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LUXURY SHOULD HAVE THE HIGHEST STANDARDS
The pressure for real change is greater than ever – from consumers, employees, regulators and investors across the globe. We believe luxury should be leading the way. As the sustainability experts for the global luxury industry, we’re raising the bar so our clients can too. Higher and higher standards, shaped by international frameworks and regulations, are driving the necessary change. Higher standards for people, for nature – and for business.
ESG+ 2.0 FRAMEWORK
Positive Luxury’s world-leading framework is built upon the foundation of international agreements, frameworks and standards and is updated every two years – ensuring confidence clients are meeting ever higher standards. ESG+ 2.0 is aligned to the rigorous CSRD adopted by the EU, and reporting frameworks for disclosure such as GRI, SASB, TCFD and TNFD, as well as global goals such as the UN’s Sustainable Development Goals. And our smart platform uses dynamic tailoring to ensure it is always 100% bespoke and relevant for your business size, type and location.
OUR 23 DRIVERS OF SUSTAINABILITY
Our framework assesses 23 drivers of sustainability across four pillars: Governance, Environment, Social and – uniquely – Innovation. Within each driver is a series of questions tailored according to the client’s business size, industry model, activity and locations. For a small business this may result in 250 data points, for a large company 500.
FRAMEWORK OVERLAP
Our framework is not a matter of opinion – it is underpinned by world-leading reporting frameworks, standards and legislation.
CSRD
EU legislation requiring companies to publish regular reports on the social and environmental risks they face, and on how their activities impact people and the environment. ESRS: 1, E1, E2, E3, E4, E5, S1, S2, S3, S4, G1
TCFD
A disclosure framework to support investors, lenders, and insurance underwriters in appropriately assessing a specific set of risks related to climate change.
TNFD
A risk management and disclosure framework for organisations to report and act on evolving nature-related risks.
SASB
Standards to help identify the sustainability-related risks and opportunities most likely to affect financial performance over the short, medium or long term. SASB: CG-AA, CG-EC, CG-HP, EM-MM, FB-AB, FB-RN, SV-HL
GRI
Global best practice for how organisations demonstrate accountability for their impacts on the environment, economy and people. GRI: 1, 2,3, 204, 205, 301,302, 303, 304, 306, 403, 405, 408, 409
ISO
A worldwide federation of national standards bodies promoting the development of standardisation to aid the international exchange of goods and services. ISO: 14001, 45001, 26000, 20400, 50001, 46001
READY FOR REGULATORY CHANGES
As your company grows and the regulatory landscape changes, it can be hard to keep track of what you need to do. Our technical experts guide you through the regulatory landscape, and our platform’s legislation flags notify you of any upcoming legal requirements that might affect your business.
THIRD-PARTY DATA SOURCES
Our ESG+ 2.0 assessment framework draws on external, third-party proxy data sources including the UN Biodiversity Lab, the IUCN’s Red and Green lists, the Responsible Sourcing Tool and the International Labour Organisation. Using these vetted sources helps ‘fill in the gaps’ – giving your business a better understanding of the sustainability risks and impacts throughout its operations.
100% BESPOKE FOR MAXIMUM RELEVANCY & EFFICIENCY
Our assessment framework uses double materiality and dynamic tailoring to ensure it is always 100% tailored for your business size, type, location and activities. This ensures maximum efficiency of your time and resources as well as outputs that are the most relevant for your business.
HOW WE SCORE: POINTS & WEIGHTING
The scoring across the Governance, Environment, Social and Innovation pillars in ESG+ 2.0 is based on a two-part methodology: points first, then weighting.
POINTS
Every bespoke questionnaire has a total number of potential points, according to size and vertical, to ensure that the scoring is fair for big and small businesses alike.
WEIGHTING
Each industry sector has a double materiality matrix with our 23 drivers plotted. Drivers that fall into the upper-right quadrant (high materiality) represent 50% of the total percentage score. The upper-left quadrant and bottom-right quadrant will each represent 20% of the total percentage score, and the lower-left quadrant will represent 10%. We then weigh this against a pre-determined pillar (ESG+) weight to ensure that all aspects of sustainability are fairly represented in the total percentage score.
THE MATHS
Total Number of Points Scored / Total Number of Potential Points
x Driver Materiality Weight x ESG Pillar Weight
SUSTAINABILITY MANAGEMENT, MADE EASY
Our platform is designed to help you get organised, giving you the tools to quickly and easily make a plan, assign tasks, collaborate, take action and measure.
We help you build your very own Integrated Management System, with many answers pre-filled from third-party data, legislation flags and trackers, team task assignment tools, and action planners, diagnostic dashboards and disclosure data.
You gain clarity on which issues to prioritise and tackle first, how to assign budgets and people responsible for the actions you are taking and monitor your progress over time. It’s all in one place – to ensure your organisation’s continual improvement and support communications and reporting. We make progress within sustainability easy.
FIND OUT MORE
Explore our ESG+ 2.0 assessment platform through a video demo