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The asset and wealth management industry is shifting towards integrating environmental, social, and governance (ESG) factors for long-term value creation. ESG is now seen as a crucial driver of financial performance and positive societal impact.
With rising risks posed by global temperatures affecting our environment and communities, asset managers are more committed than ever to directing capital toward sustainable investments and embedding ESG principles into their corporate strategies.
ESG integration in your organisation demonstrates how you can leverage your expertise, resources, and capital to address some of the most pressing issues facing our planet today.
How can we help you progress along your sustainability journey
The typical ESG integration lifecycle of an asset manager
Climate risk, resilience and adaptation
Credible transition planning
SOaaS service offerings
We realise that the call for action to integrate ESG has also resulted in significant challenges for asset managers with increasing uncertainty regarding how to respond to them including:
- Varied demands from different stakeholder groups, especially investors.​
- Lack of availability of clear, consistent and comparable ESG data.​
- Alphabet soup of non-standardised sustainability reporting standards and frameworks.​
- Enhanced scrutiny of sustainability regulations.​
Amidst this backdrop of a constantly evolving ESG landscape, our committed team of ESG asset and wealth management specialists help clients put in place the right capabilities, skills and processes required to translate ESG strategy into execution.
We do not believe in a one size fits all approach for ESG and provide tailored services that suit the exact needs and business of our clients.
Governance and strategy
Governance
- Board, senior management and business staff ESG trainings
- Executive remuneration and ESG KPIs
- Governance structures
- Sustainability policies and frameworks
Strategy
- Portfolio decarbonisation strategies and target setting
- PRI signatory assessments/ implementation support
- Thought leadership
- Green and carbon tax implementation and advisory
- Sustainability strategy and circular business models
Make sustainability an organisational norm that is reflected in the core purpose and values of your organisation. Establish and define your ESG ambition and roadmap with us through the design of appropriate governance structures, set-up of specific targets, study of relevant peers, market trends and best practices, and the development of corresponding sustainability policies and frameworks.
Ensure your organisation is adequately equipped and skilled to manage ESG risks by engaging us as your trusted training provider.
Deal raising, sourcing and due diligence
- ESG-focused prospectus
- Implementation tools for ESG due diligence
- ESG value creation
- Materiality assessment
- Tax due diligence – green taxes/incentives
- Market outlook review (regulations, customer demand, peer benchmarking, technology)
Drive a robust value proposition by embedding ESG criteria throughout your deal lifecycle. Conduct comprehensive ESG due diligence and materiality assessments with us to identify key ESG risks at crucial decision-making points and how they can be turned into opportunities.
We can support you in the design of investment and holding structures taking into consideration your sustainable investing policy, procedures and commercial objectives, with the aim of optimising the associated tax implications.
Operations and monitoring
- Scenario analysis
- Greenhouse Gas Protocol (GHG)Â accounting
- Carbon measurement and reduction planning
- Tax structuring/transfer pricing
- Data and metrics
Walk the talk and revolutionise the way you operate to make ESG an integral part of your daily operations as well as decision making. We can support you with the development of critical tools and procedures that help measure the degree of ESG risks your portfolio is exposed to and subsequently manage those risks through monitoring and mitigation measures.
We create bespoke solutions, tailored to match your business and needs in the best manner.
Disclosure and reporting
- Sustainability reporting, Task Force on Climate-Related Financial Disclosures (TCFD) reporting, Monetary Authority of Singapore (MAS) environmental risk management (ENRM) framework
- Bespoke disclosures – Investment funds
- Integrated tax reporting
- ISSB gap analysis and roadmap
Strengthen your credibility as a progressive and socially conscious organisation by engaging us to guide the development of your sustainability disclosures, whether internal or external, to meet the requirements and expectations of your key stakeholders.
With a well-connected global network of 10k sustainability professionals across 65 countries, we have a strong understanding of regulations across the globe that is supplemented by our affiliations with international sustainability organisations.
Assurance and regulatory compliance
- Alignment with regulations and reporting frameworks including the MAS ENRM Guidelines and international sustainability initiatives such as TCFD, Principles for Responsible Investment (PRI), Global Reporting Initiative (GRI) etc – through performance of a gap analysis and peer benchmarking
- ESG preparedness assurance and assurance for key metrics and targets
- GHG emissions – Scope 1, 2 and 3 – measurement and verification
- Green and sustainability bonds assurance
- Carbon credits verification and assurance​
- Tax assurance
Attain verification for your sustainability disclosures through our broad spectrum of assurance services to ensure effectiveness, applicability and continued relevance.
Climate risk, resilience and adaptation
As sustainability and climate consequences emerge, companies are looking for ways to mitigate climate risk and build more resilient businesses. To thrive, asset managers need to deliver in the near-term while building long-term sustainable investment strategies. By understanding climate risks better, leaders can safeguard their business and identify opportunities to compete in a decarbonising world.
PwC has the right capabilities and services to support asset managers to mitigate risk while building business strategy that is equipped for the future.
Credible transition planning
As the world adapts and responds to an era marked by unprecedented environmental challenges, a global push towards decarbonisation has emerged as an imperative for businesses, governments, and companies. With its vast influence over global capital allocation and corresponding voting power, the asset management industry is uniquely positioned to play a pivotal role in facilitating the transition to a low-carbon economy. By integrating decarbonisation strategies into their investment processes, an asset manager can contribute not only to environmental sustainability, but also protect and enhance long-term shareholder value.
We offer bespoke services tailored to our clients' unique needs and business objectives.
Why consider a Sustainability Office?
With the global push towards Net Zero and increasing regulatory changes, the focus on an organisation’s ESG journey has increased. Stakeholders, especially investors, now expect robust ESG approaches. PwC’s 2022 survey revealed that three-quarters of institutional investors see ESG as part of their fiduciary duty, with 72% setting ESG-related goals for asset managers.
How well is your business adapting to a changing world? Whether your business should be sustainably minded is no longer a question, the challenge is how to get there effectively.
For many asset managers, hiring a full-time sustainability manager or team may not be feasible or cost-effective to meet ESG priorities and regulatory requirements. As a standalone support service, Sustainability Office as a Service (SOaaS) offers a flexible, tailored approach to sustainability that suits an organisation’s evolving needs.
SOaaS service offerings
ESG baselining and benchmarking
In-depth analysis of and comparison against peers to identify ESG best practices and provide tailored recommendations.
Materiality assessment
Identification of material ESG risks and opportunities, including validation with key stakeholders and alignment with core business.
Ambition and priorities
Articulation of high level ambition, including quick wins, aligned with the organisational purpose and prioritised ESG focus areas.
ESG data collection and performance
Identification of ESG data sources for own due diligence as well as monitoring and assessing the data relating to portfolio companies.
Sustainability target and measurement
Monitoring of defined and measurable targets aligned with the business purpose.
Strategic improvement opportunities
Review existing ESG strategy and initiatives and provide recommendations for the future based on market landscaping and industry trends coupled with PwC expertise.
Governance integration
Review existing governance structures, including any ESG-related board KPIs and annual reporting to the board on sustainability matters.
Capacity building
Training and upskilling for board and senior management, as well as relevant teams to enhance understanding and knowledge of ESG risks and opportunities.
Policies and procedures
Review of sustainable investing policies and use of relevant checklists and tools, as well as integration of corporate sustainability strategy into potential revisions.
Sustainability standards, frameworks and regulations
Conduct gap analysis of sustainability practices against sustainability reporting standards, frameworks and regulations to assess readiness or suggest enhancements to existing reporting.
Monitoring progress
Annual monitoring of portfolio companies and development of sector-specific guidance for high risk sectors.
SME insights and continuous improvement
Providing periodic updates to investors on material sustainability developments, as well as required ESG compliance.
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