Our dedicated ESG team in Melbourne, can offer you an extensive range of ESG services, designed to empower your company on your sustainability journey. Supported by our nationwide network of sustainability and climate change consultants, we are experienced in helping businesses across a wide range of industries meet their ESG needs.  

• ESG Assessments: We will perform a thorough assessment to help you understand where you stand on the ESG spectrum and identify areas for growth and improvement.
• Develop ESG Roadmap: We will work with you to develop an ESG strategy and comprehensive roadmap tailored for your business, to help you meet your ESG goals. 
• Material Matters Assessments: We will help you to identify and prioritise the ESG matters most critical to your stakeholders and business.
• ESG Risk Assessments: Dive deep into ESG risks, including scenario testing, to fortify your resilience in the face of evolving challenges.
• ESG Targets and Goals: Define clear, measurable ESG targets and goals to drive progress and accountability.
• Performance Monitoring: Set up robust processes for monitoring your performance against ESG targets and goals.
• ESG Governance Frameworks: Establish governance structures that ensure ESG considerations are integrated seamlessly into your decision-making processes. and operations.
• ESG Reporting: Prepare comprehensive sustainability reports,  ESG reports and non-financial risk disclosures to communicate your sustainability commitments to stakeholders and to attract responsible investors.
• Supply Chain and Modern Slavery Assessments: Assess and enhance the sustainability and ethical standards of your supply chain.
• Partnerships and Investments: Evaluate potential partnerships or investments in alignment with ESG criteria to empower you to make informed decisions for your business.
• Global Reporting Standards: Conduct gap analyses against industry standards such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), or Carbon Disclosure Project (CDP) standards.
• Training and Workshops: Equip your team with the knowledge and tools to drive sustainability initiatives effectively

Absolutely! Transitioning to renewable energy sources is a great way to improve your ESG score. It can also help you save on operational costs. We have a great team of experienced specialists including Jacob Elkhishim, the National Leader, Resources, Mining, Energy & Sustainability at RSM Australia.

1. Energy Audit: We will start by assessing your current energy consumption and needs. This includes understanding your energy goals and budget constraints.
2. Energy Transition Strategy : Based on the assessment, we'll work with you to define clear renewable energy targets that align with your business context and goals.
3. Renewable Energy Procurement: Our team will provide insights into the various renewable energy options available, helping you choose the most suitable and cost-effective solutions for your business. We will then guide you through the process of procuring renewable energy, including exploring Power Purchase Agreements (PPAs) to secure a stable and sustainable energy supply.
4. Energy Efficiency: Alongside renewable energy adoption, we'll explore energy efficiency measures to further optimise your energy use, lower emissions and reduce waste.
5. Monitoring and Reporting: Once your renewable energy system is in place, we'll establish monitoring processes to ensure it operates at peak efficiency. If you're interested in showcasing your renewable energy efforts in sustainability reports, we can help you report on your renewable energy usage and its impact on your overall carbon footprint.

Our goal is to make the transition to renewable energy as seamless and cost-effective as possible, helping you reduce your carbon footprint and embrace sustainable practices. Please contact us for a detailed consultation tailored to your organisation's needs.

Supply Chain ESG is about ensuring that your company's supply chain is not only efficient but also sustainable, ethical, and aligned with responsible business practices. Here are some of the reasons supply chain ESG is an increasingly important business consideration:

1. Risk Mitigation: Evaluating and addressing ESG issues in the supply chain helps identify potential risks, such as disruptions due to climate events, labour disputes, or regulatory changes. By proactively managing these risks, companies can safeguard their operations and protect their brand reputation.
2. Regulatory Compliance: Many regions and industries have enacted regulations related to ESG practices in supply chains. Non-compliance can result in legal consequences and financial penalties. Staying in line with these regulations is essential for avoiding legal issues.
3. Consumer and Investor Demand: Modern consumers and investors increasingly prefer businesses that demonstrate a commitment to sustainability and ethical practices. Companies with strong Supply Chain ESG can attract a broader customer base and access a growing pool of responsible investors.
4. Brand Reputation: Supply Chain ESG initiatives can enhance a company's brand reputation by demonstrating a commitment to ethical and sustainable practices. A positive reputation can lead to increased customer loyalty and trust.
5. Operational Efficiency: Implementing ESG practices in the supply chain can lead to greater operational efficiency. For example, energy-efficient processes and waste reduction measures can result in cost savings over time.
6. Resilience: Climate change and social disruptions pose significant threats to supply chains. Companies with robust Supply Chain ESG practices are better prepared to adapt to these challenges, ensuring continuity in their operations.
7. Ethical Considerations: Supply Chain ESG reflects a company's ethical values and commitment to responsible business practices. It aligns with broader societal expectations for businesses to operate in a socially and environmentally responsible manner.
8. Competitive Advantage: As more companies prioritise Supply Chain ESG, it can become a source of competitive advantage. Being an ESG leader can differentiate your company in the Melbourne market and open up new business opportunities.
9. Long-Term Sustainability: Embracing Supply Chain ESG is essential for the long-term sustainability of both businesses and the planet. It contributes to reducing environmental degradation, social inequalities, and unethical practices, helping to create a more equitable and sustainable global economy.

Australia is taking significant steps to align its financial markets and corporate practices with international standards and expectations in the realm of ESG and climate risk. While there is currently no mandatory ESG reporting framework in Victoria, Australia is considering mandatory climate and sustainability reporting standards for large, listed businesses and financial institutions, which will come into effect from July 1, 2024.

As these regulations develop and come into effect, businesses and financial institutions operating in Australia will need to proactively adapt their reporting practices to comply with the evolving standards. Staying informed about these changes and preparing for their implementation will be essential for organisations looking to thrive in a sustainable and responsible business environment.

Speak to one of our advisers for more information about the reporting requirements applicable to your business.