Strategy
Your ESG strategy should reflect your way of doing business, align with your corporate ambitions, and be easy to communicate to key stakeholders. Without an effective strategy, it is likely that you will be managing your business ineffectively and falling short of your stakeholders’ expectations.
In producing an ESG strategy for your business, our team of experts will assess where your business currently is and where it wants to be with regard to current engagement and processes. Through stakeholder engagement, peer group reviews, and analysis of your business's operations we will deliver an ambitious but achievable strategy that differentiates you in the market, future-proofs against impending legislation, and sets measurable targets against key performance indicators.
We help clients consider physical and transactional risks and opportunities within our comprehensive strategic approach.
We offer the following services:
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We work closely with your organisation to develop ESG & sustainability roadmaps tailored to your company's priorities, stakeholder requirements, and needs. Our team of experts will conduct a thorough review of your company's current ESG initiatives, analyse competitors and review stakeholder views to evaluate how your company fares compared to industry benchmarks. Our insights and organisational ambitions will inform your company's ESG and sustainability roadmaps, providing feasible timeframes and improvement initiatives.
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In producing an ESG Policy for your business, our team of experts will review or support with the creation of an ambitious yet achievable strategy that differentiates you in the market, future-proofs against impending legislation, and sets measurable targets against key performance indicators. This will feed into your policy, which will cover all relevant ESG or Sustainability areas, serving as a basis for making decisions moving forward.
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We provide guidance and support in creating strong governance structures that enable oversight of performance and progress towards meeting environmental and social goals at the board level. A robust governance structure can influence how the organisation is perceived by stakeholders in an increasingly ESG-conscious world.
Orbis Advisory has a wealth of experience in creating or improving robust and sustainable governance structures that align with risk, assurance, legal, and compliance structures within the business.
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Orbis Advisory is dedicated to helping organisations in their net zero journey by implementing effective improvement measures and setting ambitious targets, such as Science Based Targets (SBTs). Beyond Scope 1 and 2 emissions, our team of experts will assess and strategise targeted improvements, working closely with your organisation to establish SBTs aligned with industry standards. Our tailored guidance ensures a credible and impactful contribution to the net zero transition of your company.
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Double materiality combines the concepts of financial materiality and impact materiality to capture how businesses are impacted by ESG issues and how their own activities, in turn, affect people and the environment. Double materiality assessments are a core part of complying with the Corporate Sustainability Reporting Directive (CSRD) and Global Reporting Initiative (GRI), and they are key for identifying top priorities for a business and its stakeholders.
Orbis Advisory can conduct a double materiality assessment for your company. We'll engage stakeholders and carry out questionnaires, interviews and focus groups to help your organisation get the most out of this process.
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Orbis Advisory provides benchmarking services, allowing your organisation's performance to be measured against your peer group, industry best practices, and stakeholder expectations. This enables well-informed strategic decision-making around areas of ESG to focus on and provides the opportunity for your organisation to pursue something different or innovative in the market.
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A company's ESG commitments are most meaningful when their goals are met, and achieving those goals requires measurable and verifiable Key Performance Indicators (KPIs) that allow for robust progress tracking.
Orbis Advisory works with your company to develop qualitative and quantitative ESG targets for all time horizons. Usually, we recommned that these KPIs are aligned with the UN Sustainable Development Goals (SDGs), ESG priorities and company objectives.
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The United Nations Sustainable Development Goals (UN SDGs) are a set of 17 interconnected global goals designed to address urgent environmental, social, and economic challenges by 2030. Ranging from poverty alleviation to climate action, the SDGs provide a universal roadmap for countries, businesses, and individuals to contribute to a more sustainable and equitable world.
Benefits of Alignment:
1. Enhanced Reputation: Demonstrate your commitment to global sustainability, enhancing your brand image.
2. Access to New Markets: Aligning with the SDGs opens doors to emerging markets and socially conscious consumers.
3. Stakeholder Engagement: Foster stronger relationships with stakeholders by addressing shared global challenges.
4. Risk Mitigation: Proactively manage environmental, social, and governance risks, safeguarding your long-term success.
At Orbis Advisory, we combine expertise with a personalised approach. Our team collaborates with yours to integrate SDGs seamlessly into your business strategy, targets, policies and communications.
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In addition to helping companies decarbonise, Orbis Advisory can guide your company through the process of purchasing and accounting for carbon offsets. We offer bespoke guidance and stay up-to-date with the most innovative carbon offset providers and projects to ensure your company's carbon offsets are credible and aligned with your organisation's brand.
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The Corporate Sustainability Reporting Directive (CSRD) builds on the EU’s Non-Financial Reporting Directive (NFRD). It has stricter reporting guidelines and covers an additional 40,000 companies to ensure consistent and comparable reporting of ESG performance. Even if your company is not required to report under the CSRD, there are many financial and reputational benefits from doing so.
Our team of experts is highly skilled at reporting in accordance with the European Sustainability Reporting Standards (ESRS) and we will work with your company to collect data, conduct a double materiality assessment, and effectively disclose and communicate the results. We also conduct CSRD Due Diligence post-materiality results.
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A company's Scope 3 GHG emissions are often larger than their Scope 1 or 2 emissions, yet they're typically more difficult to reduce.
Orbis Advisory will analyse your supply chain to identify sources of emissions and strategise effective ways to reconfigure your supply chain or engage with suppliers to reduce your company's overall GHG footprint.
For more information on how Orbis Advisory can help your business with its Strategy, please contact us.
