Peter Plochan, FRM’s Post

The environmental, social, and governance (ESG) agenda is progressing swiftly, with new regulations requiring companies to report on their ESG risks, opportunities, and performance. To ensure the credibility of these reports, disclosures will need to be independently verified by a third party. Last year, the inaugural edition of KPMG ESG Assurance Maturity Index found that companies had a long way to go to adequately prepare for ESG reporting and assurance. This year's analysis finds that, while there is growth in this regard, many organizations are still in their initial stages. More importantly, it reveals that the time has come for a concerted focus on putting in place the necessary systems, processes and controls to gather the data required, and aim to ensure these are sufficiently robust to stand up to external assurance. Read the full report: https://lnkd.in/eZu5_JQ8 Ali Abbas #KPMG #ESG #ESGAssuranceMaturityIndex #Kuwait #MiddleEast

ESG reporting and assurance is coming for many companies for the first time from 2025 onwards. Now is the right time to ask yourself - is your business ready for ESG assurance? 1. Want to know more about ESG reporting and assurance - reach out to me. 2. Want to know how your company measures against its peers? Complete the short survey to find out and to access the new KPMG report ‘The journey continues: Navigating the road to readiness’. #ESG #Assurance 👇

KPMG Recognized as Global ESG Leader: Driving Sustainable Transformation In the latest Law.com Compass Pacesetter Research (previously ALM Intelligence Pacesetter Research) research by ALM Intelligence, KPMG firms have been recognized as 'a global Leader' in ESG: Social, 2024. This achievement underscores our unwavering commitment to helping clients navigate the complex landscape of #Sustainability and all things #ESG to drive meaningful, long-term value. The report highlights KPMG's transformative approach, emphasizing our ability to leverage #data and #technology to create measurable impact. Our ESG framework is designed to be flexible and adaptive, ensuring that clients can effectively address the evolving priorities of investors, customers, talent, and community stakeholders. The growing importance of the "S" in ESG is driven by shifting priorities and increasing scrutiny from various stakeholders. In response, KPMG provides social sustainability services on a global scale. Our solutions are grounded in impact, evaluation, and assessment analysis, coupled with perception and sentiment analysis to bridge the voices of all relevant stakeholders. By integrating social considerations across our professional services, we help drive business growth while contributing to societal well-being and #sustainable development. As the Sustainability Leader, I am particularly proud of our firm's commitment to ESG measurement, reporting, and assurance. Our value proposition is based on a holistic approach that combines data-driven insights with expert analysis to deliver robust and reliable ESG solutions. To learn more about how KPMG is driving sustainable transformation it’s importance in today's business landscape, please click: KPMG named a global market Leader in ESG Social Services. #Audit #Measurement #SustainabiiltyReporting #ESGAssurance #datadriven #socialimpact

ESG reporting and assurance is coming for many companies for the first time from 2025 onwards. Now is the right time to ask yourself - is your business ready for ESG assurance? 1. Want to know more about ESG reporting and assurance - reach out to me. 2. Want to know how your company measures against its peers? Complete the short survey to find out and to access the new KPMG report ‘The journey continues: Navigating the road to readiness’. #ESG #Assurance 👇

Explore the surge in ESG reporting: nearly all S&P 500 companies disclosed ESG data in 2022, with 70% obtaining audit firm assurance on their metrics. Stay ahead of the sustainability curve! #accounting #news #finance https://lnkd.in/eDRtMs29

ESG Consulting: What CPAs Need To Know As accounting professionals, understanding ESG (Environmental, Social, and Governance) reports is crucial. Here's what you need to know before advising your clients: 1️⃣ Educate your clients on ESG basics and importance. 2️⃣ Be ready to answer ESG-related RFP questions. 3️⃣ Help smaller companies with ESG disclosures. 4️⃣ Provide moral support for those unsure about ESG. 5️⃣ Emphasize that ESG reports are factual, not biased. 6️⃣ Highlight the permanence and growth of ESG. 7️⃣ Ensure your clients are well-informed to make strategic decisions. Want to learn more about ESG Accounting an how to talk to clients about ESG Reporting? Read the full blog here: https://lnkd.in/g5YWwzbD #ESGAccounting #CPA #Sustainability #BusinessGrowth #AccountingAdvice

New report highlights "Companies That Use AccountAbility’s AA1000 Assurance Standards Receive Higher ESG Scores" - Australian companies wishing to improve their sustainability performance should be asking for these standards to be applied in their #sustainabilityreporting program. Companies that follow the #AA1000 principles in their ESG report and use the #AA1000 standards see these three benefits: 1. Increased credibility of their sustainability reporting and assurance processes and an improved alignment with external sustainability regulations and standards. 2. Adoption of a common language with investors, which builds confidence in sustainability information and helps investors make better informed decisions. 3. A culture of continuous improvement and innovation.

As the focus on ESG metrics intensifies, companies are increasingly seeking robust solutions to enhance their ESG assurance readiness. Recent KPMG research shows that over 70% of companies are not ready, highlighting the critical importance of being prepared for ESG assurance in 2024 and beyond:  https://lnkd.in/eSdp6Bfe To be well positioned for ESG reporting and assurance requirements, your company needs an ESG solution that not only meets, but exceeds industry standards, providing real-time monitoring, comprehensive reporting, supplier engagement, and more. Find out how IntegrityNext can help: https://lnkd.in/dU-AhS2z #ESG #ESGAssurance #SustainableBusiness #CorporateResponsibility

Spreadsheets still taking the lead in 2024 as most organizations are still dependent on them despite the several ESG reporting software available in the market. Read KPMG report below highlighting what organizations are spending on in relation to ESG and the progress seen.  https://lnkd.in/g-vzT3eK

I'm still talking to many business leaders who don't realise they have to be ready to report on ESG next year. From January 2025, UK and European companies with 250+ employees or £50m turnover will very likely have to report on your ESG activity using one of the frameworks like the European Union’s Corporate Sustainability Reporting Directive (CSRD) In the same way as statutory accounts, this obligation generally sits within Finance. Often the CFO has the obligation to comply, even though there are sustainability roles overseeing the process. At bdg | better decisions group we have built solutions in Board and Jedox that allow you to manage this process. We support the data collection across different frameworks (CSRD, TCFD, GRI, SASB). The workflow ensures this is audited and managed, and then using conversion factors like DEFRA you will provide compliant ESG reports. It may be confusing and full of acronyms, but it is coming, so please speak to us if you want help. #esgreporting #csrd #esg