ESG is all about long-term initiatives to enable consistent growth and value delivery. Aligning an organisation’s business strategy with ESG is therefore should be an integral part behind any strong ESG proposition.
The broad nature of ESG presents a problem for many organisations that try to spread themselves too thin by wanting to take up every single initiative. Instead, narrow down on initiatives that can make a quantified and measurable impact.
Narrow down and get rid of ambiguity by understanding the priorities of the stakeholders. Through this process, one should already be able to narrow down and eliminate a large chunk of the ESG umbrella that are irrelevant or out of context.
Further selection refinement may be required to identify which option aligns and compliments the corporate or business strategy of the concerning company. Running too many at once can adversely affect your ESG goals, as organisations of all sizes will always have a finite amount of resources.
Developing a blueprint to achieve the link between ESG initiatives and KPIs that define and drive the core business strategy requires a deep understanding of all parts. The blueprint should consider progress without striving for perfection, as many status-quo processes are difficult to change within a short period.
As ESG is a broad term encapsulating many aspects of an organisation, there is no one-size-fits-all approach to formulating the right strategy.
The first step would be to get in touch with us and book an initial consult so that the Ocean Blocks ESG team can get to know your organisation in order to identify and better understand where we are able to add value.
Ocean Blocks typically work with and consult to mid-tier businesses both in Australia and abroad. Occasionally we do specific pieces of work for bigger firms or government organisations that require our specialist expertise in designated areas.
Ocean Blocks works with a wide range of organisations in different industry sectors. We are sector agnostic and have clients from a variety of industries.
The ESG side of the Ocean Blocks business operates much like a consultancy firm. We typically consult to businesses and work to create a bespoke strategy to tailor for each organisations’ unique needs and requirements.
Due to the bespoke nature of how we work with our clients, our fee structure is only determined after understanding the particular organisation’s requirements.