The opportunity for Strategic Materiality
he materiality of financial versus non-financial issues is viewed differently in most companies. Moreover, responsibility for determining the list of material issues from these different perspectives falls to different units within an organization. The net result is a missed opportunity to harmonize the management of these issues, and ultimately optimize how the company creates value. […]
Materiality assessment: A starting point for strategy, performance and reporting
very company confronts economic, social, environmental and governance issues that are relevant to sustainable business management. A systematic materiality assessment helps determine which topics should be considered in business or sustainability strategy development, in performance measurement and in reporting. A clear focus enables impactful sustainability management.What are the advantages of a materiality analysis? A well-structured […]
Reinhart’s sustainability journey: Transforming implicit knowledge into measurable targets
or 232-year-old cotton merchant Paul Reinhart AG, development and communication of its sustainability objectives and efforts is an ongoing journey. In the last year, Reinhart started the extensive work of translating the rich and varied experience of implicit knowledge into measurable targets. Stimulated by increasing requests for sustainability performance and transparency from various global partners, […]
GRI Standards Update: What’s Coming? And What Does It Mean for Reporters?
The recently released updated GRI Universal Standards are meant to ensure better and more consistent sustainability reporting and imply significant changes in sustainability management and reporting practices. The new GRI Standards will be effective for reports published on or after January 1, 2023. Why revise and what are the changes? To meet growing demand from […]
Creating Shared Value Through Strategic Integration
Challenge Integrate ESG and material topics into core business operations and strategy. Client Goal Our client is a large high-tech manufacturing company that specializes in analytical laboratory instruments and software services for scientists. Currently, our client employs over 7,000 people worldwide and operations in over 30 countries including manufacturing facilities and corporate offices. Our client […]
LGT Private Banking publishes its first report in accordance with new GRI Standards 2021
Challenge Preparation of a non-financial report in accordance with the new GRI Standards 2021 and involvement of numerous new internal stakeholders and experts. Goal LGT is an international financial services company based in Vaduz in the Principality of Liechtenstein. The bank committed itself to sustainability in the financial industry at an early stage; long-term and […]
People are as important as technology for reliable ESG data collection
Driven by various regulatory frameworks, companies of all sizes may need to retool their approaches to data collection to meet compliance timelines in the most effective ways possible. The onset of ever more detailed, increasingly complex ESG disclosure expectations has created an explosion in the sheer volume of data that must be collected and compiled […]
