ESG Assurance

As ESG and non-financial reporting increasingly command the focus of boards and audit committees, the demand for dependable ESG disclosures intensifies. Trust in these disclosures, vital for investors, stakeholders, and the public, hinges on their robustness and independent verification.

KPMG’s ESG Assurance services fulfil a crucial role in serving the public interest by bolstering confidence in ESG disclosures. We engage with a wide spectrum of clients, including financial institutions and businesses across all sectors, to evaluate their assurance readiness and provide high-quality, independent assurance aligned with recognized local and global standards.

KPMG’s ESG Assurance experts offer the following services:

• KPMG-led workshops to provide an overview of ESG assurance and the current reporting landscape and highlight what clients need to do to get ready for assurance
• Readiness assessments to ensure clients have the right processes, procedures, and controls in place to allow ESG data to be assured
• External assurance of reported ESG metrics and disclosures (including green bond/loan and financing statements) in line with ISAE 3000 (limited or reasonable assurance, depending on stakeholder or regulatory needs)
• External assurance of reported greenhouse gas
• (GHG) statements in line with ISAE3410 (limited or reasonable assurance)

We supported a leading beverage company in the Asia Pacific, a subsidiary of a global group, to assure their annual ESG report and establish a global assurance methodology in line with the parent group’s practices. Addressing the challenge of maintaining accuracy and consistency in ESG disclosures between the local subsidiary and the global parent, we offered expert local assurance while ensuring effective communication with the parent and their ESG practitioners.

Our diverse team from the Chinese Mainland, Hong Kong SAR, and Korea, led by a single point of contact, developed a globally consistent assurance methodology. This approach included reconciling metrics between the parent company and the subsidiary and ensured efficient communication and minimal involvement from senior management through regular updates and progress meetings.”