Part 4) ESG Strategy
Well, no nuts no glory. Developing an ESG strategy is making a plan for the future of a business. With a deeper understanding of sustainable development and FEST (Framework for ESG Strategy and Transformation) at hand, it is time for glory.
On ESGTransformation.com sustainable development is the movement, where the circular economy is the engine. ESG is the benchmark to understand the position of a business and to measure progress. The purpose of developing an ESG strategy is to make progress against the benchmark.
ESG strategies are essential to make the business strong and sustainable. Developing a robust ESG strategy can enhance reputation, attract investment, and ensure compliance with emerging regulations. However, the journey begins with a deep understanding of your actors and a thorough double materiality assessment.
After the analysis of the actors and the most material themes for the organisation it is important to understand the current position. Where does the organisation stand. Adopting an ESG maturity model is a good way forward. It will be possible to compare oneself in time, with others and the industry.
