The degree of impact on the environment and society is important for companies to remain competitive. Together we can work on transforming your company to a sustainable organization.
A sustainable future requires a healthy planet and a society with socio-economic cohesion. That sustainable future, offers decent and meaningful work to all, with equal opportunities in an inclusive society. In order to realize this sustainable future, individuals and (public) organisations should take ESG (environmental, social & governance) aspects into account when making decisions. Sustainability will take a central place in an organisation's strategy, it will be a guideline for transformation and they will report on it and provide assurance.
The United Nations Sustainable Development Goals (SDGs) help organisations give substance to sustainability. By focusing on specific SDGs your organisation can make the most impact, and contribute to solving global problems around poverty, health, inequality, climate change, peace and justice. Connecting SDGs to your strategy is also positive for your organisation. It reduces your risks, lowers your costs, increases confidence in your organisation and potentially leads to more growth. Organisations that link SDGs to their strategy speak the same language worldwide, can more easily benchmark themselves and form partnerships.
To remain successful in a sustainable future, organisations incorporate ESG factors in strategy, transformation, reporting and assurance. These organisations have a clear picture of sustainability risks and opportunities and act accordingly, both internally and in the value chain. In doing so, these organisations play an important role in achieving the SDGs. There are five ESG themes that your organisation needs to address in order to remain successful in a sustainable future:
In order to realise the ESG themes, organisations can no longer manage sustainability in a silo, or focus solely on limiting negative consequences for society and the planet. Sustainability will be integrated into the core of the organisation. Organisations that reconsider their strategic direction based on ESG factors have the potential to protect their reputation and achieve value growth. To most organisations, sustainability will become a license to operate. We can advise you on how to integrate ESG factors into your strategy and how to transform your organisation to achieve these factors.
In order to achieve the ESG factors, companies, investors and governments cannot rely solely on traditional financial information to take decisions. Forward-thinking organisations integrate insights into their annual reports on topics such as human rights, CO2 emissions, water pollution and taxes. They are also well informed about new EU regulation such as the EU taxonomy, NFRD, TCFD, etc. Transparency provides companies an advantage towards stakeholders and is essential for their reputation. We can help you measure and report those insights correctly, in accordance with recognised governance, environmental and reporting standards. In order to establish the information reported is credible, and thus further increase trust, we can provide you with assurance on your financial and non-financial information.
Double interview Mijntje Lückeratth-Roover, professor of Corporate Governance, and millennial expert Talitha Muusse. They are very much on the same wavelength when it comes to sustainable development. Now is the time for change.
'In today's world, trust in institutions and business is declining. Investors, employees and other stakeholders demand companies to contribute to a better world'
As PwC, we aim to contribute to trust in society and solving important problems. We achieve this goal primarily by developing services that meet the needs of a broad group of stakeholders. This is in line with the sustainable development goals that we have integrated into our strategy.