Environmental, Social, and Governance (ESG) Accounting Services
How will ESG impact your business?
BNN’s team provides ESG accounting services for prioritization, assurance, and reporting. We understand each business is unique and will need to approach ESG differently and in alignment with their values. Our team can help you navigate the process of defining and implementing an ESG strategy that meets the needs of your business and your stakeholders.
Pat specializes in AICPA’s SOC for Service Organizations (SOC 1® and SOC 2®), Sarbanes-Oxley Act, information technology controls, and data extraction and analysis. Pat also leads the firm’s ESG-related services, assisting clients with ESG planning and reporting efforts.
Navigating risks and opportunities, and informing strategy decisions
ESG metrics and measurement evaluate the extent to which an organization progresses goals beyond their role to maximize profits on behalf of shareholders. Identifying and measuring these goals can be a challenge. Our team is closely monitoring changes in the environmental social governance space and offers a suite of ESG accounting services to help you understand what approach and metrics are relevant to your business, so you can stay informed, make decisions, and take action.
Our ESG accounting services include helping you:
- Understand what ESG is and how it could impact your business
- Navigate ESG risks and opportunities
- Select and implement new technologies available for ESG reporting, or learn how to leverage your existing systems
- Develop strategies for governance and oversight
- Understand the value ESG can bring to your organization
- Report validation and attestiation
- Assess audit readiness
- Perform a gap analysis
- Develop reporting and disclosures
- Assess eligibility for ESG tax credits
Lessons Learned from the Field
Overall, as with any kind of corporate or financial reporting, being prepared to record, track and access the necessary data will be essential to provide relevant and reliable ESG reporting. Accordingly, organizations, both small and large, found it useful to seek help from experienced advisors, particularly those who could help identify trends and measurable data in existing reporting that could be mapped to the selected framework.
Pat Morin, ESG: Lessons learned from the field, Novemeber 3, 2022