We offer a broad range of services as listed below;
- Sustainability reporting and assurance: From climate change to human rights issues, there is increasing urgency in company boardrooms to address the complex sustainability challenges facing the world.
- Impact assessment (Environmental Social Impact Assessment, Social Return On Investment): New and existing projects are under increasing scrutiny with respect to their potential impacts on natural and human environments and subject to rigorous assessment to understand and mitigate these impacts.
- Training and capacity building: IACL has an established history of working with organizations in the areas of skills development, knowledge transfer, and capacity building. Our interactive training program combines business priorities, foundational sustainability concepts, industry “toolkits,” and practical case studies to develop and enhance sustainability skills, knowledge, and awareness among generalists, practitioners, and corporate leaders.
- Supply chain Resilience and Sustainability: We work with companies’ supply chain, sourcing, and procurement functions to develop supply chains that deliver business value and are inclusive, resilient, and transparent, creating long-term benefit for all involved stakeholders.
- Corporate Sustainability & Climate Action Development: From climate change to human rights issues, there is increasing urgency in company boardrooms to address the complex sustainability challenges facing the world.
- Climate Risks and Opportunities Evaluation & Management: We accelerate your climate risks and opportunity journey through our deep understanding of the implications of the climate emergency and climate economy for the private sector including Task Force on Climate-related Financial Disclosures (TCFD).
- Strategy, Policy and Management Systems: Working out how best to integrate ESG into day-to-day business activities, investment processes and decision making can often be challenging. We have worked with Financial Institutions, Funds and Investee Companies to develop and implement strategies, policies and systems that add value, improve operational performance and meet internationally accepted standards.
- Strategic Communications & Stakeholder Engagement: Investors, customers, governments, communities, nongovernmental organizations, and employees all have different expectations, and organizations - both in the public and private sector - must proactively manage them all.
- Product Measurement and Assessment: From operations to products, business and enterprise alike have an impact to the environment and climate. We will provide you with bespoke services to measure and assess your product environmental impact via Life Cycle Assessment (LCA) and also calculate the environmental footprint assessment.
ESG stands for Environmental, Social, and Governance. Together, these three aspects make up a framework to evaluate issues pertaining to a company’s long-term health and prosperity. For many investors, it’s not enough to check off two boxes and leave one totally blank. They’re searching for thoughtful, forward-looking policies and programs in all three of these areas.
What kind of impact is your company having on the environment?
This can encompass issues of carbon emissions, runoff, disposal procedure, pollution of all kinds, resource efficiency, biodiversity, and history with environmental regulatory bodies.
If your company is falling short in terms of environmental responsibility, well investors are only getting more interested. On the other hand, excellent environmental stewardship can show commitment and capability to follow through.
What kind of relationships does your company have with the people in its ecosystem?
This covers how your company manages relationships with its employees, customers, suppliers, partners and communities.
Here’s where your employee treatment, benefits, pay, and diversity will be evaluated along with your company values and how they have (or haven’t) been put into practice. Matters of human rights, sourcing, customer service, and customer protection will also factor into this criterion, as well as the social impact that your operations have left on the surrounding area.
How does the board of directors run the company?
This aspect involves examining the executive governance of the company. Investors will evaluate stakeholder incentives, executive compensation, bonuses, prioritized metrics of success, matters of corruption, conflicts of interest, levels of transparency, and the hierarchy of governance.
There are many reasons why organizations do it and have done it for many years now. For us, two of these reasons are big enough on their own to justify the time and resources dedicated to this:
Because it has been proven in many studies that having a solid ESG strategy makes organizations more resilient because they recognize risks and opportunities that otherwise could have been lost.
Because investors are moving in this direction (there are more than 3,300 signatories of the UN’s PRIs and growing each year) and thus they will require more disclosure and better ESG strategies from the companies or platforms in which they invest.
Before beginning an ESG plan, conduct a readiness assessment. If you build an ESG strategy that isn’t suitably supported, there are potential risks to your organization’s reputation and strategy effectiveness.
The readiness assessment should identify your desired state and whether you have the organizational resources, skills, data, and capacity to get there; if not, what gaps exist, and what resources may you need to address those gaps?
Each organization’s capacity, culture, and skills will vary, but your ESG committee can help identify existing resources across the organization. If gaps remain, part of your ESG strategy can include initiatives to address them.
The most important part of your ESG strategy is deciding what and how to report your progress toward achieving outcomes. You’ll want to tell your own story and provide timely, relevant information to your stakeholders. For each outcome area, identify meaningful performance metrics.
Performance metrics will vary for each organization based on your unique operations and the outcomes you’ve established. Assess the data you have available, identify any gaps you want to fill, and ensure that the data you report is reliable and accurate.
Consider creating a performance dashboard to report your ESG targets and metrics. A successful ESG dashboard will be a snapshot of status and trends over time, show performance against defined targets, and encourage dialogue about progress towards goals.
Providing a regular report to your board, on a quarterly or biannual basis, will help you to monitor progress and continue to refine your goals as your ESG strategy matures.
Many organizations also develop narrative ESG reports detailing their data, efforts, outcomes, targets, and other relevant information.
ESG reports can be powerful communication tools to your staff, board, investors, the public, and other stakeholders. They demonstrate transparency and awareness that your organization’s operational and business goals are in service of your values.
There are several existing frameworks and standards that can help guide your reporting efforts, but there’s no universally accepted framework at this time. Many companies also look to CPA firms to validate the reliability of their ESG disclosures through third-party assurance.
You may already be taking actions that could qualify as ESG activities. By improving your environmental footprint or diversifying your workforce to help meet sustainability or cultural goals, your organization could have opportunities to boost cash flow and reduce tax liabilities.
Here are a few example activities:
- Improve energy efficiency in buildings you own or operate
- Design, develop, or improve your products, process, techniques, formulas, or software to enhance your environmental practices
- Cultivate an inclusive workplace culture that supports career development and retention of a diverse workforce
- Invest in solar and other renewable energy projects or affordable rental housing
- Rehabilitate a historic building you own or operate
- Conduct annual board self-assessments and governance best practices training