What are the benefits?
By means of a (double) materiality analysis, the focus is placed on the company-specific material themes. This is crucial to create trust among stakeholders such as consumers and investors. By investigating which sustainability aspects add value and limit risks, organizations can better respond to developments, seize opportunities and optimize investments.
It is essential that the chosen sustainability strategy does not stand alone. To be effective, it must be fully integrated into the entire business model. This means that all departments, from procurement and operations to HR, finance and marketing, translate the strategic sustainability goals into their own processes, decision-making and KPIs. Only when sustainability is embedded throughout the organization can a company act consistently, achieve impact and remain credible towards its stakeholders.
Our approach
At Forvis Mazars, we have the expertise to help you dot the i's and cross the t's and develop an ESG strategy tailored to your organisation, while complying with increased regulation.
We support you in understanding the complexities of strategically integrating ESG into your organization. Our approach includes the following components.
- Double Materiality Assessment: We help you determine which themes are relevant to your organization, both from a financial perspective (impact on your business results) and from an impact perspective (your impact on people and the environment).
- Stakeholder analysis: We map out the expectations, concerns and priorities of your key stakeholders. This helps you to create support and to make strategic choices that are widely supported.
- Risk and opportunity analysis: ESG not only brings risks, but also new opportunities. We identify both and translate them into concrete implications for your business operations, governance and future plans.
- Gap analysis and roadmap development: We analyse where your organization stands today and what steps are needed to meet regulations, market expectations and your own ambitions. This results in a clear roadmap with priorities, timelines and responsibilities.
- Strategy development and implementation: Based on the insights from the previous steps, we support you in formulating a robust ESG strategy that suits your organization. We help you translate this strategy into policies, processes, KPIs and reporting requirements.
- Monitoring, reporting and continuous improvement: We guide you through the process of establishing an effective monitoring and reporting system, including preparation for CSRD requirements.