Solutions

Sustainability strategy & governance

With a wide range of sustainability issues to consider, it’s essential to focus on those that matter the most. As a responsible business, you’ll also need a clear strategy and a board, executive team and employee base that understands their role to deliver it.

Our Services

We support organisations in designing a strategic plan that incorporates risks, opportunities and stakeholder expectations.

Readiness assessment of current capabilities to address market and regulatory demands by:

  • Understanding current state and capabilities
  • Gap analysis to identify major gaps compared to market trends and regulatory demands
  • Defining a remediation plan and roadmap to implement the required changes

Responsible business strategy

We can help you define your sustainability strategic objectives in order to focus on the sustainability issues that matter the most to your organisation. With our support, you can achieve regulatory compliance, limit your risk and be able to incorporate sustainability in the core business model to chase up the opportunities

Sustainability governance

  • Assist in the formulation of a Sustainability Culture Transformation Plan, which will include recommendations for practical actions and changes that could be adopted by your organisation
  • Design operating models and updated organisational structures, by also advising on the role of the Chief Sustainability Officer
  • Establish and/or update codes of conduct, policies and procedures as well as performance evaluation tools
  • Support in the formulation of a Sustainability Transformation Communication Strategy & Campaign

Integration of Sustainability into the Risk Management Framework (RMF)

  • Identify and prioritise sustainability risks and opportunities       
  • Review existing RMF and update to incorporate risks associated with sustainability 
  • Stress testing - design and quantification of ESG events (incl. climate change) on organisation’s capital and/or liquidity position
  • Assess potential synergies between Sustainability and ERM function

Materiality analysis

We can assist you in identifying the key issues and risks to focus on in terms of environmental, social and governance impacts

Regulatory Advisory  

  • Provide technical update training, including Board sessions, on climate change risks and other emerging issues, as well as any current and upcoming regulatory changes  
  • Provide ongoing regulatory advisory support and guidance in relation to sustainability matters, such as responding to ad-hoc client queries and providing updates in relation to latest sustainability-related regulatory developments   
  • Perform a gap analysis against EU regulatory requirements (MiFID II, SFDR, EU Taxonomy, CSRD, etc.) and other guidance issued from the regulatory authorities (ECB, EBA, ESMA or EIOPA)
  • Design a remediation plan for addressing any identified gaps    
  • Provide support for the implementation of regulatory requirements, such as Loan Granting criteria

Get in touch

Clea Evagorou

Clea Evagorou

Risk Advisory Leader

Clea Evagorou leads the Risk Advisory services of Deloitte Cyprus and is the Risk Advisory FSI Leader for North South Europe. Clea specialises in Banking and Financial Services, focusing on Capital an... More

Panos Theodorou

Panos Theodorou

Director

Panos leads Deloitte’s Business Assurance practice in Cyprus. He has over 13 years of advisory, assurance and audit experience, and in the last few years has been focusing on areas of regulatory chang... More