- Identification, profiling and prioritization of important stakeholder groups & issues
- Customized stakeholder / issue research projects
- Online stakeholder engagement tools
- Facilitated stakeholder engagement sessions
- Develop strategic relationships with select stakeholders
- Stakeholder engagement results feed into materiality assessments
More on Stakeholder / Third Party Engagement
At the heart of the most successful sustainability and responsibility strategies of leading companies are meaningful stakeholder engagements and partnerships. Consideration of important stakeholder groups perspectives on how particular ESG issues relate to your organization is critical in setting the focus of sustainability reporting and programs. The GRI G4 Framework encourages corporate engagement with stakeholder groups in such categories as civil society, customers, local communities, shareholders, providers of capital, the public sector, suppliers, employees, and trade unions.
Depending on the client organization's sector and unique characteristics, stakeholder engagements could include discussions on issue areas such as: climate change, energy, water, waste streams, human rights, labor rights, biodiversity, protection of natural resources, supply chain behaviors, protection of indigenous peoples, anti-corruption policies, anti-competitive behavior, product stewardship, regulation, and other Environmental, Social, and Corporate Governance (ESG) issues. Employee safety, human resources development, diversity of workforce and management (and board) are also important issues for many stakeholders.
The potential universe of stakeholders for engagement is usually broad for large companies. It's important to prioritize stakeholder groups and focus on organizations that influence access to markets, regulations, corporate reputation, shape investor perceptions, serve as non-governmental organizations (NGOs) with quasi-government leverage, organize local communities, have educational programs, and that partner with business, and may be appropriate for corporate engagement.
The G&A team engages with, and/or monitors many social sector organizations that influence corporate freedom to operate, shape or determine the outcomes of critical issues, shape media coverage of the corporate sector and individual companies, conduct proxy campaigns, and influence capital market results (such as access to capital, or valuations). From this broad universe – literally several hundred organizations - we help clients identify the most strategic and relevant of potential third parties.
For GRI reporting, stakeholder engagement is a critical element of the materiality process and for defining report content and focus.
Stakeholders could include asset managers, ESG analysts, investors, advocates, industry groups, coalitions, governments, regulators, consumers / customers, suppliers, partners, employees, communities, NGOs, media, peers and academics.