Environmental, Social & Governance Consultancy
ESG stands for environmental, social and governance and it refers to a set of criteria used to evaluate an organisation’s performance and impacts in these three areas. ESG criteria are used to make the sustainability efforts of an organisation measurable and quantifiable.
Sustainability is the framework to make an organisation responsible in a number of areas, such as its environmental impacts, human rights and community issues, labour and operating practices, client processes and organisational governance. Responsible and ethical practices can sustain the long-term health and well-being of the organisation, the planet and its people.
It’s no secret that it’s a world of new priorities for businesses that is dynamic and shaped by many different factors besides profit. The list includes:
- increased demand for diversity, equity and inclusion (DEI) in the workplace;
- transparent and accountable governance structures;
- mitigating climate change-related impacts that lead to increased operational and insurance costs; and
- embracing circular economy principles, due to increased demand for sustainable organisations, products and services from clients.
If you don’t embrace this new business reality and adapt as an organisation, you will endanger your long-term survival and put your clients at risk.
There are many benefits of taking organisational action on ESG, which include:
- achieving regulatory compliance, avoiding fines and reputational damage;
- improved risk management, so that you can identify all relevant risks and opportunities linked to ESG issues;
- promotion of innovation and operational efficiencies by identifying areas of inefficiency, enhancing productivity and reducing operating costs;
- addressing stakeholder expectations, which are increasingly becoming more important, beyond just shareholders and investors, providing the organisation with a social license to operate;
- accessing more capital at more favourable terms, and gaining a competitive advantage in the marketplace; and
- attracting and retaining high-calibre employees and loyal customers.
All of these reasons can help create long-term value for your brand, a global reputation that can positively influence relationships with government bodies, partners, NGOs, etc., improve returns and give rise to new growth opportunities. Embedding ESG in the organisation’s operations, ethos and culture is more than a compliance tick box exercise, it’s a new way of being for companies who wish to be resilient and remain competitive in the marketplace.
Our ESG consulting services
Our firms can help you at any stage of your ESG journey, whether you are just starting out or you’re further advanced.
Our services include:
- ESG reporting, compliance with regulation and assurance
- ESG strategy development (including gap analysis and materiality assessments), climate change risk assessment and stakeholder engagement
- Circular economy practices (carbon, waste, energy and resource management) to achieve net zero
- Sustainability standards and policies and ESG training and executive coaching
- Sustainability supply chain management
We can support you in your ESG reporting and other legal requirements, whether you’re based in the EU, North America, Latin America, Asia Pacific, Middle East or Africa. We can also provide assurance services to your existing sustainability or ESG report, as prescribed by key pieces of legislation such as the EU’s Corporate Sustainability Reporting Directive (CSRD).
We can work with you to develop an ESG or net zero strategy, by undertaking climate change-related risk assessments, gap analyses and double materiality assessments and by involving your stakeholders, to establish a baseline and work to improve your performance.
We can help you to implement circular economy practices in your operational day-to-day, covering energy, waste, carbon and resource use, to improve efficiencies, reduce costs and move towards net zero.
We can provide training to employees and executive coaching to senior management on ESG, and help you implement various standards and policies to improve your ESG performance, such as the GRI standards, the Task-force on Climate-related financial disclosures (TCFD), the United Nations Sustainable Development Goals (UN SDGs), the CDP, various ISO standards and more.
We can also help you manage your supply chain to improve its ESG performance and minimise your risks.
ESG reporting
This service ensures your organisation’s environmental, social, and governance (ESG) practices are accurately reported, fully compliant with relevant regulations, and independently verified. It enhances transparency and builds stakeholder trust.
ESG strategy development
We partner with you to develop a tailored ESG strategy that aligns with your organisation’s values and goals. Through gap analysis and materiality assessments, we identify critical ESG issues, assess climate risks, and engage stakeholders to prioritise and address sustainability challenges effectively.
Circular economy
We help you embed circular economy principles into your operations, focusing on reducing carbon emissions, minimising waste, and optimising resource use. Our approach supports your journey to net zero, ensuring long-term resilience and sustainability.
Sustainability standards and policy development
We guide you in establishing robust sustainability standards and policies that meet international benchmarks. Our ESG training and executive coaching equip your leadership with the expertise needed to lead and sustain your organisation’s commitment to ESG principles.
Sustainability supply chain management
This service optimises your supply chain by integrating sustainability principles. We ensure that your supply chain operations minimise environmental impact, enhance social responsibility, and comply with ESG standards.
What are Kreston Global’s Environmental, Social and Governance standards?
Our experts have been following the ESG standards globally as they develop. These developments underpin all our services and ESG activity. You can find out more about the most recent ESG developments and what they mean for your business here.
Depending on which region in the world you’re located, your firm and your clients may have to comply with different pieces of legislation on ESG. The region that is currently the most advanced in terms of its legal framework on ESG, is the European Union, with key pieces of legislation such as the Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy, the Sustainable Finance Disclosure Regulation (SFDR) and the Corporate Sustainability Due Diligence Directive (CSDDD), applying to organisations based in and operating in European territories.
However, other regions of the world are also taking action, legal and otherwise, related to ESG disclosures, so our network of firms covering the EU, North America, Latin America, Asia Pacific, Middle East and Africa, are ideally placed to support you and your clients at any stage of your ESG journey.
The first step is to understand what applies to you. Typically the size of your organisation (in terms of employees, turnover, assets and IPO status) will determine your ESG reporting requirements. Our expert ESG advisors can support you in understanding which legal requirements apply to you, and what actions you can take to comply. Our ESG experts can also explain the extensive voluntary frameworks, standards, raters and rankers that exist in the sustainability and ESG space, so that you can choose to implement whichever option is best suited to your organisation, sector and industry, to help you improve your ESG performance.
Why choose Kreston Global’s ESG services?
The firms in the Kreston Global network are ideally placed to support you in your ESG journey. Our seasoned ESG experts have multiple years of practical experience in the sustainability sector, having worked with both public and private sectors, across a range of industries.
Our ESG experts can support you whether you’re just beginning to understand what your ESG impacts are, or if you’ve been taking actions to improve your ESG performance for years.
Our firms adhere to the highest professional standards for quality, and are themselves taking actions to embed ESG into their own day-to-day operations, ethos and culture, with many firms achieving certifications to prove their dedication to ‘walking the talk’. Whether you’re a small or medium-sized organisation or a multi-national organisation with offices in many world regions, our firms can draw on the Kreston Global network to provide you with local and international knowledge and expertise and deliver bespoke ESG services tailored to your specific needs.
Contact Kreston Global to find out how we can support your business with our ESG Services
Want to know more about our ESG services? Get in touch:
Key contacts
Head of Advisory Services on Sustainability, ESG & Climate Change at Kreston ITH, ESG Advisory Committee lead
Senior Manager, CBIZ Risk Advisory Services and ESG Advisory Services and Member of the ESG client solutions subgroup of the Kreston Global ESG Advisory Committee
Managing Director, CBIZ Risk Advisory Services and ESG Advisory Services, ESG Advisory Committee member
Partner – Head of Advisory Services on Sustainability, ESG & Climate Change at EXCO A2A Polska, ESG Advisory Committee lead of the members’ solutions subgroup
Head of Sustainability Managing Partner, Kreston Van Herwijnen, Head of Advisory Services on Sustainability, ESG & Climate Change at Kreston NL, Member of Kreston ESG client solutions, Member of Kreston Global ESG Advisory Committee
Partner K Rangamani and Associates LLP, India and Member of the Regulatory Sub-Group of the Kreston Global ESG Advisory Committee
Head of Sustainability Consulting Services, Kreston Bansbach, Germany and Member of the Kreston Global ESG Advisory Committee
Our ESG services are provided in the following locations:
Africa
Asia Pacific
Europe
Middle East
North America
South America
Further reading
Green hydrogen in Mauritania: Advancing a towards sustainable energy future
New plans have recently been announced to develop a $34 billion green hydrogen project in Mauritania. The country has taken ambitious steps in energy transition, with a focus on green hydrogen as one of the pillars of its strategy
ESG in Brazil: Carbon market to transfer pricing challenges
Discussions about ESG strategies have increased on a global scale, with ESG in Brazil actively developing its own initiatives.
