Environmental, Social and Governance – ESG Consulting

Definition of ESG

Apart from the environmental issues like climate change, environmental protection, ESG covers social issues like a company’s labour practices, talent management, product safety and data security. It also covers governance matters like board diversity, executive pay and business ethics.

Full form of ESG stands for Environmental, Social and Governance.

• E in ESG, environmental criteria, includes the energy, waste, resources used, carbon emissions, climate change and the consequences for the ecosystem as a result.
• S, social criteria, address labour relations, diversity and inclusion.
• G, governance, is the internal system of practices, controls, and procedures a company adopts in order to govern itself, make effective decisions, comply with the law, and meet the needs of external stakeholders.

Just as ESG is an inextricable part of any business, its individual elements are themselves intertwined.

Any development project needs substantial investment. This investment can come from domestic as well as international banks & financial institutions.

The investors are required to assess the viability of the development project in terms of environmental, social & business ethics-related risks.

They also need to understand a company’s long-term value creation plan.

ESG reporting by an independent third party provides investors with credible and standardised information on the risks and their mitigations.

Any ESG Consulting projects and ESG reports are developed based on certain national and international standards. Country-specific legal requirements form the basic requirements for any Environmental, Social & Governance reports.

IFC (International Finance Corporation ) Performance Standards (PS 1 – 8), World Bank EHS Guidelines, Labour Standards from ILO, ISO 26000, SEBI – Business Responsibility and Sustainability Report (BRSR), Sustainable Accounting Standards Board (SASB), Guidelines from relevant Stock Exchanges are also used very frequently.

However, ESG Consulting projects are generally based on project-specific ToR (Terms of Reference). A Tor provides detailed requirements of the standards to be followed.

As one of the leading ESG consultants in India, Consultivo helps organisations to meet and improve their performance in line with global Environmental Social and Governance standards.

Materiality is the principle of defining the social and environmental topics that matter most to your business and your stakeholders. Many times, organisations face challenges in identifying material issues.

Assessing Materiality helps an organisation to find out the real issues which are critical most to the business as well as the stakeholders, and prioritise the activities accordingly.

As one of the practicing ESG Consultants in India, Consultivo offers Stakeholder Mapping, Materiality Assessment & Stakeholder Engagement Solutions

Consultivo is one of the practicing ESG Consultants in India and it’s neighbouring countries.

Our Environmental Social and Governance Consulting services include risk assessment, due diligence and impact assessment services for responsible and impact-oriented investors.

As an Environmental Social and Governance Consultant in India, we help financial capital providers to systematically use environmental, social and governance (ESG) factors in their investment decisions.

Being one of the leading ESG Consultants we help organisations with the following ESG related consulting solutions:

• Development of ESMS System
• Materiality Assessment
• ESG Reporting
• Capacity Building
• SEBI BRSR Advisory and Consulting
• Carbon Footprint and Accounting

We help you to respond to investor engagement, increasing pressure to perform well in ESG terms and ESG rating agencies and define your own ESG strategy.

Our ESG Consulting practice include risk assessment, due diligence and impact assessment services for responsible and impact-oriented investors. We help financial capital providers to systematically use environmental, social and governance (ESG) factors in their investment decisions.

Our team of ESG Consultants in India has rich experience in environmental protection and sustainable development, especially IFC & World Bank Guidelines, ILO Guidelines, GRI Standards, health and safety risk management, ISO 45001, ISO 14001, ISO 26000, and ISO 31000, Corporate Social Responsibility, Community issues and Business Ethics.

Investors are increasingly aligned to understand a company’s long-term value creation plan and receive credible, standardized information. They are urging companies to build ESG considerations into their long-term strategy. In brief, they are keen to know how an organisation manages its ESG risks.

A strong ESG proposition helps companies to reduce cost and at the same time, in top-line growth.

Being thoughtful and transparent about ESG risk enhances the long-term value.