Organizations are seeking sustainable long-term growth and realize that this is only possible if there is alignment on ESG topics with employees and stakeholders ranging from investors, pension funds, NGOs, and society at large.
Organizations must:

• Align with recognized ESG frameworks such as the United Nations’ Sustainable Development Goals (“UN SDGs”).

• Build a certifiable and sustainable in- and external supply chain that meets defined ESG objectives.
• Ensure that the correct governance is in place to oversee and guide the company to reach its ESG goals and objectives.
• Monitor and report on how they operate and manage ESG strategies, plans, actions, and results.

The EU Directive 2014/95/EU (Non-Financial Reporting Directive (“NFRD”)) and additional legislation (relating to “conflict minerals”, child labor etc.) require large companies to disclose how they operate and manage ESG topics. The UK has and Switzerland is finalizing similar initiatives.

• The EU legislation becomes effective over the 2023 reporting year.
• The new legislation applies to over 15.000 large companies and groups across the EU, UK, and Switzerland, including all listed companies, banks and insurance companies and other companies designated by national authorities as “public-interest entities”.

Glownexus provides advisory services (strategy, action plans, data analysis, process optimization, organization design, and solutions) to effectively manage and report progress during the ESG journey. This includes:

• Creation and/or review of the key documents defining ESG principles, policies, and codes.
• Ensuring the adequacy of key governance elements including the tools and methods required for an efficient ESG management system. Define and understand the risks, set the objectives, create action plans, monitor results, and initiate continuous improvements are key activities to master. 
• Deploying the new Social Management Systems standard (British Standards Institution PAS 24000:2022).
• Reviewing the social audit methodology and monitoring social audit operations internally and externally
• Monitoring and reporting; defining reporting scope and requirements, creating appropriate reporting structures, and generating external reports.
• Audit Compliance activities

Our ESG advisory team has years of experience in working for global organizations, running social audit programs, leading compliance automation projects, defining ESG Principles, Policies, Codes of Conduct and contributing to global compliance standards.