ESG and Corporate Responsibility

Recognised Expertise

Environmental, Social, and Governance

and Corporate Responsibility

A sustainability report, also known as an ESG (Environmental, Social, and Governance) report, is a document released by a company or organization that details its effects on the environment, social factors, and governance practices. It allows the company to showcase their transparency regarding potential risks and benefits, and acts as a way to prove its commitment to these issues to any sceptics.

The significance of sustainability reports is increasing as investors and other stakeholders are demanding more information from companies about their sustainability and ESG initiatives. Additionally, new regulations are being implemented that require companies to disclose more non-financial information:

Regulation (EU) 2020/852 of the European Parliament and of the CouncilThe "Non-Financial Reporting Regulation" requires large EU companies to report on their ESG impacts in annual reports, including information on environmental and social impacts, anti-corruption measures, and diversity policies. The regulation promotes sustainable value creation, corporate transparency and accountability, and supports sustainable finance by improving the quality and comparability of ESG reporting.
United Nations Global Compact (UNGC)A voluntary initiative launched by the United Nations to encourage companies to adopt sustainable and socially responsible policies and practices.
Global Reporting Initiative (GRI) An independent organization that provides a globally recognized sustainability reporting framework for companies to report their ESG performance.
Sustainability Accounting Standards Board (SASB) A non-profit organization that provides sustainability accounting standards for publicly listed companies in various industries.
Directive on Corporate Sustainability Due Diligence (DCSDD)The Directive on Corporate Sustainability Due Diligence is a European Union (EU) directive that requires EU companies, regardless of size, to carry out due diligence on the sustainability and human rights impacts of their business and supply chains.
International Integrated Reporting Council (IIRC)A global coalition of regulators, investors, companies, and standard-setters working to promote integrated thinking and reporting.
Energy AuditsThe Global Reporting Initiative (GRI) provides guidelines for companies to report non-financial information. These guidelines outline what information should be included in a sustainability report and how it should be presented, ensuring transparency and consistency across different companies and industries. By following the GRI standards, companies can communicate their ESG performance and impacts in a comprehensive and reliable way.
National Sustainability Reporting Framework (NSRF)The NSRF is Malaysia’s framework for sustainability reporting, aligning with the globally recognized ISSB Standards (IFRS S1 and S2). This framework ensures that companies disclose reliable and decision-useful sustainability information, covering climate-related risks, GHG emissions, and other environmental factors. The NSRF will be phased in from 2025 for listed issuers and large non-listed companies in Malaysia, reflecting the country’s commitment to enhancing corporate transparency, investor confidence, and aligning with global sustainability goals.

Creating a sustainability report can be a complex process, as it must address a range of concerns from stakeholders and adhere to reporting standards. This requires finding the right balance between various perspectives and ensuring that relevant ESG information and metrics are included. Additionally, companies must decide how best to present this information in a clear and concise manner.

NEAPOLI offers a range of ESG services designed to help companies integrate sustainable practices into their operations. Our team of experts works closely with clients to understand their unique needs and develop customized solutions that align with their business goals. Our services include:

ESG risk assessments
Sustainability strategy development
Sustainability reporting and compliance (aligned with frameworks like the NSRF, GRI, and IFRS S1 and S2)
Stakeholder engagement
External assurance on GHG emissions
Training and support to embed ESG practices into company culture

With a deep understanding of industry trends, regulations like the NSRF and international standards, NEAPOLI helps companies not only meet their ESG obligations but also drive positive impact and long-term value for their stakeholders.

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