Time For Profound Change
A New Era
In a transformative era, businesses confront challenges like environmental degradation, social disparities, and resource scarcity, prompting a strategic pivot towards sustainability. This shift moves focus from short-term profits to a broader commitment to environmental and societal well-being through sustainable practices.
Business Boost
Research shows that sustainability-focused organizations are more resilient to future uncertainties, including economic, environmental, and social disruptions. Success depends on fully integrating sustainability principles, from strong risk management to compliance with environmental and social standards.
Our Ambition
Radial pledges to set a new standard in the consulting sector by championing environmental, social, and governance (ESG) monitoring and disclosure.
Sustainable Finance Consulting
Foundation
Launched in April 2022, we are committed to integrating climate, societal, and enduring values into our strategic decisions. Despite the challenge of measuring ESG KPIs, our early adoption positions us to navigate these complexities effectively.
ESG Focus
Our ESG materiality analysis identifies key issues, guiding our actions for both business and community impact. Leveraging financial skills and Power BI, we’ve developed an automated ESG Controlling & Reporting system, enhancing collective data efforts within our ERP and Office 365 setup.
ESG Goals
Aiming for net-zero emissions, we focus on reducing emissions per employee. We support our team’s growth and well-being, ensuring client satisfaction, and adhere to governance standards like anti-bribery, cyber security, and fair pay.
Our Sustainability Goals
We promote healthy lifestyles and well-being for employees and through client engagements.
We foster workplace diversity and support gender equality in business practices.a
We support educational initiatives and offer skill development and training services.
We enhance sustainable economic growth and decent work conditions in consulting and client businesses.
We advise on sustainable innovation and efficient infrastructure in client projects.
We work towards reducing inequalities within the firm and in advisory practices for clients.
We guide businesses in sustainable production and consumption practices.
We promote climate resilience and low-carbon strategies in all sectors.
Materiality Assessment
Our Key ESG KPIs
Individual Coaching
Employee Satisfaction
Training and Education Hours
Gender Distribution
Gender Pay Gap
Employee Satisfaction
Management Pay Ratio
Client Satisfaction
Code of Conduct
Donations
Gender Distribution
Management Pay Ratio
Total Scope I – III Emissions
Emissions per FTE
Total Scope I – III Emissions
Emissions per FTE
Environmental
Governance
ESG & Risk Management
Sustainability issues are firmly anchored in our corporate strategy and decisions. We have implemented risk management practices to identify, assess, and manage corporate risks continuously. Legal regulations and internal guidelines are strictly adhered to. This is supported by a money laundering check for every new client and following the highest data protection and cyber security standards.
Salary Transparency
The salaries of employees and the remuneration of management can be viewed transparently on our intranet. A disclosure agreement is signed as part of the employment contracts. The management pay ratio amounts to 2.2 as per 31 December 2023.
Outlook
At A Glance
We at Radial understand the profound impact that businesses can have on shaping a sustainable future. Our commitment to the SDGs is integral to our consulting practices, guiding us in fostering innovation, promoting equality, and driving sustainable economic growth. Despite being a small firm, we are dedicated to making a big difference, proving that size does not limit impact.
Green Policies
We are committed to integrating sustainable practices across all business operations, emphasizing renewable energy use, waste reduction, and eco-friendly materials procurement.
ESG Consulting
We provide expert ESG consulting, enabling companies to deeply integrate sustainability within their strategic and operational processes, through detailed assessments, strategic guidance, and hands-on support for implementing responsible and sustainable business practices.
Social
Gender Distribution
In terms of gender distribution, the gender quota improved to 77% men (8) (PY: 80% (4)) and 23% women (3) (PY: 20% (1)). This shift not only reflects our commitment to creating a balanced workforce but also highlights our efforts in fostering an inclusive environment where talent thrives regardless of gender.
Gender Quota in FY23 (in Headcount)
Legend:
Gender Pay Gap
There is no gender pay gap due to our internally fully transparent and rank-dependent salaries for all team members. This policy ensures that pay is commensurate with role and performance, not gender, contributing to a culture of fairness and equality.
Diversity
As a member of Charta der Vielfalt, we promote the recognition, appreciation and integration of diversity in our business culture.
Client Satisfaction
Client satisfaction is one of our central KPIs, also in the context of our team incentive system. In client satisfaction, we achieved an average rating of 4.9 out of 5 stars based on a total of 14 projects rated by clients in FY23.
Overall Client Satisfaction in FY23 (based on 14 ratings)
Team Member Satisfaction
We achieved 5 of 5 stars in employee satisfaction. Around 45 hours per FTE were invested in Learning & Development. Every team member has access to individual coaching, promoting mental health and personal development. Through our benefits with Belonio (“Deutschlandticket” and lunch subsidies), as well as Wellpass allowing access to various gyms and wellness centers, we foster a sustainable way of travelling and physical health for our team members.
Overall Team Member Satisfaction in FY23 (based on 8 ratings)
Charity
In FY23, Radial did not invest time from the team into charitable projects, mainly due to high team utilization and not available capacities. In FY 22, Radial team members invested 114 hours on charitable projects, mostly the Learning Lions initiative initiated by Prince Ludwig von Bayern.
Donations
Radial (including team members) donated a total of EUR 4,525 (PY: EUR 2,427) to charitable organizations as per the Radial Pledge.