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ESG Performance Benchmarking

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Testimonials

We recently engaged Lucion Delta-Simons Ltd to help on our ESG and Carbon Reduction journey. To be honest, we didn’t know what we didn’t know, and the last 6 months have been an eye-opener and a great learning curve.   

Taking us through this journey, Rob Molyneux and Rob Dadzie, have both been extremely professional, helpful and enthusiastic. They have been flexible and patient, making the journey to a positive ESG disclosure easier.   

We are nearing the end of the scope of work, with the exception of our end-of-year GRI report, but I’m sure we will be back annually for ESG Performance Validations and Carbon Assessments.

The team have done a great job, and I look forward to continuing to work with you.

David Robinson HSE & ESG Director Innovo Build UAE

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ESG Performance Benchmarking FAQs

ESG benchmarking typically covers a wide range of metrics, including carbon emissions, energy efficiency, water usage, waste management, employee diversity, health and safety practices, board composition, and ethical business practices. The specific metrics can vary based on industry and company size. 

It’s generally recommended to conduct ESG performance benchmarking annually. However, some companies may choose to do it more frequently, especially in rapidly changing industries or if they’re actively working on improving specific ESG areas. 

Yes, SMEs can benefit significantly from ESG benchmarking. It can help them identify areas for improvement, set realistic goals, and potentially gain a competitive advantage in their market. The benchmarking process can be scaled to suit the resources and needs of smaller businesses. 

Research has shown a positive correlation between strong ESG performance and financial performance. ESG benchmarking can help companies identify areas where improved sustainability practices could lead to cost savings, risk reduction, or new business opportunities. 

ESG benchmarking typically uses a combination of public disclosures (such as sustainability reports and financial filings), proprietary databases, and industry-specific data sources. Some benchmarking services also incorporate data from ESG rating agencies. 

To ensure data accuracy, companies should implement robust data collection and verification processes, consider third-party assurance for key metrics, and align their reporting with recognized standards such as GRI or SASB. Regular internal audits of ESG data can also help maintain accuracy. 

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