In terms of assurance quality and consistency, ESG data is often complex and in varying formats. In particular, the units of measure in which it is expressed vary (e.g. kilowatts, megawatts, gigawatts) as do the ratios/formulae that need to be applied. These distinctions are often not widely understood. The ratios can be the source of errors if they are not consistently applied.
Our audit and assurance professionals can provide insights into whether current systems and processes can support assurance of ESG reporting in varying frameworks (GRI, SASB, TCFD, etc.) and standards in the countries where you have operations. As well as frameworks with standards in development such as the CSRD, ISSB and US SEC.
It is about bringing the same level of rigor and sophistication to ESG reporting as financial reporting. This is the goal – and the challenge – facing organizations today.