Materiality assessment and stakeholder engagement:
- Identification and prioritisation of critical stakeholders following principles of leading ESG standards
- Identification of universe of relevant ESG topics and risks to guide stakeholder engagement and ESG topic prioritisation
- Strategically engage with critical stakeholders through various avenues; interviews, surveys, secondary research
- Integration of prioritised ESG risks into ERM
- Including: ESG and climate risk and opportunity assessment (including assessment of climate-related risks and opportunities from physical climate events and transition to low carbon and scenario planning)
Integration in internal audit plans:
- Evaluate, support and integrate ESG into internal audit plans
Data and process management and controls:
- Analysis of ESG processes and disclosure control environments
- Controls implementation
- Advice and recommendations with focus on:
- Design of effective control environments to improve ESG data management
- Information quality, including information used in a control
- Monitoring and oversight of ESG goals and KPIs
- Technology enablement (tools and technologies to manage ESG data)
Disclosure preparation and/or review:
- Roadmap for enhanced data management and disclosure avenues (prep)
- ESG disclosure framework evaluation, selection and support in implementation
- Support in measurement and application of methodologies for subject matter calculations
- Support in development of ESG disclosure report(s) or integration in mainstream reporting in accordance with recognized climate and ESG standards and frameworks such as TCFD, GRI, SASB, Integrated Reporting
- Regulatory and investor relations disclosure advisory (review)
Gap assessment:
- Assessment and comparison with ESG standards, reporting frameworks, regulatory requirements (pending finalisation)
- Assessment of existing ESG disclosures compared to requirements of recognised ESG standards and reporting frameworks (e.g. SASB, GRI, TCFD)
- ESG ratings optimisation
Complex accounting:
- Technical advice on complex ESG matters and related transactions
Assurance readiness:
- Analyse, evaluate and provide recommendations focused on ESG reporting processes, data management and controls
- Definition of subject matter for review and evaluate suitability and availability of criteria
- Current state assessment through process walkthroughs for performance areas, understanding systems and roles and responsibilities, policies and procedures to define consistency of data gathering, measurement and presentation.
- Gap identification and potential areas for improvement in reporting processes and controls to prepare for external assurance
Recommendations to enable readiness for external assurance with a focus on:
- Remediation activities to address identified gaps
- Recommendation for ESG data management systems
- Areas for improvement in the reporting processes and controls, governance and oversight
Limited or reasonable assurance (attestation)*:
- Limited or reasonable assurance engagement on subject matter
*Subject matter includes select ESG metrics or ESG reports in accordance with ESG standards and frameworks (e.g. GRI, TCFD, SASB); green, social or other sustainability linked bond assurance; metrics, etc. Subject matter can include company specified measures, as long as suitability and availability criteria are satisfactory.
*Consultation strongly encouraged to determine appropriate attestation engagement for the circumstances (local PPD)
*Depending on the subject matter, certain assurance/attestation engagements will be subject to our Global Sustainability Assurance Methodology
Governance:
- Defining ESG governance models; board and supervisory board education
- Education to board of directors, audit committee, C-suite, business unit management, cross-functional teams
- Understand what information investors are looking for
- Identify gaps in current communications
- Determine the most effective channels for your organisation to communicate with the investment community
- Collect and disclose ESG information to investors in alignment with global best practices
- Build a narrative of your organizations’ ESG initiatives, objectives, and performance
Disclosure strategy:
- Evaluate, support and integrate ESG into corporate reporting requirements and strategies
- Definition of ESG objectives
- Target and metric setting for priority ESG topics
- Strategic integration of ESG into financial reporting advisory
Resources
Sustainability Communications
ESG Courses
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