Sustainability Services

While these requirements fully apply to global public companies, Russian non-public organisations as well as companies that opted to delist from international exchanges continue their sustainability efforts by focusing on:

• Better operational performance with a lower environmental impact
• Assessment of the social and economic impact across business geographies
• Higher transparency and stronger reliability of corporate public reporting

How Deloitte can help

With independent non-financial assurance, organisations can make public disclosures for CSR and sustainability efforts, including disclosures on progress in this area.

Key areas:

• Sustainability reporting assurance
• Selection of performance indicators as part of the assurance procedures
• Identification of assurance levels and level selection implications

Links: GRI, ISAE 3000 (Revised)

For the materiality assessment, we use an efficient systematic approach that allows for the identification and prioritisation of significant risks and that can be reused in the future. This approach consists of three stages. Stage 1 involves the analysis of publications issued by the media and on the Internet by independent professional associations, which is followed by a subsequent analysis of the methods adopted by competitors. Stage 2 uses best reporting practices to identify areas for reporting. Finally, Stage 3 assesses the materiality of the identified areas, based on the scope and extent of public disclosures, including an analysis as regards the audience and the reach of media publications. Below is an overview of the proposed approach.

Key areas:

• Media analysis
• Analysis of independent professional associations
•  Analysis of best practices and methods adopted by competitors

Efficient performance measurements and related disclosures can contribute to the quality and stability of business performance. Non-financial measurements and related disclosures used for assessing the efficiency of governance and green/social initiatives can be a significant addition to financial reporting and indicators, providing users with a clearer picture of how a business derives economic benefits.

Key areas:

• Development of data management systems
• Disclosure analysis (e.g. DJSI or CDP disclosures)
• Sustainability reporting analysis

Links: DJSI, CDP

Despite changes in the reporting requirements over the recent years, the annual report remains a key source of business performance information for stakeholders, including investors. In the UK, the recent narrative reporting regulations encourages businesses to take a new reporting approach by providing more detailed information on business strategy implementation risks. The International Integrated Reporting Council (IIRC) is also making significant adjustments to the process by addressing how companies incorporate non-financial information and sustainability disclosures in their strategies, executive decisions and corporate reports.

Key areas:

• Compliance with sustainability legislation and recent regulations in narrative reporting
• EU Directive compliance
• Reporting and best practices

Links: GRI, Directive 2014/95/eu

Sustainable development, which is increasingly becoming part of the agenda of board meetings, is an integral part of corporate strategy planning. Management needs a reasonable approach to tackle stricter regulatory requirements while protecting the brand and ensuring the stable operation of supply chains by identifying new opportunities for greater efficiency and making strategic use of the outputs from sustainability efforts.

Key areas:

• Sustainability strategy development and integration with the corporate operating strategy
• Identification of key performance indicators
• Development of a sustainability strategy roadmap
• Sustainability strategy coordination across stakeholders
• Update of the strategy and related policies, if needed

Links: Programme "Green Agenda"

The emergence of numerous regulations on both obligatory and voluntary non-financial reporting has produced new information sources that businesses and investors can go to for improving decision-making processes.

Consumers and investors are becoming increasingly interested in non-financial information as regards the environmental, social and ethical dimensions of business. This is due to consumers wanting to make more informed decisions as they purchase products and services; at the same time, investors are also looking for non-financial indicators to assess return on capital. In addition, businesses are facing the need for a more comprehensive analysis of potential risks arising outside of operating activities and inside supply chains.

Key areas:

• Brand acceptance management
• Risk minimisation
• Data management

Companies with membership in international organisations, such as ICMM and EITI, must comply with the requirements for running their business in line with the adopted sustainability principles and the requirements for public corporate reports that are subject to independent audit.

Deloitte professionals analyse practices, internal documentation and corporate strategies for compliance with international standards, identifying areas for development.

Key areas:

• Compliance reviews
• Report preparation and recommendations
• Development of a roadmap to align policies and practices with international standards

Links: ICMM, EITI

Deloitte CIS stands for sustainable social and environmental development. With this in mind, we have developed a unique CSR function maturity assessment model, which we offer our clients for free. Our recommendations are based on international best practices...Learn more