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SGS unveiled three essential services to support Corporate Sustainability Reporting Directive (CSRD) compliance and advance environmental, social, and governance (ESG) reporting and disclosures.
"With the launch of our IMPACT NOW suite, we are providing organizations with innovative solutions to navigate CSRD compliance and enhance ESG reporting. This trio of services offers the clarity and confidence businesses need to address sustainability challenges, meet regulatory expectations and contribute positively to a more sustainable future," says Géraldine Picaud, CEO of SGS.
Key takeaways:
- SGS’ CSRD Pre-Assurance caters to organizations wishing to identify gaps and weaknesses and strengthen their reporting approach through a confidential “dry run.” This approach minimizes the risk of receiving a qualified assurance opinion when undergoing future public assurance.
- SGS’ CSRD Pre-Assurance includes s gap analysis of processes and disclosures against European Sustainability Reporting Standards (ESRS) requirements; constructive feedback on aligning data points, ESG targets and reporting processes; a comprehensive review of the reporting structure; and a detailed pre-assurance report.
- SGS‘ ESG Disclosures & Sustainability Report Assurance solution provides independent verification, validation and assurance for organizations aiming to disclose their ESG information publicly. Benefits entail compliance with regulatory standards; ensure ESG data integrity and transparency; mitigate legal risks and avoid greenwashing; inspire peers and foster ESG innovation; and strengthen internal reporting frameworks.
- SGS’ ESG KPI Verification & Assurance service independently validates the metrics and targets in ESG disclosures to reduce borrowing costs through sustainable finance transactions; greater preparation for an initial public offering (IPO); validate ESG claims and assess supplier performance; and facilitate due diligence and reveal potential compliance issues.
