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Enhance credibility and trust in your company with accurate sustainability reporting and audits. We help you to effectively communicate sustainable practices and ensure regulatory compliance.
In today’s business world, sustainability is more than just a buzzword – it is a crucial aspect of corporate strategy. As auditors, we are predestined to (further) develop and audit your sustainability reporting. Our services help you to meet the growing demands of regulatory authorities, investors and the public. Together with you, we assess the status quo in your company. You will receive the results in an ESG audit report as an action plan. With such action plan, we ensure that your sustainability reporting not only complies with ESG reporting standards, but also that your commitment in the three areas of environmental, social and governance is geared towards potential value creation.
Our experts have extensive knowledge in the areas of environment, social responsibility and corporate governance (ESG). We offer you holistic support – from the initial gap and materiality analysis to strategy development and the audit of your sustainability reports. We use established voluntary frameworks such as GRI etc. or ensure the proper application of statutory frameworks (CSRD/ESRS, EU taxonomy) to ensure that your ESG reporting meets current and future regulatory requirements and effectively addresses your stakeholders.
Audit of non-financial information
Advice on ESG reporting
Nils Borcherding
Partner
German CPA, Certified Tax Advisor
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As part of the European Green Deal, the European Union has significantly developed the guidelines for sustainability reporting. With the publication of the Corporate Sustainability Reporting Directive (CSRD) in December 2022 and its entry into force in January 2023, companies were obliged to prepare their sustainability reports in accordance with stricter EU standards and undergo external audits from the 2024 financial year.
These audits, which are initially performed in order to obtain limited assurance, are to be expanded in the medium term to include audits to obtain reasonable assurance in order to further increase the quality and reliability of sustainability information and comprehensively satisfy the users’ information requirements.
The need for external audits of sustainability reports is now well established in order to ensure the credibility and accuracy of the information reported. Using the International Standard on Assurance Engagements ISAE 3000 (Revised), our auditors assess whether your sustainability information complies with the applicable ESG standards.
The audit process includes the evaluation of compliance with frameworks, discussions with those responsible and random checks in order to be able to provide a valid opinion on the reliability of the sustainability reports.
The audit of sustainability reporting is based on the criteria of relevance, completeness, reliability, neutrality and comprehensibility. Supporting the sustainability information with appropriate evidence is essential, whereby the type of audit procedures – limited or reasonable assurance – depends on the desired level of assurance. The final report, including the audit opinion, reflects these assessments and provides a well-founded evaluation of your sustainability reports.
Under the CSRD, which has already come into force, all companies subject to reporting requirements are now obliged to have their sustainability reports externally audited, starting with an audit to obtain limited assurance. In the coming years, there are plans to extend the depth of this assurance, which will provide even greater certainty, but will also place increased demands on the preparation of sustainability reports. We guide you through this process and help you to optimize the reliability and transparency of your sustainability information.