This major international airline and publicly traded company was facing increased pressure from investors to disclose its material ESG risks and opportunities. The company had used the SASB Standards in previous Impact Reports to communicate progress on material sustainability issues. However, with rising investor expectations and emerging regulation from the US SEC on mandatory climate risk disclosure, the airline wanted to create an investor-focused ESG report as opposed to a consumer-focused CSR report.
Sustainable Business Consulting helped the airline refine its SASB and TCFD reporting strategy to cater to the investor-focused audience and align with its financial reporting efforts more broadly. Our team facilitated the following:
- Re-assessed material ESG issues in alliance with SASB Standards and in consideration of changing industry dynamics
- Handled all aspects of the report creation process, from content writing to final design
- Provided the client with a turn-key ESG report
- Aligned financial reporting efforts with best-in-class ESG frameworks, including SASB, TCFD, and GRI
- Conducted client’s first formal climate scenario analysis to bolster SASB and TCFD reporting and prepare for upcoming SEC disclosure
- Helped client uncover physical and transition risks, and link those risks to future financial performance
With more robust SASB and TCFD disclosure, the company was able to better understand its climate risks and opportunities, boost investor confidence, and defend its position as a sustainability leader in the airline industry. The insights from disclosure also helped inform the company’s short- and long-term strategy for addressing climate issues, especially around pro-climate policy engagement.
Finally, the company saw increased internal morale – the level of disclosure and quality of content assured employees about the direction of the company and authenticity of its ESG claims.