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“Bringing it to life”

Working with True has enabled our organisation to translate our sustainability ambitions into real life targets, bringing meaning and ownership to our teams. We would recommend True to any organisation that really wants to make a difference, living and breathing a sustainability ethos.

Jenny Marek-Murray

Chief Financial Officer, Ports of Jersey

Case Study

Trusted by leading industry experts.

Our Materiality Assessment with Paragon Impact

Alexandra Faure

30 January 2024 at 12:00:00

Our double materiality workshop with Paragon Impact revealed our most significant influences and opportunities.

Recently, our team at True went through a materiality workshop led by our partners, Paragon Impact. This session was a deep dive into our associated risks and impacts on the Sustainable Development Goals (SDGs). The workshop was enlightening, offering us a unique perspective as participants rather than facilitators. It was pivotal in identifying and prioritising the SDGs most relevant to our business operations and impact, involving an in-depth analysis of our practices, impacts, and aspirations.

The SDGs, established by the United Nations, encompass 17 goals aimed at resolving the world’s most pressing environmental, social, and economic challenges by 2030. For businesses, these goals present a holistic framework to address a wide range of ESG (Environmental, Social, and Governance) issues. In a world facing complex environmental and social challenges, the SDGs offer hope and direction, transitioning from a government-led initiative to an essential framework for sustainable business growth.

A double materiality assessment is a comprehensive evaluation method that considers both the financial impact of the SDGs on an organisation and the impact of the organisation on the SDGs. This dual-focused approach assesses how environmental, social, and governance (ESG) factors can affect financial performance, while simultaneously evaluating the company's impact on society and the environment. This holistic view enables businesses to identify and prioritise areas where they can make the most significant impact, aligning their operations with broader societal goals and ensuring sustainable growth.

Our double materiality workshop with Paragon Impact revealed our most significant influences and opportunities. We discovered that our core goals, or the goals where we have the most material impact (positive or negative), are SDG 8, 10, 13, 16, and 17:

Our Core Sustainable Development Goals:

  1. SDG 8: Decent Work and Economic Growth is core to our organisation as our impact revolves around promoting sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. We recognise that sustainable economic growth is foundational to addressing a multitude of environmental and social issues. Our consultancy services are designed to help businesses integrate sustainable practices, thereby contributing to creating job opportunities that are environmentally conscious and socially equitable.

  2. SDG 10: Reduced Inequalities within and among countries is a fundamental aspect of our consultancy work. Our strategies and solutions are tailored to ensure that sustainability within our client's organisations is inclusive, offering opportunities to underrepresented and marginalised groups.

  3. SDG 13: Climate Action is at the heart of our consultancy services. We are deeply committed to helping businesses transition to low-carbon models and integrate climate resilience into their operations. Through our partners technology, Greenly, we help our clients measure, manage and reduce their carbon footprints, directly contributing to their achievement of this goals.

  4. SDG 16: Peace, Justice, and Strong Institutions is core to us as our consultancy places a strong emphasis on promoting peaceful and inclusive societies, providing access to justice for all, and building effective, accountable, and inclusive institutions. We recognise that sustainable development cannot be achieved in the absence of this. Our approach includes advising businesses on ethical practices, governance, and compliance with regulations, thereby contributing to the establishment of strong institutions that are essential for sustainable development.

  5. SDG 17: Partnerships for the Goals focusses on strengthening the means of implementation and revitalising the global partnership for sustainable development. At True, we understand the importance of partnerships in achieving the SDGs. Our role as a consultancy involves fostering collaborations between various stakeholders, including businesses, governments, and society, to work towards common sustainability goals. We facilitate knowledge sharing and education to the public, help our clients understand their impact and align their operations to the SDGs, and we partner with tech providers like Paragon Impact to help business align to the goals. Our commitment to this goal is reflective of our belief that collective action is crucial for the achievement of all the SDGs.

Moving forward, the next phase in our sustainability journey involves conducting an impact assessment using the Paragon Impact tool. This step will enable us to quantify our contributions towards the SDGs, setting measurable targets and tracking our progress. The tool's insights will guide us in fine-tuning our strategies, ensuring that our actions align with our sustainability goals. By integrating these assessments into our regular business practices, we aim to create a ripple effect of positive change, contributing to a more sustainable future while strengthening our business model.

Our Materiality Assessment with Paragon Impact
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