Sustainable Forest Finance Toolkit - PwC

Integrated Policy Development Model1 of 1Policy Dev HOMEThe diagram below highlights the key issues and questions banks will want to consider at group strategy, risk and compliance levels. Forest products industry teams will need to understandthe policy and be consulted on the practical implications.Issues for considerationForest industrydata quality andavailabilityInformationgaps andtrainingneedsCommunicationchallengesTransparencyexpectationsPracticalchallengesTransitionperiods anddelaysInternal and external;information reportingneedsMonitoring & ReportingWill we be judged on our implementation?Will we be held to account?How will we be reporting externally on policy?ImplementationHave we considered the full impactsof the policy and knock-on effects?How will policy impact on business?Is the policy workable?Is policy clear and unambiguous?Levels of peer reportingEffective policydevelopment &implementationStrategic positioningof organisationHow the organisationworks in practicePeer group activity andbest practiceDevelopmentHow ambitious should we be?What are our strategies overall (and in this area)?Have we considered the context of the policy(i.e. industry/region/issue to which it applies)?Have we consulted sufficiently?GovernanceHow will we ensure internal commitment?How will policy impact on business?Who will it impact?BusinessrealitiesPotentialimplicationsfor new andexistingbusinessCulturaldifferencesStakeholderexpectationsFeasibilityWho the policy will effect(e.g. forest productsdepartment, estatemanagement, compliance)Support requiredthroughoutorganisation forpolicy to workPotentialbarriersAmbition vs.pragmatismOpposing agendas /IncentivesRealistictimescalesKey questionsRegional history andforest sector issuesExisting governancestructuresHow others’ agendas fitwith thisPersonality clashes andpolitical issuesWho will beresponsible for itssuccessPage 73pwc