Performing a successful ESG audit – UK companies

Category: Guide
Topics: Regulations
Published: 25 April 2024

Contents

What is an ESG audit?

Overview

We delve into the ingredients needed for a successful ESG audit, from understanding its purpose to navigating current regulatory requirements and overcoming common challenges.

Environmental, Social, and Governance (ESG) considerations are increasingly becoming integral to corporate strategy and decision-making – with investors and other key stakeholders seeking transparency in ESG initiatives. This is why ESG audits play such an important role. But what do they involve and where do you start? We cover all the essential details.

What is an ESG audit?

An ESG audit, short for Environmental, Social, and Governance audit, is a systematic evaluation of your company's performance in these key areas. It involves assessing your environmental impact, social responsibility initiatives, and governance practices to identify strengths, weaknesses, opportunities – and importantly, risks. The aim of an ESG audit is to provide stakeholders, including investors, regulators, employees, and the public, with a comprehensive view of your company's sustainability efforts and adherence to ESG principles.

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