Sustainability Reporting Review and Assurance
Internal review and external assurance increase stakeholder confidence in the accuracy and reliablility of the sustainability information disclosed.
To achieve a sustainable competitive advantage for your business, the organization is obligated to deliver a high-quality and reliable sustainability report. With the increasing awareness of sustainability, investors and key stakeholders seek more transparent and reliable data and information to be presented in the sustainability report to win the stakeholders’ trust.
In Dec 2021, Singapore Stock Exchange (SGX) is recommended all issuers to subject sustainability reporting processes of internal review, sustainability reports to be issued together with annual reports unless issuers have conducted external assurance, with the effective date of 1 January 2022.
What is Internal Reviews and External Assurance?
| Sustainbility Reporting Internal Review | 
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An internal review of the sustainbility reporting process builds on the issurer's existing governance structure, buttressed by adequate and effective internal controls and risk management systems. The internal audit function conducts the internal review, and may involve relevant functions, such as risk management, sustainability or other speciality functions.
What ESG & Biz Solution can help? ESG & Biz Solutions provide you the most professional sustainability Reporting Internal Review service by developing the internal audit plan, understands the key aspects of the sustainbility report, stakeholders communication, data verification, etc. Our internal review shall be conducted in accordance with the International Standards for the Professional Practice of Internal Auditing issued by The Institute of Internal Auditors. |
Sustainbility Reporting External Assurance | 
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Sustainability Assurance refers to the independent validation to make sure the credibility, reliability and validity of sustainability information. The External Assurance offers the following benefits: ●Strengthens awareness of sustainability risks;Integrating environmental and social issues with enterprise risk management processes; ●Enhance the trust of external stakeholders, hence increasing the organisation’s value; Gaining stakeholders' confidence in sustainability information accuracy and reliability; ●Maintaining a comprehensive understanding of organization‘s governance mechanisms;Increase opportunities for future development; What ESG & Biz Solutions can help? We help organisations conduct sustainability reporting external assurance under the Internatila Standards on Assurance Engagements (ISAE)3000, the Singapore Standards on Assurance Engagement (SSAE) 3000, the AA 1000 Assurance Standards and relevant ISO standards. |
How Can ESG & BIZ Solutions Assist?
●We assist organisations in conducting internal review;
●We provide external assurance of your sustainability report;
●We will work with your team to carefully understand the scope of sustainability assurance you need;
●We will close study on rigor and integrity of your data and the method of you collecting and governing the data;
●We will verify the accuracy of your sustainability data report and review your sustainability disclosure;
● We will submit a report to summarize our conclusions and recommendations;
If you need more information, please email contact@esg-biz.com