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ESG Reporting Services

What Is ESG Reporting and Why Does It Matter?

ESG reporting, or Environmental, Social, and Governance reporting, is the practice of disclosing a company’s performance and initiatives related to environmental, social, and governance factors. ESG report creation involves compiling and presenting this information in a structured manner. These reports provide stakeholders, such as investors, customers, employees, regulators, and the public, with information about how a company addresses and manages ESG issues.

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Key Components of ESG Reporting

ESG Reporting Frameworks

Global Reporting Initiative (GRI)

GRI is one of the most widely recognised ESG reporting frameworks globally. It provides comprehensive guidelines for organisations to undertake ESG reporting and create ESG reports on their sustainability performance, covering a wide range of ESG topics. The GRI Standards offer a structured framework for reporting environmental, social, and governance data.

Global Real Estate Sustainability Benchmark (GRESB)

GRESB is a forward-thinking body that strives to collect and collate ESG execution documentation of the actors within the real estate and infrastructure industries through ESG reporting, ESG report creation, sustainability reporting, publications, and first-hand engagement to promote comparable and competitive performances. As the world's leading real estate industry ESG benchmark, GRESB encourages the importance of collaboration with managers, asset operators, and investors alike to facilitate the transition towards a more sustainable future overall.

Sustainability Accounting Standards Board (SASB)

SASB focuses on industry-specific ESG reporting and provides industry-specific standards that help companies create ESG reports by identifying and reporting on the issues most relevant to their sector. SASB standards are designed to be financially material and are used by investors to assess risk and performance.

Task Force on Climate-Related Financial Disclosures (TCFD)

TCFD is a framework that focuses on climate-related financial disclosures. It provides guidance on how organisations can incorporate climate-related risks and opportunities into their ESG reporting and create ESG reports as part of their financial reporting. TCFD recommendations are increasingly important as climate change becomes a critical concern for investors and regulators.

Industry-Specific Guidelines

Many industries have developed their own ESG reporting guidelines and frameworks tailored to their specific challenges and opportunities. These industry-specific guidelines assist companies in sectors such as finance, energy, healthcare, and manufacturing with ESG reporting and ESG report creation, enabling them to report on ESG factors that are particularly relevant to their business operations.

United Nations Sustainable Development Goals (SDGs)

While not a reporting framework in itself, the UN SDGs are a set of global goals that organisations often reference in their ESG reporting and ESG report creation to demonstrate alignment with broader sustainability objectives. The SDGs provide a common language and framework for addressing global sustainability challenges.

AsiaESG’s familiarity with these frameworks and guidelines allows us to provide information and guidance on ESG reporting and best practices for creating ESG reports, terminology, and the key principles underlying each framework. It is important to note that organisations often choose the most appropriate framework based on their industry, size, and specific ESG priorities to communicate their sustainability efforts to stakeholders effectively.

The Importance of ESG Report Creation in Today's Business Landscape

ESG principles have gained immense prominence in recent years. Here’s why they matter:

Investor Confidence

Companies that embrace ESG practices and disclose their practices adequately often attract a broader base of investors who value sustainability and ethical conduct.

Risk Mitigation

ESG helps identify and mitigate various risks, from environmental disasters to reputational damage.

Competitive Advantage

Adopting ESG practices can differentiate a company in a crowded marketplace, appealing to socially conscious consumers.

Long-term Viability

ESG is not a trend; it's a long-term strategy for building resilient and future-ready businesses.

Our Approach

The approach to ESG (Environmental, Social, and Governance) report creation is a structured process that involves several key steps, from data collection to final reporting. Here is a comprehensive overview of the typical approach:

Identify Stakeholders and Materiality Assessment

Begin by identifying key stakeholders, including investors, customers, employees, regulators, and NGOs, to determine their expectations regarding ESG reporting and report creation.

Conduct a materiality assessment to identify the most significant ESG issues for your organisation and stakeholders. The outcome of this assessment guides the prioritisation of data collection efforts

Data Collection and Aggregation

Collect ESG data from various sources within the organisation, such as departments responsible for sustainability, human resources, finance, and procurement.

Data sources may include internal records, sustainability reports, employee surveys, financial statements, supplier data, and external databases.

Data Verification and Assurance

Ensure data accuracy and reliability through verification processes, including third-party audits or internal reviews.

Some organisations opt for ESG data assurance to provide stakeholders with an additional level of confidence in the data's accuracy.

Selection of ESG Reporting Framework

Choose an appropriate ESG reporting framework or guidelines that align with your organisation's industry, objectives, and stakeholder expectations. Selecting the right framework will support both ESG reporting and report creation. Common frameworks include GRI, SASB, and TCFD.

Data Mapping and Alignment

Map the collected ESG data to the selected reporting framework's requirements. Ensure that each data point is aligned with the relevant reporting indicators and disclosures.

Report Content and Structure

Determine the structure and content of the ESG report. Typically, it includes an executive summary, introduction, ESG performance data, case studies, goals, and future strategies.

Present data using clear visuals, charts, graphs, and narratives to make the report accessible to a broad audience.

Report Writing and Review

Prepare the ESG report, incorporating the collected data into the chosen framework. Ensure that the report tells a compelling and transparent story about your organisation's ESG journey.

Review the report for accuracy, clarity, and alignment with reporting standards. Engage internal stakeholders to provide feedback and insights.

Stakeholder Engagement

Engage with stakeholders, especially those identified in the materiality assessment, to gather feedback on the draft ESG report. Address any concerns or questions they may have.

Publication and Distribution

Publish the final ESG report on your organisation's website or other appropriate platforms.

Continuous Improvement

Use feedback and insights from the ESG reporting and ESG report creation process to continuously improve your organisation's ESG performance and reporting practices.

The approach to creating ESG reports is iterative and should be guided by the organisation’s commitment to transparency, accountability, and continuous improvement in its environmental, social, and governance practices.

Why All Companies Need to Consider ESG Implementation

All companies, regardless of size or industry, should seriously consider implementing Environmental, Social, and Governance (ESG) principles into their operations. Here’s why ESG implementation is essential for every organisation:

Enhanced Reputation and Trust

Embracing ESG practices demonstrates a commitment to responsible business conduct, which can significantly enhance your company's reputation and build trust with customers, investors, employees, and other stakeholders.

Competitive Advantage

ESG initiatives can differentiate your business in the marketplace. Consumers and investors are more likely to support and engage with companies that prioritise ESG principles in an increasingly socially conscious world.

Risk Mitigation

ESG practices can help identify and mitigate various risks, including environmental risks (e.g., climate change-related disruptions), social risks (e.g., labour disputes), and governance risks (e.g., ethical lapses). By addressing these risks, you can proactively avoid potential crises and protect your bottom line.

Access to Capital

Many investors and financial institutions are incorporating ESG criteria into their investment decisions. Companies with strong ESG performance may find it easier to secure financing and attract investment.

Regulatory Compliance

ESG regulations and reporting requirements are becoming more prevalent globally. By implementing ESG practices now, companies can proactively comply with current and future rules, avoiding potential penalties and legal issues.

Employee Attraction and Retention

ESG initiatives often align with the values and expectations of the modern workforce. Committing to social responsibility and sustainability can help attract top talent and improve employee retention.

Cost Savings

ESG initiatives can save costs through improved resource efficiency, reduced waste, and streamlined operations. For example, energy-efficient practices can lower utility bills, while reduced employee turnover can lower recruitment and training costs.

Innovation and Adaptability

ESG implementation encourages innovation. It prompts companies to explore new products, services, and technologies that are more sustainable and aligned with changing consumer preferences.

Long-Term Viability

ESG is not a short-term trend. It represents a long-term strategic approach that can help companies remain viable in an ever-evolving business landscape. By considering ESG, companies position themselves for sustained success.

Ethical Leadership

ESG implementation reflects ethical leadership and corporate responsibility. It's about doing what's right for society and the planet, which resonates with many consumers and investors who want to support businesses that share their values.

Our Specialised Industries​

Science and Engineering

Science and Engineering

Chemical Engineering, Solar Power & Energy, Biotechnology
Banking and Finance

Banking and Finance

Financial & Wealth Management, Accounting & Auditing, Insurance
Healthcare and Medical

Healthcare and Medical

Psychiatry, Pharmaceutical
Environment and Sustainability

Environment and Sustainability

Environmental Science Climate Science
Hospitality

Hospitality

Fintech

Fintech

Legal

Legal

Official Partners of

GRI (Global Reporting Initiative)

GRI (Global Reporting Initiative) is one of the most widely recognised ESG reporting frameworks worldwide. It provides comprehensive guidelines for organisations to report on sustainability performance, covering various ESG (Environmental, Social, and Governance) topics. AsiaESG became a Certified GRI Community Member and committed to demonstrating its benefits through membership in this forward-thinking community.

GRESB (Global Real Estate Sustainability Benchmark)

GRESB (Global Real Estate Sustainability Benchmark) is an organisation that strives to collect and collate ESG execution documentation in the real estate and infrastructure industries, aiming to promote comparable and competitive performances. As an Official Partner of GRESB (Global Real Estate Sustainability Benchmark), AsiaESG is well-positioned to aid businesses in their mission to develop strong future strategies that will improve their lagging performances while also communicating effectively to their stakeholders their strong commitment to sustainability.

AsiaESG

Empowering Malaysian Business for a Sustainable Future

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