Key challenges
Resource availability
Manufacturing
31% of firms, especially larger ones, struggle with a lack of resources.
Geographic alignment
Firms in the US and Bermuda report challenges in aligning sustainability efforts across regions.
ESG data and regulatory complexity
Sourcing reliable ESG data and navigating regulatory demands are key hurdles.
Cross-geography alignment
Particularly challenging for firms straddling European and North American regulatory environments.
Key solutions
Tailored sustainability operating models
Firms should develop an operating model that suits their specific needs and structure, as there’s no one-size-fits-all solution.
Strategic resourcing
Invest in the sustainability function to ensure it is well-resourced and capable of managing key initiatives.
Cross-departmental integration
To avoid siloed approaches, firms should better integrate environmental and social aspects into their broader business programmes.
Framework adoption
Encouraging broader adoption of recognised frameworks like TCFD and ClimateWise can help firms align their sustainability goals with global standards.
Key takeaways
Customised approach
There is no single best way to structure sustainability functions—each organisation must adopt a model that works for them.
Importance of resourcing
Ensuring adequate resources is essential for implementing a strong sustainability strategy and meeting regulatory requirements.
Firm size irrelevant to maturity
The size of the organisation does not necessarily indicate the maturity of its sustainability efforts.
Geographic challenges
Firms operating across regions, especially US and Europe, face unique challenges in aligning sustainability practices due to differing regulations.