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Internal Audit

An internal audit of ESG (Environmental, Social, and Governance) information ensures that the data and disclosures related to a company’s sustainability practices are accurate, consistent, and aligned with relevant frameworks and regulations. This audit evaluates the quality, completeness, and reliability of ESG reporting and the effectiveness of internal controls governing the collection and management of ESG data.

Message from our leader

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Priyanka Pothana

Managing Director and CEO

We are dedicated to helping organizations enhance the transparency, accuracy, and credibility of their sustainability initiatives. With ESG increasingly becoming a critical factor for business success, our internal audit services provide a comprehensive review of your ESG data, processes, and controls to ensure alignment with regulatory standards and stakeholder expectations.


We focus on identifying potential risks in your ESG reporting, streamlining data management processes, and ensuring compliance with evolving frameworks such as GRI, SASB, and IFSR, ESRS. Our audits also support operational efficiency, offering insights into how sustainable practices can unlock cost savings and drive long-term value. By partnering with us, your organization will be better equipped to confidently report ESG performance, mitigate risks, and enhance trust with investors, customers, and regulators. Together, we ensure your sustainability journey is both impactful and strategically sound.

Benefits of Internal Audit

An ESG internal auditor can add significant value to a company in the following five ways:

 

  1. Improved Data Accuracy and Transparency: By auditing ESG disclosures and data collection processes, an internal auditor ensures the accuracy and transparency of sustainability reporting, helping build trust with stakeholders, investors, and regulators.

  2. Risk Identification and Mitigation: An ESG auditor identifies risks associated with environmental, social, and governance practices, enabling the company to mitigate potential financial, reputational, or regulatory risks more effectively.

  3. Enhanced Regulatory Compliance: With a focus on compliance, an ESG auditor ensures that the company meets evolving ESG regulations, standards, and frameworks, reducing the risk of fines or penalties.

  4. Operational Efficiency and Cost Savings: Auditors identify inefficiencies in resource management, energy use, and waste reduction, leading to improved sustainability practices that can also result in cost savings.

  5. Strengthened ESG Governance and Strategy: By assessing governance structures and processes, ESG auditors help strengthen the alignment between ESG goals and overall corporate strategy, improving long-term business sustainability and stakeholder confidence.

key steps in internal audit

A step-by-step approach ensures that the audit is effective, tailored, and actionable. Here’s a structured process

1

Planning and Scoping

  • Identify ESG Areas for Review

  • Select ESG Frameworks and Standards

2

Risk Assessment

  • Evaluate ESG Risks

  • Review ESG Data Processes

3

Data Collection and Testing

  • Review Source Data

  • Test Internal Controls

4

Evaluation Against Standards

  • Benchmark Against ESG Standards

  • Assess Accuracy of Reporting

5

 Reporting and Recommendations

  • Internal Audit Report

  • Action Plan

  • Recommendation

Techniques of ESG Internal Audit

Audit of ESG information requires the use of specific audit techniques and best practices to ensure the quality, reliability, and compliance of the company’s ESG data. Below are detailed techniques and best practices to guide the audit process.

1

Risk-Based Approach

  • Risk Identification

  • Prioritization

2

Data Validation Techniques

  • Substantive Testing

  • Recalculation

  • Reconciliation

3

Process and Control Testing

  • Walkthroughs

  • Internal Control Testing

  • Authorization Controls

  • Data Integrity Controls

  • Review Procedures

4

Benchmarking

  •  Industry Standards

  • Framework Compliance

5

Third-Party Data Validation

  • Supplier and Contractor Data

  • Independent Verification

6

Stakeholder Interviews

  • Key Personnel Interviews

  • Cross-Functional Coordination

7

Materiality Assessment Review

  • Review Materiality Process

  • Alignment with Reporting

8

Data Completeness and Consistency

  • Historical Comparisons:

  • Cross-Report Consistency

9

Audit Findings and Reporting

  • Issue Identification

  • Root Cause Analysis

  • Recommendations

10

Follow-Up and Continuous Improvement

  • Action Plan Monitoring

  • Ongoing Education

By using these techniques and best practices, an internal ESG audit will help organizations enhance their data accuracy, improve transparency, mitigate risks, and strengthen stakeholder trust.

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Engage with senior management

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Cross functional collaboration

GC's Value Proposition

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Technological Integration

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Continuous Monitoring

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Enhanced, consistent and accurate disclosures

Strengthen your ESG performance with a comprehensive internal audit. Our expert auditors assess your environmental, social, and governance practices, identifying risks, opportunities, and compliance gaps. By aligning with global standards and stakeholder expectations, we help you enhance transparency, improve sustainability, and build a resilient, future-ready business. Partner with us today.

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