focus and obtain more value out of your ESG benchmarking efforts. Please contact Johana Schlotter, at johana@finchandbeak.com or +31 6 28 02 18 80 to find out how Finch & Beak can help you deliver more impact with less effort.
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Seasoned advisor in ESG benchmarking, sustainability strategy and stakeholder engagement. | nikkie.vinke@slrconsulting.com
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