ESG Due Diligence related to restructuring helps to identify key environmental, social and governance (ESG) risks and opportunities in the context of acquisitions, investment decisions and other types of restructuring. 

Read more about our Due Diligence services. 

We provide assurance services for reporting on the use of funds related to green bonds, as well as impact reporting. We provide verification that assets financed by green bonds and the use of the proceeds meet the requirements of the applicable criteria and frameworks in terms of both environmental and social objectives. At the same time, we assess the transparency of the allocation of the proceeds and the reliability of reporting. 

With regard to impact reporting, we can provide verification concerning, for example, specific performance indicators or broader reporting scopes depending on the client’s needs. Assurance engagements are carried out at the level required by the applicable framework, typically at the level of limited assurance, and a written assurance report is issued.

The Sustainable Finance Disclosure Regulation (SFDR) came into force as part of the EU’s sustainable finance package. The Regulation obliges financial market operators to disclose openly how they take sustainability into account in their investment activities. The aim is to increase transparency in investment products, prevent greenwashing and help investors make more sustainable decisions. The Regulation applies to asset managers, funds, insurance companies and providers of investment advisory services, among others. 

BDO offers expert services for the interpretation, implementation and continuous compliance with the SFDR, and we provide assistance with the development of operating models, data collection and reporting, for example.

The importance of sustainable finance is constantly growing as companies and investors look for ways to combine financial goals and sustainability. Changing regulations and stakeholder expectations place new demands on companies regarding the transparency and sustainability of financial reporting. 

Our expertise in IFRS standards is a key part of our sustainable economy services. We help you to navigate the complexity of reporting requirements, whether it¨concerns IFRS 9-compliant handling of sustainable financial instruments, assessing provisions related to climate risks on the basis of IAS 37 or preparing for the upcoming IFRS S1 and S2 standards that guide sustainability reporting. We provide practical support in the application of IFRS standards and help to develop reporting practices that meet both current and future requirements. 

Learn more about our IFRS services. 

The experts of the ESG Tax Team will help your company to identify the most important tools for aligning financial targets with sustainability. Sustainable tax services culminate in the calculation of the tax footprint, which refers to the taxes and tax-like levies paid by the company to society, which, in addition to the company’s income tax and value added tax, typically consist of withholding taxes on salaries and statutory personnel costs. The tax footprint provides information on the company’s operations, sustainability and tax transparency for internal use as well as for the needs of external stakeholders. The report communicates the company’s social responsibility in more detail than the financial statements. 

Learn more about our tax services.