We at DHC, are focused on providing our clients with future-proof solutions to achieve a seamless adaptation to the changes in their individual industries.
ESG Advisory Services
Complies with laws in short term and Sustainability in long run.
Environmental, Social and Governance (ESG) refers to the indicators/ criterias/ metrics that characterize an organization’s operations as sustainable, responsible or ethical.
As corporates carry equal amount of responsibility for society and for survival from a long term perspective, it is evident to respect all stakeholders in the ecosystem for business continuity.
Background
In 2015, United Nations introduced sustainable development goals as a call for action by all 192 countries. This has been divided across 17 goals and 5 P’s i.e. people, planet, prosperity, peace and partnership .
From 2022-23, the top 1,000 listed companies by market capitalisation are required to disclose a Business Responsibility and Sustainability Reporting (BRSR) to the stock exchanges as a part of their annual report. The BRSR comprises initiatives taken by the companies from an Environmental, Social and Governance (ESG) perspective in Securities and Exchange Board of India (SEBI) – prescribed format. SEBI amended provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Benefits of ESG
ESG is thus an investment and gaining importance in the following way:
- Improve business valuation,
- Reduce cost of funding and
- Gain an edge in an overseas market as compared to competitor who is less complying
How DHC Can Help?
At DHC, ESG is part of business continuity plan. We help clients through our blue book in complying regulatory laws in terms of transparency in disclosures, audit readiness and in spirit. Our ESG partners are sector agnostic and have tailor made solutions based on the sector in which client operates.
Following are few of the solutions on ESG:
Business Responsibility & Sustainability Reporting (BRSR) Disclosure Readiness Review
Dedicated team of DHC understand the client’s activities on ESG which in turn helps in assisting/ prepares the disclosure statement. DHC team train the client team in terms of documentation to be maintained.
Implementation of ESG from Conceptualisation to Implementation & Reporting
DHC ESG team will design a framework wherein activities agreed with Board/ Senior Management from conceptualization, implementation, monitoring and reporting purpose will be captured. Client’s team will also be involved to have a feel of co-ownership.
Transition Advisory from Business Responsibility Reporting to BRSR
DHC team through their master blue book on BRSR reconciles the additional activities and documentation to be maintained for disclosure purpose and helps to create audit trail so that in future it helps in reviewing the performance from inception till date for the clients.
BRSR Audit Readiness
DHC ESG audit team is an independent team will perform auditing and assurance function as per ESG auditing standards defined by SEBI.