Sustainability reporting

1. Materiality assessment
● Stakeholder engagement to gather input from key individuals and groups associated with the organization (discussions with internal and external stakeholders, such as employees, customers, investors, suppliers, and regulators)
● Define key factors that determine the significance of an issue, such as its impact on financial performance, stakeholder interests, regulatory compliance, reputation, and long-term sustainability
● Build a materiality matrix through assessing the potential impacts of various issues on the organization's operations, reputation, and stakeholder relationships. Issues to be categorized based on their significance, and the prioritization process considers both the internal perspective of the organization and the expectations of external stakeholders.
● Integrate the results of the materiality assessment into the organization's reporting frameworks and strategic decision-making processes (if required by the client)

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2. Sustainability strategy development and further reporting
● Assess current sustainability practices, goals, and performance through analysing the existing policies, environmental impact, social responsibility initiatives, and governance structures.
● Develop a communication strategy and facilitate stakeholder engagement sessions to gather input from key internal and external stakeholders (e.g. via discussions with employees, customers, suppliers, investors, and other relevant groups).
● Guide the setting of clear sustainability goals, establishing measurable targets across environmental, social, and governance (ESG) dimensions.
● Facilitate the integration of sustainability strategies into core business operations and reporting mechanisms to enhance transparency.

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3. Assistance in adopting and implementing recognized sustainability reporting frameworks and alignment of sustainability efforts (GRI, Global Compact, SDGs)
● Helping the client select the most relevant sustainability reporting framework(s) based on its industry, size, and sustainability goals and assess frameworks such as the Global Reporting Initiative (GRI), the United Nations Global Compact, and the Sustainable Development Goals (SDGs).
● Customize the chosen framework to align with the organization's specific context, ensuring that it captures the most material sustainability issues.
● Conduct a thorough gap analysis to assess the organization's current sustainability practices against the requirements of the selected reporting frameworks by identifying areas of compliance and non-compliance.
● Implementing robust data collection and reporting processes aligned with the chosen frameworks. Assist in developing data collection protocols, defining key performance indicators (KPIs), and establishing reporting timelines.
● Provide guidance on regular reviews of reporting processes, data accuracy, and overall sustainability performance.
● Development of communication strategies, stakeholder engagement plans, and mechanisms for soliciting and incorporating feedback.

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4. ESG risk assessment and reporting
● Identification of Environmental, Social, and Governance (ESG) risks relevant to the organization's operations and industry.
● Conduct a materiality assessment to prioritize risks based on their significance and potential impact.
● Collecting relevant data to assess ESG risks comprehensively by analysing environmental impact data, labour practices, supply chain sustainability, diversity and inclusion metrics, and governance structures.
● Aligning the organization's ESG risk assessment with recognized reporting frameworks such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), or the Task Force on Climate-related Financial Disclosures (TCFD).
● Collaborate with the organization to develop tailored strategies for mitigating identified ESG risks (e.g. recommending changes to operational processes, enhancing governance structures, implementing sustainable practices, and integrating ESG considerations into decision-making).

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5. Development of methodologies to measure and communicate the social impact of the organization's activities
● Conduct a social impact assessment, identifying key social indicators and metrics relevant to the organization's activities. Engage in stakeholder consultations to understand the perspectives of various groups, such as employees, communities, and customers, ensuring a holistic view of social impact.
● Develop specific metrics and methodologies for measuring social impact. The metrics may cover areas such as community development, employee well-being, diversity and inclusion, and other social dimensions.
● Guide the organization in integrating social impact metrics into existing reporting processes, ensuring coherence with broader sustainability reporting initiatives.
● Assist in building internal capacity for implementing the developed methodologies, providing training to relevant staff members.
● Collaborate with the organization to develop a communication strategy for effectively conveying social impact findings to stakeholders

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6. Sustainable finance reporting
● Assess the organization's current practices and ensure that reporting aligns with industry-specific guidelines for sustainable finance.
● Define key performance indicators (KPIs) that reflect environmental, social, and governance (ESG) considerations (cover areas such as green financing, social impact investments, and adherence to responsible banking principles).
● Guidance on integrating sustainable finance reporting into the organization's overall financial reporting processes by aligning disclosures with financial statements, ensuring compliance with regulatory requirements, and providing transparency on the financial implications of sustainable finance initiatives.
● Assist in developing a stakeholder engagement strategy for sustainable finance reporting.

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