Environmental, Social, & Governance

A successful ESG strategy will cover the three main pillars which are Environmental, Societal, and Governance. The purpose of an ESG strategy is to demonstrate the environmental, social, and governance factors that your organization sees as important to consider within current and future operations. Benefits of having an ESG strategy include improved brand image and competitive advantage, attracting high-quality talent due to greater social credibility, increased investment returns due to better allocation of capital with a long-term focus, lower energy consumption, efficient operations that streamline efforts and conserve resources, and goodwill and “benefit of the doubt”.

Companies do not need to follow a linear journey to full ESG integration. Trexin can help your organization succeed sooner. Current ESG maturity includes four levels. Level Zero includes ESG efforts are scattered, infrequent, and disorganized, leadership is disengaged, and full costs of ESG status are incurred. Level One includes a “Center of Coordination” model, sustainability office drives all efforts, top leadership is sympathetic to efforts, and small ESG benefits and reduction in costs from poor ESG. Level Two includes “Center for Support” model being followed, business is aligned on the importance of ESG, business units lack dedicated ESG staff, and above average significant benefits. Level Four includes “Center for Experts” model is followed, business units have been fully integrated ESG efforts, sustainability office has communications and reporting, and organization has industry leader with maximum benefits unlocked.

ESG strategic objectives and tactics assessment and roadmap is where Trexin can help organizations throughout their ESG journey. The roadmap includes ESG Strategy/Target Setting and Business Goal Alignment. This involves defining and operationalizing cross-functional ESG strategy, aligned to business objectives and grounded in accountability through meaningful science-based targets. Conducting a gap analysis which involves tailoring an intentional analysis to identify gaps in key areas of ESG throughout a variety of different lenses. ESG Education and Workshops to keep leadership informed on the dynamic ESG landscape and educate your workforce and future ESG stakeholders. And a Final Roadmap, which includes final recommendations, project plans and charters, completed business case and cost benefit analysis, providing an overall strategic roadmap of projects necessary to meet goals.

Trexin will not just provide recommendations and a roadmap, Trexin can assist your organization throughout the entirety of your ESG journey, from overall strategy to managing individual programs. Trexin will provide a strategy using our STAR – Strategy, Assessment, and Roadmap – methodology that is designed to drive alignment on reaching your organization’s goals. The result is a carefully tailored roadmap for your organization to follow. Trexin can also provide our partners with Project and Program Management, Technology Implementation, Delivery Support, and Subject Matter Expertise.

Companies across the globe are choosing to make sustainability a priority within their operations. Eighty percent of major companies now report on sustainability, and organizations are aligning initiatives to commit to understanding their environmental and societal footprint. At the front of these initiatives is B Lab, a non-profit organization that assesses corporations and provides certifications that hold companies accountable to their societal and environmental impact. The B Impact Assessment provides comprehensive, credible, and comparable impact standards to support companies’ initiatives for sustainability. The assessment is a digital tool used by more than 150,000 businesses, and can help measure, manage, and improve positive impact for environment, communities, employees, and shareholders of companies that choose to use this tool. Completing the B Impact Assessment involves answering a series of questions about a company’s practices across five categories: governance, workers, community, the environment, and customers. A company can then evaluate their performance in comparison to the thousands of other businesses that have completed the assessment and see where they are performing in accordance with sustainable practices, and where there is need for improvement.