Climate Change Report Verification
Climate change report verification is a process in which independent third-party organizations review and verify climate-related information disclosed by companies, based on relevant international or domestic frameworks and standards. Verification covers greenhouse gas emissions, climate risk and opportunity management, adaptation and mitigation strategies, and other aspects, aiming to ensure the accuracy, completeness, and compliance of the reports. Through verification, companies can improve the transparency and credibility of their climate-related disclosures, better addressing the needs of investors, regulators, and stakeholders.
Enhanced compliance: Meets the climate information disclosure requirements of domestic and international regulators and exchanges.
Enhanced transparency: Verified by third parties, increasing trust among investors, clients, and the public.
Support strategic decision-making: Help businesses identify climate risks and opportunities and optimize their responses.
Internationally recognized: It aligns with international frameworks such as TCFD and ISSB, facilitating access to global capital markets.
Brand and Reputation: Demonstrating a company’s responsibility and commitment to climate action and sustainable development.
Core Content
1. Scope of Application
- Companies and financial institutions that publish climate change or sustainability reports
- High-emission industries (energy, chemical, transportation, manufacturing, etc.)
- Listed companies facing climate information disclosure regulations
- Enterprises planning to participate in green finance, low-carbon investment or international sustainability assessment
2. Verification Basis
International Framework: TCFD (Working Group on Climate-Related Financial Disclosures), ISSB, IFRS S2, CDP Disclosure Standards
Domestic Policy: Guidelines from the Ministry of Ecology and Environment and stock exchanges regarding climate information disclosure
Audit standards: AA1000AS v3, ISAE 3000, ISO 14064
3. Verification Content
Greenhouse gas emission data: Emission accounting for Scope I, II, and III
Climate Risks and Opportunities: The Integrity of the Identification, Assessment, and Disclosure Process
Governance and Strategy: Climate-Related Governance Frameworks, Strategic Objectives, and Action Plans
Goals and Progress: The rationale and pathways to achieving carbon peaking, carbon neutrality, or net zero targets.
Information consistency: The degree of matching between the data disclosed in the report and the actual operating data of the enterprise.
Verification Process
Scope Definition:
Clearly define the verification targets (greenhouse gas emissions, risk management, strategic disclosure, etc.).
Document Review:
Review climate change reports, related policies, and basic data.
Interviews and On-site Verification:
Interviews with management and relevant departments to verify key data and processes.
Gap Analysis:
Identify deficiencies by comparing with international/domestic standards and propose improvement suggestions.
Issue a Verification Report:
Issue third-party verification statements for companies to disclose or use externally.
Verification Cycle
Single-topic Climate Disclosure Report:
3–5 weeks
Complete Corporate Climate Change Report:
6–8 weeks
Verification Across Multiple Sectors for Large Groups or Multinational Corporations:
8–12 weeks
SUSTECH
SUSTECH is an innovative technology service company with artificial intelligence, big data, and blockchain at its core. We specialize in ESG (Environmental, Social, and Governance) testing, certification, and compliance management, helping companies achieve their sustainable development goals. Through digital and intelligent means, we are redefining the testing and certification industry, making ESG compliance more transparent, efficient, and credible.
Core Advantage: Technology-enabled ESG Compliance
Intelligent ESG Data Acquisition and Analysis
- IoT Environmental Monitoring: Real-time collection of data on enterprise carbon emissions, wastewater discharge, energy consumption, etc., and automatic generation of ESG reports.
- AI carbon footprint calculation: Based on supply chain data, it accurately calculates the carbon footprint of a product throughout its entire lifecycle, in accordance with international standards such as ISO 14064 and GHG Protocol.
ESG Certification and Rating Optimization
- Automated compliance checks: AI compares data against global ESG standards (such as GRI, SASB, TCFD) to identify ESG risks for enterprises and provide improvement suggestions.
- ESG Rating Enhancement Solution: Combining industry best practices, we develop actionable ESG optimization strategies to help companies improve their ESG ratings from MSCI, S&P, and other ranking bodies.
Blockchain-based Evidence Storage and Transparent Traceability
- Tamper-proof ESG reports: All test data is stored on the blockchain to ensure traceability and auditability, enhancing the trust of investors and regulators.
- Supply chain ESG penetration management: Tracking supplier ESG performance to ensure compliance with the requirements of major international manufacturers.
