Sustainability Magazine Septemeber 2024 | Page 30

EXECUTIVE INSIGHT

WHERE ARE YOU ON YOUR SUSTAINABILITY JOURNEY

We are only at the beginning of the journey and have so far refined our operations and strategy to adopt a net zero roadmap that aligns with the SBTi standards in four ways :
• We established an ESG Board to oversee progress against the ESG agenda and provided them with carbon literacy training
• WSH formed four action groups , each dedicated to a strategic pillar of our sustainability agenda – ensuring a structured and focused approach towards achieving our targets
• We have appointed a WSH board member as a sponsor for each group . This high-level involvement underscores the importance of sustainability and ensures that the goals are better understood and integrated
• Internal reporting . We have agreed on individual targets with each of our businesses and implemented regular tracking and KPI reporting to drive awareness . We monitor our progress and identify areas for improvement to ensure we understand how we track against our net-zero targets . Reporting is made available for each business and provides an overall picture of performance for WSH .

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WHAT UNDERPINS THE SUCCESS OF THE SECOND NATURE STRATEGY

Working groups responsible for operational execution and translating strategic ideas into tangible steps have been established . Regular tracking and reporting mechanisms have been implemented . These mechanisms monitor progress towards sustainability goals , identify areas for improvement and ensure accountability .
In addition , collaboration with stakeholders and suppliers is actively encouraged . WSH believes achieving sustainability goals is a collective effort and is committed to driving sustainable practices across the supply chain .

HOW DO YOU TRACK AND ASSESS DATA-DRIVEN TARGET SETTING

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Data-driven target setting is a critical component of any successful net-zero strategy . It provides a clear , quantifiable roadmap for businesses , ensuring transparency and accountability in their sustainability efforts . One of the critical plans put in place to track progress and decrease environmental impact is the measurement of baseline data across all KPIs .
30 September 2024