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Peer Benchmarking and Gap Assessment

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Elements

An ESG (Environmental, Social, and Governance) gap assessment is an analytical process that evaluates an organization's current ESG practices and performance, identifying gaps between their existing status and desired or required standards (such as regulatory requirements, industry benchmarks, or stakeholder expectations). The goal is to assess how well a company aligns with ESG best practices and where improvements can be made.


An ESG gap assessment enables them to align with sustainability goals, mitigate risks, and enhance their corporate reputation.


Peer benchmarking involves comparing an organization's ESG performance, practices, and disclosures against its industry peers or competitors. It helps to understand where a company stands relative to others in terms of sustainability efforts.

Process

We help organizations by analyzing their current environmental, social, and governance efforts, identifying gaps between these practices and industry standards, and providing actionable recommendations to improve ESG performance and meet sustainability goals. We guide companies toward stronger, more compliant ESG practices.

1

Identifying relevant issues

  • Client Consultation

  • Set Scope and Objectives

2

Data Collection & Review

  • Internal Data Gathering

  • Stakeholder Interviews

  • Documentation Review

3

Benchmarking

  • ESG Framework Alignment

  • Regulatory Compliance

4

 Gap Identification

  • Gap Analysis

  • Materiality Assessment

5

Risk and Opportunity Analysis

  • Risk Identification

  • Opportunities for Improvement

6

Recommendation Report

  • Action Plan Development

  • Short, Medium, and Long-term Strategies

7

 Implementation and Monitoring

  • Support in Execution

  • Monitoring Progress

8

Final Reporting and Communication

  • Report Preparation

  • Stakeholder Presentation

Why is
ESG Gap Assessment Important?

  • Regulatory Compliance: Helps companies stay compliant with evolving ESG regulations.

  • Risk Management: Identifies ESG-related risks that could affect the company’s performance or reputation.

  • Sustainability and Efficiency: Promotes long-term sustainable practices, improving operational efficiency and reducing waste.

  • Attract Investors: Aligning with ESG principles enhances appeal to socially conscious investors.

  • Improved Corporate Reputation: Demonstrates commitment to responsible business practices, which can attract customers and talent.

The combination of peer benchmarking and gap assessment helps organizations understand where they stand, identify areas for improvement, and implement targeted strategies to enhance their ESG performance and competitiveness.

For more details, contact us to begin assessing your ESG framework and improve your sustainability performance

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