Sustainability business risk assessment and internal audit
Today’s challenges are tomorrow’s opportunities
The EY CCaSS team maps your organisation’s environmental, social and governance risks (ESG) and develops a policy to monitor and mitigate risks and respond to opportunities. We use the COSO framework as a starting point. Internal audit schemes are always tailored to the needs of the organization.
Our Sustainability Risk Navigator provides a risk profile for your company with prioritization of challenges on ESG topics. The content of the questionnaire leading to the risk profile is based on the GRI (Global Reporting Initiative), the international framework for sustainability reporting.
Based on this profile, we look for opportunities and improvements in line with your company’s future vision. In order to work on your ambitions and objectives, the EY CCaSS team offers recommendations to improve your short and long term performance.
with the support of the Flemish government. The tool aims to create a comprehensive and user-friendly but generic sustainability approach for SMEs.
The approach is both scientifically-based and practice-oriented, with a lasting measurable impact. It offers a management process approach for self-managing teams in organisations where various sustainability aspects can be rolled out and monitored in day-to-day operations.
The Sustainability Navigator is based on a system of continuous improvement in 5 steps:
The tool offers a fully individualized dashboard of 15 sustainability and optimization themes spread over 3 levens and 15 themes:
The tool has the following major advantages:
- a systematic approach that applies to all facets of the organisation
- a simple model with clear phases and milestones
- an accessible, comprehensive approach
- a measurable impact of the actions taken.
The Sustainability Navigator is the starting point for improving your business.
ISO management systems (9001, 14001, 45001, 26000)
Integrated management systems: the keys to sustainable success
In larger or rapidly growing organizations, management systems are a necessity to standardize processes. Unfortunately, there are some pitfalls. Exceedingly, well-defined processes within different systems might prevent creativity and opportunities, which could lead to a silo mentality. EY Climate Change and Sustainability Services’ pragmatic approach ensures management systems do the trick: boost the company’s efficiency and results without blocking innovation.
Comprehensive context analysis
A 360° assessment of the internal and external context is the starting point for the set up of quality, environmental sustainability, safety and energy management systems.
Integration systems and strategy
Your management system is the spearhead of your business strategy. Unfortunately, a system is often developed alongside the company’s vision. We start top-down and ensure that all steps in the organisation are logical and understood by every stakeholder. From our Sustainability Navigator we develop an approach to product and service excellence, operational excellence and organizational excellence, whilst knowing that quality requires a helicopter approach.
Assurance through leadership and involvement
'Tone at the top' is important, but so is 'understanding at the bottom'. For a system to live, everyone must be involved and be able to define their role within the whole and determine how they contribute to the company’s goals.
Reporting and assurance
Once the organisations’ strategy, operations and performance metrics are aligned, it should be possible to report back to all internal and external stakeholders.
Extra-financial reporting is a means of disclosing and attracting attention to sustainable aspects of your business strategy, e.g. programs focused on key facets of sustainability, corporate governance, risk management and stakeholder engagement. An organisation can collect these disclosures in a separate sustainability report – annual or integrated. Following investor preferences, leading organisations increasingly use Integrated Reporting.
Stakeholder engagement on performance reporting will also provide relevant input for the perception of your organisation’s reputation and for future ambitions.
Reporting and assurance answer:
- increased pressure to deliver proof of achievements to different stakeholders;
- the desire to maximize the value of (sustainability) actions the organisation takes.
A sample of our services
- Support to develop extra-financial reporting on commitments according to international standards (e.g. IIRC, GRI, conflict minerals disclosure; REACH.);
- Independent assurance (a selection of KPIs) of sustainability and integrated reports, and any other reporting of commitments in order to confirm the reliability and completeness of data as well as compliance with (non-financial reporting) standards and guidelines;
- Help in elaborating automated data collection, analysis and consolidation processes;
- Assurance readiness checks to assess whether the control processes used for a selection of KPIs are robust enough to be externally assured;
- Preparation of verified sustainability communication (e.g. report, marketing texts)
Our team is part of the expert panel on waste and circular economy from the Global Reporting Initiative (GRI).
Sustainable development goals
Global challenges are local business opportunities in disguise
At the end of 2015 the United Nations designed a sustainability agenda with 17 objectives for companies and governments in order to, among other things, decouple our economic growth from its ecological impact.
Our Climate Change & Sustainability Services team has extensive experience linking your operational and strategic objectives to the Sustainable Development Goals. Therefore, we always take a pragmatic approach tailored to your needs.
This can include:
- an opportunity analysis of your activities in a global context;
- a materiality exercise with all external stakeholders in the chain;
- communication of your sustainability initiatives within the framework of the SDGs
Together with the management, we select the most relevant SDGs for your business. Afterwards, you have all the building blocks to focus your business strategy on sustainable economic growth for the next 15 years.
Sustainable Supply Chain & Ecovadis
Built on 3 pillars (People, Process and Platform), Ecovadis provides reliable CSR ratings and scorecards covering 21 CSR indicators, 190 commodities, and 150 countries. The methodology is built on international CSR standards, including the Global Reporting Initiative, the United Nations Global Compact, and the ISO 26000, covering 190 spend categories and 150 countries.
Our team is an official training partner of Ecovadis and provides training and tailored help to suppliers taking the Ecovadis survey.
Atypical problems need atypical solutions
You can categorize services, but problems don’t come with an identification tag. We provide a hands-on, pragmatic approach and cooperate with our clients to find the most efficient way to tackle their problems. Experience has taught us that finding the root cause of a problem is the key to success. Contact us to find a way to overcome your business headaches, and, together, we’ll pave the way to more profit and value.
Values and corporate culture
Companies struggle with the big why – just as humans do. What is the purpose of our company? Is it solely to make profit? Probably not. We help you with our unique and open approach to establish the why for your company, to elaborate it in values and to turn these values into behavioral compasses that stick with your employees.
This exercise can be the step stone towards becoming an employer of choice and is strongly linked with our sustainable HR advisory. These services are offered to a selected number of clients by our most senior staff.