ESG relates to the impact an organisation has on its internal and external stakeholders across the Environmental, Social and Governance elements of their business. It refers to criteria used to evaluate a company's operations and performance beyond financial metrics.
ESG and sustainability
The Australian government has introduced new sustainability reporting standards which requires certain entities to prepare an annual sustainability report. This has been a challenge for many organisations as they begin to meet their reporting obligations.
Why do organisations need to prepare a sustainability report?
Australian Sustainability Reporting Standards (ASRS) require certain entities to disclose information regarding climate-related risks and opportunities.
The accounting standards expect that an organisation’s climate disclosures include information about governance, strategy, risk management, and metrics and targets related to climate-related risks and opportunities.
Far from being a tick-box exercise, ESG is fast becoming a powerful business advantage. It helps organisations:
- Identify and mitigate risks linked to climate change
- Attract investors, customers, and employees who align with their values
- Improve operational efficiency and long-term profitability
ESG services
While the core elements of ESG and their benefits are well understood, identifying and benchmarking organisational practices against ESG best standards can be complex and challenging.
At PKF Parvate Sustainability, we partner with clients to navigate what ESG means for them and aligning implementation with their broader business strategy to drive measurable, sustainable value.
Our services include:
- ASRS reporting readiness assessment
- Gap analysis and climate baseline
- ESG maturity assessment
- ESG strategy and roadmap
- Sustainability training and education
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Corporate culture is the strongest driver of change in any organisation.
We are available to help you embed a culture of excellence in your business, enriched with a focus on ESG principles and practices.