LRQA launches ESG strategy

LRQA has launched its new sustainability programme, outlining its internal ESG commitments over the next seven years, along with performance metrics.

Informed by more than 1,500 LRQA colleagues in more than 160 countries, Our Planet, Our Plan is rooted in seven core commitments aligned to the UN’s Sustainable Development Goals of governance, community, environment, equity, safety, inclusivity and education, each with their own performance metrics.

Ian Spaulding, CEO of LRQA, said: “I’m thrilled to share this next phase in LRQA’s growth journey. But this is not just about us, Our Planet, Our Plan is a seven-year action plan that will help shape a better future for the next seven generations and beyond. As a company that drives transparency and transforms sustainability commitments into robust, measurable outcomes for our clients, we also hold ourselves accountable to the highest ESG standards. Beyond words, we will deliver meaningful action and will be as scrupulous with ourselves as we are when supporting our clients by designing their programmes or validating their sustainability commitments.

“Third-party verification of sustainability data and claims, such as compliance and materiality assessments, will continue to grow in importance as more data-empowered legislation frameworks are implemented worldwide. We will measure, score and externally verify every indicator in our own sustainability strategy, publishing our progress with full honesty and transparency, including when we fall short.”

Ben Western, LRQA head of sustainability added: “There is growing recognition of the global challenges faced by society and crucially, the impact of these challenges is bigger than one country, one government, or one company. Motives for addressing ESG issues may vary between organisations, but whether it’s in response to global warming, social inequality or safety in the workplace, there is rightfully a greater expectation on how companies should manage, direct and govern their every decision. Financial institutions and governments have also introduced new regulations and legislation on ESG performance disclosure, that require companies to proactively take responsibility for themselves and their supply chains.

“By engaging with ESG principles and data, they can build trust through being transparent with stakeholders and, ultimately, ensure that their company is recognised as taking responsibility for their impact on their customers, communities, employees and the planet.”

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