Concerns from and for customers, workforce, stakeholders, communities, governments, as well as our resources and climate have brought about a demand for transparent and socially responsible practices and initiatives within organizations. Companies failing to consider their impact on the planet and their people will fall behind their competition as it becomes the standard.
It is simply not enough to maintain operational efficiency in business today. Organizations have a duty to recognize and address global causes for concern. Contributing to sustainable development is the main objective of corporate responsibility. This overarching goal is recognized by a combination of healthy ecosystems, social equity, and good organizational governance (ESG).
SRI is committed to standing with the global community that is making ESG its mission and purpose by committing to the same goals.
Based on the company’s Materiality Assessment, SRI can help incorporate the appropriate topics and metrics from the relevant frameworks into your management system assessment:
- The United Nations (UN) Sustainable Development Goals
- The UN Global Compact – Ten (10) Principles
- AA1000 Accountability Principles Standard 2008
- SA 8000 – Social Accountability
- Code of Ethics Assessments
- ISO 26000 – A Framework for ESG
- SASB – Sustainability Accounting Standards Board industry specific standards for ESG disciplines
- GRI – Global Reporting Initiative for ESG
- SMETA 2 and 4 Pillar
- And other Industry-specific standards and frameworks
And if any of these key standards are part of your commitment, SRI is a leading registrar in these supporting standards (component frameworks) and works with many ESG-minded companies:
- ISO 14001 – Environmental leadership
- ISO 28000 – Supply Chain Security
- RC14001 – Responsible Care
- ISO 45001 – Occupational Health & Safety
- ISO 50001 – Energy Management
- ISO 14064 – Green House Gas (GHG) Management
SRI offers Letters of Assurance for companies who choose to demonstrate third-party review of their ESG process, reporting, and supporting standards:
- AA1000 Assurance Standard accredited assessment and Letter of Assurance
- Accredited Certificates for supporting standards (component frameworks)
The Process for Achieving Your Goals
The assessment process for ESG is a results-focused, iterative development and achievement process. Traditional assessment processes have a “yes you do” or “no you don’t” meet the requirements outcome. At SRI, the process is focused on achievement of your goals.
- You establish your goals
- We evaluate the gaps and opportunities
- You create a plan to capture the opportunities
- We re-evaluate until your ESG report accurately reflects your ESG performance
The process is not prescriptive, so it is still independent. You set your goals, and you decide how to achieve them. But unlike traditional assessments, our Process Leaders are working with you throughout the process until you reach your goals. It’s as innovative and partnership-oriented as the goals are themselves.
Interested in implementing and achieving ESG goals for your business? Click here for contact information.
The Steps to a Recognized ESG/Sustainability Program:
- Identify your goals for the Program
- Plan – Establish a strategic plan to accomplish the program goals
- Do – Execute the plan and develop your ESG report and scorecard
- Check – Perform an internal and external assessment of achievement
- Act – Reevaluate performance against goals, and set incremental plans for continual improvement
Companies that have implemented ISO programs will see the PDCA process here and be able to integrate these goals with their other goals for quality, environmental, health and safety, and security management.
A well-rounded ESG Program provides business value and brand equity. It shows how your company has contributed to:
- Environmental progress
- Social improvement for the people you engage and communities you serve
- Responsible and effective corporate governance
The value of your commitment and investment to stakeholders is driven by:
- Reduced costs from turnover, compliance, and poor will
- Improved return on financial and human resources
- Global competitive footing and advantage
- Transparency and openness that builds teamwork and synergies
- Recognition by your stakeholders and markets of brand value and leadership