Auditors are independent—serving and protecting the capital markets—and skeptical, bringing systems of quality control, experience in evaluating internal systems for processing data, and credible reporting methods.
Auditors are experienced in evaluating whether reported data provides reliability, comparability, and relevance. The auditor is determining whether the company’s criteria for the ESG metrics as well as whether the numbers were determined in accordance with stated criteria. Auditors are not offering an opinion on whether it’s the right data to report.
The auditor reviews whether the metrics have been prepared in accordance with criteria that has either been developed by an external standards setting body or by the company itself. Based on extensive experience, auditors are able to objectively highlight gaps in the process for collection and preparation of data whereby discipled and rigorous policies and procedures may not be consistently followed throughout the organization.
As you focus on delivering long-term value to all your stakeholders, KPMG is committed to joining you on your ESG and impact journey by leveraging our multidisciplinary expertise, global network, and proud audit culture rooted in independence, integrity, and quality to effectively devise and execute a strategy fit for your business, industry, and stakeholders.
In particular, external assurance of your ESG reporting is critical to helping you demonstrate your commitment to rigor, transparency and reliability to key stakeholders, meet investor expectations, and lead among your peers.