Environmental, Social & Governance (ESG)
What is ESG?
In today’s evolving landscape, businesses are increasingly recognizing the importance of Environmental, Social, and Governance (ESG) factors. Integrating ESG principles into your operations not only demonstrates your commitment to sustainability and social responsibility, but also enhances long-term financial performance, mitigates risk, and attracts investors.
What drive the adoption?
Companies are increasingly embracing ESG principles for various reasons. Here’s some of the key drivers for ESG adoption:
Regulatory Landscape
ESG disclosure regulations are growing globally. Implementing strong ESG practices helps you stay ahead of the curve and avoid potential regulatory hurdles.
Brand Reputation & Stakeholder Engagement
Customers are increasingly conscious of a company's social and environmental impact. A strong ESG profile enhances brand reputation, attracts and retains talent, and fosters positive relationships with stakeholders.
Risk Management
ESG factors can pose significant risks to businesses. Proactive ESG management helps mitigate environmental damage, social issues within the workforce or supply chain, and governance weaknesses.
Investor Demand
Sustainable investing is on the rise. Investors are seeking companies with strong ESG profiles, believing they offer better long-term value and reduced risk. By demonstrating a commitment to ESG, you can attract capital and potentially lower borrowing costs.
Tailored solution for your success
We will customize our services, encompassing practice development, assurance and learning programs, to align with your specific needs and ESG goals. Table below outlines the comprehensive suite of advisory and audit services we offer to help your company to navigate the ESG landscape, manage risks and unlock the potential benefits of ESG adoption.
01.
ESG Advisory
We guide clients in building ESG practices by:
Developing or strengthening ESG framework
We help establish clear structures, policies and processes tailored to your organization.
Prioritization and Roadmap Creation
We collaborate with you to identify key ESG focus areas and create a practical roadmap for implementation.
02.
ESG Assessment
We provide independent audit and assessment services within the ESG domain:
Sustainability Operations and Process Audit
We assess the effectiveness of your sustainability practices and identify areas for improvement.
Sustainability Statement Assurance
We evaluate the accuracy and credibility of your sustainability disclosures.
03.
ESG Education Programs
We offer training programs to enhance your understanding of ESG:
Introduction to ESG and Regulatory Landscape
This program provides a foundational understanding of ESG concepts and relevant regulations.
ESG Policy and Process Implementation
This will equip your team with the knowledge and skills to effectively implement your ESG practices.
How do we add value?
Our team offers comprehensive advisory and audit services designed to help your company excel in the ESG arena. We understand the complexities of regulatory frameworks and ESG reporting, and can provide the guidance and expertise you need to:
Thrive in a Sustainable Future
We collaborate with you to develop and implement a robust framework, actionable strategies and a clear roadmap that minimize your environmental impact, promote social well-being, and foster strong governance practices.
Enhance Stakeholder Value
Through ESG assurance / assessment, we help you to build trust and credibility with investors, customers, employees, and other stakeholders.
Mitigate Risk and Improve Efficiency
Our proactive education and awareness program equips your team with the knowledge to comprehend ESG principles, focus on the material matters, and continuously refine the operational process and practice – leading to increased efficiencies and cost savings.
For more information on our service offerings or if you have specific needs/requirements, contact us at ryaservices@rya-audit.com.my