Analysys Mason assisted one of the largest towercos in the Middle East to develop its sustainability report and update its ESG strategy

The problem

• A large international towerco had developed an environmental, social and governance (ESG) strategy in 2019 and wanted to showcase its achievements in its first annual sustainability
• It engaged Analysys Mason to provide support on these matters

The solution

• The sustainability report was developed based on the client’s data and Analysys Mason’s reporting expertise
• We engaged with the client’s executive team to understand their priorities for sustainability, to ensure they reflected the organisation’s commitments
• For the ESG strategy refresh, we recommended an overarching ESG framework to ensure that our client could take a more holistic approach to sustainability
• We undertook a materiality assessment, which considered a range of factors in order to identify the nine most important initiatives for our client
• Our recommendations included enhanced reporting standards for sustainability, and the strategy refresh included a specific action plan
• For each initiative we created an “Initiative Charter”, which set out the parties responsible, activities over the coming period, and key performance indicators (KPIs) for that initiative

Figure: ESG reporting framework

The result

• The sustainability report was approved by the client’s Board of Directors for publication
• The ESG strategy refresh was approved by the client’s sustainability team, for implementation from 2024