Trialogue provides support on embedding material environmental, social and governance (ESG) elements of sustainable business based on our holistic integrated thinking model. Analysis of a corporate performance against this model assists companies in identifying actions and processes that can be improved to advance internal integrated thinking and ESG performance across the business. The following are our key areas of support:
Trialogue’s integrated thinking framework can be used to assess the status of adoption of integrated thinking within a business. This framework can be applied as a gap analysis tool, based on public reporting, or through additional engagement with a business.
The analysis serves to identify levels of adoption and to frame a roadmap for advancing integrated thinking practices. This can be set out as a sustainability strategy and roadmap, that combines aspirations, priorities, capacity and resources and timelines. It also enables a company to identify ‘quick wins’ and make conscious choices about where practices are to be improved and over what time period.
The tool is ideally applied between reporting cycles, so that year on year tangible gains can be demonstrated. Unless internal practices are advanced, progress in reporting will constrained. Furthermore, preparers of reports will continue to be frustrated in their effort to locate and extract information in accordance with the principles and elements of integrated reporting.
The following are five principles that underpin the framework:
Principle 1: Purpose and strategic ambition
The business has a purpose, informed by the operating context, that reinforces holistic value generation and is aligned to strategic ambition and culture.
Principle 2: Leadership directive
Visibility of leadership commitment to purpose, organisational behaviour change and strategic alignment,
with diverse experience of leadership.
Principle 3: Governance processes and structures
Organisational structures, systems and processes enable the effective delivery of a purpose-led strategy.
Principle 4: Performance metrics, management and assurance
Performance management of targets and KPIs is balanced and integrated to express the holistic and comprehensive performance of the organisation’s purpose-led issues.
Principle 5: Communication and messaging
Communication to external and internal stakeholders offer an accurate, holistic, balanced and integrated view of the organisation’s performance and ability to meet its purpose and create sustainable value over the short-; medium and long term.
The Value Reporting Foundation released prototype integrated thinking principles in 2021, focusing on purpose, strategy, risks and opportunities, culture, governance, and performance. Trialogue’s integrated thinking framework and principles align with these principles, as well as the VRF’s Framework content elements and guiding principles.