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VideoSuccess Story: Strategic Roadmap to Long-Term Sustainability
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With a strategic roadmap for long-term sustainability and enhanced processes and controls, a hospitality and facilities services company can now deliver investor-grade reporting and showcase its commitment to sustainable principles.
2 minute read
June 11, 2024
Partner, Risk Advisory Services
Director, ESG & Sustainability Services
National Strategy Leader
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The Client
A public, hospitality and facilities services company with 2022 annual revenue of $500 million.
The Challenge
Develop a comprehensive ESG strategy emphasizing sustainability and responsible business practices in accordance with stakeholder expectations.
The Process
Weaver initiated the consultancy with the client by aligning the company’s goals and objectives with industry standard ESG frameworks using series of assessments.
- Benchmarking Exercises: Through rigorous market benchmarking exercises and interviews, Weaver identified key ESG reporting topics crucial to the client’s narrative.
- Documentation of Processes and Controls: The engagement also included the development of repeatable processes and controls.
- Data Collection: Weaver facilitated the implementation of verifiable data collection mechanisms, ensuring accuracy and reducing the risk of misstating key performance indicators and statements.
- ESG Report: This process established the foundation for the creation of a comprehensive ESG report and a dedicated webpage, enhancing the client’s transparency and credibility.
The Deliverables
- Materiality Assessment. Weaver facilitated and delivered a materiality assessment to identify relevant and material ESG reporting topics.
- Validation and Gap Assessment Exercises. We performed validation exercises to promote investor grade reporting and a gap assessment of data and information sources.
- ESG Roadmap. We aligned the criteria in GRI with results from the materiality assessment, benchmarking exercise, company processes and available data to determine roadmap for ESG reporting and website. We reviewed and reconciled source data to ESG information for the ESG report. We mapped initiatives to align with established frameworks.
- Plan for the Future. Develop templates, processes and control activities to drive verifiable, complete, and accurate data repeatable for future reporting cycles. Weaver continues to support the company with the next evolution of their ESG program, including readiness for future emissions reporting and disclosure requirements.