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Future-proofing your business through proactive compliance ​

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CUSTOMER CHALLENGE

Driven by a commitment to stay ahead of the new EU Corporate Sustainability Reporting Directive, Ferrexpo, a Swiss-based FTSE 250 commodity trading and mining company and the world's third-largest iron ore pellet exporter, wanted to undertake a double materiality assessment.​

RICARDO SOLUTION

Ricardo's double materiality assessment, aligned with European Financial Reporting Authority Group guidance, identified a comprehensive range of actual and potential environmental, social and governance impacts, risks and opportunities. ​

Through internal and external stakeholder engagement, Ricardo assessed these impacts and their financial implications, informing the prioritisation of material topics and their seamless integration into client strategy. ​

This approach ensured both regulatory compliance and strategic advantage.​

CUSTOMER BENEFIT

Double Materiality transformed Ferrexpo's approach to sustainability by:​

  • Offering a clearer picture of its full environmental and social impact enabling resources to be allocated efficiently and the development of future strategies that harmonise purpose and profit.​
  • Fostering transparent and engaging conversations with stakeholders, improving relationships and trust. ​

Read more about the work we have undertaken for Ferrexpo.  

Visit our Sustainability and ESG Strategies page to find out more about our services.

Client

Ferrexpo

Start date

05/2023

Location

UK

Sustainability and ESG strategies
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