ESG Strategy and Communication

Through a materiality assessment, we identify the most significant ESG factors with the potential to drive long-term success. We help integrate ESG considerations into decision-making processes to mitigate risks and leverage opportunities. Clear KPIs are essential for measuring the effectiveness of your strategy, and we ensure they are well-defined.

We also craft compelling narratives about your sustainability strategy and offer guidance on communicating it effectively to stakeholders.

Get help with ESG strategy

How do we work with ESG strategies?

At NORD advise, we specialize in helping businesses integrate ESG into their corporate strategies. Our approach includes:

• Mapping of materiality areas: Identifying the factors most important to your company and stakeholders.
• Strategy development: Designing tailored ESG strategies with clear goals and actionable plans.
• Implementation: Assisting with the effective implementation and follow-up of the strategy.
• Communication and reporting: Developing transparent reporting processes that meet regulatory and market expectations.

With NORD advise as your partner, you can make sustainability an integral part of your corporate strategy, creating long-term value for your business and society.

Let us help you turn your ambitions into action and strengthen your competitiveness with a strong ESG strategy.

When should your company develop an ESG strategy?

The timing of developing an ESG strategy depends on industry, size, and market demands. However, ESG is increasingly becoming a requirement and expectation from investors, customers, employees, and other stakeholders.

For companies operating across the EU, the new Corporate Sustainability Reporting Directive (CSRD) places significant demands on ESG reporting. Proactivity is essential to meet these regulatory requirements. Even small and medium-sized enterprises (SMEs) that supply to larger companies may face requests for ESG data as part of their customers’ reporting obligations.

If you want to stay ahead and secure your market position, now is the time to develop an ESG strategy.

What should an ESG strategy include?

An effective ESG strategy should comprise the following key elements:

• Identifying material issues: Map out environmental, social, and governance factors most relevant to your company and stakeholders, such as climate change, working conditions, diversity, and anti-corruption.
• Clear goals: Set measurable, specific, and time-bound KPIs to track the strategy’s progress.
• Action plans: Develop concrete plans detailing how your company will achieve its goals.
• Reporting and transparency: Incorporate ESG data into annual reports and other communication channels to build trust and transparency with stakeholders.

An ESG strategy should also be adaptable, allowing for adjustments to internal and external changes.

How can an ESG strategy enhance your company’s competitiveness?

• Attracting investors: Institutional investors increasingly prioritize sustainable investments, and lenders consider ESG factors when determining financing terms.
• Customer loyalty: An ESG focus can strengthen relationships with customers who value responsible businesses.
• Risk management: Reduce exposure to risks like climate change, regulatory compliance, and reputational challenges.
• Market positioning: Position your company as a sustainability leader, opening doors to new market opportunities.

ESG and legislation: How do EU requirements impact your strategy?

The EU’s CSRD is a game-changer for ESG reporting, requiring companies to disclose detailed sustainability efforts, including:

• Double materiality assessments: Evaluate how the company impacts the environment and society, and how external factors affect the company.
• Climate targets: Outline plans for reducing greenhouse gas emissions.
• Social factors: Address worker rights and diversity.

These requirements call for increased transparency and robust reporting systems. Even companies not directly subject to CSRD may feel its impact through customer or partner demands.