ESG Services

ESG Services at Bishop Fleming Chartered Accountants  

The need to report on ESG (Environmental Social Governance) is an increasingly prevalent factor for our clients. This is driven by ongoing new legislation, as well as market forces such as consumer and employee demand.

The landscape is continually changing and navigating the complexities of ESG can seem daunting. However, focusing on what is most material to your business and prioritising impactful actions can simplify the process and generate genuine value.

Several ways in which detailed and accurate ESG reporting can add value to your business.

Multiple worldwide studies have shown that consumers are willing to pay extra for brands that align with their values and are more loyal to organisations that treat people well.

Investors are increasingly looking for companies with strong ESG performance, as it indicates long-term sustainability and risk management.

A clear ESG strategy can help companies attract and retain quality employees.
Enhanced employee motivation and productivity by aligning values and instilling a sense of purpose

Implementing ESG initiatives can lead to cost savings through energy efficiency, waste reduction, and other sustainable practices.

Our ESG Services team can help you to:

Examples of UK and international legislation include:

ESOS – Energy Savings Opportunity Scheme
SECR – Streamlined Energy & Carbon Reporting
TCFD – Task Force on Climate-related Financial Disclosure
PPN – Procurement Policy Note 06/21
CSRD – Corporate Sustainability Reporting Directive
CBAM – Carbon Border Adjustment Mechanism
The EU Taxonomy

Identify and engage with key stakeholders of the business to capture the key ESG themes and issues.
Complete an ESG financial and impact materiality assessment to prioritise the issues that create the most critical risks and opportunities to your operations and performance
Undertake a gap analysis against the materiality framework to identify areas for improvement.
Detail the key metrics needed for reporting ESG risks taking into consideration findings from the gap analysis and those required by your stakeholders.

ESG reporting can be a complex, confusing and time-consuming exercise given the complex alphabet soup of national and international acronyms. Information requests on ESG and sustainability practices are now the normal convention for both private and public sector contracts, and consumers and employees are increasingly demanding transparency in this area.

Our teams can help you navigate the complexities of this area, advising you on best practice reporting and supporting you with disclosure reporting requirements

Designing effective internal controls, ensuring that the data used to measure and report on ESG issues is accurate and complete.
Implement strong board oversight and robust governance frameworks.
Develop your ESG strategy as a benchmark for responsible business.

Why Bishop Fleming

Our team has knowledge and experience of ESG reporting requirements within the UK and Europe, as well as extensive financial reporting knowledge and experience of businesses of all shapes and sizes.
We tailor our services to meet the unique needs and goals of your business.
We are dedicated to helping you achieve your ESG objectives and create lasting value for your stakeholders