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External Assurance

BUILDING TRUST AND MARKET CONFIDENCE FOR ORGANIZATION SUCCESS:

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REPORTING PROCESS VALIDATION

 

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SYSTEMS AUDIT AND DATA VERIFICATION

 

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RESULTS ANALYSIS AND CORRECTIVE ACTION

 

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ASSURANCE STATEMENT AND STAKEHOLDER OUTREACH

 

Many organization leaders are challenged to look at risk in new ways: from discerning and calculating real risk versus perceived threats, to accurately anticipating any potential impact on the state of competitiveness or business continuity.

BUILDING THE FOUNDATIONS FOR CREDIBILITY

Current Challenges:

The very nature of what constitutes risk is changing as the rules of engagement – locally and globally – have been shifting dramatically. Hyperactivity from regulatory forces and oversight bodies can reduce the clarity and predictability needed for sound decision making. The pace and scope of innovation, particularly with new technologies, is disrupting business models and historic operating paradigms. Social media has empowered stakeholders with greater visibility on a range of organization behaviors. Global networks have created new interdependencies between business and public interests. Transparency is now an imperative with supply chains in order to achieve new efficiencies and ensure resiliency.

With sustainability reporting increasingly integrating financial impacts in addition to operational issues such as human capital management and sourcing standards in the supply chain, establishing the trust and confidence of the markets is paramount. Investors, regulators, customers, suppliers and the public at large have become dependent upon thorough, reliable data and its communication in order to assess the integrity of an organization’s performance.

On the other hand, organizations need assurance that the sustainability policies, processes and claims upon which they have established their responsibility agenda will withstand scrutiny and the impact of externalities beyond their control. They need to be equipped with the knowledge and analytics necessary for validating that any environmental, social and governance practices – and management systems – are aligned with the strategic goals and projected outcomes.

ACHIEVING TRUST AND CONFIDENCE TO DRIVE MARKET LEADERSHIP

Our Approach:

ISOS Group guides your organization through the analysis and verification of your sustainability practices, reported outcomes, and regulatory adherence. We apply the proven techniques and most appropriate measures for your particular technology, regulatory and business context: robust metrics, precise evaluation tools and comprehensive assurance mechanisms.

ISOS offers a number of Assurance services, such as External Assurance of GRI sustainability reporting, and/or Verification of climate or Greenhouse Gas data submitted through CDP, GRESB (Global Real Estate Sustainability Benchmark), and the DJSI (Dow Jones Sustainability Index).

We bring a unique approach by addressing the specific needs of your business and providing value beyond the delivery of an Assurance Statement. Our multi-disciplinary team of auditors works with the Client to identify opportunities for improving practices and performance, and providing organizations with the credibility sought after by stakeholders.The scope of the assurance can be varied by either verifying all elements of a report or specific metrics as defined by the interested party.

The ISOS External Assurance Statement is tied to a larger report that attests to any sustainability reporting processes by referencing the AA1000 AS – in addition to verifying GHG Emissions as well as other climate-relevant data using the ISO14064 standard and social-side assessments compliant with SA8000. The output produces new credibility for your sustainability efforts, helping to ensure a clearer path for your competitive agenda.

RESULTS VALIDATION & EXTERNAL ASSURANCE

Deliverables:

  • External Assurance Statement to be submitted to GRI for level recognition and attached as an Appendix to your sustainability report, along with a comprehensive report highlighting areas that could benefit from further improvement and our prescription for success for the upcoming reporting cycles.
  • CDP Verification Statement to be included in the CDP Investor Questionnaire.
  • GRESB Verification Statement to be included in the GRESB Investor Questionnaire.
  • DJSI Verification Statement to be included in the DJSI Investor Questionnaire.

Final assessments will also be crafted into an Individual Press Release for distribution throughout media, stakeholders and socially responsible investor groups in order to build awareness around the companys’s achievements.

An ISOS External Assurance Report provides analysis and validation on:

Services:

  • The compliance of your specific business practices with established sustainability standards and reporting frameworks including GRI, CDP, GRESB, and DJSI
  • Your internal disclosure processes for meeting regulatory compliance
  • The soundness of your overall outsourcing strategy
  • Gaps in the compliance measures of your supply chain practices
  • The overall contract compliance of your suppliers – including adherence to contract terms and fulfillment of licensing requirements
  • Discrepancies or inefficiencies in data management that can produce risk liabilities you may not have considered – such as calculations and computation processes used for verification
  • Using a sustainability framework to make necessary adjustments to your risk strategy
  • Where to re-craft processes to close gaps and eliminate potential pitfalls in your claims
  • Adjusting any approaches to achieve more consistent C-suite and board room alignment

 

Client Sample Work:
  • 3M
  • International Flavors and Fragrances
  • Qualcomm
  • Parkway Properties
  • Sempra Energy