Transcript
The journey to sustainability requires clear data to support it. That's why KPMG professionals have developed a five-step approach designed to empower organizations and direct their ESG initiatives. Using data, it begins with gaining a clear understanding of your organization's climate, vision, and reporting and analytics priorities. Together with the people who manage your ESG data, we lay the foundation to assess your existing data, technology and processes towards achieving data-driven outcomes. Considering that regulatory reporting is just one milestone on the ESG reporting journey, we think of reporting in three distinct outcome-oriented categories to help make sure your technology implementation sets you up for long-term success. In the first category, we ask, what do you need to report to align to expectations? In the second we ask, what do you want to report to tell your sustainability story to the world? And in the third category, we ask, what are the insights you need to set, inform, track, and manage your objectives ?
The next step involves mapping your data landscape against your reporting requirements. KPMG has developed a data map that weaves together the complex tapestry of ESG regulations, metrics, and data elements to support alignment with major regulatory frameworks and guidance such as the SEC climate rules, CSRD, and GRI. Based on your reporting needs, KPMG professionals help collect data elements needed to align with regulatory guidance and generate useful performance analytics. In the next step, we screen the data capture processes and reliability of the data source. Then we assess how your current processes to calculate GHG emissions, deviate from the GHG protocols guidelines, including aspects such as emission factors and data completeness. Lastly, we identify how the methodology can be improved based on the quality of available information. In the fourth step, we use a checklist to help you achieve your desired reporting and analytics outcomes. We support common configuration steps including customized data model extensions, integration with external reporting engines, incorporation of third party and proxy data into reporting and configuration of data submission workflows, OCR emissions allocations, and other standard features. In the final stage, we leverage industry specific validation frameworks to help monitor climate related data quality. Our accelerator flags exceptions with incomplete information and also detects data anomalies and non-adherence to Admissions factors. Our library of data quality checks and validation dashboards help provide you with comfort and confidence in your reporting. The journey of sustainability transformation is one in which data forms an integral part. Around the world KPMG professionals help organizations put their ESG data to work towards creating a more sustainable future. How can we help you accelerate your sustainability journey ?
