Building on the firm’s strong foundation in financial reporting and auditing, PricewaterhouseCoopers has developed a comprehensive service offering to address the reporting and assurance of non-financial information that may be tailored to individual clients’ requirements.
Client situations
- Require assurance that economic, social and environmental information is accurate, complete, balanced and transparent.
- Want to check that internal systems relating to non-financial information are robust (eg. emissions or lost time).
- Want to demonstrate the “value drivers” of a company to investors.
- Seeking to build relationships through open communication with stakeholders such as customers, employees, suppliers, local authorities and community groups.
How PwC can help:
- Reporting and communication planning and strategy
PwC helps both first-time and experienced reporters to define their aims, audiences and the information needs of readers in communicating non-financial information, internally and externally. We advise on the planning and development of a reporting framework and on the selection and development of key performance indicators to ensure our clients effectively address stakeholder expectations in terms of transparency and accountability.
- Review and improvement of governance, systems and reporting processes
PwC helps companies to review and establish optimal governance structures, appropriate management systems and formalised information-collection mechanisms and processes to facilitate the preparation, compilation and reporting of high-quality, non-financial information. We can recommend improvements to reporting systems and processes, based on proven expertise and best practice, to reduce the risk of reporting material mis-statements.
- Obtaining external assurance of non-financial information
PwC boasts a solid reputation as an assurance provider with strong skills in applying assurance standards, developing assurance methodologies and applying non-financial content and industry-specific knowledge. Our assurance approach also covers the performance of existing management systems and controls. We review your non-financial assurance needs to ensure we tailor a cost effective solution that adds credibility and gives confidence to stakeholders.
- Reporting analysis and feedback
Analysis and feedback from different parties play an important part in the continuous evolution of reporting. Combining our global reach with our experience in working with companies in the reporting of non-financial information, we offer reviews of reports and disclosures against peer-group and leading-practice reporting, which reflects current stakeholder concerns, and recommend short- and long-term improvements.
Our Sustainability Services professionals have expertise in technical subjects, including corporate governance and business ethics, EHS compliance and risk management, climate change, CSR, stakeholder management, the supply chain and others. This expertise is supported by in-depth industry knowledge and business acumen in areas such as finance, tax, accounting, strategic planning, performance management and process improvement, enterprise-wide and compliance risk management, internal controls and Sarbanes-Oxley, assurance, supply-chain management and change management.
PwC helps clients to understand and prioritise the risks they should be managing (both strategic risks and risks to their reputation) as a result of their business practices and operations. Such risks may, for example, be ethical, social, environmental or regulatory and may include risks deriving from stakeholder pressures.
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