We know, everywhere we look we are inundated with conversations sustainability and ESG- Environmental Social and Governance. Despite this becoming the ‘new kid on the governance block’ sometimes getting started is the hardest thing.

So what next for a Board that has invested in an ESG training, what next for a CEO or Company Secretary? We at Akira Consult Limited are here to help! We can hold your hand and help you dip your toes in so that we ensure that your organisation is here for the long haul.

For the Board, the following is a summary of your next steps:
1.The Board bears the responsibility of overseeing the organisation’s ESG strategies and initiatives. (governance role)
2.Boards are to ensure alignment of ESG efforts with the organisation’s values, mission, and stakeholders’ interests.
3. Boards play a pivotal role in setting the tone at the top and promoting sustainable practices throughout the organization. (guidance role)
4.They guide the integration of ESG into the organisation’s strategic planning, set targets and guide decision-making processes.
5. Boards also ensure that ESG efforts lead to sustainable value creation and positive societal impact. (strategic role)
6.The Board is also responsible for monitoring and reporting on ESG performance metrics. They should ensure accurate and transparent reporting (reporting role)
The role of the CEO in executing a successful ESG Strategy
1.Setting the Tone: Set the company’s ESG agenda and foster a culture of sustainability in the organisation.
2.Strategic Leadership: Lead the development and implementation of the company’s ESG strategy, aligning it with the overall business goals and operations.
3.Stakeholder Engagement: Engaging with various stakeholders, including investors, customers, employees, and the community, to communicate the company’s ESG commitments and progress.
4.Risk Management: Identifying and addressing ESG-related risks, ensuring that ESG factors are integrated into the company’s risk management processes.
5.Influence on Policy: Advocate for ESG-related policies and regulations that align with the company’s values and long-term sustainability objectives.
6.Performance Monitoring and Reporting: Oversee the monitoring and reporting while providing transparent and accurate disclosures to stakeholders.
7.Resource Allocation: Allocating resources and investments to support ESG initiatives within capital allocation decisions.
8.External Representation: Acting as the company’s representative in external ESG-related engagements, e.g industry forums and regulatory dialogues.
9.Elevating Awareness: Encouraging ESG education and awareness among employees.
10.Continuous Improvement: Driving a culture of continuous improvement in ESG practices

If you are lucky and budget allows, appoint a sustainability officer to focus on delivering these initiatives.

Read more on www.akiraconsult.ke