ESG & Sustainability Benchmarking

We’ll assess and report how your organization compares to the competition on ESG & Sustainability.

ESG & Sustainability Benchmarking

We’ll assess and report how your organization compares to the competition on ESG & Sustainability.

What is ESG benchmarking?

Competitive benchmarking helps organizations determine how they compare to their peers on issues of sustainability and ESG. This allows companies to identify areas where they excel and areas that require attention.

Why is ESG benchmarking important for companies to do?

Today, it is critical for companies to track and disclose a range of ESG indicators. Public companies must meet investor expectations and private companies need to meet standards from buyers, board members, and other consequential stakeholders.

Third Partners’ competitive benchmarking reveals where you rank in your industry and how you can take the lead. You will gain actionable insights, even if your company is not currently rated or ranked by large Wall Street agencies.

Benefits of Our ESG Benchmarking

Measure Against Competitors

Compare your organization to peers, competitors and global leaders to see where you stand

Develop an ESG Strategy that Reflects Business Priorities

No more guessing what ESG initiatives will impact your business the most

Identify Risks

Peer insights allow you to identify operational, financial and reputational risks before they impact your brand

Maximize Resources

Know where to focus and invest resources and build internal alignment to move beyond your peers

Third Partners conducts confidential and customized research that becomes your bridge to internal buy-in and improved performance.

Our experts deliver a tailored ESG scorecard that highlights risks and opportunities relative to peer companies and global leaders. ESG benchmarking is often delivered as one module within a broader sustainability opportunity assessment or action plan.

Third Partners conducts confidential and customized research that becomes your bridge to internal buy-in and improved performance.

Our experts deliver a tailored ESG scorecard that highlights risks and opportunities relative to peer companies and global leaders. ESG benchmarking is often delivered as one module within a broader sustainability opportunity assessment or action plan.

How We Deliver ESG Benchmarking Insights that Support Decision Making

1. Collect and Analyze Data

Drawing from a comprehensive set of data sources, we paint a clear picture of how peer companies perform on disclosure and quantitative performance metrics.

2. Assess Performance

Analyzing internal performance assessments, we benchmark your company relative to peers and global leaders on a comprehensive slate of ESG, CSR and sustainability issues.

3. Discovering Insights

Producing confidential, tailored insights allows our team to pinpoint opportunities to holistically reduce risk and leverage competitive differentiators in your market.

4. Communicate Results

Socializing results with your internal stakeholders through custom reports, presentations, and workshops, we will give your company a united understanding of your performance that lays the foundation for your overall sustainability strategy.

Third Partners’ ESG benchmarking can be conducted as a standalone study, or integrated into a strategic action plan.

Third Partners’ ESG benchmarking can be conducted as a standalone study, or integrated into a strategic action plan.

ESG Benchmarking Case Study: KB Home

KB Home, a homebuilding company long recognized as a leader in sustainability and ESG within their industry, engaged Third Partners to assess its current performance, identify gaps and opportunities, and recommend how to take their sustainability program forward over the next decade. To meet those goals, Third Partners conducted a tailored benchmarking exercise assessing KB Home and its peers across 36 ESG metrics. We then identified steps for improving the company’s performance on each metric through a custom maturity model. Additionally, our team developed six key areas of opportunity across ESG that would build upon KB Home’s 15 years of high performance in sustainability and ensure they remained a leader within the homebuilding industry and beyond.

ESG & Sustainability Benchmarking FAQs

Competitive ESG benchmarking assesses your organization’s sustainability performance against industry peers. Third Partners gathers data from a variety of sources, applying proprietary frameworks and advanced tools to analyze your ESG standing. This process identifies strengths, weaknesses, and key opportunities, culminating in actionable insights presented in a detailed report.

Benchmarking with Third Partners is crucial because it reveals your competitive position in the evolving sustainability landscape. It helps you identify where you excel and where you can improve, guiding strategic decisions. It leads to brand image enhancement focused on investors, customers, and talent by demonstrating transparency and a proactive commitment to ESG, vital for sustained growth.

Third Partners serves clients across a wide array of industries where sustainability is a component of quality, value, and performance. Benchmarking provides insights to organizations navigating changing regulations, facing ESG-related investor requirements, or responding to consumer expectations on sustainability. Third Partners has successfully guided clients on their sustainability journey across the following industries: technology, financial services, manufacturing, energy, consumer goods, healthcare, and retail.

Hiring Third Partners for benchmarking offers specialized expertise that goes beyond publicly available data. Third Partners utilizes proprietary frameworks, industry-leading tools, and the ability to collect non-public information. This ensures a more objective, comprehensive, and actionable analysis, giving you deeper insights and a distinct competitive advantage that self-service public data often cannot provide.

Third Partners’ benchmarking process offers specialized expertise exceeding public data. Unlike standard reports that lack internal context, Third Partners employs proprietary methods – with selective interfacing with your team – to analyze not just performance (“what”) but also its drivers (“why”). This delivers a more objective, comprehensive, and actionable analysis, providing deeper insights and a competitive edge unavailable through self-service data. Third Partners’ benchmarking serves as a foundation for meaningful business improvement.

Benchmarking services typically work best when combined with a broader scope of services, e.g. a strategic roadmap, materiality assessment, or strategy refresh. As a standalone service, benchmarking fees range from $12k to $30k depending on the complexity of your business and industry. When combined with For a detailed proposal including required client inputs and deliverables, please reach out to us here.

ESG benchmarking from Third Partners allows you to strategically and confidently highlight your sustainability leadership and performance relative to your peers. By knowing your competitive advantages – and blind spots – you can showcase your strengths and keep working in the background on areas for improvement. This improves your position with ESG-focused investors, customers, employees, and bolsters your internal and external commitment to responsible business.

Third Partners’ ESG benchmarking utilizes a variety of data sources. This includes publicly available information from your annual reports, company websites, and investor relations materials. Additionally, non-public data, likely gathered through direct engagement with your team, is collected to ensure a thorough and accurate assessment of your sustainability performance.

Third Partners assesses your organization’s performance on material issues as compared with your direct competitors, organizations you admire, and organizations we’ve curated over the years that project best-in-class sustainability programs. Third Partners strives to provide a competitive set of comparable companies within your industry or sector, considering factors such as size, business model, market positioning, and geographies served.

Third Partners’ benchmarking process utilizes both public and non-public data. This means your team will likely need to provide policy documents, internal insights (usually gleaned during a lightweight interview process), high-level operational metrics, and other relevant non-public background information. This collaboration ensures a comprehensive and accurate benchmark tailored to your specific context.

Third Partners’ ESG benchmarking output includes a comprehensive report, a presentation, and a data summary. Together, this deliverable set provides you the detail needed to gain objective, actionable insights into your ESG performance, identifying strengths and weaknesses. This informs strategic decision-making, helping you refine your sustainability strategy and improve communications with stakeholders.

Given the rapid evolution of ESG trends and competitive landscapes, many organizations find it beneficial to refresh their benchmarking insights once every 2-3 years to ensure their strategy remains current and competitive.

Third Partners’ ESG benchmarking significantly enhances your sustainability strategy by providing a data-driven understanding of your current performance against peers. It pinpoints areas of excellence and opportunities for improvement, enabling you to prioritize initiatives effectively. This insight ensures your sustainability efforts are targeted, competitive, and aligned with both market expectations and best practices.

Contact Third Partners to get started with your organization’s ESG and Sustainability Benchmarking

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Additional Advisory Services

Materiality Assessment

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Internal Alignment

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Governance

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Action Plans

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