Biba launches ESG guides

In its 2023 manifesto, the trade body committed to creating guidance to help brokers on their ESG journey.

The Financial Conduct Authority called on firms to do more on ESG in February, stressing that businesses must continue to adapt their priorities to meet the changing environmental needs for a more sustainable world.

According to Biba, businesses across the UK, regardless of their sector, are experiencing increasing pressure and scrutiny from stakeholders to show that they understand and are addressing ESG issues.

It worked with law firm Weightmans to show members of all shapes and sizes why it makes good business sense to consider ESG.

Biba confirmed that the online guide will be added to and amended as priorities shift listing that it takes members from appreciating why ESG matters, through setting an ESG plan and objectives to monitoring, reporting and continuous improvement.

Agenda

Steve White, Biba CEO, said: “Discussions about ESG issues are already a fixed agenda item on our boards and incorporate the diverse needs of our members on this subject and we have formulated our own ESG policy. However, we wanted to help any member, whatever their ambitions in this area, with their ESG journey.

“Our aim is to help members understand the direction of travel on ESG and support them in integrating ESG into their businesses whatever stage of implementation they may already be at.”

Tool

Nick Barker of Weightmans added: “Effective ESG integration starts by getting the governance right, this guide provides the tools to lay a solid foundation of ESG governance before exploring specific ESG Stepping Stones.

“Step by step guidance is provided right from initial stakeholder identification to the completion of an ESG materiality assessment through to the implementation of an ESG plan and is a highly useful tool for any firm regardless of where they are currently on the ESG spectrum.”

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