Governance

An organisation’s internal policies, structure, leadership, decision-making processes are all encompassed by governance.

Good governance ensures shareholders maintain confidence in the organisation, the market valuation of the company will keep increasing and ensures regulations are reliably and consistently met.  Alternatively, poor governance can lead to financial loss, exposure to legal issues and stifled innovation leading to stalling and possibly regressing, financial growth.

The importance of an organisation’s long-term success relies massively on governance and so should be prioritised in conducting business activity.

Read more about how Triangulate can aid you in improving your awareness surrounding governance and the improvements we can provide for your company.

Corruption’s effect within a company has massively negative widespread impacts both within and outside a company. Causes and developments of corruption within an organisation may be difficult to spot and this difficulty is caused by a lack of transparency.

Ensuring transparency throughout an entire organisation roots out any chance of corruption developing. This multifarious problem is not unsolvable, however, to avoid taking costly measures to solve these problems, ensure proper standards are set out from the beginning.

Triangulate can direct the implementation of these sure-fire measures, massively improving your company’s governance and social responsibility.

Social Accountability International provides an internationally recognised certification ensuring others of your social accountability highlighting your effective governance.

Attaining this certification shows you demonstrate accountability through every layer of your organisation, supporting the corporate vision that every company aims to achieve. Displaying this certification enhances your reputation to stakeholders and consumers. This leads to greater engagement, fostering trust and collaboration within your organisation.

An advantage over competition is gained from this certification because in today’s world, reaching high standards of responsibility is fundamental to success. Allow Triangulate to streamline your process of getting certified as we analyse your governance strategy, looking for areas to optimise, better aligning your organisation with the demands of the SAC.

Global Reporting Initiative is an independent organisation helping businesses take responsibility for their impacts.

Sustainability Accounting Standards Board aligns the mindset of businesses and investors on all the economic impacts of sustainability.

These two organisations are sustainability standard-setters and their influence on verifying and publicising the sustainability of companies is growing dramatically. Their standards are mutually supportive with their different agendas acting complementarily to each other, setting sustainability standards.

The GRI standards take focus on the economic, environmental, and social impacts of a company, whether positive or negative, and its consequent contributions to sustainability. SASB focus more on identifying sustainability-related risks, which could potentially make a company vulnerable to financial losses. By incorporating advice and analysis from these assurances, your company will see improvements in its current and future valuation which will result in a greater generation of investor interest.

This standard provides guidance for your company towards the development of an environmental management strategy.

It provides other organisations with assurance of commitment to your impact across all spectrums of ESG. Moreover, the standard itself simplifies the process of developing your strategy by implementing a five-stage plan. The plan leads to the development of your standards to be advanced enough to receive ISO 14001 certification.

The benefits of an effective management strategy include greater compliance with regulations which both attract investors whilst also reducing the risk of receiving fines for slipping sustainability and responsibility standards. Moreover, the strategy allows you also to reduce cost and waste due to the guidance provided by BS8555.

The GDPR is the strongest online security law in the world. It defines the rights of the digital age, regulations surrounding processing data, ensuring compliance with said regulations and carries out the enforcement of sanctions for those in breach of the GDPR.

Ensuring your company’s activities do not result in you breaching these regulations is the expected minimum. Their strictness makes this surprisingly challenging and requires significant understanding and awareness of what to do and what not to do. In this situation, consultancy can be dramatically helpful in mitigating risks that could result in serious trouble.

This consultancy can be provided by Triangulate, where we carry out risk assessments on your activity and highlight areas where you could be or already are in breach of the rules. This assistance could be the difference between a thriving company displaying successful governance and another company suffering significant sanctions resulting in major losses, both financially and in stakeholder interest.

Sustainable development goals are a collection of 17 global goals that governments aim to achieve by 2030. This necessity and soon-coming deadline means governments are prioritising achieving these initiatives more so than ever previously.

This prioritisation can be seen in the alleviation of different taxes and regulations to promote the development of industries in the sectors involved in the SDGs. Stretching from zero hunger to responsible consumption and production, the goals encapsulate the aims of corporate sustainability too.

Subsequently, by openly cooperating with the demands of the SDGs, your company will be deemed more sustainable and actively engaging with sustainability on a global scale, rather than just in the corporate world.

Triangulate can provide advice as to how to incorporate the SDGs into your business plan seamlessly, without diminishing any current activity and selecting the optimal goals, most relevant to your business.

This globally leading piece of legislation was enacted by the UK Government, combatting modern slavery through a series of legislations.

It incorporates non-consensual labour, ensuring the good health and well-being of all employees and demolishing any business activity which exhibits exploitation.

Exploitation is defined as a person being subject to any of the following: forced labour, sexual exploitation, removal of organs, securing of services through threats, deception or force and from children or vulnerable persons.