In today's interconnected world, businesses are driven by a value-led purpose, incorporating environment, social, and governance (ESG) principles into their core activities to meet business objectives and stakeholder expectations. 

Organisations are undergoing significant transformations, driven by the growing global emphasis on ESG and sustainability, to create long-term shareholder value. With mounting pressure from governments, regulators, consumers and investors, companies face increasing demand to prioritise sustainable practices.

An essential part of the ESG spectrum is social responsibility of organisations. Grant Thornton Bharat helps map, evaluate and document the impact of their social initiatives through research, assessments, management and strategic consulting. 

We offer specialised consulting services to businesses, leveraging deep industry knowledge and AI technology through our partnership with GovEVA. Our tailored approach aligns operations with sustainable goals, enhancing reputation and customer loyalty for sustained profitability. Committed to building Vibrant Bharat, sustainable communities, we provide guidance on ESG frameworks and regulations.

Our ESG consulting

GovEVA: ESG simplified digitally

A SaaS platform designed to deliver measurable outcomes and create long-term value.

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Why Grant Thornton Bharat?

1.

AI-enabled solutions

Empowering industries with transformative AI-enabled solutions for enhanced efficiency.

2.

Industry expertise

Providing customised ESG solutions to promote sustainable practices across various industries.

3.

Multi-disciplinary approach

Utilising diverse disciplines for comprehensive and innovative problem-solving strategies.

4.

Data analytics

Conducting extensive primary and secondary research to analyse trends and provide relevant information utilising a range of tools.

What does ESG mean to us?

Our offerings

The demand for transparency on sustainable and socially responsible practices is increasing rapidly. Today, stakeholders such as investors, customers, employees, suppliers, media and NGOs want to evaluate a company’s global impact with an increased focus on sustainable investments and long-term growth.

This is where ESG analysis and reporting can provide valuable insights and help create value for stakeholders. It can significantly impact a company’s financial metrics and enable investment and managerial decisions that shape an organisation’s future.

To meet the evolving challenges in the ESG landscape, we have forged a strategic collaboration with GovEVA, merging their technological expertise with our rigorous reviews and strategic acumen. This collaboration is designed to offer a comprehensive and effective approach to address the complexities of ESG challenges. The integration of technology and strategic insight ensures a holistic solution that goes beyond mere compliance, creating lasting value for all stakeholders involved.

We offer a range of services across all three spectrums of ESG: 

In today's scrutinised business environment, sustainability, ESG, CSR and non-financial reporting are essential for investor confidence and stakeholder trust. By providing reliable, independently verified information, your organisation demonstrates leadership in transparency and accountability.

  • GovEVA’s reporting tool: Our cutting-edge reporting tool simplifies the collection and management of sustainability data. By integrating reporting into your processes, we make compliance seamless and help you communicate your impact effectively.
  • Navigating regulatory changes: The introduction of the Business Responsibility and Sustainability Report (BRSR) by SEBI marks a significant shift for the top 1,000 listed companies as they adapt to new non-financial disclosure requirements. This transition is not stagnant; it is ever-evolving, particularly with SEBI bringing disclosures and assurance for value chain partners into the picture through the BRSR Core.
  • Integrating TCFD requirements: We assist organisations in meeting the Task Force on Climate-related Financial Disclosures (TCFD) requirements, specifically focusing on scenario analysis. This involves evaluating potential climate-related risks and opportunities to understand their impact on your business. By incorporating scenario planning into your strategy, we help you prepare for various future conditions, ensuring resilience and informed decision-making.
  • Aligning with the Sustainable Development Goals (SDGs): We help organisations weave the Sustainable Development Goals (SDGs) into their core strategies. From business models to supply chains, we assist in measuring and reporting on your SDG impact, ensuring your initiatives resonate on both national and global stages.

Expertise

  • Utilising established frameworks, such as IIRC, GRI, TCFD and SASB, we provide intelligent and dynamic reporting solutions. Our team identifies and prioritises the SDGs most relevant to your business, developing clear targets and KPIs that drive meaningful progress.

 

Benefits

  • Proactive management: Stay ahead of regulatory demands and industry trends.
  • Attract capital: Showcase your commitment to sustainability to draw in investors.
  • Build trust: Exceed compliance expectations and strengthen relationships with stakeholders.

Our ESG due diligence reviews assess a target company’s adherence to both national and international legislation, as well as non-codified stakeholder norms and expectations. This comprehensive evaluation highlights the company’s ESG compliance status and identifies areas for improvement.

In tandem, our EHS consulting services focus on evaluating and enhancing EHS management systems and assurance frameworks in accordance with ISO standards. We also assist with EHS risk assessments, conduct gap analyses against legislation and internal policies, and provide guidance on resource efficiency and waste management.

 

Expertise

  • Alignment with the International Finance Corporation’s (IFC) performance standards and digital ESG supply chain assessments.

 

Benefits

  • Enhanced efficiency: Streamline operations and improve processes.
  • Improved compliance: Ensure adherence to EHS and ESG regulations, bolstering brand reputation.
  • Integration of sustainability: Align business priorities with sustainable practices.
  • Vigorous data management: Utilise tools like GovEVA for effective EHS data management and board reporting.

Investors increasingly prioritise standardised ESG information to understand a company’s long-term value creation plan. They encourage the integration of ESG considerations into the strategy, emphasising the importance of a robust ESG strategy to achieve goals.

GovEVA’s tool facilitates discussions for short and long-term strategic roadmaps, drawing insights from current state and gap analysis. It seamlessly supports the tracking, monitoring and reporting of the created roadmap, providing a comprehensive solution aligned with investors’ expectations.

 

Expertise

  • ESG strategy and roadmap, strategic digital roadmap for ESG enhancement

 

Benefits

  • Brand reputation and differentiation.

Materiality assessments engage stakeholders in determining the importance of critical ESG issues for business. Findings shape the ESG strategy and advocacy.

Digitally-enabled assessments can be conducted anytime, prioritising relevant ESG parameters. The system operates on double materiality, ensuring an inclusive process for determining priorities.

 

Expertise

  • Stakeholder engagement, materiality assessment, double materiality assessment using GovEVA’s tool

 

Benefits

  • Stakeholder relationships, prioritisation

GHG inventorisation enables a company to monitor and control energy consumption and GHG emissions (CO2, NO2, CH4, etc.) through the life cycle of their business and products. The solution incorporates GHG emission calculators for real-time data monitoring and presents  insights through a dynamic dashboard display.

Taking into account the long-term planning and CO2e emission reduction objectives of a company, decarbonisation assists companies in identifying and implementing the solutions required to decarbonise their operations.

 

Expertise

  • Scope 1, 2 and 3 calculations, net-zero strategy, emission reduction target setting and carbon strategy development, real-time measurement.
  • Emission reduction target setting, decarbonisation strategy, physical risks, transition risks, climate change scenarios.

 

Benefits

  • Achieve carbon neutrality and net zero, reduced cost, efficient use of resources.
  • Access to new capital (Green finance).

An ESG rating is targeted to help investors consider the unmeasured or unrepresented ESG topics when making investment decisions. Companies that score well on ESG metrics are believed to anticipate future risks and opportunities better, be more disposed to longer-term strategic thinking and focus on long-term value creation.

 

Expertise

  • MSCI (Morgan Stanley Capital International)
  • CDP (Carbon Disclosure Project)
  • DJSI (Dow Jones Sustainability World Index)
  • S&P
  • Sustainalytics
  • Vigeo Eiris
  • RepRisk

 

Benefits

  • Differentiation and brand reputation

Our capacity-building programme provides an interactive platform for the intended participants. Our platform helps the participants understand the aspects of ESG and related frameworks.

 

Expertise

  • GRI, SASB, scope calculation, BRSR disclosures

 

Benefits

  • Awareness, organisation readiness

Developing a sustainable supply chain by assessing the gaps to help achieving improved business outcomes, business continuity and increased stakeholder value. It helps in building resilience and strengthen the social license to operate.

 

Expertise

  • Supply chain assessment for environment and social risk, design and implement sustainable supply chain strategy, develop supply chain policies and procedures for vendors and suppliers.

 

Benefits

  • Enhanced productivity, improved decision-making

Assessments/evaluations of CSR projects help identify the key impact created by social initiatives. This process reveals aspects of relevance, effectiveness, efficiency, and sustainability of CSR efforts. The key findings from these assessments guide programme improvements and social investments.

 

Expertise

  • Social Return on Investments (SROI), leveraging globally recognised frameworks, customised approach and methodology, and thematic expertise.

 

Benefits

  • Programme performance evaluation, recommendations, adherence to CSR rules, detailed reports for documentation.

Regular project monitoring ensures the identification of key implementation challenges and performance evaluations. Effective monitoring helps optimise project outcomes, boost efficiency, and ensure the timely resolution of both on-site and off-site challenges.

 

Expertise

  • Stakeholder interactions and feedback, financial and programmatic reviews, compliance to set targets, and mapping of achievements.

 

Benefits

  • Accountability, informed decision-making, and recommendationsbest practices.

A range of services that support organisations to achieve their CSR vision, ensure effective programme management, and improve compliance to rules and regulations.

 

Expertise

  • Adherence to Companies Act (2013) - Section 135 and its amendments, suggest safeguards against potential risks, CSR policy review, and on ground performance verifications.

 

Benefits

  • Accountability, improved effectiveness, maximising impact, and building capacities.

Provide strategic grant management support to ensure compliance, and accountability throughout the grant lifecycle. Ensure alignment with vision/strategy and adherence of rules and regulations of the grant.

 

Expertise

  • Collaboration with stakeholders, conceptualisation, application screening, evaluation, and due diligence.

 

Benefits 

  • Robust governance check, risk management, and transparency.

Embrace the all-in-one ESG advantage

In collaboration with GovEVA’s digital ESG SaaS platform, Grant Thornton Bharat offers customised solutions for your organisation's ESG and strategic priorities.

Impact assessment: Compliance and beyond

Impact assessment is a structured, evidence-based study that seeks to measure the actual and potential effectiveness of the policy, projects, and programmes with relevance and sustainability.

Concurrent monitoring: Empowering progress, enhancing impact

Monitoring is continuous performance tracking against a scheduled timeframe throughout the project’s lifetime. Monitoring involves systematic and purposeful collection of onground information.