Sustainability refers to “development that meets the needs of the present without compromising the ability of future generations to meet their own needs” – Brundtland Report, 1987

ESG is an umbrella term that encompasses a range of criteria used to evaluate a company’s operations and performance beyond financial metrics:

  • Environmental: a company’s interactions with the environment, including but not limited to climate change
  • Social: a company’s interactions with employees, suppliers, customers, and communities
  • Governance: how a company is governed, including its governance of sustainability-related risks and opportunities, and the transparency of its governance

In business, an organisation’s broader dependencies on society and the environment, may give rise to risks or opportunities for the business model. Sustainability-related considerations are not only a matter for large ASX listed companies and government departments. Considering ESG or sustainability related matters as part of business strategy or operations builds resilience.

In reporting, sustainability is now quickly replacing the term ESG. This is part of a shift in the Australian corporate landscape in which “sustainability-related financial information” becomes part of the expected information provided for decision making and investment. This information about sustainability-related risks and opportunities, including ESG topics beyond climate-change, is relevant or useful for assessing the current and future prospects of a business.

The introduction of sustainability reporting obligations requiring certain entities to prepare an annual sustainability report from 1 January 2025, represents a significant shift in corporate reporting obligations in Australia, catching the majority of mid-sized organisations.

The challenge for many organisations is where to start and how to understand what is required. Our ESG and sustainability services are underpinned by methodologies and frameworks designed to guide and support you through the process of developing your sustainability strategy and meeting your Sustainability Reporting and assurance obligations.

Helping our clients navigate through what ESG and sustainability means for them, Grant Thornton’s approach is genuinely collaborative bringing together our knowledge and expertise with your business strategy.

Grant Thornton is part of the IFRS Sustainability Alliance as part of the GTI Network and has access to further resources should they be required.

Our ESG Services

ESG, sustainability and climate reporting

There is a growing demand for organisations to provide transparency on their commitment to sustainability and disclosure of the nonfinancial impacts of their business activities. Commonly, the responsibility for sustainability and ESG reporting is landing with CFOs and finance teams, requiring a reassessment of a range of reporting processes and controls.

ESG, sustainability and climate advisory

With the ESG and sustainability landscape continuing to evolve, we are focussed on helping your business to understand what ESG and sustainability represents and the opportunities and challenges it can provide.

ESG, sustainability and climate reporting assurance

As the demand for organisations to prepare information in relation to ESG & sustainability continues to increase, through changes in regulatory requirements or stakeholder expectations, there is a growing need for assurance over the information prepared.

ESG and sustainability due diligence

As environmental, social, and governance (ESG) considerations become increasingly pivotal for dealmakers in Australia, it is important for investors to feel confident in assessing transactions through an ESG lens.

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Andrew Rigele
National Managing Partner – Sustainability Services
Andrew Rigele
National Managing Partner – Sustainability Services
Andrew Rigele

Further ESG & Sustainability Services

Whether your organisation’s footprint is global, or you operate predominantly in Australia, there can be multiple risks to your business both internally and externally.

Tax is a consideration for every business, with layers of complexity driven by size, location, structure and industry.

ESG elements of merger & acquisition due diligence.

Litigation support for greenwashing actions.

Data analytics and project management associated with complex ESG activities.