How to measure ESG performance effectively through sustainability benchmarking: practical examples on companies in 7 key sectors
What is sustainability benchmark analysis?
The Sustainability Benchmarking aims to compare certain metrics related to certain performance, processes, or sustainability practices with industry standards, best practices, and competitors.
Through this tool, it is possible for a company to understand its positioning vis-a-vis the market, and identify which areas present risks or opportunities. The purpose of benchmarking is therefore to Learn notions that may be beneficial to your business model.
Comparing with the best players in the sector makes it possible to identify most effective practices to ensure good ESG performance but, at the same time, dealing with the companies most in difficulty allows us to understand which are the mistakes to avoid.
Thanks to sustainability benchmarking, a company can therefore understand which initiatives should be prioritized and which are more feasible, identifying the opportunities for differentiation of their sector.
Sustainability benchmarking: applying analysis to companies in 7 key sectors
The process for conducting a benchmark analysis aims to evaluate in detail all the areas selected to obtain the greatest quantity and the best possible quality in terms of information.
La analysis procedure It is divided into 6 steps that are:
- establish the objective of the analysis;
- select the key performances to monitor;
- determine a pool of relevant competitors;
- determine a rating scale and the reference;
- collect information and evaluate the variables of each competitor;
- evaluate your performance and compare it with that of your competitors.
The analysis that was conducted within the document aims to understand the positioning compared to competitors of corporate ESG performance.
The performance indicators chosen cover the three dimensions of sustainability (Environmental, Social and Governance) and have been applied to 7 sectors. For each of them, an evaluation was carried out through Spider-chart, differentiating between large companies and SMEs.
The Seventh sector taken into consideration are:
- business services (Consulting, Professional Services and Information and Communication Technology - ICT) . ;
- financial and banking;
- manufacturing;
- logistics and transport;
- fashion and retail;
- pharmaceutical;
- food and drink.
What you'll find in the free white paper
- How the analysis of sustainability benchmarks can become a tool for improving ESG performance.
- How to conduct a sustainability benchmarking analysis.
- Application of sustainability benchmarking for large companies and SMEs in 7 key sectors
- A case study on which a performance evaluation was carried out.
