Why companies should invest in more sustainability now
Our world is changing and confronts us with a wide variety of crises. One of these is the climate crisis, which is forcing us to live and do business more sustainably in many areas. In this sense, however, the term sustainability extends far beyond climate and environmental protection to include social issues and governance. In this context, the term ESG is increasingly coming into focus. But what does it mean and why should companies of all sizes address ESG sooner rather than later?
It should be clear to companies that if they fail to meet ESG criteria, or meet them only inadequately, they can no longer be economically successful in the long term.
Why choose to engage an interim ESG Manager?
If your company has so far only dealt with the topic of ESG to a limited extent, reporting standards such as GRI, SASB, TCFD or DNK provide an important first indication of which topics and criteria are crucial. They show where there is a need for action. Interim ESG Managers bring the necessary expert knowledge for the individual subareas – for example, when it comes to climate protection, CO2 reduction or human rights. They are familiar with the most important reports in order to subsequently identify the weak points and risks of your company – but also to recognize where your company is already well positioned.
An interim ESG Manager…
- Records the status quo in the relevant areas: Where does the company stand, where are the biggest negative impacts and risks, what is already going very well?
- Carries out a needs analysis: The concrete demands on the company from stakeholders and investors are investigated.
- Conducts a gap analysis to see where concrete action is needed to meet these needs.
- Prepares sustainability reports as well as CO2 reports (Scope 1-3) and assists in the analysis and definition of the necessary measures
- Focuses on the future viability of the company
- Subsequently sets strategic cornerstones and defines concrete goals
- Supports the establishment of an internal CSR team for the sustainable implementation of the strategy
- Helps position your company in the competitive environment
- Connects CSR with the brand, supports communication
The advantage of hiring an interim CIO or interim IT manager
- The business does not have to set aside a resource who also has to carry out his/her usual tasks
- An interim Manager is completely dedicated to the assignment
- An interim ESG Manager is experienced in setting up all the reports and processes and can then hand over to a person within the organization
- An interim ESG Manager has a documented good leadership
- The implementation is carried out on time and on budget
Do you want to know more? Contact us!
Quality, power and commitment
Management Factor has been supporting clients from a winde range of industries with interim management since 2001. As market leader, we stand for the highest quality of our services, both professional commitment and realisation strength. We offer Interim Management and Executive Interim Management solutions to critical and complex business challenges.