An ESG Gap Analysis is the process of conducting a materiality assessment of an organization’s ESG issues and then a performance assessment of how the organization is managing those issues. It benefits organizations that have already implemented an ESG strategy and wish to delve deeper into understanding their ESG maturity level for continuous improvement in short, medium and long term.
To ensure continuous improvement organizations should understand the strengths and weaknesses of their ESG strategies in full. To achieve this, the following activities are normally included in an ESG gap analysis:
The scope depends on the material topics identified in the initial stages and the performance assessment varies according to the threshold defined.
When implementing an ESG strategy, some well-established and recognized international and local ESG best practices can be taken into account. These include:
We are a leader, not only in providing ESG services for over 30 years but also as an active participant in demonstrating best practices.
Our ESG experts actively contribute to developing international standards, frameworks, schemes and regulations, such as the UN Sustainable Development Goals (SDGs), UN Principles for Responsible Banking (PRB) Assurance and EU Corporate Sustainability Reporting Directive (CSRD).
We also lead by example. Our sustainability leadership has been recognized internationally. SGS was rated PRIME by ISS ESG Corporate Rating and AAA in the MSCI ESG Ratings assessment. Our ESG practices are further reinforced by SGS Sustainability Ambitions 2030, which set ambitious targets across our whole value chain and foster a culture of sustainability.
With extensive experience in all major industries, we understand each sector’s pain points and have the technical expertise and logistical capabilities across the globe to ensure realistic sustainability outcomes.
2nd Floor Alegria Office Building. 2229 Chino Roces Avenue,
1223,
Makati, Metro Manila, Philippines