CSR Report Verification
CSR report verification is a process in which an independent third-party organization reviews and verifies the social, environmental, and governance information disclosed in a corporate social responsibility (CSR) report. Its purpose is to ensure that the report content is truthful, complete, and meets relevant standards, thereby enhancing the transparency and credibility of corporate CSR reports.
Enhance the credibility of reports: Through independent verification, increase the credibility of reports to be recognized by investors, clients, and the public.
Compliance and regulatory compliance: Meets the social responsibility information disclosure requirements of regulatory agencies, industry associations, and rating agencies.
Promote responsible management: Help companies identify shortcomings in CSR management, propose improvement suggestions, and enhance sustainable development performance.
Enhance brand image: Demonstrate a company’s commitment to society, the environment, and stakeholders, and strengthen brand reputation.
International integration: It complies with international CSR disclosure standards, which helps access global supply chains and capital markets.
Core Content
1. Scope of Application
- Various enterprises and organizations that publish CSR or social responsibility reports.
- State-owned enterprises, central enterprises, and leading enterprises in the industry.
- Enterprises targeting international markets or multinational investors.
- Companies in the supply chain that have social responsibility compliance requirements.
2. Verification Basis
International Framework: GRI Standards, UNGC (United Nations Global Compact), ISO 26000
Domestic guidelines: Chinese Academy of Social Sciences’ “CSR Index Evaluation System” and Guidelines for the Disclosure of Corporate Social Responsibility Information by Listed Companies.
Audit standards: AA1000AS v3, ISAE 3000, ISSA 5000
3. Verification Content
Social Responsibility Practices: Philanthropic Investment, Employee Rights Protection, Supply Chain Management.
Environmental responsibility: energy conservation and emission reduction, pollutant management, and resource utilization efficiency.
Compliance and Governance: Anti-corruption, Information Transparency, and Compliance System Development.
Data reliability: Consistency between disclosed data and actual situation.
Verification Process
Requirements communication:
Clearly define the scope of verification, the standards to be used, and the timeline.
Document and data collection:
Review the draft CSR report and related supporting documents.
Interviews and Sampling:
Interviews were conducted with the company’s management, employees, and suppliers, and data was sampled and verified.
Comparison and gap analysis:
The degree of consistency between the assessment report and the actual implementation.
Issue a verification statement:
Publish third-party verification reports or statements.
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.
