Convene ESG have recently been informed that some KPMG clients have been told to ensure their ESG reports should be auditable. Before we deep dive into why this is the case, it is important that you know Convene ESG provides a complete audit trail that is available to be exported at a moment’s notice. If you would like to learn more about Convene ESG’s extensive capabilities, please see our full features page.
What Is An ESG Report?
Firstly, let’s start with the simple definition of what is an ESG Report. An ESG Report will usually follow a standard and is a method of disclosing the success or lack thereof of your environmental, social and governance progress.
In the UK, there are currently no ESG exclusive required standards, however some sectors such as housing with the SRS have their own optional standards. These standards will eventually need to be auditable!
Why Should Your ESG Report Be Auditable?
There is an ongoing and growing trend in the auditing world of ensuring both your financial and non-financial disclosures are all externally audited.
It is essential that your ESG report should be auditable because your stakeholders, shareholders and lenders need to be sure that what you are reporting is not only factual and up to date but also presenting the highest quality data possible.
As the SRS expands, it is likely that banks will start to request checks and balances to verify the data. In the UK Housing Sector there is also the RITTERWALD Sustainable Housing Label, which allows for an in depth ESG Report that you can present to lenders with the assurance that all the data is audited.
How Can Convene ESG Help You With Your Audits?
Firstly, we have had clients join Convene ESG for the sole reason that they need their ESG reports to be audited. With Convene ESG, you can rest assured that the whole ESG report process is auditable. Convene ESG is also used for the RITTERWALD Sustainable Housing Label and other standards such as TCFD, SRS and CSRD, so you can complete all your reports on one platform.
Convene ESG is an ESG reporting solution designed for Housing Associations, with Housing Associations, to resolve your unique issues. We ensure that there is a smooth reporting process across frameworks by analysing them for you and ensuring you only have to input your data once and it gets carried across to the relevant sections.
We can also help you monitor your data collection with our helpful features such as a progress tracker. You can then download your report as a word or spreadsheet document with a simple click of a button.
If you would like to learn more please contact us or book a demo today!
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