The sustainability journey has undergone an evolution over the years, from Corporate Social Responsibility (CSR) originating in the 1960s to today’s Environmental, Social and Governance (ESG). Over the past ten years, driven by stakeholder expectations as well as asset owners and institutional investors’ engagement, more and more listed companies, especially larger companies, have incorporated ESG into their risk management processes, strategies and operations.
We help organisations of all sizes, private and public, for-profit and not-for-profit, enhance their sustainability and ESG performance. Our sustainability advisory services include ESG & sustainability governance review, ESG materiality assessment and integration, impact analysis and ESG reporting and disclosure.
The increase of mandated reporting on ESG issues, such as climate-related financial disclosures and modern slavery reporting, suggests that ESG matters are now an important part of a board’s duty of care landscape. Directors could be liable for ‘greenwashing’ disclosures if such disclosures are not underpinned by proper information, governance processes, strategy or action. Directors should take a proactive and robust approach of considering how ESG & sustainability risks are managed and opportunities are seized to preserve and create short-, medium- and long-term value.
We can help your organisation review ESG governance structure and governance processes, brief your board on the latest developments of ESG & sustainability governance, identify areas for improvements and recommend actions.
An ESG materiality assessment is a good start to better understand stakeholder expectations, identify material ESG issues, risks & opportunities, and then to manage and report on them.
Our services include stakeholder mapping, stakeholder engagement & consultation, ESG topic scoring and prioritisation, and the embedding of ESG priority topics into the organisation’s risk management framework and strategic & business planning processes.
Stakeholder engagement and consultation are generally done through a combination of direct engagement such as workshops and one-to-one interviews and indirect consultation such as surveys. After obtaining opinions from the key stakeholders on the most significant ESG issues, we assess and score each ESG topic, and then recommend the material ESG topics to the organisation.
To help organisations keep pace with stakeholder expectations, create and preserve value and enhance impacts are at the core of our services.
We can help your organisation link the identified ESG risks and opportunities to their current and future financial performance, which includes assessing impacts on the organisation’s revenue and costs, assets and liabilities, as well as cost of capital.
Over the past few years, we have seen an increase in the demand of sustainability information from investors and other stakeholders. We can help your organisation review your current status of sustainability reporting and recommend pathways to increase reporting maturity.
We can also provide support to your organisation’s reporting processes, from advising on governance such as board’s roles, to the design and implementation of control procedures to improve data quality.
Copyright © 2024 CLG Assurance & Advisory | ABN 28 149 592 781 - All Rights Reserved.