Businesses are under pressure to set and disclose metrics that assess and manage ESG-related risks and opportunities. Do you have the strategic understanding, data and processes to optimise these?
Your goals, and how you measure progress towards them, are of increasing interest to stakeholders. Effective targets create opportunities for product differentiation, customer growth, and new investment. Global bodies, eg the GRI, TCFD and ISSB, are now the primary standard setters so whether your reporting is obligatory or voluntary, you should be aligned with global expectations, understand the business impact and have robust data and processes to ensure compliance now and in the future.
Why Grant Thornton
We are experts in developing metrics and targets to reflect reporting requirements and commercial imperatives including calculating profitability impacts. We consider ESG in the context of investment including due diligence, lending criteria, credit ratings and exits including IPOs. We ensure appropriate processes and controls to minimise risks and build connectivity across your reporting to build trust.
The key to successful reporting is understanding what framework, standards and regulations are most relevant to your organisation, so you can determine what you need to measure and when.
Questions to ask yourself:
- Do you understand the ESG value landscape – and how metrics and targets drive your commercial imperatives?
- When and what do you need to measure and disclose to comply with current and future regulation?
- What frameworks, standards and regulation are most relevant to your organisation?
- What’s the return from investing in setting and meeting discretionary targets?
- How can you disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities?
- What are the risks of reporting and are the processes and controls in place to minimise these?
Things you need to consider:
- Do you need to invest in your data platform or processes to capture, aggregate, measure and report against KPIs?
- What steps do you need to take to get ready for an IPO, exit or meeting lender requirements, and the focus that process increasingly places on ESG?
- Are you prepared to report in accordance with legislation applicable to your organisation in the future?
- How can you model and value energy and energy transition assets?
- Preparation for reporting in accordance with sustainability reporting frameworks such as GRI, ISSB, SASB and TCFD including the associated metrics, targets, and disclosures
- Advising on the ESG value landscape – understanding stakeholder requirements and the return on investment from focussing on particular metrics and targets
- Understanding your data needs and how to capture, aggregate, control and visualise this data
- TCFD reporting including the identification of climate-related risks and opportunities
- Becoming ESG ‘ready’ for an IPO or exit, or to meet lenders’ ESG requirements
- Valuation and modelling of energy and energy transition assets.
ESG: themes and insights
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