Sustainability Services

ESG Trends in Asia

Hong Kong Exchange – Amendment to ESG reporting and listing rules

Listed companies have to provide ESG data in a timely manner, enhance board engagement, and report the potential impacts of climate change

China – CSRC Emission Disclosure

Heavy emitter required to disclose emissions and all listed companies to disclose E&S data (voluntary)

As a UNESCO approved Certified Sustainable Development Corporation, TQM believes that sustainable development is essential to the continued growth of the company; rather than focus on short-term profits, we instead consider the long-term benefits of interdependence and ecological innovation.

FIRST Batch of Certified Sustainable Development Corporation dedicated to promote and advocate sustainability core competencies in corporations and DESIGNATED for sustainability core competencies development training

TQM’s global network of climate change and sustainable practices can help you build long-term value in a rapidly changing world. We aim to do things differently and challenge the traditional consulting model and we are the ONLY consulting company delivering concrete and measurable results that enable the real ESG excellence in your organization.

Developing a sustainability strategy...

Sustainability or corporate responsibility strategy is a prioritised set of actions. It provides an agreed framework to focus investment and drive performance, as well as engage internal and external stakeholders. Strategy needs to flow from the corporate aims. A genuine link to the company’s overall objectives provides a foundation on which to build the aspirations, reflect the culture and focus on the right priorities, whereas a vision, mission and values provide the building blocks on which to reflect corporate culture and direction.

Identifying the issues that matter...

A rigorous process of materiality is essential to identifying the issues that matter most to the company as well as its stakeholders. Good strategy involves not just prioritisation, but making a decision to really focus on certain issues. Although all the choices can seem complex, the best strategies converge on a few priorities.

Prioritising effectively...

A good strategy needs to have a hierarchy and a focus. The focus needs to be on the right issues that are most material for the company. Having arrived at the right priorities, the company should be able to channel its investment into a small number of key areas. An effective framework should group together the different issues and explain how the company plans to address them. This not only helps with implementation and the targeting of resources but also makes engagement and communication of the strategy much more effective.

Targets and KPIs...

Targets are the backbone of an effective sustainability strategy and Goals provide a focal point for those inside and outside of the business. They provide a clear set of objectives for management, and a yardstick by which external audiences can judge progress. Wherever possible, it is more impactful to commit to numbers, such as a percentage of employees, factories or suppliers that will adhere to standards. Above all, companies need to avoid vague promises that are not possible to measure nor report progress against in a robust way.

Engagement and Implementation...

Effective implementation involves providing guidance to employees following extensive consultation and putting in place systems of governance, external feedback and regular review. A clear guidance on what sustainability means and what the new strategy means should be provided and a formal system of accountabilities should be put in place to oversee the strategy. Taking the strategy to external stakeholders can build advocates for the company, and also create a more resilient approach by responding to stakeholder views. Amid all the external pressures and insights, businesses should not lose sight of the need to create business value.