ESG sustainable development plan is an action plan for company’s sustainable growth and green transition.
Do you want to steer your business towards a green transition?
- Does a supplier or customer require you to have a green transition action list?
- Do you need data to complete the CDP climate change questionnaire?
- Are you preparing for ESG reporting?
If you replied yes to any of the above, we recommend that you develop an ESG sustainable development plan.
The ESG sustainable development plan is implemented in accordance with the Taxonomy Regulation (EU) 2020/852 of the European Parliament and of the Council. This Regulation sets out the criteria for determining whether an economic activity is environmentally sustainable for the purpose of determining the environmental sustainability of an investment.
Sustainable growth action plan
This taxonomy regulation is one of a number of measures aimed at achieving the three objectives of the EU Action Plan, which are:
- to redirect capital flows towards sustainable investments in order to achieve sustainable and inclusive growth;
- to manage financial risks arising from climate change, natural disasters, environmental degradation and social issues;
- to promote transparency and long-termism for financial and economic activities.
Merila: To determine whether an economic activity is environmentally sustainable and to determine the environmental sustainability of an investment, the following criteria is applied:
- It contributes significantly to one or several environmental objectives set out in the Regulation,
- It does not significantly harm any of those environmental objectives,
- It is in compliance with the minimum safeguards set out in the Regulation,
- It meets the technical screening criteria determined by the European Commission in accordance with the Regulation.
Okoljski cilji: For the purpose of the Regulation, environmental objectives are:
- Climate change mitigation;
- Climate change adaptation;
- Sustainable use and protection of water and marine resources;
- Transition to a circular economy;
- Pollution prevention and control;
- Protection and restoration of biodiversity and ecosystems.
Steps to develop an ESG sustainability plan
- step: Assessment of the current state for the ECONOMIC PILLAR: Review of company’s economic indicators, sustainable investments and sustainable borrowing, level of digitalisation.
- step: Assessment of the current state for the SOCIAL PILLAR: Review of existing investments in the local environment, public good in company operations, training and education, equal employment opportunities, relationships in the company, workplace health promotion.
- step: Assessment of the current state for the ENVIRONMENTAL PILLAR: Assessment of the current state for the ENVIRONMENTAL PILLAR: Review of existing technologies and machinery, as well as electricity consumption by machine, facility, waste management and types of waste by month, consumption of raw materials/materials by month, energy consumption by month, air, water and soil pollution (current state), sustainable use and protection of water resources (current state), climate change mitigation and adaptation (current state), circular economy (current state), protection and restoration of biodiversity and ecosystems (current state).
- Step: Applicant's references and achievements to date in the areas of the economic, environmental and social pillars.
- step: Setting organisation's objectives for economic, environmental and social pillars.
- step: Relations with strategic stakeholders.
- step: Action plan for economic, environmental and social pillars for the 2023–2027 period.
- New machines and equipment (energy efficiency)
- Introduction of new technologies and new or improved technological processes
- Transition to circular economy
- Climate change mitigation and adaptation
- Proposal for digitalisation and purchase of a tool for digital data capture
- step: Selection of ESRS indicators for organisation's sustainability reporting and development of a results matrix
- Environment (E): selection of environmental ESRS indicators
- Society (S): selection of social ESRS indicators
- Governance (G): selection of governance and economic ESRS indicators
In the process of developing your ESG sustainability plan, we will closely collaborate with your team, and if necessary, we will invite specialists who are experienced in designing technical solutions for instance, to conduct an energy review of processes or to plan technical cooling solutions. Our partnership will be based on expertise, collaboration, and flexibility, recognizing that a sustainability plan is crucial for the success of the business.
An ESG sustainability plan of environmentally responsible behavior helps your company to:
- Identify hot environmental spots that need to be sustainably changed through measures.
- Define risks and opportunities in all three areas (environmental, social, economic).
- Create a matrix of sustainable measures.
- Evaluate the financial return of implemented measures.
- Prepare a summary of guidelines for management.
- Development of an ESG sustainable development plan.
- We cover the environmental, economic and social pillars.
- Developing a sustainability action plan.
- Selection of ESRS indicators for monitoring results and regular monitoring.
Are you ready to make a change and reduce your company's environmental impact?
We have the experience and expertise to help you achieve impact on all three pillars of sustainability.