Environmental, Social and Governance (ESG)
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.
ALLIANCES
Sustainability Accounting Standards Board (SASB)
World Business Council for Sustainable Development (WBCSD)
Committee of Sponsoring Organisations (COSO)
