- Food Systems
- Plant-based foods
- Strategy Development
- Policy and Regulatory Development
- Alliance Building
- Digital Communication and Amplification
A food company needed to develop its first ESG strategy to align with the company’s purpose, business strategy, and key external stakeholders.
The company’s vision, purpose, and strategy were used to set the framework of an ESG plan: The company had external assessments of its risks and opportunities where ESG parameters were also reflected. Therefore, the next step was undertaking a materiality assessment with internal and external stakeholders to prioritize key ESG elements. The prioritized list was then incorporated into the framework, and relevant ESG goals and metrics were developed. For each of the goals and metrics, a pathway to success was developed by expert teams within the organization. To ensure company alignment, a committee structure was formed, led by the CEO, to provide consultation and alignment across the organization and commitment. Key external stakeholders were consulted as the ESG plan was being developed including investors, NGOs, Advisors, and board members. Finally, a narrative and communication plan was developed, interlinked with the company strategy and story. The result was an ESG plan aligned with the business, was transparent, compliant with international standards, and communicated simply so all stakeholders could understand the company’s direction.