The demand of sustainability data from external stakeholders is increasing.
We help you get ready for such new expectations.
Customers requirement of sustainability information is crucial for the future business success and it is imperative for all parties involved in the value chain to provision for sustainability related material information. Most customers are including supplier assessment or tender evaluations for preferred partnerships who will eventually be part of Scope 3.
Regulators (Government bodies/policy makers) are playing a critical role in enabling sustainability within organizations. New laws and industry regulations are currently introduced to enable business address their material risks and opportunities, consequently internalizing costs for negative impacts on the environment and society.
Banks and investors are mobilizing to meet their needs for comparable and reliable ESG information. They will require sustainability data to assess risk premiums and to access new financial instruments such as green loans, bonds, etc.
You may leverage the funds set aside by the government institutions to help SMEs align with Green Plan 2030. To demonstrate that the subsides have been used to green the operations, basic sustainability data is required in return.
Corporates are carrying out supplier assessments to meet regulatory demands. The judgement of performance is based on provisioning transparent and comparable sustainability data.
Business’ social license to operate would be affected by increased stakeholder expectations. Risks and opportunities related to intangible assets such as branding and reputation have become crucial. This indirectly affects company’s revenues and competitive advantage.
People are becoming aware of the climate crisis and social injustices. This is making them conscious of their actions and associations with sustainable companies. Being a first-mover with a sustainability strategy would help alleviate business risks associated with customer retention or elevate customer acquisition in new markets.
Sustainability is associated with a cost centre, but not having it integrated into the business strategy will affect the TOP LINE. Sustainability is not a nice to have, but it is the new normal for a business to conduct its operations.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.