Trust is critical for organisational success, and the assurance of sustainability reporting is fundamental to responsible business conduct and will lead to strengthening credibility and transparency.
Whilst sustainability reporting itself provides stakeholders with insights into an organisation’s sustainability performance - sustainability assurance is the independent validation of sustainability data and disclosures, to enhance the credibility and trustworthiness of this information. Sustainability assurance ensures the accuracy, reliability and consistency of sustainability reporting, helping to build stakeholder trust in an organisation's commitment towards mitigating environmental risks, promoting social equity, and upholding ethical governance, bolstering the organisation's reputation as a socially and environmentally responsible entity.
Organisations can demonstrate the accuracy and dependability of their sustainability data to stakeholders through independent verification and assurance processes.
Assurance plays a crucial role in mitigating risks associated with inaccurate or incomplete sustainability reporting, safeguarding organisational reputation and minimising potential liabilities.
Entities that undergo assurance set themselves apart as trustworthy and ethical entities, gaining a competitive advantage in the market and appealing to socially conscious investors and consumers.
Organisations are compelled to undergo assurance to align with relevant sustainability standards and frameworks mandated by regulatory bodies.
Stakeholders, including investors and employees, increasingly expect organisations to offer clear and dependable information on sustainability. This is particularly important for investors who need to ensure that their investments are sustainable and viable in the long term.
Over 40% of companies produce full sustainability reports in 2024
25% organisations reported on ESG in standalone ESG reports in 2023
of investors say that reasonable assurance would give them confidence in sustainability reporting, to a moderate, large or very large extent.
We specialise in a wide range of services designed to support organisations in assuring their ESG performance effectively. Our team of seasoned professionals with extensive experience in sustainability assurance understands industry best practices and regulatory requirements, and can bring unparalleled knowledge and insights to every client engagement.
Our independent assurance services aim to verify the accuracy and reliability of sustainability disclosures for organisations. By conducting thorough assessments and audits, we ensure that the sustainability data meets the highest standards of transparency and credibility, providing stakeholders with confidence reporting practices.
We understand that every organisation has unique sustainability needs and challenges. Our solutions are tailored to address specific sustainability needs and challenges of an organisation, ensuring alignment with its objectives.
Together, we can transform the Middle East and unlock inclusive growth through sustainability.
Rashid Khursheed
Partner, Sustainability Assurance Leader, PwC Middle East