ESG Report Verification: GRI Standards, IWA 48:2024 & IFRS S1/S2
I. INTRODUCTION TO ESG REPORT VERIFICATION SERVICE
In the green economy era, the ESG Report (Environmental, Social, and Governance) is considered the "passport" to the global supply chain. This is not merely a communication tool, but a concrete testament to a business's sustainable development commitments. However, the value of this report depends heavily on the accuracy and honesty of the disclosed data.
Building Trust – Confidently Integrating.
Understanding this, GIC Vietnam provides independent and objective ESG Report Verification services. The service is implemented in compliance with international standards, including:
- Verification Process: Meets ISO/IEC 17029:2019 standards for validation and verification bodies.
- Applicable Reporting Standards: Compatible with leading reporting frameworks such as GRI Standards, IWA 48:2024, IFRS S1/S2, and other accepted requirements.
With a risk-based approach and a team of experienced experts, GIC Vietnam commits to accompanying businesses in enhancing their reputation and position in the international arena.
II. VERIFICATION PROCESS
GIC Vietnam’s verification process is standardized into 05 steps, ensuring objectivity and independence:
1. Reception & Review of Request
- The client provides information via the Verification Registration (GF.21.01).
- GIC evaluates risks, calculates mandays, and signs the contract.
2. Planning & Preliminary Review
- GIC establishes a Verification Team and sends a detailed Verification Plan to the client.
- Experts conduct a Preliminary Document Review (GF.21.04) to check data readiness before the on-site assessment.
3. On-site Verification
- Interviews: With the Board of Management and relevant departments.
- Data Tracing: Cross-checking from the ESG Report -> Aggregated Data -> Source Documents.
- Observation: Field inspection of factories and projects.
4. Reporting Results & Resolving Misstatements
- The Verification Team presents findings and the Verification Report.
- If non-conformities are found, the business implements corrective actions and refines the ESG report. GIC will review the evidence of correction (if necessary).
5. Independent Review & Statement Issuance
- The verification file is independently reviewed by an expert not involved in the assessment team.
- GIC Vietnam officially issues the Verification Statement to confirm the reliability of the report.
III. WHY CHOOSE GIC VIETNAM FOR ESG REPORT VERIFICATION?
- GIC Vietnam (a member of GICG) is a conformity assessment body with over 20 years of experience, operating according to European and North American standards. We are proud to be accredited by leading prestigious organizations such as UKAS (UK), JAS-ANZ (Australia - New Zealand), CPSC (USA), CNAS (China), and VICAS (Vietnam). With the motto “Certified once, accepted everywhere”, GIC Vietnam’s Verification Statement helps businesses affirm their solid position in the global supply chain.
- Our verification process and documentation system are methodically and thoroughly designed, from the planning stage to result reporting. All activities ensure compliance with the requirements of the ISO/IEC 17029:2019 standard for validation and verification activities.
- GIC's team combines in-depth knowledge of Environmental (E), Social (S), and Governance (G) pillars with specialized legal and technical understanding. GIC Vietnam does not merely evaluate based on data but also understands the specific operational characteristics of each industry.
- Cooperating with GIC Vietnam goes beyond just obtaining a “passport” (Verification Statement). Our expert team will support businesses in identifying potential risks within the data management system and proposing improvement opportunities, helping to optimize operational processes and enhance management efficiency.
- GIC Vietnam commits to maintaining objectivity, independence, and no conflict of interest in all verification activities. All client data is kept confidential in accordance with the law and professional ethical standards.
For clients with ESG report verification needs, please contact:
GIC VIETNAM
🏢 Hà Nội: 12F, 14 Lang Ha Building, Giang Vo Ward
☎️ Tel: 024.6275 2268 | Fax: 024.6275 2269
📧 Email: tuandm@gicvn.vn
🏢 Hồ Chí Minh City: R502, 160 Nam Ky Khoi Nghia
☎️ Tel: 028.3930 7936
