GRC - Environmental Social Governance

ESG - Internal control system

ESG-related key performance indicators (KPIs) are also becoming increasingly important as part of the growing requirements in the area of environmental, social and governance (ESG for short). These are not only important for sustainable corporate management, but also for external financial reporting. The growing interest of important stakeholders is also increasing the pressure on the quality of the data on which the KPIs are based, and not just for key performance indicators relevant to management. The KPIs and therefore also the data collection processes are also coming more into the focus of auditors. Data quality and data availability represent a considerable challenge for many of our clients. Our ESG consulting addresses these issues and supports you with a structured approach.

An appropriate and effective internal control system (ICS) can help you to ensure adequate data quality that also meets the requirements of the auditors. In addition, the processes for data collection can be designed transparently and efficiently. It is already apparent today that the traditional scope of financial internal control systems is being expanded to include ESG.
Our many years of experience in industry, IT and consulting ensure tried-and-tested solutions from project planning to ongoing operation - in a combination tailored to your individual needs. When designing ESG-related ICS components, we are guided by IDW PS 982 and can draw on concentrated process knowledge from our WTS process house to efficiently design the implementation of your ESG ICS. As part of our ESG consulting, you therefore benefit directly from our interdisciplinary team approach and the experience of other ESG services of WTS Advisory.