With concerns surrounding climate change and its impact on the planet being at an all-time high today, environmental sustainability has now become one of the most discussed topics within the boardroom meetings across almost every industry worldwide. Adding on to this is the proactive measures that the government bodies are taking across various countries by rolling-out stringent regulatory policies & frameworks pertaining to sustainability that are mandatory for businesses to comply with. As a result, ESG (Environmental, Social & Governance) is now no longer a secondary function for business, rather a core function that every stakeholder pays close attention to, especially the investors. Thus, we’re witnessing a lot of onus being laid on ESG (Environmental, Social & Governance) by organizations in recent times by making them an integral part of their business practice.
However, this is easier said than done, as successfully traversing through the numerous intricacies around ESG demand niche skills which not all businesses possess. Emerging as the lifesavers in this regard are distinguished consultants such as Schema Sustainability Advisory who, through their vast subject matter expertise and profound industry experience, are handholding businesses across their entire ESG journeys. Schema Sustainability Advisory was incepted in 2007 in Jordan and later in 2019 in the UAE by Maali Khader, Founder & CEO, with a vision to provide effective advisory services that enable businesses to both achieve sustainable benefits and also have a credible impact on the society.
“When we started, people had little to zero knowledge or awareness about sustainability, CSR or ESG. As the first sustainability advisory firm established in the Middle East, we have closely witnessed the market evolve exponentially across different jurisdictions. This has enabled us to remain adaptable to changing market dynamics and cater to every client demand”, says Maali.
Key Areas of Specialization
Under the able guidance of Maali, Schema Sustainability Advisory has evolved into an expert and full-service ESG consultant, with offerings spanning across two major verticals, namely Corporate Governance (CG) and Sustainability. Some of the key services that it offers under CG include Assessment,
Action Plan Formulation, Reporting, Board Structuring, Family Governance and other corporate secretarial services. Similarly, under sustainability, the company’s service portfolio encompasses Sustainability Strategy, Sustainability Reporting, Reputation Management, and ESG Coaching. Most importantly, each of these services are tailor-made as per the clients’ specific requirements to ensure maximum impact for their ESG initiatives.
“We help business across Middle East to cultivate meaningful linkages with their stakeholders and create a positive impact within their society by either building their internal capacity or by being their outsourced sustainability team. Our team of hands-on and socially-responsible experts have extensive experience in local and regional practices, making them well suited to handle our clients more complex multi-jurisdictional needs”, adds Maali.
Schema Sustainability Advisory's ‘glocal’ expertise enables it to craft highly efficient strategies that not only maximize the impact of clients’ ESG initiatives but also ensure that they’re at par with international standards
Razor Sharp Focus on ‘Impact’
Owing to its vast industry experience, Schema Sustainability Advisory is well aware of the importance of the final impact for any ESG initiative. Unlike other firms that only focus on getting the necessary documentations in place for businesses to maintain compliance, Schema Sustainability Advisory's advisory services focus on the impact that the clients’ ESG initiatives can bring about. Thus, each of its services are formulated keeping in mind the final outcome that clients desire to achieve through their ESG. Further, the company’s ‘glocal’ expertise, i.e. global visibility and clear understanding of local practices enables it to craft highly efficient strategies that not only maximize the impact of clients’ ESG initiatives but also ensure that they’re at par with international standards. This way, businesses are now able to go beyond just complying with the regulatory requirements and leverage sustainability as a competitive advantage in the market.
Explaining further, Maali elucidates, “At Schema Sustainability Advisory, we strongly believe that having the right organizational culture is key to being sustainable and thus also provide sustainability coaching for organizations, especially for senior leadership, so that they can integrate sustainability as part of the company’s core function instead of treating it as just a support function. Rather than just advising businesses, we act as sustainability partners for our clients by handholding them through their sustainability journeys. Most importantly, we strive to facilitate genuine buy-in for businesses to invest their resources for sustainability by creating awareness and identifying easy, yet effective objectives that they can achieve and benefit from early on in the process”.
Exploring Beyond Horizons
Till date, Schema Sustainability Advisory has successfully catered to 500+ businesses, trained more than 2,200 individuals and supported over 250 NGOs, thus impacting the lives of 5,000+ people. Some of the prominent clients that it has catered to include Jordan Ahli Bank, Landmark Hotel, Aramex, Lafarge, KADDB Investment Group, Department of Energy (Abu Dhabi), Kuwait Petroleum International, and many others. Going forward, Schema Sustainability Advisory plans to integrate more technology solutions and provide insight-driven strategies pertaining to sustainability while also focusing on creating a strong impact on the society. Further, it also aspires to maintain a competitive edge in the market by staying abreast of the latest market dynamics and enabling its clients to be better equipped to handle any upcoming regulations. Overall, in the next 2-3 years, the company envisions facilitating better structured policies & frameworks, more buy-ins and develop more metrics to assess the impact of its services.
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