08/11/2022
Often when I first speak to a business about sustainability, I hear one or more of the following:
โ We have someone in charge and already taking action
โ I'm not sure what our company is doing, but we are too busy
โ We installed solar/LEDs but are not sure what else we should do
โ We want to do more but aren't sure what our next step is
โ If you recall, just a few 5-10 years ago, the critical way to improve your business efficiency and ensure it is operating at its best was to conduct an Audit.
The idea behind this is to understand the operational baseline, identify the opportunities for efficiency and build out the technical and economic feasibility around such opportunities with a clear implementation plan.
Now in the sustainably-focused market, with climate change being a vital issue for over 70% of Australians and possibly the world, we are taking more considerate steps by following an ESG pathwayโwhich starts with a Materiality Assessment.
This is ultimately a stakeholder lead approach where we understand their key concerns in business operations (internally & externally) and assess the outcomes from these discussions to report on the KEY MATERIAL IMPACTS. Understanding this is a path forward in building a practical ESG Pathway or Sustainability Framework.
