Organizations in the food & beverage industries are under increasing pressure to improve ESG and sustainability performance – from internal leadership and employees to external stakeholders such as investors, creditors, policy makers, supply chain partners, and consumers. This presents many challenges depending on your internal competencies and knowledge of material reporting topics and KPIs for the Food & Beverage industry.
First, it is important to understand what ESG and sustainability is (and what it is not), where it came from, and why it’s only going to grow as an expectation in the future.
Second, it is crucial to understand your own unique business drivers and challenges. Only then, can you easily sift through the “alphabet soup” of ESG and sustainability frameworks, standards, and rating agencies to focus on what truly matters.
Finally, you can identify and prioritize material topics, KPIs, and performance expectations of key stakeholders in the Food & Beverage industry.