ESG in sports: Assessing maturity for a sustainable future
The sports sector is increasingly recognising the significance of sustainability factors in shaping its future. As climate change and environmental issues become more pressing, organisations should assess their environmental, social, and governance (ESG) objectives. This helps them identify areas for improvement and align with best practices.
Understanding your ESG position is essential. It is important not only for regulatory compliance but also for fostering responsible investment and sustainable development.
Marsh's ESG due diligence service can help
Marsh’s ESG due diligence service offers a comprehensive framework for assessing ESG maturity. This service helps organisations navigate the complexities of ESG compliance and risk management, ensuring alignment with evolving regulations such as the Sustainable Finance Disclosure Regulation (SFDR).
Key benefits of Marsh’s ESG due diligence service:
1. Identifying ESG risks
By evaluating potential environmental and social risks, organisations can better understand their exposures, enabling targeted strategies for mitigation and improvement.
2. Enhancing ESG performance
The diligence process provides insights into an organisation’s current ESG performance. It enables benchmarking against industry standards and helps in setting realistic, achievable goals.
3. Strengthening governance
Effective governance practices are essential for managing ESG issues. Marsh’s service helps organisations implement robust governance frameworks that promote transparency and accountability.
Why understanding your ESG position matters
Assessing your ESG maturity is important for driving sustainable growth within the sports sector. It enables organisations to:
- Improve stakeholder engagement. A clear understanding of ESG matters enhances communication with fans, sponsors, and investors, and other stakeholders, fostering trust and loyalty.
- Reduce environmental impact. Identifying areas for environmental improvement allows organisations to implement strategies that lower carbon emissions and enhance sustainability.
- Align with global standards. Aligning standards can enhance partnerships and collaboration opportunities.
- Stay ahead of regulations. Staying informed about evolving ESG regulations can help organisations remain compliant and proactively manage ESG-related issues.
Evaluating ESG factors and due diligence process
Assessing ESG maturity is essential for sports organisations aiming for sustainable growth. By leveraging Marsh’s ESG due diligence service, organisations can gain valuable insights into their ESG position, enabling the development of effective strategies that drive responsible investment and enhance stakeholder engagement.
Embracing ESG in sports not only contributes to a sustainable future. It also positions organisations as leaders in the industry, ready to tackle the challenges of climate change and environmental stewardship.
If you have any questions or want to get in touch, please speak to your Marsh advisor or email marshsport@marsh.com.
