ESG Advisory

About

ESG Advisory

ESG stands for Environmental, Social, and Governance criteria. It’s a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Environmental criteria consider how a company performs as a steward of nature, including its carbon footprint, energy efficiency, and waste management. Social criteria examine how a company manages relationships with its employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. ESG investing seeks to align financial goals with the broader goal of creating positive societal impact.

ESG (Environmental, Social, and Governance) compliance is increasingly relevant to a wide range of stakeholders, including:

    1. Corporations and Businesses: Companies across various industries are increasingly recognizing the importance of ESG factors in maintaining their social license to operate, managing risks, and creating long-term value for stakeholders. They need to comply with ESG standards and reporting requirements to meet investor expectations, attract capital, and enhance reputation.
    2. Investors: Institutional investors, asset managers, and individual investors are integrating ESG considerations into their investment decisions to mitigate risks, identify opportunities, and align their investments with their values and sustainability goals. They seek transparent and reliable ESG disclosures from companies to inform their investment strategies and assess long-term performance.
    3. Regulators and Policy Makers: Regulatory bodies and government agencies are mandating ESG disclosures and reporting requirements to promote transparency, accountability, and responsible business practices. They aim to address emerging environmental and social challenges, enhance market stability, and protect investor interests.
    4. Financial Institutions: Banks, insurance companies, and other financial institutions are incorporating ESG factors into their risk management frameworks, lending practices, and investment strategies to assess creditworthiness, manage liabilities, and promote sustainable finance. They may require ESG disclosures from their clients and investees to evaluate their exposure to ESG risks and opportunities.
    5. Supply Chain Partners: Companies are increasingly scrutinizing the ESG performance of their suppliers, contractors, and business partners to ensure ethical sourcing, responsible production practices, and resilience in their supply chains. They may require suppliers to adhere to ESG standards and reporting requirements as part of their contractual agreements.
    6. Non-Governmental Organizations (NGOs) and Advocacy Groups: NGOs, civil society organizations, and advocacy groups play a crucial role in monitoring corporate behavior, advocating for sustainable practices, and holding companies accountable for their environmental and social impacts. They may use ESG disclosures and performance data to engage with companies, raise awareness, and advocate for change.
    7. Employees and Labor Unions: Employees, labor unions, and worker representatives are increasingly concerned about workplace conditions, labor rights, diversity, and inclusion practices, as well as the overall social impact of companies. They may leverage ESG disclosures and reporting to assess company performance, negotiate collective bargaining agreements, and advocate for improved working conditions.

Overall, ESG compliance is relevant to a broad spectrum of stakeholders who seek to promote sustainable development, mitigate risks, and foster responsible business practices across the global economy.

Why US?

We At Singh Suri & Services, Chartered Accountants, ESG services typically involve assisting businesses in integrating environmental, social, and governance considerations into their financial and operational strategies. We may provide a range of services in this domain, including:

  1. ESG Reporting and Compliance: We are helping companies understand and comply with ESG reporting requirements mandated by regulators or voluntary reporting frameworks such as the Global Reporting Initiative (GRI) or the Sustainability Accounting Standards Board (SASB).
  2. ESG Assurance: We are providing assurance services to verify the accuracy and completeness of ESG disclosures, enhancing credibility and transparency for stakeholders.
  3. ESG Risk Management: We are assisting businesses in identifying and managing ESG-related risks that could impact financial performance, reputation, and stakeholder trust.
  4. ESG Strategy and Integration: We are advising companies on developing and implementing ESG strategies aligned with their business objectives, including setting ESG goals, metrics, and targets.
  5. ESG Performance Measurement: We are developing methodologies and tools to measure and track ESG performance over time, enabling companies to assess progress and identify areas for improvement.
  1. Stakeholder Engagement: We are facilitating dialogue and engagement with stakeholders, including investors, employees, customers, and communities, to understand their ESG concerns and priorities.
  2. Training and Capacity Building: We are providing training programs and workshops to build internal capacity and awareness around ESG issues among employees and management.
  3. ESG Investment Advisory: We are supporting investors in evaluating the ESG performance of potential investments and integrating ESG factors into investment decision-making processes.

Overall, Singh Suri & Company, Chartered Accountants, play a crucial role in helping businesses navigate the complex landscape of ESG considerations, enabling them to enhance long-term value creation while addressing environmental and social challenges.

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