Sustainability Finance 101: Setting meaningful sustainability-related targets for financial success.

In the last Sustainability & Sustainable Financial Success 101 post we discussed how the absence of due diligence in assessing sustainability risks leads to a greenwashing risk.  In this post we’ll pose questions to help you evaluate your methodology for setting your sustainability targets.

·       What is the basic motivating premise for your sustainability-related target-setting?

·       Is it motivated by regulatory pressures, investor/customer demands or strategic goals?

·       Did you arrive at your targets by first assessing your sustainability-related double-materiality impacts?

·       Did you consider your business specific products and processes and arrive at targets based on the technologies that result in your specific impacts?

·       During target-setting, did you consider an evolutionary roadmap that could leverage specific innovative new technologies and processes that pertain to your specific products and processes?

·       Are all key stakeholders in your organization included in target-setting, to ensure that the targets can be met and will be met?

·       What is your typical target period, base period and interim target period?

·       Are your targets aligned with international agreements driven by climate science?

·       What is your process for independent validation, review and sign-off on targets?

·       As part of target-setting, what is your plan to monitor progress and analyze trends?

·       What metrics do you plan to use to monitor progress?

·       What process do you use to revise targets, and when is this considered acceptable?

SELE Solutions can help your business answer the above questions and create meaningful sustainability related targets tailored to your business products, footprint and processes, those that are achievable and necessary for your business to succeed.  Additionally, SELE can help identify and implement innovative technology solutions (commercial and R&D) customized to meet your business’ specific sustainable development goals.   Time is running out.  Reach out to SELE Solutions to get kick-started on your journey to sustainable development.

info@selesolutions.com; +1(248)975.7353; www.selesolutions.com