ESG Report Verification
ESG report verification involves an independent third-party organization conducting a systematic audit of the information quality of a company’s ESG report. The core objective is to ensure that the report data is accurate, the disclosure is complete, and the indicators are consistent, thereby enhancing the report’s credibility and stakeholder acceptance.
Enhance credibility: Independent third-party verification enhances investor, client, and public trust in ESG reports.
Meet compliance requirements: comply with the information disclosure requirements of regulatory agencies and capital markets and avoid compliance risks.
Promoting sustainable management: Helping companies identify areas for improvement in ESG management and drive long-term value creation.
Brand and Reputation: Demonstrating a company’s responsibility and transparency in sustainable development.
International Connectivity: Supports enterprises to access international capital markets and meets the information needs of overseas investors.
Core Content
1. Scope of Application
- Listed companies and companies planning to go public
- Financial institutions (banks, funds, insurance)
- Large manufacturing, energy, transportation, and consumer goods companies
- Companies that need to meet regulatory or supply chain ESG requirements
2. Verification Basis
International frameworks: GRI, SASB, TCFD, ISSB, CSRD, etc.
Domestic guidelines: ESG reporting guidelines from the Shanghai and Shenzhen Stock Exchanges, and sustainable development information disclosure requirements from the State-owned Assets Supervision and Administration Commission.
Relevant standards: AA1000AS v3, ISAE 3000, ISSA 5000, ISO 14064, etc.
3. Verification Content
Data integrity: emissions data, energy consumption data, employee diversity, safe production, etc.
Disclosure compliance: Whether it complies with regulatory and framework requirements.
Information consistency: Comparison of reported information with actual operational data.
Internal control effectiveness: ESG data collection and management process.
Verification Process
Communication and Planning:
Confirm the scope, standards, and timeline for verification.
Data collection and interviews:
Obtain enterprise ESG data and internal policy documents, and interview relevant personnel.
On-site verification:
Sampling verification of data sources and management processes.
Gap Analysis:
Identify gaps with standards/frameworks and propose improvement suggestions.
Report issued by:
Issue third-party verification statements/certification reports.
Verification Cycle
Small Business/Single Topic Report:
2–4 weeks
Complete ESG Report for Medium and Large Enterprises:
6–8 weeks
Verification of multinational corporations or multiple business segments:
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.
