Trapper has announced a strategic partnership with Ikano Insight to provide consultancy and advanced analytics services for ESG-centric transformation practices. Both companies will jointly provide expertise such as machine learning and IoT practices for tracking and optimisation, big data analytics and visualisation, sustainability framework and measurement consultation, as well as internalisation and go-to-market strategies.
This will enable and empower businesses to evolve their sustainability practices in order to meet internal ESG targets in a transparent, accountable, and accurate manner using data.
Sustainability and ESG practices are currently a hot topic amongst businesses and investors. While sustainability maturity differs by company and country, there have been independent audits proving that companies performing ESG practices have higher financial growth and optimisation, lower volatility, higher employee productivity, reduced regulatory and legal interventions, improved top- line growth and ultimately, reduced costs.
The Malaysian government has announced its ambition to achieve carbon neutrality by 2050, as detailed in the 12th Malaysia Plan (2021-2025). The recent 2023 budget is also evidence of the country’s keen efforts to drive a concerted approach in developing a high level of green commitment and investment.
However, as more businesses come to recognise the significance of this milestone, many do not know how or where to begin. “ESG is indeed the flavour of the month. Bank Negara announced 3 years ago that approximately 11.7% of the assets held by financial players in Malaysia are in sectors potentially exposed to climate change.
Many companies are marketing themselves as ESG practitioners because of oncoming financial pressures. However, in their haste to go to market with ESG messaging, brands do not realise that they are greenwashing and we’ve seen public backlash from well-intentioned campaigns,” said Sue-Anne Lim, CEO of Trapper Group.
As part of the business community, Trapper sees the opportunity to both grow and contribute to this space, by way of consulting and marketing services that help companies embark on a true transformation.
“We want companies to walk the talk with a specified timeline. Ikano Insight specialises in advanced retail and sustainability analytics, supporting businesses such as IKEA for over 10 years. They are the perfect partner because data-first sustainability practices are in the DNA of the Ikano Group.
Their expertise in operational transformation using data insights is second to none. Together, we are able to onboard clients to a clearly defined sustainability plan that is measured and transparent, ensure corresponding cultural transformation to drive internal accountability, and last but not least, empower them to go to market responsibly to achieve the intended growth,” she added.
ST Chua, Ikano Insight’s Regional Director of Southeast Asia said, “There are two parts to a successful ESG plan — one is having the right goals and measurement, and the other is a strong change management plan. Ikano Insight harnesses data, technology and advanced analytics to define, measure, visualise and deliver actionable insights for businesses to know how every part of the business is doing against its target.
We see Trapper as a complementary partner to offer a holistic change management plan for clients”.
Trapper is an integrated marketing and media company that provides growth solutions to businesses and brands. Its areas of expertise include but are not limited to marketing consultancy, digital and social media marketing, and integrated media planning and buying services.
Ikano Insight is a data-driven customer insight, advanced analytics, and sustainability agency, from the founder of IKEA. Its mission is to deliver business transformation by transforming complex data into high-value, actionable insights against clients’ objectives.
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