Develop a Successful ESG Program with the Help of BKD Trusted Advisors™
The drumbeat for increased and more standardized disclosures on environmental, social, and governance (ESG) issues has grown louder in recent months, but the path ahead is still murky. There is no one-size-fits-all ESG program because every organization faces unique issues and risks. BKD’s team of trusted advisors has the information to help you define ESG, explain its potential effects, describe various ESG frameworks, detail reporting, and get started on building your program. Whether you are an energy company, an investment firm, or any industry in between, BKD has the expertise to help you navigate ESG.
It’s clear that the demand for more information is not going away; however, many key questions need resolution:
- Who will set the rules? The SEC, an existing advisory group, or a new group?
- Will it be principles-based or prescriptive guidance?
- Where should the information appear—SEC filing and audited financial statements or freestanding reports?
- Will audits or assurance be required?
The vast majority of the S&P 500 companies already voluntarily publish sustainability reports, but companies use a variety of reporting frameworks and standards. The Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations are common examples, but there is no standard solution for all organizations. Ideally, a phased approach might be the best path forward to building your ESG program.
Read on to learn more about our approach or contact us to get in touch with a BKD Trusted Advisor™ to begin building your ESG program today.