What is Sustainability Office as a Service (SOaaS)?
For many organisations, a full-time sustainability manager, let alone team, may not be appropriate to meet their environmental, social, and governance (ESG) goals or emerging requirements. As a standalone support service, SOaaS offers a flexible approach to sustainability that best suits an organisation’s evolving needs.
PwC’s SOaaS platform supports companies to embed sustainability considerations and enables you to:
Access market-leading sustainability experts, and fit-for-purpose digital technologies
Draw on a diverse pool of skills from PwC
Identify cost-saving, revenue generating, grants and other incentive schemes
Access PwC proprietary tools, those of partner organisations, and software specific to your organisation and industry
Access PwC’s network of industry bodies, alliance partners and investor networks
Actively build the knowledge base, skills and capacity of your workforce
Gain insights and benchmarking from a growing range of companies using SOaaS
Why is it important?
ESG comes into everything an organisation does. Whether your organisation should be sustainably minded is no longer a question, the challenge is how to get there effectively.
Companies that appropriately address their ESG risks can move beyond value protection and achieve value creation by embedding ESG into core business.
| E | Climate related risks, including energy costs, now impact all areas of a business. SOaaS will help you manage risks through a commercial lens. |
| S | How a company deals with people, whether inside or outside the business, is a material business issue. SOaaS provides you with up –to-date advice on emerging trends, changing regulation. |
| G | How privately-held companies oversee ESG risks and ensure appropriate action is often more directly linked to the bottom line than for publicly listed corporations, contrary to perception. |
How ESG affects privately held businesses?
Capital markets as drivers of ESG
Capital markets are using ESG to consider future earnings potential, and credit worthiness
Everyday cost of energy transition
The transition to green energy sources will see periods of sporadic supply & ongoing price volatility
Rapidly evolving regulation
Regulation and reporting standards are accelerating, impacting organisations across entire value chains
Employee engagement and retention
As more employees seek greater purpose in what they do, importance is being placed on working with companies that demonstrate clear values
Reconfiguring trade and globalisation
Sovereign risk across nations is accelerating due and use of trade powers is impacting supply chains
Secondary impacts on partnerships & suppliers
Requirements of major corporates are forcing secondary and other suppliers to adhere to ESG standards
How can SOaaS help?
Working with us means knowing your ESG needs are being managed expertly and sensibly.
Depending on your needs, we can be a standalone function or supplement, coach and integrate with an existing team. No matter what stage of the lifecycle your business is in – start-up or mature business - we can provide valuable support, experience, insights and access to our global PwC network of genuine ESG experts.
The four modules below in our SOaaS are specifically designed to help you at any stage in your ESG process.
ESG baselining and benchmarking
Assessment of internal organisational ESG ecosystem and peer and indices comparison
Materiality assessment
Identification of material issues and risks, validation with key stakeholders and alignment to relevant frameworks and core business
Ambition and priorities
Articulation of high level ambition aligned with organisational purpose and prioritised material ESG areas of focus
Output
Clear view of current state, ESG strategy framework and indicative implementation roadmap
Data and performance
Identification of ESG data sources and data analysis relating to material ESG priority areas
Sustainability target and measurement
Defined and measurable targets aligned with business purpose
Strategic improvement opportunities
Pathway to greater sustainability of operations, timelines and milestones
Output
ESG strategy with clear initiatives to deliver sustainability outcomes and metrics to measure performance
Governance and op model integration
New integrated functional model, including process and culture change and allocation of decision making and governance duties
Comms, culture and education
Narrative, culture shift and upskilling
Integration into policies, procedures and processes
Integration of ESG strategy into wider organisation and ways of working
Output
Targeted implementation plan, with recommendations across a range of systems, organisational, and cultural needs.
Monitoring progress
Internal ESG dashboard, target tracking and commentary
Reporting
ESG reporting framework compliance and connection with desired standards and based on stakeholder needs
SME insights and continuous improvement
Annual progress report, insights and opportunity identification; ESG compliance and connection with desired standards
Output
Consolidated data sets to track your identified ESG ambitions and targets along with guidance for reporting; ongoing insights and upskilling.
Contact us
Partner, Asia Pacific Strategy & Transformation Leader, Sustainability & Climate Change, PwC Malaysia
Tel: +60 (3) 2173 0348
Richard Baker
Director, Sustainability and Climate Change, PwC Malaysia
Tel: +60 (3) 2173 0644
