Humperdinck Jackman
Hi, since the late 1990s, ESG reporting or environment, social and governance has become an absolute business essential, whether you’re operating a charity, an SME or even a global corporation. In fact, it began with global corporations to evaluate the impact of what your investments are upon society and planet. And that is the overwhelming thrust of it all. People,
planet and profit, they should be able to coexist. So the grandfather of all of the many potential ESG frameworks is the Global Reporting Institute, the GRI this is the foundation of everything. But then quite early on, B Corp popped up and B Corp simplified the GRI framework and made it accessible to smaller businesses, even a micro SMA of two people.
On the other side, there’s the EcoVadis framework. And EcoVadis is very much about business to business certification. It’s been driven very much from the top down, the likes of NatWest, HSBC, ⁓ even Acor Hotels and hundreds of other corporations recognize the risk of their supply chain. But EcoVadis has moved beyond merely supplier management and has incorporated fully the GRI and supply chain auditing and everything, everything which goes around that. So it’s another quality framework. So GRI for everybody has applicable, it is scalable. It’s also the only true framework design, which is applicable also to not-for-profits. B Corp, which is business to consumer and EcoVadis, which is business to business.
We support all of these frameworks, but let’s dive a bit deeper and see what’s really involved. Proving your sustainability credentials through a formal ESG framework, it can seem daunting, but it doesn’t have to be. We bring a fresh approach. We bring an enterprise-grade software platform, but we include the consultants and the advisory at the forefront. It’s the advice and the guidance which deliver success, not any piece of software because most of the ESG software out there is no more than an interface to a spreadsheet. It’s simplistic. Proper ESG reporting is about delivering, managing and implementing change. It’s not just ticking a box. This is absolutely critical to your success. So we cover all of the major ESG standards, including both those which are regulatory and those which are UK sector specific. As a sector specific example, think of NHS Evergreen. It is ⁓ not so much an ESG framework as a procurement obligation which demands an ESG framework and the steps which are required to get there. You’re going to come across other ESG frameworks and regulations. So, alongside the GRI, you might say there’s the ISSB or the CSRD. You get the idea. This is a very acronym intensive field. Don’t let that put you off. The job of ESG Pro is to simplify the mumbo jumbo and help you create a stronger, less risky organization. Risk aversion is one way to sum up.
You know, what is the question? What is ESG? It’s about risk and the mitigating of risk to create strength in an organization so you are less likely to fall foul.
Now, our approach, why should you look at ESG Pro, is we work in small teams with every client. So no matter what your goals are, we offer an affordable and tailor-made approach to fulfillment. We always meet client deadlines because of this. We start every single project with a Gantt chart, a project plan, which we design with you, with your milestones, your time constraints, your deadlines, your ambitions at the forefront. So we match our resources and our pace of delivery to what you need as a business. So with ESG reporting, are fundamentally there are six key steps. Let’s make it simple here. We start with ESG preliminaries or a gap analysis. even this begins with a materiality assessment. Again, what does that mean? It’s a stakeholder survey. It’s your employees, your customers, your suppliers, any interested parties. You’re surveying to discover what are their priorities from an environmental, social and governance perspective. Get the feedback, create a strategy which is actually going to work for you and solve the issues you need to solve.
Within ESG preliminaries, we also conduct a peer review. In other words, we invite you to give us five or 10 of your key competitors or businesses you particularly admire and wish to emulate. And we evaluate how they are performing, how they are reporting. It’s invaluable for understanding the strengths and weaknesses of your competitors, because you want to spend your time and money If not equaling those, maybe even bettering them, be better. And within the gap analysis, it’s understanding where are you as a business? How ready are you for ESG reporting? How big of a task is it going to be? So now we’ve got the basics done. We turn our attention to your supply chain because a poor quality supplier, one who maybe abuses their employees is is a high polluter. These have an impact on your reputation, they can come across very quickly. Just ask James Dyson. this is common across every ESG framework these days. They all prioritize knowing your suppliers and identifying the risks they pose to your your organization. Then we turn our attention to policies. There are maybe 50 or 60 policies which the average organization should have, but doesn’t because they are very ESG specific. An environmental policy, a waste management policy, the list goes on. Not everybody needs every policy. In fact, it can be a mistake to have policies which don’t have any evidence of being implemented.
This is a very common theme in ESG reporting. A policy is one part of the equation, but the real benefit is where the policy can be evidenced as having been applied. It’s one thing to say you have an anti-discrimination policy, but have you trained in any way your staff, your suppliers, your contractors on what that means in practice? How are you assessing that that policy is actually working? That it’s valid policy and not just electronic ink. we fix your policies, we write your policies as fresh as needed. We establish that those policies are in the right structure, that they have been reviewed, and we look for gaps. And by the way, you cannot just copy and paste some policy found on the internet. This will definitely cause you to fail any ESG framework audit.
Then we get to the nitty gritty, the ESG disclosures. Again, we’re working with you one-on-one in live team sessions, typically in two-hour blocks, to help fill in the gaps. Where you don’t have the information, we help you design the right structure so you can reply positively. We do research and give extra guidance on any field required. And slowly, over the period of time, an hour awake, two hours a week, whatever is your schedule, your resources available, we build up your ESG statement against the specific KPIs in the framework to which you’re reporting.
Our consultants are also working offline for you. It’s not just your time all the time. You want your consultants to be doing the heavy lifting and that’s what we’re about. We’re using our software so you can be very certain whose duty is which, who’s got the task to do X, Y, Z.
After the comprehensive disclosures, we move on to preparing your annual sustainability report. It might be your first one. It can be anywhere from 15 pages to 30 pages and beyond. We tend to recommend at the beginning 15 to 30 pages is sensible. Because the point of an annual sustainability report is that it is meaningful, that every statement is backed up by some form of evidence, that it paints a very positive picture of what you have done. And this is very important, your ambitions as to where your business looks to go in the future. You don’t have to achieve everything all at once. So you’re stating your ambitions clearly, explaining why this is a positive ambition, how you’re going to address it is just as important as the things you have done.
Because ESG is not like an ISO. This is not pass or fail, not really. It’s about continuous improvement. And every year you need to improve to maintain your ESG rating. In Niko Vadis speak to go from a bronze to a silver, a silver to a gold and so on.
And then there’s the rating and certification. Now for every client conducting ESG reporting, we do ensure that the client receives a form of a GRI rating, whether it’s ESG fundamentals or a formal rating in the financial style, ABB, for example.
We can also apply to third parties to endorse your same rating. However, with ESG ratings such as B Corp and Incovadas, there is a totally independent assessment of the work we have done for you. It can take anywhere from a month to two months to complete. And then you would achieve a formal certification, which you can also publish on your website and so on.
But we’ve always believed that ESG reporting must be accessible. Every organization should be able to participate because that’s how change really happens. We support clients across multiple sectors from aerospace and charities, governments, retail, pharmaceutical, education, you name it. And because we work across so many different sectors, we can learn, we learn from these different sectors and we share the insights from those. It is not a sector specific reporting requirement. But what truly sets us apart is that we’re founded on the basis of delivering genuine social value and a portion, 20 % of all revenue we receive from our social value sustainability initial initiative projects does go into a social value fund. It really adds up over time and it gives you a lot of sight on how that revenue is then allocated.
And finally, we do offer all of the related services you might require, whether it’s achieving the pass in a government, UK government, modern slavery assessment, carbon reporting, reporting in alignment with the SBTI, or whatever it is, we’re there, we’ve got you covered.
But what else to say? Over 10 years, we’ve built a reputation. We’ve never had a complaint. Never had a single client complaint in the 10 years I’ve been running this business. And every single business, every organization we’ve taken through ESG reporting, we have secured a first time rating certification pass. So this goes down very well.
So we look forward to working with you. We’re here to answer questions. We like to keep life simple for our clients. And we’re on your phone call away. Book a meeting. Let’s have a call. Let’s discover what you need and how we can be the consultants of choice for you. Thank you very much for listening.