Consultancy in International ESG Performance Index Systems
The evaluation and scoring of institutions' Sustainability and ESG Performance by International ESG Performance Assessment Organizations is important for measuring their success. While sharing necessary data with community stakeholders through Sustainability Reports, it is also crucial that these reports meet and cover the requirements specifically requested and considered in the scoring criteria by ESG Rating Organizations. This plays a significant role in determining the rating score. Additionally, Corporate Key Performance Indicators (KPIs) must be fully and accurately included, transparently measured, and clearly presented in the report.
Here are the main organizations and platforms that evaluate companies based on Environmental, Social, and Governance (ESG) criteria:
1. EcoVadis: It has become one of the most widely used rating systems in the ESG field by evaluating more than 100,000 companies worldwide.
EcoVadis is a global rating platform that evaluates companies' Environmental, Social, and Governance (ESG) performance. It independently analyzes companies' sustainability practices and scores them based on criteria such as environment, labor and human rights, ethics, and sustainable supply chain.
Features of EcoVadis:
ESG Rating: Evaluates companies' sustainability performance with a score between 0 and 100.
Thematic Scope: Examines four main themes: environment, labor rights, ethics, and sustainable supply chain.
Supply Chain Management: Ensures transparency and sustainability by working with suppliers.
Industry Benchmarks: Compares companies with others in their industry and size.
Certification and Medals: Awards successful companies with Bronze, Silver, Gold, and Platinum medals to recognize their achievements.
Who Uses It?
Large companies
SMEs and suppliers
Investors and financial institutions
Public institutions and NGOs
2. B Corp Certification: B Corp is a global system that certifies companies with sustainable and ethical business models. Companies holding this certification are required to transparently prove that they fulfill their environmental and social responsibilities. The certification process covers many criteria, including employee rights, social impact, and contributions to the environment.
3. CDP (Carbon Disclosure Project): CDP provides a platform for companies and cities to report their environmental impacts. It specifically collects and evaluates data on issues such as carbon emissions, water usage, and deforestation.
4. MSCI ESG Ratings: MSCI evaluates companies' compliance with ESG criteria and provides guidance to investors. These ratings analyze companies' long-term risk management and sustainability performance.
5. Sustainalytics: Sustainalytics is a global research and rating firm that assesses companies' ESG risks and performance. It helps investors understand the sustainability risks associated with companies.
6. ISS ESG: ISS ESG, offered by Institutional Shareholder Services (ISS), evaluates companies' sustainability and governance performance and provides investors with analyses on these topics.
These organizations assess companies’ sustainability performance and provide valuable information to investors and other stakeholders. Each uses different methodologies and criteria to analyze and rate companies’ ESG compliance.
SustainLook provides services in the following areas to help institutions improve their performance in ESG Performance Indexes:
1. Preparation of the Corporate Sustainability Performance Analysis Report
2. Providing consultancy in the preparation of missing Policies and Procedures
3. Guiding and collaborating with corporate executives in the preparation of “Sustainability Action Plans” and determining roadmaps
4. Monitoring “Product and Methodology Updates” of ESG Rating Agencies, obtaining reports from the system, and delivering them to corporate executives
5. Offering solution proposals to improve the quality and content of Stakeholder Reporting
6. Advising the institution on obtaining necessary documents and agreements for promoting “Sustainability Initiatives and Principles” and providing recommendations
7. Preparing documentation and method proposals to contribute to the “Sustainable Procurement” process
8. Presenting the institution’s positioning and current status within its sector based on existing data in the Endesk System through comparative reports
9. Informing corporate executives about the guidelines of EcoVadis and similar rating indexes, and providing tailored presentations and content on how to improve the Sustainability score
10. Conducting weekly meetings with corporate executives to fulfill the requirements of the “Improvement Recommendations Report” requested by EcoVadis and similar rating agencies
12. Evaluating the institution’s “Sustainability Risk Table” within the scope of ESG Rating Agencies’ Risk Analyses, and offering solutions to develop the components of the risk map
13. Supporting the institution in developing Collective Bargaining Agreement contents under the “Labor and Human Rights Theme” of ESG Rating Agencies, providing opinions, and informing executives to ensure compliance with index guides
14. During the survey process launched by EcoVadis and similar indexing organizations, collaborating with corporate executives to complete the survey questions in the system according to evidence guidelines and evaluation methodologies.
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