ORCODA: An ESG Commitment

ORCODA (ASX:ODA), an intelligent technology solutions company with a market cap of $24m and 2000 shareholders, has recently committed to environmental, social, and governance (ESG) reporting in 2023. The company has begun ESG reporting by making disclosures against the World Economic Forum (WEF) Stakeholder Capitalism framework.

ORCODA's commitment to ESG reporting is part of a broader effort to integrate sustainable practices into the company's operations. The company has committed to a set of standard metrics, including governance, planet, people and prosperity. To achieve these goals, ORCODA is implementing many initiatives, with a major effort to build legitimate ESG credentials with their initial disclosures and reporting.

"We greatly value ESG considerations as they enable us to better identify material risks and growth potential, leading to better-informed decisions and business outcomes." Geoff Jamison, MD of ORCODA

ORCODA + InvestorHub: Stakeholder Engagement

The company adopted a strategy for stakeholder engagement as part of its broader ESG efforts. ORCODA recognised that engaging a diverse set of stakeholders interested in or directly affected by its business and services is key to its governance framework. They identified a need for a tool to manage and engage their growing shareholder base.

The solution? InvestorHub.

InvestorHub allows companies to optimise their shareholder engagement, and better understand their wider investor community. InvestorHub provided ORCODA with a simple and interactive investor relations platform, the Investor Hub. 

The ORCODA Investor Hub provides a central location for investors to view, interact with, and question company content like ASX announcements. Investors can also stay up-to-date with company updates like their ESG Reporting, and any future non-ASX news.

"ORCODA is thrilled to be using InvestorHub's new activity updates feature as a part of our commitment to transparency. We have already announced our ESG Report on this platform, and plan to further open the lines of communication by uploading video interviews, articles, and other content that speaks directly to our shareholders and potential investors. We believe that this kind of direct engagement will significantly improve ORCODA's efforts in building strong relationships with key stakeholders." Geoff Jamison, MD of ORCODA

The Future For ORCODA

The company also plans to disclose the progress made on these initiatives and the progress towards ESG disclosures in quarterly updates shared with their investor base on InvestorHub. ORCODA also intends to measure its greenhouse gas emissions for direct or indirect emissions, as well as indirect supply chain emissions, to be included in future ESG reports.

ORCODA has taken a massive leap forward in its ESG journey by committing to ESG reporting and integrating it into its governance framework. InvestorHub plays a key role in the stakeholder engagement strategy of the broader ESG strategy. As ORCODA is committed to building legitimate ESG credentials to achieve a more prosperous and fulfilled society, quality stakeholder engagement will remain a key metric of this transition.