Cronos ESG supports businesses in enhancing their sustainability efforts throughout the entire journey by combining diverse skills and expertise.
Strategy

Our approach

To align our approach with your organization, we first need to understand your current sustainability maturity and compliance status. We will conduct meetings with stakeholders to gather input and collect data on Environmental, Social, and Governance (ESG) practices. This stakeholder engagement, combined with a double materiality assessment (considering both financial and impact materiality), will help set priorities.
We will also assess regulatory compliance and establish a baseline for key sustainability metrics. Our deliverables include a detailed baseline report and a stakeholder mapping and engagement plan. This phase will provide a clear understanding of your current status and actionable insights, ensuring that decisions are based on a thorough understanding of both financial and impact materiality, and better preparing you to meet regulatory requirements.
In phase 2, we will define clear sustainability and compliance goals and develop a strategic plan to achieve them. We will set SMART goals and create a comprehensive sustainability strategy with short-term, medium-term, and long-term objectives.
Additionally, we will determine the necessary resources and assign roles and responsibilities to ensure the successful implementation of the strategic sustainability plan with well-defined goals and initiatives. This phase will align sustainability objectives with the business strategy through clear, actionable goals.
In phase 3, we will implement sustainability initiatives and integrate them into your core business processes. This phase includes not only various sustainability projects but also updating policies and procedures. Additionally, we will provide training programs to build internal capacity for effective sustainability management.
In phase 4, we will focus on continuously monitoring progress, evaluating outcomes, and adjusting strategies as needed. We will establish systems for regular tracking of sustainability metrics and conduct periodic evaluations. Emphasizing the importance of feedback and continuous improvement, this phase lays a solid foundation for your sustainability and compliance reports, as well as your internal and external communications.
In the final phase, we will embed a strategy for continuous improvement and innovation in sustainability practices. Key elements include regular reviews and updates of sustainability goals, implementing continuous improvement processes, and encouraging the adoption of best practices.
This phase also focuses on staying informed about emerging trends and technologies, positioning the organization as a leader in sustainability through advocacy and sharing success stories. We will foster a culture of innovation and leadership in sustainability practices.
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Data is a cornerstone in a sustainability approach because it provides the foundation for informed decision-making, performance tracking, and continuous improvement.

Sam Bambust
CEO De Cronos Group