Review
Description
These resources will help you to revisit your company’s efforts and progress towards its sustainability commitments and to achieving its purpose by verifying progress thus far, determining whether changes are required, and making adjustments as necessary.
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Resources
Introducing Confidence-Building Measures to PRI Signatories
Drafted by the PRI, this comprehensive paper was created to help companies that want to advance their confidence-building measures for external reporting. Such verification highlights areas for improvement; identifies risks and opportunities in internal data collection and reporting mechanisms; and increases confidence in the quality of sustainability-related information disclosed. This report identifies and explores a phased, three-pronged approach to implementing confidence-building measures: using an internal control system, an internal audit of the control system, and external third party assurance.
Guidance on Improving the Quality of ESG Information for Decision-Making
There is growing need for ESG data that investors, lenders, and other financiers can rely on. The World Business Council for Sustainable Development (WBCSD) and FSR-Danish Auditors have published this guide to provide practical suggestions on how companies can improve the quality of (and confidence in) their ESG information by considering the fundamentals of internal controls. This guide will help you to present the business case for improving the quality of ESG information for decision-making; identify and understand necessary improvements; and make changes to benefit data quality, reporting, and monitoring.
Culture of Continuous Improvement: The CIO Interview with Kevin Chase, Energy Future Holdings
This 5-minute read covers an interview with Kevin Chase, CIO of Energy Future Holdings. Chase discusses the importance of continuous improvement and the role it plays in the IT department. Chase remarks that "sustainability and a culture of continuous improvement are the ultimate measures of success for an organisation," and he provides advice to first-time CIOs while discussing exciting future business trends.
The External Assurance of Sustainability Reporting
This report may be helpful if you are thinking about obtaining external assurance (from accountancy firms, engineering firms, sustainability services firms, etc.) for your organisation's next sustainability report. It covers the assurance process, potential outcomes of assurance, and assurance standards.
Generating Value from External Assurance of Sustainability Reporting
Assurance provides external validation of the financial, social, and environmental disclosures made within reports, and helps to enhance the credibility for lenders, creditors, investors, and other concerned parties. This report from WBCSD explains how disclosure can be enhanced by obtaining independent assurance statements, and provides key guidance from leading assurance providers and standard setters to help sustainability practitioners navigate the assurance landscape. It includes a multi-stage Assurance Maturity Model, which will help you to understand where your company is positioned; outline opportunities for improvement at each stage of the journey; and advance the maturity and clarity of your practices, commitments, and achievements.
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