Environmental, Social and Governance (ESG)

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Extending Beyond Financial Reporting

Environmental, Social and Governance (ESG)

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Drive investments, enhance employee experience, reduce operating costs and deliver reliable reporting

In recent years, environmental, social and governance (ESG) issues have been a growing priority for both public and private companies. Covid has not necessarily driven the standards, but the COVID-19 global pandemic has emphasised the need for setting sustainability standards. In the US, the SEC is also making ESG a priority for possible rule changes and additional disclosures along with other regulators and governments around the globe.

ESG reporting presents an opportunity for companies to share what they are doing to sustain the long-term value creation aligned with the interests of shareholders while also addressing the interests of customers, employees, suppliers and the communities in which they operate. Protiviti helps companies assess their current ESG activities and define a future-state, perform materiality assessments to identify material ESG topics and much more.

ESG PROGRAMME ADVANTAGES

Employee retention and satisfaction
Better understanding of stakeholder interests
Enhanced corporate brand
Ability to tell a more complete story of an organisations’ long term value creation efforts and alignment with key stakeholders

Potential for higher valuations
Stronger control environments and risk management
More attractive to investors
Increased revenue and decreased costs due to better management of natural resources

PROTIVITI’S APPROACH TO SUSTAINABILITY

Protiviti supports organisations throughout their sustainability journey by offering a holistic and integrated approach, encompassing all of the following elements in order to help you Face the Future with Confidence.

DISCOVERY & STRATEGY SETTING

Define sustainability objectives and related strategic guidelines, assess the maturity of the sustainability programme and understand material topics for the business and stakeholders.

Diagnostic & Capability Maturity Assessment
Macro-Trends, SWOT & Scenario Analysis
Competitive Benchmarking
Materiality Assessments
Corporate Policy Creation/Alignment
ESG Roadmap & Linkage to Strategic Plan

DATA MANAGEMENT & DEVELOPMENT

Identify data supporting the analysis of sustainability material topics and build the data collection, aggregation and validation process.

Data Management Assessment
Data Mining & Analytics
Data Validation Review
Security & Privacy Management
Process Automation
Software Services & Solutions

PERFORMANCE & REPORTING

Monitor the sustainability programme objectives and report comprehensively and transparently of the organisation’s ESG performances to stakeholders.

ESG Reporting
Framework Assessment
Key Performance Indicators
Communication & Reporting
Report Drafting/Disclosure Assistance
Reporting Process Design
ESG Continuous Improvement

GOVERNANCE & RISK MANAGEMENT

Design or enhance the governance framework to better address ESG risks and compliance requirements, as well as strengthen the internal control environment.

Sustainability Governance Design
Risk Governance Model
Regulatory Compliance & Remediation
ERM-ESG Integrated Approach
Sustainability Programme Controls Assessment
Assurance Readiness
Third-Party Risk Management
Change Management

In a recent Protiviti survey, 8 out of 10 finance leaders indicated they plan to increase the frequency of their organisation’s environmental reporting as part of an increased focus on ESG-related issues.