What is ESG?
ESG represents 3 areas of factors promoting sustainable development of companies:
Environmental
- carbon emission reduction
- circular economy and best practice
- energy savings
Social
- customer and employee satisfaction
- human rights
- gender & diversity
Governance
- body structure
- implementation of ISO standards
- efficient compliance programme
What is an ESG strategy or sustainability strategy?
The significance of an ESG strategy consists in prioritising a sustainable entrepreneurship concept within strategic planning by top company executives. Top management seeks balance among the increasing legislation requirements and attractiveness of their brand to their customers while applying principles of ethical entrepreneurship. Project sustainability strategy is increasingly becoming the way to get a head start over competitors.
How PwC can help
Do you want to start using renewable energy resources?
We will find a solution to your energy needs involving your own renewable resources or negotiation of a PPA (Power Purchase Agreement).
Have you committed to your parent company to become greener?
Or would you like to make such commitment of your own initiative? We will create a long-term sustainability strategy which will have real impact on the environment while providing you with competitive edge and taking your business to another level.
Would you like to save money by saving energy?
We will plan buildings reconstruction for you to make them more energy-efficient and suggest an ideal financial solution of this environmental project.
How about optimising your production while becoming greener at the same time?
We will transform your production to make it more efficient, more favourable and greener.
Are you considering the purchase of electric vehicles?
We will assist you in financial modelling of your needs.
Are you interested in finding out how to save water and paper?
Based on our audit, we will suggest the ideal ways to realise environmental projects associated with water and paper. We will propose a solution for digital contract arrangement and online management of documents and corporate processes including virtual general meetings.
Would you like to get these solutions at a good price?
We will guide you through the entire process of financing from EU subsidies, from the selection of a suitable project through to the application submission. We will set up compliance for drawing the funds to avoid the need for you to return the money later.
Mitigating climate change impacts is likely to constitute the greatest challenge the humankind has ever had to face. This is already starting to show in the requirements on the basic operation of our businesses. Sooner or later, a well-set ESG strategy will play an absolutely vital role in the company’s future success.
Jan Brázda
Partner at PwC and Team Leader for Sustainability and ESG Services
In the area of sustainable entrepreneurship, we will assist you with the following:
- Identification of areas to focus on, since there is likely to be the greatest pressure for your company to take action, and awareness raising in which measures to adopt in order to make your business more sustainable.
- Strategy creation based on 17 global Sustainable Development Goals adopted by the UN – SDGs, taking into consideration the internationally recognized non-financial reporting methods, supported by processed industry benchmarks.
- Priority setting from the perspective of sustainability and business opportunities. This helps to ensure better risk management, efficiency increase, revenue potential improvement, and focus on identification of new opportunities.
- Sustainability strategy formulation in the short, medium and long term, risk assessment and suggestion of further steps for areas that will show the greatest difference with respect to the planned strategy focus.
- Realisation of structured surveys – stakeholder dialogue – to ensure that your strategy reflects the requirements and opinions of stakeholders which might change in the course of time.
- Support of the integration of your sustainability vision within the overall corporate strategy.
- Creation of a comprehensive sustainability programme, including realistic goals (KPIs), which will contain the most important initiatives and change proposals.
- Set-up of a system concerning governance, responsibilities, reporting lines, collection of performance indicators and measurable goals to ensure the strategy implementation into specific activities, competence clarification, and timely provision of information.
- Data collection and reporting harmonisation (sustainability reporting) across frequently internationally-represented units by means of selected software solutions.
- Set-up of internal information-sharing environment to promote changes, initiation of new ideas, and cooperation between individual departments.
- Assessment and set-up of relationships with your suppliers to reach the expected level of declared policies within the supply chain while enabling the improvement of cooperation during the design of new products.
- Definition, fulfilment and implementation of commitments within the SBTi, including the Net Zero commitment.
