ESG processes, controls and transformation

We take a holistic approach to help our clients – both in the financial and non-financial sector – to achieve their ESG objectives and meet relevant regulatory requirements by improving their internal processes and control systems We provide expert support in gaining in-depth knowledge of international reporting standards (GRI, SASB, TCFD) and requirements (CSRD, EU Taxonomy, CS3D, SFDR, IIRC, MNB Green Recommendation, Hungarian ESG legislation), in developing an ESG reporting system and support processes that fit the entity’s profile, and in developing a control environment that ensures the efficiency of data reporting and the quality of information flows with digitalized elements. We ensure the reporting is complete by strengthening data collection and disclosure processes as well as related controls across all three ESG dimensions. These improvements can contribute to prepare  more accurate management decisions, follow the reporting deadlines in line with the annual financial reports, prepare for a successful external audit, and thus indirectly, increase the confidence of external stakeholders.

ESG can affect the whole company, and often has a transformational impact on the way an organisation operates. Successful implementation of an ESG transformation project requires the use of modern programme management methods for planning, implementing and monitoring. KPMG has extensive experience in the methodological design of transformation programmes, supporting their implementation with modern, tried-and-tested tools, expertise verified by our clients, and makes the progress visible for management and owners with key performance indicators in line with international and domestic circumstances.

• Understanding and adapting the legal framework and requirements for ESG reporting obligations (CSRD- ESRS/SFDR/EU Taxonomy/Hungarian ESG legislation) and developing processes and controls to ensure compliance
• Designation of reporting framework (CSRD/EU Taxonomy, SFDR), alignment with the business objectives of the entity
• Implementing the data collection and collation processes required for reporting, establishing controls to ensure the completeness, accuracy and timeliness of data and information
• Identifying data, sources as well as risk and control points for ESG reporting
• Design, testing and further development of internal regulatory systems and operational ESG controls, ESG-based assessment of internal audit performance and competence, and expert support
• PMO and programme management services associated with the implementation of ESG transformation programmes helping to develop PMO, programme or project operational frameworks for waterfall and agile projects, or a combination of both project management methodologies