Sustainability is no longer a ‘nice to have’ option for businesses, it is in the core of the business strategies for future and an elixir to long term success.

It has become a core function of the Board of Directors of organisations and at Grant Thornton Cyprus we are here to help you integrate Sustainability in your strategies, with top industry professionals, always acting with diligence and professionalism.

There is an increasing number of regulations and more legislative and non-legislative initiatives at EU and international level are developed and deployed in regard to:

  • revising and transforming their business strategies aiming to provide sustainable outcomes
  • improving the quality of disclosed sustainability information via the creation of reporting guidelines/standards so that sustainability performance is more accurately and consistently communicated
  • integrating financial reporting with non-financial reporting
  • assisting financial institutions and investors make investment and business decisions incorporating Environmental, Social and Governance (ESG) criteria
  • promoting net zero emissions, energy efficiency, circular economy, and other sustainable practises
  • providing financial and non-financial aid to assist governments and organisations invest in sustainable technologies and practises.

You have the option to act proactively and lead the way for sustainability in your industry or wait until later.

There is however, a cost of inaction which can take the form of:

  • regulatory non-compliance
  • inability to compete in the market
  • ineffective resource allocation
  • increased operational costs in the long run
  • struggle to obtain finance and attract investors
  • weak brand value and reputation
  • difficult to attract and retain talents.

Our Sustainability Services

Sustainable Strategy and Capacity Building

Our sustainability experts can help your company build a sustainable strategy by preparing a business case to ensure stakeholder and management buy-in, helping you prioritising focus areas based on your specific markets and value chain, building the right targets and measurable KPIs building the right partnerships with key stakeholders, finding the right metrics to evaluate the process and showing you how to be transparent with consumers about the company’s sustainability progress.

Main service components

  • sustainable strategy development
  • sustainable strategy audits (ESG audits)
  • seminars & training programs.


Sustainability Reporting

Through sustainability reporting, our sustainability experts can help your company improve its corporate reputation, build consumer confidence, increase innovation and improve risk management by acting proactively. It will also help you better understand the opportunities and risks your organization might face and thus, enhance your competitive advantage.

Sustainability reporting improves your brand’s image, boosts your employees’ morale, enhances your business’ ability to comply with EU laws, and reduces the risk of governance and environmental failures.

Main service components

  • sustainability reporting (GRI, UNGC, ISO 26000)
  • non-financial reporting
  • materiality assessment
  • double materiality assessment
  • setting KBIs and KPIs
  • sustainability reporting assurance.
Sustainable Supply Chains

To provide a sustainable outcome, it is not sufficient to act within the walls of your organization. Sustainable operation also means a sustainable supply chain.

We can provide expert support and state of the art e-tools for the evaluation and improvement of the sustainability parameters of your organisation’s supply chain. This may involve training programs for your vendors, assessments and audits (remote or physical), online ongoing monitoring, rating and improvement follow up of your supply chain with a state-of-the-art rating and monitoring platform.

Main service components

  • supply chain sustainability ratings
  • green supply chain reports
  • green supply chain assurance
  • green supply chain audits.


Sustainable Financial Sector

Our sustainability experts can provide you with a personalised approach to your ESG and EU Taxonomy due diligence and valuation, looking at the actual risks identified in your company’s screening assessment. We can also help you integrate ESG into your business strategy, identify your material topics, understand your ESG ratings, align to global & regulatory frameworks and strive for ‘investment grade’ data. As ESG targets are met, green loan’s contractual cash flows (interest) will be adjusted accordingly, and contractual interest rates will be reduced for your company. Along with Grant Thornton’s risk services, we can help you introduce ESG criteria in the risk models of your portfolio of investments.

Main service components

  • sustainability risk management
  • review client investments from a sustainability perspective
  • ESG due diligence
  • ESG performance support
  • taxonomy obligations
  • sustainable accounting
  • green bonds (sustainability finance from the markets)
  • green lending (sustainability linked loans).


Sustainability Ratings

Our sustainability experts can support your company prepare and achieve outstanding ESG ratings by carrying out internal screening and gap analysis, identify the quick wins and recommend long-term projects, fix the identified gaps, set up an ESG governance structure and select the ESG rating provider. However, Grant Thornton Cyprus sustainability team offers its own rating solution on which you can subscribe to be rated. The same tool offers a complete solution for ESG indexing and publishes ESG ratings for the companies registered on its indexing platform.

Main service components

  • ESG rating services
  • ESG rating support
  • ESG index publication.
Climate Change

You can transform your business into climate positive business, contribute to the carbon neutral targets and get national support. We are in a climate emergency, and we are all responsible for helping to solve the immense challenge of limiting warming to 1.5°C. If all businesses adopted the correct policies and initiatives, this could cut global emissions and make a huge impact to meet the 1.5°C target set by the Paris Agreement. In addition, consumers are more selective and prefer environmental responsible companies. 

Main service components

  • National Support Scheme proposals for GHG emissions reduction
  • preparation of GHG Baseline Emissions Inventory for businesses
  • business GHG emissions Action Pan Preparation
  • in-house training programs
  • climate change audits.
Circular Economy

Support your business for circular economy transformation. Benefit from circular practices and increase the environmental performance of your business. Our high-quality consulting services provide a wide range of solutions to transform your business to circular business, to measure and monitor performance in the context of Circular Economy.

Main service components

  • National Support Scheme proposal for Circular Economy
  • business circular economy diagnostic services
  • business tailor made circular economy coaching
  • provision of in-house training programs
  • development of KPIs for circular economy for your business.
Energy Management

Many companies have started implementing actions to reduce their energy consumption due to rising costs and/or public pressure to reduce environmental footprints. Our consulting services take into consideration the “energy efficiency first principle”, help clients assess the current status, identify quick wins and medium and longer-term improvements, develop a comprehensive energy strategy, while benefiting from available state support schemes.

Main service components

  • business advice on energy market (Gap Analysis, Feasibility Studies etc.)
  • licensing of large-scale alternative fuels projects
  • evaluation of energy projects
  • feasibility studies for energy projects
  • support scheme for energy efficiency in buildings and processes
  • electric vehicles support scheme
  • renewable energy resources
  • Environmental Impact Assessment Studies for energy projects.
European Programmes

We can explore the relevant funding schemes, identify suitable grants to transform your idea into funded project. EU/National funds are only awarded to partnerships that make applications which meet all the necessary eligibility requirements and which are evaluated to be of the highest quality. Our experience team can support not only the proposal preparation stage, but also reporting on the use of EU funds and ensuring compliance to EU procedures and effective project management. 

Main service components

  • preparation and submission of proposals to EU and/or national funding Programmes
  • management of projects (technical/financial).