Frameworks, standards, and indices provide useful tools for companies, investors, and other stakeholders to evaluate and compare the performance of organisations in terms of their Environmental, Social and Governance (ESG) factors.

Frameworks, standards, and indices help businesses increase accountability by establishing concrete expectations and baselines for their own and their suppliers’ social and environmental responsibility. These tools provide stakeholders with a better understanding of the ESG performance of the company, strengthening their ability to feel more confident in investment decisions or purchase preferences.

There are a wide range of frameworks and standards with many companies having chosen to publish sustainability information against these.  Asesoria has been helping organisations navigate the complexities of these over the past decade.  Some of those frameworks and standards include the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) (which have now merged to form the Value Reporting Foundation), the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), United Nations’ Global Compact and the United Nations’ Sustainable Development Goals, all provide approaches to advance environmental, social, and governance (ESG) performance universally.