Governance: Writing a Sustainability Policy for Your Business
Sustainability in your business starts with a good governance program. Your sustainability policy will describe the governance processes, controls and procedures your business uses to monitor, manage and oversee sustainability-related risks and opportunities.
Who is responsible for oversight of sustainability-related risks and opportunities?
What are the terms of reference, mandates, roles, policies of the function?
How do we ensure competency of the people to perform the governance function?
What is the reporting frequency and format?
How does the governance function evaluate sustainability strategy, decisions, risk management?
How are sustainability targets set and performance monitored?
Your policy should also describe management’s role in the governance processes and controls and procedures used to monitor, manage and oversee sustainability-related risks and opportunities.
Is the role delegated to a specific management position or committee?
How is oversight exercised over that position or committee?
What are the controls and procedures for oversight of sustainability-related risks and opportunities?
How are these controls and procedures integrated with other internal functions?
Contact us to help you customize a sustainability policy that fits your business.