ESG Consultancy

Strategist

What is ESG?

ESG is a framework that helps and enables both stakeholders and shareholders to understand how an organization or a company is managing risks and opportunities related to environment, society and governance. It acknowledges that the effect a business has on its community and surroundings in a wider sense is not only financial, but also environmental and society-related and measures this impact. Only by taking these aspects in consideration in their day to day operations and being conscious about the nature and degree of impact they generate in that respect, businesses can claim that sustainability is incorporated in their business model. The European Union has been issuing directives that govern this area of business for a while now, especially since the introduction of The Green Deal, making them mandatory for certain market participants.

ESG as a business opportunity

ESG factors are crucial for a company’s long-term success and failing to adhere to these standards and excluding them from the business model entails undertaking risks and missing out on opportunities that are future-oriented and sustainability driven. We have increasingly seen our clients, especially subsidiaries of big international corporations, reaching out to us to support them in shaping up their ESG strategies, in accordance with the relevant EU directives.

Building long-term value and uncovering new opportunities

As a sustainability consultancy, we help our clients in Montenegro and the Western Balkans region develop and implement their ESG strategies and produce reports that are specifically tailored to the context and objectives of their businesses while at the same time meeting the criteria of the relevant EU directives. Furthermore, we support organizations in managing their sustainability and ESG challenges with innovative, creative and effective tools that deliver results by developing strategic responses to build long-term value and uncover new opportunities.

Our team of ESG experts is led by Marija Raspopović and Katarina Milačić and includes external experts in the fields of construction, energy efficiency, water management, tourism, finance and data analytics.

We work with companies and organizations who:

  • Are a part of big multinational companies and are required to report on country-specific ESG matters
  • Want to develop a strategic and planned sustainability approach based on business risks and opportunities, but are unsure how to start the process
  • Have in place sustainability/ESG/CSR initiatives, that are not adequately coordinated and are not yielding satisfactory results
  • Get support in communicating the progress made in a structured and coherent way
  • Are looking to take part in creating or co-creating ESG relevant policies and frameworks.
  • Need to align their ESG initiatives with evolving global regulatory requirements and stakeholder expectations.
  • Aim to foster transparency and accountability by embedding ESG principles into their governance framework.

 

What can we do for you?

  • Create strategy in close coordination with the company’s and organizational leadership, including a materiality assessment.
  • Lead and conduct the process of engaging the stakeholders. 
  • Identify and prioritize ESG issues relevant for the company/organization.
  • Examine issues in the context of global trends.
  • Define activities, goals, targets and KPIs.
  • Provide support in the implementation phase.
  • Educate and empower the team in order to champion sustainability.
  • Policymaking, monitoring and assessment of the evolving ESG landscape.

Marija Raspopović has worked on numerous green and circular economy projects as well as executed different CSR efforts into practice. She participated in the development of the Roadmap Towards the Circular Economy in Montenegro and its Action Plan, which screened opportunities and defined priority areas for circular economy transition in the country, and the Strategy of Circular Transition of Montenegro. Throughout the stages of development and implementation, Marija collaborated closely with a wide array of stakeholders from both the private and public sectors, civil society, as well as the research and education sectors. Furthermore, Marija actively participated as a member of numerous national and regional working groups and task forces dedicated to advancing sustainable practices in these areas. Marija successfully completed the University of Cambridge Business Sustainability Management course and is certified for sustainability reporting and GRI standards by the Global Reporting Initiative (GRI).

Katarina Milačić has been assisting Montenegrin companies, both foreign and domestic, in developing and implementing their CSR strategies for the past eight years. In 2022, Katarina achieved a significant milestone by successfully completing the University of Cambridge Business Sustainability Management course, where she received an “excellent” grade for her outstanding performance. She is also certified for sustainability reporting and GRI standards by the Global Reporting Initiative (GRI). Also, Katarina presided over ESG Committee at the American Chamber of Commerce in Montenegro.