We work with companies to help them identify the interdependencies between the most material issues for their business and the related social, environmental and financial risks and opportunities. Drawing on BITC’s research into global mega trends and the questions that we believe every board should be asking about future strategy, we aim to help businesses leaders create a smarter, integrated, approach to running their business.
Using the above approach we work with companies to build an effective strategy to deliver on ambitions set around identified priorities. A good strategy is a vital part of a company’s success, setting the terms of reference to deploy resources effectively and efficiently.
How we can help you:
Exploring global mega-trends and BITC's Big Boardroom Agenda
Businesses do not operate in a vacuum. In fact they are impacted upon by a large number of current and future forces which are a source of potential risk and opportunity. Companies that embrace long-term thinking can identify new ideas for product and services design and innovative methods and processes.
We support companies to stimulate discussion using BITC’s Big Boardroom Agenda which covers five topics designed to provoke enquiry and action: Global mega trends, unique contribution, legacy, balance shift, and ask of customers. Run as facilitated workshops at board or senior management level, these discussions offer the opportunity for our clients to consider how commercial operations are likely to be impacted upon by future external forces. They also provide boards with the thinking space to deliberate the importance of shared value creation and the opportunity to visualise what this could look like for their business in the medium and long term.
Undertaking a materiality assessment
We help companies to identify and prioritise their material issues to ensure a strategic use of time and resources. For practitioners we offer an accredited training course module focused on risk and materiality which provides a sounds foundation for further support. Beyond this we offer structured advice and analysis which helps companies to identify what issues are important to their key stakeholders and to link the interdependencies between these issues and relevant social, environmental and financial risks and opportunities.
Integrating sustainability into an organisation’s strategy and decision-making processes through a structured materiality assessment helps to reduce future regulatory, resource and price risks. It also helps businesses assess how they may be impacted by short, medium and long term environmental and social changes. This integrated approach provides businesses with the tools to rethink value creation and build their unique legacy for the future.
Developing a corporate vision and objectives
We support clients to develop a long-term vision and values that are reflective of their aspirations of the organisation. We work at senior level to facilitate discussion around business objectives that will indicate what the company wants to achieve for all its material issues, whether it is to monitor compliance, set themselves apart from the competition, or innovate and take a leadership position.
The team also has experience of facilitating workshops to review objectives and strategy in order to ensure there is clear alignment between commercial and sustainability strategy.
Defining governance and management systems
Ensuring an effective governance structure is in place is an important part of managing risks in any organisation. This ensures that risks are being managed and opportunities identified, sustainability objectives are owned and there is accountability for all these elements across the business.
We undertake governance and management system reviews and support companies in developing integrated governance frameworks that effectively drive sustainability across their business.
Engaging key stakeholders
To ensure effective communication and to foster good relations and trust between a company and its stakeholders, it is vital that stakeholder engagement is mapped, planned and happens regularly. Stakeholder engagement is also necessary to identify key issues the company needs to focus upon and which can inform the development and review of strategies.
We help clients to review how they map, manage and plan engagement with internal and external stakeholders using various methods including facilitated workshops, training and stakeholder engagement toolkits. We also provide advice on implementing engagement in a way that will guarantee meaningful relationships with the right groups.