Creating a clearer picture from complexity
Environmental, social and governance (ESG) factors are continuing to gain traction in corporate reporting regimes and the financial institution sector from the standpoints of long-term sustainability and responsible investment. Users and investors are demanding an increasingly high quality of ESG information disclosed by listed companies in order to facilitate decisions about investment, interest and value alignment, business partnerships, and joint efforts to overcome global challenges.
How can BDO help
BDO Risk Advisory Services team possesses experience and expertise in ESG reporting and risk management and allow us to support you with a broad range of ESG services that can be tailored to meet your needs. Our support covers the following areas:
- ESG governance and reporting
Our ESG professionals can help review your ESG reporting processes including materiality assessment, data collection and compilation, methods of reporting and disclosure mechanism in fulfilling current reporting requirements or adoption of international reporting standards such as GRI. With our extensive knowledge in ESG reporting accumulated from our ESG Reporting Performance Surveys, we can benchmark your company's reporting with latest industrial practices and make recommendations to enhance your reporting transparency. Our ESG governance and reporting services also cover:
- ESG governance review
- ESG risk management review
- Stakeholder engagement
- Target setting of environmental and social KPIs
- Board awareness training on ESG
- Mapping and integrating UN Sustainable Development Goals (SDG) into strategy
- Climate-related services
Our professionals can help you to understand how your business operations may be exposed to climate-related physical risks and the potential impact of regulatory and economic under the transition to a low-carbon economy. We can help develop comprehensive response that address risks and seize opportunities along the transition pathway. Our climate-related services also cover:
- Greenhouse gas management
- Mapping climate-related risks
- Climate resilience business strategy advisory
- Climate change risk assessment
- Verification of carbon footprint
- Supply chain risk management and audit
When a supply chain is disrupted, the company is at risk of failing to meet production or delivery commitments it has made to its customers. The Reporting Guide requires listed companies to identify and mitigate ESG risks along the supply chain. These risks may relate to trade ethics, corruption, child labour, carbon or water footprint, human rights violation, environmental breach, contract management, data protection, etc. Our professionals can help manage your supply chain risks by providing a risk-based, systematic supply chain due diligence and making practical recommendations.
- Independent assurance on ESG report
Independent assurance can enhance the credibility of the ESG information disclosed by a company and the quality of the company’s ESG reporting. It can provide investors with more reliable data for analysis. The Reporting Guide recommends that listed companies may seek independent assurance on their ESG reports. We can help provide an independent assurance on your ESG report including certain ESG data, content of the report, compliance with international reporting frameworks, etc.
Depending on what category of organisation you are with and what your needs are in the short, medium and long term, BDO can assist to pin point and identify any gaps. We can develop roadmaps, business cases and assist in developing environmental and sustainability reporting policies. We can also train your report preparers. These are but a few of the possibilities of how BDO can fit into your Sustainability and Integrated Reporting journey.
At the heart of it, your business needs to identify the content to form the basis for the reports. Our methodologies are aimed at providing better data, not more data and hence we can help you craft your story and put this in context. With a team that has vast experience in a myriad of business consultancy and advisory services as well as the option to leverage on jurisdictions where both Integrated Reporting and Sustainability Reporting has gathered earlier momentum, we can certainly provide you a holistic view. We are able to hone in on the areas to focus upon that are relevant and important to you.