ESG Reporting Frameworks, Standards, and Requirements

In an increasingly environmentally and socially conscious society, a company’s approach to sustainability and social responsibility is of utmost importance. Every company today has significant focus on developing and implementing a comprehensive Environmental, Social and Governance (ESG) program, that also covered their Corporate Social Responsibility (CSR) obligations.

The ESG program typically covers multiple areas, ranging from reducing a company’s carbon footprint to protecting the natural environment, and ensuring sustainable practices. Beyond that, a good ESG program also covers social responsibilities around human rights and ethical sourcing. Companies also look at making ESG programs more comprehensive by involving other stakeholders like their supply chain to ensure the overall ecosystem of the business is following the ESG guidelines.

Increasingly, companies are implementing Supplier ESG ratings in their supplier scorecards, thereby directly impacting the Supplier’s ability to win and grow business from companies that are socially responsible. This has enabled the overall industry to assess how they effectively manage their supply chain, combat climate change, increase diversity, and assess their social and environmental impact.

We deliver comprehensive ESG and CSR solutions that can start out with the design of an ESG strategy and framework, down to defining the policies and implementation plan.

We enable clients to align their ESG program with the United Nations(UN) Sustainable Development Goals (SDGs), to make sure that the program is set to a high standard, aligned to the global vision set by the United Nations.

Once a well structured ESG program is implemented, we support our clients in the Go Live phase, by helping them gather, manage, analyze and report on their ESG data, which is crucial to fulfill their non-financial, environmental, health, and safety reporting requirements. We combine our domain expertise with technology and managed services, to assist clients in advancing their sustainability strategies and become responsible businesses.

The success of an ESG Program depends on not just how sustainable you are; but also how you’re your supplier base is aligned to your ESG frameworks goals. Our ESG program enables you to gather information about your suppliers to make more informed supplier selection and alternatively discover new suppliers aligned with your ESG goals.

In the developing and implementing an ESG program, we ensure ethical sourcing by gathering information about Child Labor, Anti-Trafficking, Supplier Diversity, workplace safety, and other ethical sourcing practices. Here are some of the regulations we cover under Ethical Sourcing:

  • Modern Anti-slavery Act
  • Foreign Corrupt Practices Act (FCPA)
  • Customs-Trade Partnership Against Terrorism (C-TPAT)
  • Anti-boycott Compliance
  • Anti-Trafficking Trade Act
  • The Fair Labor Standards Act (FLSA)
  • Council Directive 94/33/EC
  • Supplier Code of Conduct
  • Supplier Diversity

Our ESG Services include:

  • Assessing your current ESG frameworks practices to identify gaps.
  • Strategizing and developing future-ready ESG guidelines and policies.
  • Establishing the ESG Strategy implementation plan to instill sustainability within the organization
  • Supplier ESG surveys, data validation, analytics and reporting
  • Advising internal teams on sustainable procurement practices
  • Training suppliers on the ESG program expectations
ESG Consulting

ESG Reporting Frameworks

ESG Training

ESG Supplier Survey