Lee-Anne Bac
Advisory Partner
The global economy is shifting towards sustainability and the urgency to act is greater than ever.
Sustainability touches on everything we do: social movements, international health crises, shareholder and investor values, global supply chains, energy transition, smart cities, climate change, nature-related risk and sustainable finance. All of these transformative world events are radically changing business worldwide.
Standards are rapidly changing to reflect the goals of all stakeholders and organisations. Investors and customers that fail to integrate environmental, social and governance (ESG) considerations into their core strategies risk falling behind. As non-financial and financial information become increasingly interconnected, companies are recognising the need to embrace ESG as important measures of success.
BDO’s sustainability services will help you implement sustainable business values, increasing your business’s resilience and value proposition. We can help you seize the opportunities, mapping the qualitative and quantitative changes necessary to position your organisation as a leader in sustainability.
There is value in data. Companies are typically well conversant with financial data, but the current shift in perspective means that investors are increasingly interested in the effects of non-financial data on financial outcomes. This poses more of a challenge to business as usual. BDO can help you transition your business from business as usual to business unique by identifying, implementing and integrating sustainability initiatives and ESG compliance.
Sustainability looks to protect our human and ecological health, while driving innovation and not compromising our - or future generations’ - way of life.
How BDO can help
Sustainable development can be defined as: ‘…development that meets the needs of the present without compromising the ability of future generations to meet their own needs’ (United Nations General Assembly, 1987, p.43). This definition guides BDO's approach to sustainability and ESG.
Our sustainability services seek to provide businesses with solutions related to ESG matters, in order for you to be compliant with relevant legislation. More importantly, we can give you a competitive advantage over your peers, allowing you to be recognised as an organisation that is doing the right thing and ensuring the future sustainability of your business and the planet.
We partner with our clients to develop cost-saving, brand-enhancing sustainability plans aligned with their overall goals. These plans can help our clients to optimise resource use, minimise waste and implement energy-efficient practices, all while strengthening their brand reputation and attracting new investors.
Our experienced team helps clients further by reducing their environmental impact, improving their social responsibility and attracting purpose-driven investors. We offer a comprehensive suite of services, including sustainability assessments, assurance projects and ESG compliance guidance. Let's discuss how BDO can help your business thrive in a sustainable future.
Our sustainability services aim to assist companies in identifying the environment, people and finances in their strategy formulation, policy and procedures, and how the E, S and G are interlinked and dependent on each other.
We can assist clients with the following three key action steps that will help ensure that your company is sustainable:
Tolerate
Reviewing policies and procedures to assist companies in keeping up with changes in legislation and reporting requirements, while also helping them manage the ongoing changes in national and global contexts.
Prevent
Helping companies reduce or alleviate the risks and challenges that arise from changes in legislation, while providing ethical solutions to mitigate changes for ongoing sustainability.
Accustom
In a changing world due to climate and ESG risks, we can help in terms of adaptation measures that are in line with legislation and ESG requirements. This includes stakeholder engagements, climate change disclosures and reporting, as well as carbon tax assessment.
These are our services:
Sustainability services
- Sustainability framework compilation
- Materiality assessment workshops
- Sustainability policy development
- Sustainability strategy development
- Sustainability roadmaps
- Sustainability training at board and management level
- Non-financial data management frameworks
- Outsourced ESG function provision
- ESG due diligence assessments
- Integrated reporting advice and strategy
- Carbon tax assessments
- Social licence to operate audits
- Stakeholder engagement models and frameworks.
Climate change services
- Greenhouse gas inventories (carbon footprinting)
- Climate risk assessments of physical and transitional risks
- Decarbonisation planning
- Task Force on Climate-related Financial Disclosures (TCFD) reporting
- International Financial Reporting Standards (IFRS) sustainability disclosures S1 and S2
- Climate mitigation plans
- Climate adaptation plans
- Climate change training at board and management level.
Integrated reporting services - please see Governance for more details
- Assurance of non-financial information: International Standard on Assurance Engagements (ISAE) 3000
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