Governance

Many companies choose to delegate sustainability initiatives as an add on responsibility to existing functions, but this is unlikely to achieve optimum results. Sustainability transformation requires ESG governance to be embedded at all organisation levels starting at the highest.

This ensures that Sustainability is given due weight and can be fully integrated with the corporate strategy, culture and business model in order to achieve maximum impact.

The benefits of embedding ESG within the governance structure include:

1. Better alignment of your sustainability strategy and corporate strategy
2. More effective and efficient implementation of your sustainability strategy
3. More transparency, accountability, and effective oversight of ESG matters at board and executive management level
4. More effective ESG risk assessment and management
5. Reassure stakeholders that sustainability is a priority for the company

However, there is no ‘one-size-fits-all’ approach to effective sustainability governance. RenoirESG will analyse and assess your existing governance structure and recommend a bespoke approach to embedding ESG factors.

We can advise on the most effective structures required to embed ESG factors into your business model, including:

1. Establish a Sustainability Committee and Charter to ensure effective oversight of sustainability matters
2. Assign board and management level roles and responsibilities
3. Embed sustainability into the performance and remuneration structure
4. Increase sustainability knowledge and build internal capacities at all levels of the company