Sustainability
* Sustainability (ESG) reporting is now a legal requirement for multi-national corporations and large national companies.
By 2030 it will become mandatory for almost all companies conducting business in or with major economies.
- In 1998 we began recommending to clients that they started reporting their environmental footprint. Those making that early start have been reaping the rewards for years, with well-formulated strategies in place and fully understanding their businesses based on facts and hard sustainability data.
- The “double materiality” of ESG reporting have many others panicked by the new and evolving Regulations, unsure what needs to be reported, and how to even measure their environmental impacts and risks.
- The scale, scope and data requirements for ESG reporting cuts across every aspect of Tourism & Hospitality development.
WE MAKE PRACTICAL SENSE OF THE PROCESS.
Responding to ESG impacts, risks and opportunities: The added-value financial model.
* We add a cautionary note here that company Directors and Board-members are facing legal liability in their personal capacities for failing to prepare their companies adequately for climate and environmental risks.
* Litigation has increased +300% per year since 2018, with many thousands of court cases running in the EU, USA and South America, UK, China, Canada and Australia.
Business Vulnerabilities:
Rapidly-changing ESG regulations have forced businesses to move Sustainability from the PR department into the Boardroom, were owners and directors are responsible for company ESG strategy.
Tourist destinations, tourism operators, hotel investors, banks, owners and hospitality operators are particularly vulnerable due to long and diverse Supply-chains.
The greater challenges are that customers have built a strong understanding of sustainability, and their perceptions of a brands’ sustainability drive their choices.
We provide regular updates to our Subscribers on legal and ESG reporting requirements:
• Existing and upcoming legislation and directives;
• Pending litigation cases, and their impact;
• Sustainability strategy, systems, tools and effective certification of data;
• Procurement and supply-chain risks, (Scope 3);
• Greenwashing, offsetting and other legal vulnerabilities.
ESG and Commercial Strategy
From "double materiality" disclosures to Nature-based Financial Disclosures and Asset Valuations based on Carbon footprint, we work within the business to make sense of ESG reporting....
As regulation evolves new directives such as the Corporate Due Diligence Directives on Supply-chain disclosure make reporting complex.
With our experts and associates we listen first and then act to make sense of ESG reporting and the legal frameworks that work to ensure a successful future.Read more
Corporate Sustainability Strategy
Understanding and prioritising the business' greatest risks, and the where the greatest opportunities lie in making a positive environmental contributions, means creating Sustainability Strategies ...which guides successful, future operations.
We can recommend systems, certifications and tools to greatly reduce transitional risk. Read more
ESG Performance MetricsESG Performance Metrics
"Green reporting” is filled with acronyms, (ESRS, CSDDD, to start) and equally filled with complexity and establishing relevant data from stakeholders. It is incumbent on companies to show double materiality ...in their reporting.
With our professional networks and associates we provide insight on what forms a material risk to the business and what solutions exist.Read more
Commitment to Sustainability
Governments have committed to UN-set targets to mitigate Climate and Biodiversity risks, all scientifically proven, but largely ignored until now.
By setting internal and ...external commitments to ESG targets, the company gains new purpose, showing real progress in constructive and meaningful ways, while avoiding costly "Green-washing & Green-hushing" legal and Climate Change risks.Read more
The ESG professional today undeniably faces enormous pressure, being seen as the source of all knowledge across this complex and multi-faceted topic which affects all areas of business.
From sustainable financing to ESG reporting and de-carbonisation strategies and identifying transition risks, the ESG professional is expected to make the right decision.
With the explosion of ESG Certifications and Platforms the ESG professional does have choices and options, but which will work, and which is just a “sales pitch”?
WE PROVIDE YOU WITH THE RIGHT ADVICE.
To most company officers and managers ESG often contains new environmental and ecological concepts. These positions make them liable to ensure due diligence in corporate reporting.
ESG legal and reporting frameworks will change your professional role and how you manage your business. To this end we offer:
• Mentoring sessions to guide diverse professionals into ESG, and how it will impact their companies and industries.
• For professionals and employees seeking to progress their careers, possessing an understanding of how ESG affects your business or industry provides a career and knowledge boost when understanding the opportunities.
• Being recognised for your knowledge of ESG and how it affects your industry will have an immediate career impact.
From where your company is today, to where it needs to be in future, is called
“Transition Risk”: Are you adequately prepared?
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