Environment, Social and Governance (ESG) Consulting Services in Dubai, Abu Dhabi & UAE

Stakeholders, customers,and investors, are increasingly influencing their decisions on the ESG aspects of an organisation

ESG is concerned with the impact an organisation has on its internal and external stakeholders across Environmental, Social and Governance (ESG) elements of their organisational practices.

Environmental criteria reflect the impact the organisations have on the surrounding environment, such as the effects on biodiversity or carbon emissions. It also addresses the effects of climate change and environmental changes on the organisation itself.

Social criteria are established from the interactions and relationships the organisations have with internal and external societal stakeholders, such as employees, customers, and communities.

Governance criteria focus on the organisation’s leadership and corporate policies. These policies direct the organisation in terms of executive pay, board diversity and structure and corruption.

It is imperative for companies to comply with ESG regulations to create value and it is becoming a matter of significance in the United Arab Emirates. However, the plethora of regulations and constant changes in regulatory demands have only complicated the efforts made by organisations. Increasingly organisations are moving away from a piecemeal approach to taking a holistic view to address ESG compliance. Through this they can better manage business processes, create transparency, and meet reporting requirements.

About ESG Health Check

At PKF, we provide Environment, Social Governance (ESG) consulting services in Dubai, Abu Dhabi, Sharjah & UAE. With the understanding that time is a valuable commodity, we have optimised and streamlined the processes in conducting an ESG assessment. We have developed a simple but effective 3-step technique to increase the accessibility for organisations in the United Arab Emirates to engage with their ESG practices.

To be effective, ESG strategy must be fully integrated into an entity’s business model. PKF’s ESG assessment is a ‘health check’ of the status and a gap analysis of a business’s minimum regulatory requirements and ESG goals in context of Dubai, Abu Dhabi and other emirates of the United Arab Emirates. The results of an online questionnaire will be compiled with high-level insights and benchmarked data to prepare a personalised action plan formulated to address observed gaps. The 3-step ESG technique adopted by PKF UAE is summarised below.

  • Conduct Health Check

Conduct an ESG assessment to understand the company’s ESG status quo in Dubai, Abu Dhabi and other emirates of the UAE. This provides direction to the leaders to put in place an action plan to drive changes that bridge the gap between the current state of ESG factors and the targets.

  • Create Targets

Define targets to account for underlying regulatory requirements as well as the company’s ESG ambitions. Thereafter draft a roadmap for implementation which will include a timeline and assign responsibilities for the various measures that the company will use to achieve the targets.

  • Implement Changes

Put in place changes that will help embed the new ESG compliance approach into the operating model. Use technology solutions for data management and disclosures. Ideally, the solutions should also include benchmarking functionality and visualization for internal and external reporting.

Assessment Tool and Reporting

PKF ESG Health Check utilizes the Kudos One software and is aligned with leading sustainability frameworks, such as:

  • UN Global Compact
  • Sustainable Development Goals (SDGs)
  • IFC Performance Standards
  • UN Guiding Principles for Human Rights
  • Principles for Responsibility Investing (PRI)
  • International Labour Organization (ILO)

As we also provide Environment, Social Governance (ESG) Advisory Services in Dubai, Abu Dhabi, Sharjah & UAE, the bespoke report includes an action plan of the next steps for the organization to improve ESG performance and reap the benefits of responsible business behavior. The entity is also awarded with the “ESG awareness” accreditation. Our timely and well-rounded efforts make us one of the best ESG consulting firms in the UAE.

Contact us

ESG health checks are important for the wellness of an entity’s ESG strategy. Being one of the Best Environment, Social Governance (ESG) consulting firms in Dubai, Abu Dhabi, Sharjah & UAE, our experts at PKF UAE are committed to conducting the checks, based on your needs, to identify the material ESG risks and develop tailored actions plans for improvement. Get in touch with us to help you develop your ESG strategy.

Contact us for reliable ESG Consulting Services in Dubai, Abu Dhabi & UAE