Building lasting value through responsible business practices
The Middle Way Pty Ltd is a specialist, independent consultancy that assists clients in commerce and government across Australia to:
- identify and prioritise their environmental, social and governance (ESG) issues when developing their business plans;
- analyse the implications of relevant ESG laws or policies from government or relevant industry bodies;
- develop non-financial performance indicators for their core activities and assets, and benchmark them against international frameworks;
- disclose relevant non-financial information on the performance of their organisation.
Enhancing corporate reputation
Organisations that voluntarily disclose relevant non-financial influences on their performance have been shown to improve their credibility with their investors, customers, suppliers and corporate regulators.
Many of these stakeholders reasonably seek timely assurances about the organisation’s ongoing capabilities or its environmental impacts, and especially its resilience during times of change or high-risk circumstances.
The latter is particularly topical. An enormous global effort is underway to respond to two immediate force majeure threats, namely the COVID-19 pandemic and climate change. Together they are having a global impact that is unprecedented in its creation of a socio-economic and environmentally challenged world.
Each presents its own set of risk for all organisations – the pandemic as an immediate public health and economic crisis; and climate change that is driving a progressive and fundamental alteration to the existence of life on the earth.
To be successful, organisations in all industry sectors now need to adapt to the consequences of both threats. They also communicate strategically about how they are responding if they are to ensure their viability in both the short and medium timeframes.
We work with clients to identify pathways for designing and implementing measures to address the specific ESG challenges they face.
The process identifies the steps they need to take for their activities to be conducted in a socially responsible manner. It also provides the opportunity for them to discuss how they are maintaining the flexibility needed to address emerging and unanticipated challenges.
Each sends vital signals to investment houses that conduct assessments to minimise their exposure to potential non-financial risks of value destruction in the supply chain of firms seeking their capital.