Sustainability Reporting for Confidential Chemical Producer
Helping a global chemical producer accurately communicate its sustainability performance to stakeholders
PROJECT HISTORY
The challenge
A global chemical producer needed support developing responses to CDP's Climate Change, Water Security, and Forests information requests, as well as S&P Global's Corporate Sustainability Assessment (CSA), all in a short timeframe.
The solution
We used our sector and sustainability reporting expertise to navigate annual changes to the CDP and CSA reporting frameworks, proposing a collaborative approach that leveraged the client’s internal capabilities.
The impact
The client was impressed with our team’s knowledge and experience with the submission requirements as well as our perspective on emerging areas of the questionnaires (e.g., biodiversity).
Leader
Top 10%
Transparency
The challenge
Arcadis was approached by a global chemical producer who was challenged in completing its annual sustainability disclosures on a tight timescale. The client was keen on retaining high marks on CDP and being relisted on the Dow Jones Sustainability Indices (DJSI) World Index. With recent changes in their sustainability team, they were left with limited internal capacity to meet the reporting requirements. With the deadline for its annual CDP and DJSI responses approaching rapidly, the client needed the right expertise and resources that could ensure accurate reporting within the given timeframe.
The solution
Recognizing the urgency and importance of the client's needs, Arcadis proposed a collaborative approach to support development of the company’s sustainability disclosures. Leveraging our expertise in sustainability reporting, Arcadis aimed to complement the client's internal capabilities by providing specialized knowledge and experience in navigating the complex requirements of the CDP and DJSI sustainability disclosure frameworks.
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Arcadis worked closely with the client's team to understand their sustainability goals, data collection needs, and reporting requirements. Our experienced sustainability consultants collaborated with the client to gather relevant data, develop comprehensive responses to questionnaires, and optimize scoring. We also provided insights and guidance on the significant changes and modifications to the prior year’s reporting requests, which ensured that the client's responses were aligned with current expectations from stakeholders.
Our collaborative approach allowed us to work seamlessly with the client's team, leveraging their internal expertise while providing specialized support where needed to ensure a successful outcome.
The impact
The collaborative approach proposed by Arcadis had a significant impact on the client's ability to complete its annual sustainability reporting accurately and on time. By leveraging our knowledge and experience in sustainability reporting, we helped the client demonstrate their sustainability efforts and communicate their performance transparently to investors and other stakeholders. Our understanding of data collection needs, submission responses, and emerging areas of the questionnaires, such as biodiversity, ensured that the client's responses were comprehensive and aligned with the reporting requirements.
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The client was impressed with the Arcadis team's expertise and perspective on the evolving sustainability landscape, which enabled the client to optimize its scoring and improve its chances of remaining on the CDP Climate Change 'A List', as well as being relisted on the DJSI World Index. The successful completion of responses to these reporting frameworks within a tight timescale was a testament to the collaborative approach and expertise provided by Arcadis, demonstrating our commitment to supporting our clients in achieving their sustainability goals.