Impacts and benefits
- Helped Speedy Services obtain in-depth and comprehensive insights into Environmental Social and Governance (ESG) developments in the UK market for equipment hire and services for construction and infrastructure.
- Identified and evaluated the political, economic, social, technological, environmental and legal (PESTEL) trends that could impact Speedy Services.
- Assessed current and upcoming sustainability-related legislation and the implications for Speedy Services.
- Created a robust foundation for a materiality assessment.
If you are looking for a good company to help with horizon scanning, materiality assessment and the disclosure landscape I highly recommend Simply Sustainable.Amelia Woodley Executive Board ESG Director, Speedy Services
Simply Sustainable has been working with Speedy Services since February 2023. As a leading provider of tools, equipment hire and services to the construction industry, infrastructure and industrial markets in the UK, Speedy Services is committed to being at the forefront of sustainability and innovation and is dedicated ‘to inspire and innovate the future of hire’. With this in mind, Speedy Services approached Simply Sustainable to carry out an in-depth ESG horizon scan to identify and assess the potential legislative changes that may affect its operations.
Working closely with the Speedy Services team, Simply Sustainable first identified sector-specific ESG topics relevant to Speedy Services. Zooming in on the most important topics, Simply Sustainable analysed the sustainability trends that could affect Speedy Services, including an in-depth evaluation of existing and forthcoming legislation. By applying our deep expertise, we provided robust recommendations for managing emerging issues and incoming regulatory requirements.
Executed in a 2-week sprint, the analysis gave Speedy Services a comprehensive understanding of the latest developments in relation to the most critical sustainability topics, as well as clear recommendations and next steps to address the identified impacts. We are delighted to continue the collaboration with Speedy Services, using the outcome of the horizon scan as robust basis for its materiality assessment.
To find out how Simply Sustainable can help you develop your ESG and sustainability strategy, request a call-back from one of our team of experts.
Optimising key ESG ratings at easyJet
Impacts and benefits
- Optimised easyJet’s ESG ratings
- Enhanced ESG disclosures in the annual report that addressed investors and other stakeholders’ interests
- Provided strategic recommendations on the airline’s approach to sustainability
The hard work and support of the Simply Sustainable team throughout the ESG and materiality projects was very useful. The outputs have informed our approach to sustainability and played a key role in improving the sustainability chapter of our 2019 Annual Report.Mark Ramsden Head of UK Corporate Affairs, easyJet
Companies that score well on environmental social and governance (ESG) ratings are known to better anticipate future risks and opportunities, be more disposed to longer-term strategic thinking, and able to deliver long-term value. Investors often use ESG ratings as part of a broader analysis, or to positively screen for ‘best-in-class’ companies and negatively screen out worst-performing companies. If a company appears low down its industry list, it could result in exclusion from ESG investment products.
Working closely with the sustainability team at easyJet, we engaged with two widely used ESG rating providers – MSCI and Sustainalytics – to identify opportunities to improve its scoring and approach to managing material issues. We began by evaluating the airlines existing performance in each rating, as well as the criteria for scoring each of ‘E’ ‘S’ and ‘G’. We analysed the results and mapped them against the company’s existing ESG strategy and disclosures.
Our analysis identified opportunities across important areas of easyJet’s performance and provided easyJet with a practical action plan to improve its scoring and approach year-on-year.
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