Sustainability is becoming increasingly important for a company’s success. Incorporating ESG into the company’s strategy is important to ensure growth, competitiveness, and access to capital.
ESG refers to environmental, social and governance factors that are used to assess whether a business can be considered sustainable.
ESG strategy and ESG solutions
ESG reporting is a complex topic and is constantly evolving. Producing an ESG strategy can therefore seem challenging, but ESG deals with topics that very quickly will become essential for your customers, suppliers, business partners, employees, and other stakeholders. Not only due to a growing trend in our society, but also as several areas within ESG are gradually being required by law for several companies to report on.
RSM’s team is interdisciplinary and has the expertise needed to offer specialised advice for your business. Regardless of whether you have already started your ESG journey or not, we can offer solutions that suit you – this could be an initial maturity assessment, ESG due diligence, assistance with reporting under the Transparency Act, or third-party assurance of your ESG report. We have the expertise you need.
Social:
The focus on businesses’ impact on society has changed in recent times and is receiving increasing attention. Social sustainability is about the social impact businesses have through their operations. This is a broad topic and covers for instance how businesses treat their employees and how they contribute to the local communities in which they operate.
In Norway, the Transparency Act (NO: Åpenhetsloven) has already entered into force. This is a law whose purpose is to promote companies’ respect for basic human rights and decent working conditions. Companies who are subject to this law must be aware of how their business activities can have a negative impact on human rights and decent working conditions, either directly or indirectly through supply chains or business partners.
In addition, stricter requirements for social sustainability will be introduced with the coming Corporate Sustainability Reporting Directive (CSRD).