Multi-award-winning sustainability and ESG management and reporting platform FuturePlus partners with CorpCare, an ESG consultancy firm, to bolster its sustainability offering in the Caribbean, a region acutely vulnerable to the impacts of climate change. CorpCare, together with FuturePlus' technology, seeks to revolutionize the approach to Environmental, Social, and Governance (ESG) management by capturing even more data and providing an affordable, robust framework that adheres to the ever-evolving international sustainability regulations and policies. The partnership marks a significant expansion of FuturePlus' services into the Caribbean, leveraging CorpCare's cultural competency and vast local network.
With over 700 islands in the Caribbean rich in natural resources, Jamaican-based CorpCare will use the FuturePlus platform to complement its ESG consultancy. It will help companies focus their sustainability efforts in line with international standards, qualify them, and translate them into a trackable plan while remaining profitable.
FuturePlus stands at the forefront of sustainability and ESG management and reporting, offering a unique platform that makes sustainability management and reporting both accessible and achievable for businesses of all sizes. Renowned for its approach that qualifies, quantifies and tracks both sustainability intent and ambition, FuturePlus serves a global clientele across all industries such as Nobu, Soho House, the ECB, and Lore Group. CorpCare brings its vast knowledge and experience in delivering custom ESG solutions across the Caribbean to the table. With a client base ranging from GraceKennedy, a global food and financial conglomerate, to Ridge Group Investments, a private equity firm based in California, CorpCare demonstrates its ability to tailor its ESG approach to each client.
The global increase in Environmental, Social, and Governance (ESG) regulations requires companies to articulate their impact confidently and substantiate claims with action, data and alignment with evolving standards and reporting obligations¹. As sustainability becomes more embedded in mature markets like Europe and the US, its demand for international trading has meant that emerging markets like the Caribbean also need to govern, manage and transparently report on their progress. Financial institutions such as the Development Bank of Jamaica are advancing the sustainability agenda with its soon-to-be-released climate guidelines to help companies, but currently, businesses have a disparate approach to sustainability with a focus on corporate social responsibility and environmental issues.
CorpCare's ambition is to change this. In order for companies to have meaningful conversations with its stakeholders, they need to be more focused with their sustainability efforts - and thanks to how FuturePlus captures and articulates the data across the five themes, they can be. FuturePlus not only qualifies and then quantifies achievements (what you have actually done) but also tracks ambitions against a timeline (where you want to go and how to get there). This is all benchmarked and linked to over 4,500 international standards, including highlighting the positive impact with the UN SDGs, giving companies the assurance that they will always meet requirements.
CorpCare will use the FuturePlus platform to streamline reporting, improve data capture and accuracy, and deliver deeper insights into ESG performance. CorpCare, through FuturePlus, will implement globally comparable sustainability indicators for all clients, where businesses can conduct baseline assessments, pledge ambitions, and track progress in an accessible and achievable manner, transforming sustainability from a goal to a measurable reality. Most importantly, clients can easily access their FuturePlus report to meet compliance and demonstrate their Actual and Ambition scores where their achievements and ambitions are highlighted - all at the touch of a button on the platform.
Alexandra Smith, Co-founder and Partner at FuturePlus, comments: "Emerging markets like the Caribbean have a place on the international stage, so it's important to us to ensure they meet these standards. By applying international sustainability standards from the start, CorpCare's clients can very quickly achieve governance over their reporting and transparency on how sustainability is managed thanks to FuturePlus' technology - which is particularly important for investors assessing financial risks and opportunities arising from climate change and other sustainability issues."
Ali Matalon, CEO and Founder of CorpCare, adds: "This partnership reflects our commitment to support private sector organizations in addressing the pressing challenges faced by climate change. The Caribbean is confronted by the dual challenge of curbing industrialization efforts while addressing the historical burden of the developed world's industrial advances. It is our job to support companies to grow in a sustainable way for a just future. FuturePlus understands the urgency of these challenges and is dedicated to creating sustainable pathways for businesses in the Caribbean. Together, we will set a new standard for sustainability reporting in the region."
Gail Moss-Solomon, General Counsel and Chief Corporate Secretary, Grace Kennedy wrote in testimony to her working experience with CorpCare: "A great deal of care and effort went into choosing a partner to guide us on our ESG journey as we took the bold step towards making a public commitment to ESG Goals to support the achievement of GraceKennedy's 2030 Vision. CorpCare is absolutely the right partner to work alongside us in our commitment to ensuring we meet our internal goals and publish our ESG report on time and on par with international standards. The CorpCare team has also provided invaluable support to other subsidiaries in the Group and we look forward to continuing our work with them as we collectively commit to embedding sustainability principles into everything that we do."
The FuturePlus platform will be immediately available to CorpCare clients.
Further information can be found here.
