Our sustainability services help companies succeed by guiding them on their sustainability journey, starting with analysis of a company’s current state, defining the future, identifying gaps, setting targets and monitoring progress.

Sustainability Strategy

Sustainability strategy development is the process by which an organization creates a plan and sets objectives for integrating sustainability principles and practices into its operations, culture, and overall business model. A well-defined sustainability strategy is crucial for organizations looking to minimize their environmental impact, promote social responsibility, and ensure long-term economic viability. We at Vireo understand that every sustainability journey is different. A successful sustainability strategy should be the right fit for your business—focusing on your material risks and opportunities. Steps included within creating a sustainability strategy include:

• Commitment and Leadership: The first step is for senior leadership to commit to sustainability and to champion the development of a sustainability strategy.

• Stakeholder Engagement: Identify and engage with key internal and external stakeholders where practicable, such as employees, customers, investors, suppliers, and local communities. Understanding their perspectives and expectations is vital in shaping the sustainability strategy.

• Benchmarking: Understanding what your peers are doing.

• Materiality Assessment: Determine which sustainability issues are most material to your organization. Materiality assessments help prioritize which environmental, social, and governance (ESG) factors are most relevant to your industry, stakeholders, and operations.

• Goal Setting: Establish specific, measurable, achievable, relevant, and time-bound (SMART) sustainability goals and targets. These goals should align with the organization's mission and values and address the identified material issues.

• Performance Metrics: Define key performance indicators (KPIs) and metrics to track progress towards sustainability goals. Regularly monitor and report on these metrics to demonstrate accountability and transparency.