ESG and Sustainability Advisory Services

Regardless of the business or asset owned, invested in, managed or operated – whether in manufacturing, chemicals and pharmaceuticals, industrial, professional services, real estate, power, transit or technology management of environmental, social and governance (ESG) matters is now a critical part of value protection and enhancement.

The focus on ESG risk management by customers, employees, investors and other stakeholders has accelerated in recent years and is changing conversations in board rooms and raising expectations. Demands for transparency and accountability are key business drivers for ESG/sustainability disclosures, but what should be measured, managed and disclosed varies significantly depending on many factors including the sector, geographies and specific operations of the asset.

TRC has seen ESG topics rise up the corporate and investor agenda, including concerns about the financial risks posed by climate change, biodiversity loss, environmental justice and diversity and inclusion. Future regulatory changes are also expected with the U.S. Securities and Exchange Commission (SEC) expected to require expanded ESG disclosures in public filings, aligning with similar European requirements.

Concurrently, the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD) has issued updated and more robust disclosure guidelines on climate risk and the Sustainable Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) have increased focus on human and social capital issues.

The development of taxonomies globally will define sustainable outcomes and move us towards a more decarbonized and circular economy.

Whether for new acquisitions or existing operations, TRC supports our clients’ ESG strategy and reporting needs with customized advisory services focused on enhancing resilience, improving access to capital, assuring credibility, accomplishing goals and metrics and creating value.

ESG and Sustainability Advisory Services Include:

• Strategy Development – Including Materiality Assessments and Benchmarking and Reporting and Verification (TCFD, GRI, CDP, SASB, etc.)
• Greenhouse Gas Mitigation and Climate Strategies
• ESG Risk Screening and Due Diligence