ESG Audit
Empowering Your Organisation for a Sustainable Future
Key Audit Objectives
The Prospect Law ESG Audit offers clients a meticulous and impartial evaluation of their existing ESG credentials. Get in touch today to schedule your ESG Audit and unlock the path to sustainable success.
Designed to pinpoint actionable steps for enhancing ESG compliance, our audit equips organisations to exhibit transparency and commitment to stakeholders, including investors, employees, regulators, and the wider public.
Our tailored approach empowers organisations to:
Commit to a Comprehensive Evaluation
Dive deep into your organisation's practices, assessing environmental impact, social responsibility, and governance structures. Our audit leaves no stone unturned, providing a holistic understanding of your ESG standing.
Drive Actionable Insights for Progress
Beyond evaluation, our audit equips you with actionable insights. We provide tangible recommendations to enhance ESG performance, empowering you to drive meaningful change and demonstrate your commitment to sustainable practices.
Stakeholder Assurance Guarantee
Gain a credible assurance mechanism with our ESG Audit. Showcase transparency and accountability to investors, employees, regulators, and the wider public. Build trust and foster stronger relationships by highlighting your proactive approach to ESG compliance.
What is an ESG Audit?
An ESG Audit is an in-depth evaluation of a company’s performance and practices concerning environmental, social, and governance factors. It examines how well a company aligns with sustainability standards and assesses its impact on various stakeholders, including employees, communities, customers, investors, and the environment. The audit also identifies ESG-related risks that an organisation may be exposed to.
At Prospect Law, our Audit provides an objective and comprehensive analysis of a company’s ESG performance, policies, and processes. Our audit is completed 100% online, eliminating the need for site visits with various teams. It is conducted by our multi-disciplinary team and can be carried out annually to ensure ongoing compliance and improvement.
How the Audit Works
The Prospect Law ESG Audit:
- Designed by Experts: Crafted by Prospect Law’s legal and technical experts across a comprehensive range of ESG topics.
- Online Completion: Our audit process is streamlined and convenient, conducted entirely online. Clients answer questions and provide evidence through our user-friendly platform.
- Assessed by Specialists: Each audit is evaluated by our multi-disciplinary team of specialists. They analyse the responses, offer insightful feedback, and provide tailored recommendations.
- Annual Compliance: The audit can be conducted annually, allowing clients to stay abreast of changes in the legal and regulatory landscape while maintaining ongoing compliance and improvement.
Who Can Benefit from an audit?
Prospect Law has crafted a range of audits tailored to suit the diverse needs of various industries and company sizes. Our ESG services cater to businesses across different sectors, ensuring that all organisations can benefit from our expertise. Here are some of the audits we offer:
- Large Companies requiring mandatory TCFD disclosure
- Small & Medium Sized Companies
- Biotech & Pharma
- Nuclear
- Maritime
- Companies based in Saudi Arabia
- Bespoke Audits
Confidentiality and Privacy
At Prospect Law, we prioritise the confidentiality and privacy of all information provided to us in the Audit. Here’s how we ensure the security of your data:
- Exclusive Duty: Prospect Law's duty in carrying out the Audit is owed exclusively to our client. We handle your information with the utmost care and confidentiality.
- Data Security: We maintain high standards of data storage and employ robust security measures to safeguard the confidentiality of the Audit.
- Non-Disclosure: We are committed to keeping your ESG Audit results confidential and do not report them to any outside organisation, including regulators. Your privacy is our priority.
ESG reporting offers significant benefits for companies committed to sustainable practices. By transparently disclosing their environmental, social, and governance (ESG) performance, organisations can enhance stakeholder trust, attract investors, and strengthen brand reputation.
Transparent reporting demonstrates accountability, fostering trust among investors, customers, and employees. Moreover, it improves access to capital by attracting socially responsible investors who prioritise ESG performance. Additionally, ESG reporting helps identify areas for improvement, allowing organisations to mitigate risks, reduce costs, and enhance operational efficiency.
Clients using the ESG Audit service will be provided with:
- A Prospect Law ESG Audit score, and equivalent rating
- A Summary and Recommendations for future actions
- Access to our bespoke ESG advice and training services, and
- The Prospect Law ESG Audit certification icon for use in client marketing materials.
The pricing for an ESG Audit varies based on several factors. These factors encompass the company’s size, risk profile, audit scope, assurance level needed, audit duration, and preferred documentation formats. Other considerations may also influence the cost, making it crucial to discuss specific requirements and expectations to determine a tailored pricing structure.
Strategic Insights for Progress
Tailored Audits by Industry Experts
Risk Identification and Mitigation
Driving Sustainable Business Practices
Interested in our ESG advisory, reporting or training services?
Enter your details below and our Head of ESG will be in touch.
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