Following sustainable development practices helps companies avoid significant risks when implementing projects and improve the efficiency of a number of operational and production processes. Before starting a project, it is important to have information about potential ESG risks and other threats in order to prevent unreasonable costs or disruptions of the project.

Conducting a preliminary ESG audit allows you to make an informed choice whether to invest in a project or not, as well as make a different management decision.

In order to avoid serious incidents, fines and other costs, all ESG aspects of the project should be taken into account today. However, the company's lack of internal audit resources may prevent it from obtaining information about the real state of affairs on the project. In this case, companies can use the services of external specialists.

RWA Consulting experts will audit the client's existing enterprises, audit investment and construction projects taking into account ESG factors and help develop a set of measures to improve the ESG rating at various stages of project planning and implementation. Based on the audit results, we are preparing a detailed report. The client will be able to make an investment decision or use the report as a basis for making qualitative and quantitative changes to the project.

More and more companies are faced with the need to develop and consolidate their goals for achieving sustainable development and following the ESG principles in a specific document - the ESG strategy.

This trend is due to the growing number of people interested in the ESG strategy and the number of processes dependent on it. This may be a desire to gain the trust of consumers and maintain competitiveness, strengthen their position in the eyes of investors and creditors, or increase their status as an employer.

Anyway, when the company has identified a sustainable development agenda that is relevant to itself, it goes to the next stage — the formalization of the ESG strategy as the basis for a new business management model.

For our part, in the course of providing the service, we are ready to share with clients the best international practices in a particular industry, help identify and prioritize the company's key ESG goals and plan a presentation of the strategy to stakeholders. As a result of the cooperation, the client receives an ESG strategy consistent with the overall strategy of the company, and a step-by-step plan for the implementation of the ESG strategy aimed at achieving sustainability and attractiveness for investments by the company.

In the process of ESG transformation, companies face the need to obtain an independent ESG rating - an assessment of the company's compliance with sustainability criteria. ESG ratings show investors and other stakeholders the likelihood of realizing non-financial risks in the company, as well as verify its achievements in the field of sustainable development.
Depending on the initial goal of the company — attracting financing from external investors within the framework of ESG programs, developing a PR or communication ESG strategy, improving the perception of stakeholders, etc. - the entire further process of obtaining a rating is built, including directly choosing a rating agency, since the methodologies and the number of metrics in different rating agencies differ from each other.
For companies confirming compliance with the principles of sustainable development, including through the ESG rating, opportunities for obtaining green financing open up. Today, on the basis of the largest credit institutions, whole complexes of financial products, special tools and services aimed at financing various green initiatives and ESG projects are actively developing.
RWA Consulting offers comprehensive support for obtaining an ESG rating. We cooperate with leading rating agencies, as well as regularly monitor the methodologies and requirements of Western rating agencies.
Our range of services includes selecting an agency to receive an ESG rating, developing an action plan, preparing the necessary documents (including in English) and advising management on conducting communication events with the company's stakeholders to notify them of the received ESG rating. In addition, our team provides assistance in finalizing individual environmental, social or management policies to obtain a higher rating.

In accordance with the legislation on limiting greenhouse gas emissions and creating a mechanism for accounting for carbon units, organizations whose annual greenhouse gas emissions exceed 150 thousand tons (before 2024) or 50 thousand tons (after 2024) of CO2 equivalent fall under regulation. From January 1, 2023, regulated organizations will be required to systematically report on greenhouse gas emissions for the purpose of their state accounting, as well as to meet targets set within the framework of public administration for reducing greenhouse gas emissions.
While legislation only provides for the monitoring of CO2 emissions, the law on fines is at the draft stage. At the same time, the absence of reports on greenhouse gas emissions or their provision in full will entail liability in the form of monetary penalties.
Our experts are ready now to assist partners in assessing the carbon footprint and to begin the formation of carbon reporting.