- Desk top reviews of sustainability related policies. Gathering information regarding the Company’s adherence to the principles as required by internationally recognised standards.
Risk assessment through evaluation and impact to operations from sustainability to obtain evidence and information.
- In depth review of sustainability performance. Interviews with members of the Management, project teams, and other stakeholders, verifying the commitment of the Company’s management and the presence of systems and procedures.Review of internal control monitoring systems, reporting and projects to evaluate impact on performance indicators. Peer reviews and benchmarking analysis.
- Review of Sustainability and Integrated reports. Review of assurance protocols, performance indicators and case studies necessary to provide conclusions, make recommendations regarding the nature and extent of the Company’s adherence to the Principles Standard. Create management letter, classify observations and findings, and issue assurance statement.
“By providing external validation of disclosures and of the processes undertaken in producing those disclosures, assurance can increase the confidence of capital providers and other stakeholders using non-financial information to guide their decision-making.”
WBCSD ICAEW 2019
“People need reliable corporate information to decide if they will invest, buy products or sign an employment contract. Non-financial corporate information (NFI) is essential to get the full picture of a company’s performance, which financial information alone cannot provide anymore. Independent assurance enhances the quality and reliability of the NFI that companies report. Professional accountants have experience in providing independent assurance, and they abide by standards on quality and ethics. (…) They support companies shifting their focus to long-term horizons and help emphasise value creation for the business and its key stakeholders.”
Vita Ramanauskaite, Advisor, Accountancy Europe, 2018
“So, in conclusion, there are compelling reasons for assurance of non financial reporting to focus on management and governance processes and qualitative statements about value creation and values in company reports at least to the same extent as quantified data – if not more. It is not easy – many things worth doing are not – but some fresh thinking about the scope of assurance and what constitutes appropriate evidence is needed. Large companies with significant reach and impacts who increase the scope of their assurance engagements could reap significant benefits from increased credibility and trust and independent advise on their processes.”
Carol Adams, May 2016