Case Study
ESG Managed Services for a biotech company
A leading precision medicine company focused on cancer detection and testing. The company has revenues of over USD500 million.
The business situation
After publishing an inaugural ESG report in 2023, the client required support in enhancing ESG across the business, including conducting a greenhouse gas emissions inventory, understanding external ESG ratings, navigating the evolving ESG landscape, and meeting ongoing stakeholder requests. They did not want to develop their teams in-house and wanted to run this as a managed service.
Our team’s role
Greenhouse Gas Inventory
Conducting a comprehensive greenhouse gas emissions inventory across Scope 1, 2, and 3 categories and submission of the client's first response to CDP.
ESG Ratings Evaluation
Evaluating ESG ratings from agencies such as MSCI, ISS ESG, EcoVadis, and Sustainalytics and identifying potential gaps and areas for improvement.
Strategic ESG Progress
Strategic planning, project management, and authoring of interim ESG updates to showcase ongoing progress.
Suppply Chain Responsibility
Establishing guidelines for responsible practices across the supply chain, including drafting a supplier code of conduct.
Investor Expectations Support
Supporting the client to understand investor expectations better and address any requests from stakeholders both internally and externally.
ESG Regulatory Navigation
Continuously supporting the client in navigating the evolving ESG regulation landscape.
Our team’s role
The value our team added
- Through our involvement in the client's ESG project, we provided tangible value by improving multiple ESG ratings and identifying opportunities for ongoing enhancement. Our focus on aligning with industry best practices and stakeholder expectations was key in achieving ESG rating improvements.
- We also provided end-to-end service in helping the client respond to CDP for the first time to maximize scoring potential.
- We continually focused on effective communications to provide the client's internal (e.g., ESG working group; Board of Directors) and external (e.g., key customers, investors) stakeholders a clear view of the client's ongoing ESG efforts.
- Our collaboration took a results-driven approach to ESG, focusing on real impact and strategic progress. All this without client having to invest in ESG resources within their organization.
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