ESG Assurance
What is a ESG Assurance
ESG assurance is the process of verifying and validating a company’s environmental, social, and governance (ESG) disclosures and performance by an independent third-party auditor. This assurance ensures that the company's ESG data and reports are accurate, reliable, and compliant with global standards and frameworks, such as the BRSR, Global Reporting Initiative (GRI) or the Sustainability Accounting Standards Board (SASB).
The process begins with the company providing its ESG data, reports, and practices for review. External auditors or assurance providers assess the data against relevant standards, frameworks, and regulations, verifying the company's disclosures on sustainability performance, risk management, and governance practices.
The assurance provider evaluates the quality, consistency, and reliability of the information, often including site visits and interviews with key personnel. Any gaps, inconsistencies, or areas for improvement are identified, and recommendations are provided. A final assurance report is issued, outlining the findings and confirming whether the ESG disclosures are fair and accurate. This process helps enhance transparency, build stakeholder trust, and ensure the company meets its sustainability goals.
The process begins with the company providing its ESG data, reports, and practices for review. External auditors or assurance providers assess the data against relevant standards, frameworks, and regulations, verifying the company's disclosures on sustainability performance, risk management, and governance practices.
The assurance provider evaluates the quality, consistency, and reliability of the information, often including site visits and interviews with key personnel. Any gaps, inconsistencies, or areas for improvement are identified, and recommendations are provided. A final assurance report is issued, outlining the findings and confirming whether the ESG disclosures are fair and accurate. This process helps enhance transparency, build stakeholder trust, and ensure the company meets its sustainability goals.
Why is ESG Assurance Required?
- Credibility and Trust: ESG assurance provides credibility to a company’s ESG disclosures, building trust with stakeholders such as investors, customers, and regulators. It ensures that the data is accurate and not misleading.
- Regulatory Compliance: As governments and regulatory bodies impose stricter ESG reporting requirements, assurance helps ensure that the company complies with these evolving standards and frameworks.
- Transparency and Accountability: It demonstrates transparency in a company’s sustainability efforts, showing that the company is held accountable for its ESG claims and commitments.
- Risk Management: ESG assurance helps identify discrepancies or risks in a company’s ESG practices, enabling the company to address potential issues proactively.
- Investor Confidence: Investors are increasingly looking for reliable and verified ESG data to make informed decisions. Assurance provides assurance that the company is genuinely committed to sustainability and risk management.
- Continuous Improvement: By having an independent review, companies can receive feedback on areas for improvement, driving better ESG performance and practices over time.
Other Services
Ecovadis
This platform helps you manage ESG risk and compliance, meet corporate sustainability goals.
GHG Accounting
The process of measuring and reporting the amount of GHG emissions from an organization.
How to conduct
Define the Purpose and Scope
Identify ESG Issues
Engage Stakeholders
Assess Business Impact
Prioritize Issues
Validate Findings
Report and Integrate
Review and Update Regularly
How we can help you?
"Take the first step toward aligning your ESG strategy with what truly matters. Contact us today to learn how we can help."
Conservys is now an AA1000 Licensed Assurance Provider
Conservys is proud to announce its recognition as an AA1000 Licensed Assurance Provider, reinforcing our commitment to transparency, accountability, and credibility in sustainability and ESG reporting. The AA1000 Assurance Standard (AA1000AS v3) is a globally recognized framework that ensures organizations report on their environmental, social, and governance (ESG) performance with integrity and stakeholder inclusivity.
