Identifying the environmental, social and governance (ESG) issues that are most material to your business is key to developing an effective strategy and action plan for your company’s ESG transformation. Engaging key stakeholders to understand their priorities is critical to defining the material issues that matter most.

Renoir-CGI takes a systematic approach to materiality assessment. Here’s how we can help you:

1. Identify key stakeholders: We work with you to identify internal and external stakeholders, such as investors, employees and communities.
2. Engagement channels: We identify the most effective channels for stakeholder engagement, including workshops and surveys.
3. Gather stakeholder input: We design surveys and questionnaires to gather valuable input on their priorities.
4. Outreach & Analysis: We conduct outreach activities to engage stakeholders and analyse their feedback to identify their priorities.
5. Peer analysis: We conduct peer analysis to benchmark your ESG issues against industry leaders and provide insights for improvement.
6. Tailored engagement policy: We provide a tailored stakeholder engagement policy to support ongoing engagement and materiality assessment as your ESG journey progresses.

Following the materiality assessment, conducting a Gap Analysis is a key step in achieving your ESG goals. This process evaluates your current ESG performance against set targets, industry benchmarks, and regulatory requirements.

It provides an overview of your strengths and weaknesses across your company’s value chain, enabling you to identify areas for improvement.

Renoir-CGI can provide a comprehensive Gap Analysis report that identifies:

1. ESG Maturity Assessment: We assess your company’s current level of ESG maturity.
2. Focus Areas: We identify the most material ESG issues for you to focus on.
3. Benchmarking & Improvement: We benchmark your performance against industry leaders and best practice to identify opportunities for improvement.
4. Closing the gap: We provide recommendations for closing ESG gaps and achieving your sustainability goals.

A Gap Analysis is essential to identify the path to improved ESG performance. It will help you set specific targets, establish clear metrics, and determine the most relevant information to report on, guiding your successful ESG journey.