ESG Reporting

ESG analysis and reporting can offer insightful information and support the creation of long-term value for stakeholders. It helps the business to be more open about the dangers and chances it confronts.

About ESG Reporting

Transparency about ecological and socially responsible actions is becoming more and more desired. Companies must answer to a variety of stakeholders, including shareholders, clients, workers, and nongovernmental organisations (NGOs) interested in assessing a company's global influence. ESG analysis and reporting can offer insightful information and support the creation of long-term value for stakeholders. It can have a substantial effect on a company's financial indicators and help with investment decisions.

An ESG report, often referred to as sustainability reports by many corporations, refers to a document that disclose a company's environmental, social, and governance (ESG) performance and impacts. The content of these reports typically includes information on sustainability initiatives, environmental practices, social responsibility efforts, governance structures, and other related metrics. The main purpose of ESG reports is to provide stakeholders with transparent information about a company's efforts and achievements in sustainability. It helps the business to be more open about the dangers and chances it confronts.

Major ESG Reporting Standards

ESG reporting standards provide structured frameworks for organizations to disclose their ESG performance. Some of the prominent standards include:

The BRSR (Business Responsibility and Sustainability Reporting)

framework, developed by the Securities and Exchange Board of India (SEBI), mandates Indian companies to report measurable metrics related to sustainability aspects, including human rights and environmental conservation. As per SEBI, the top 1000 listed companies (by market capitalization) are mandated to disclose their ESG performance in a standardized format starting from FY 2022–23.

CDP (Carbon Disclosure Project)

is a popular voluntary reporting framework that companies are using to disclose environmental information to their stakeholders - either as part of ESG reporting, or beyond ESG reporting. The CDP collects data on companies’ environmental practices and performance, which serves as a reporting standard on environmental topics. The reporting is completed on an annual basis with the CDP portal opening in April every year and submissions due in July. CDP also gives a score that confers a total ESG rating for the subjected enterprises to assess their environmental impact.

TCFD (Task Force on Climate-related Financial Disclosures)

reporting refers to the disclosure of climate-related financial information as per the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). It was created by The Financial Stability Board (FSB). These recommendations provide a framework for companies to voluntarily disclose information about their climate-related risks and opportunities in their mainstream financial filings. TCFD reporting aims to help businesses and investors better understand and assess the potential financial impacts of climate change on companies' operations and strategies. It focuses on four key areas: governance, strategy, risk management, and metrics and targets related to climate change.

GRI (The Global Reporting Initiative)

is an international, independent, nonprofit entity that provides a widely recognized framework for sustainability reporting. It was established in 1997 as a collaboration between the United Nations Environment Programme (UNEP) and the Coalition for Environmentally Responsible Economies (CERES). GRI reporting refers to the practice of using the Global Reporting Initiative (GRI) standards and guidelines to disclose an organization's economic, environmental, and social performance. The standards are divided into three categories: (a) general standards that apply to all businesses; (b) industry-specific standards for 40 high-impact industries; and (c) topic standards for particular subjects like waste, health and safety, or tax.

SASB (Sustainability Accounting Standards Board)

Standards help companies disclose relevant sustainability information to their investors. Available for 77 industries, the SASB Standards identify the sustainability-related risks and opportunities most likely to affect an entity’s cash flows, access to finance and cost of capital over the short, medium or long term and the disclosure topics and metrics that are most likely to be useful to investors. As of August 2022, the International Sustainability Standards Board (ISSB) of the IFRS Foundation assumed responsibility for the SASB Standards. The ISSB has committed to maintain, enhance and evolve the SASB Standards and encourages preparers and investors to continue to use the SASB Standards.

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OGESG (OffsetGo ESG report)

is our in-house ESG report crafted by merging insights from various global frameworks such as BRSR, CDP, TCFD, SASB, GRI with OffsetGo’s specialized expertise. It provides a thorough analysis of environmental, social, and governance factors and is completely aligning with the requirements of the BRSR guidelines. This report features detailed metrics on sustainability performance, governance practices, and social impact, ensuring both transparency and adherence to global standards. Notably, the report includes unique elements like the employee footprint and water footprint of the organization. Furthermore, it offers customizable features that allow the report to be tailored according to the specific needs of different industry sectors.