Case Study-Internal Auditing

Topic – ESG Compliance Review

Client Challenge

A leading global Oil & Gas company, sought to enhance its sustainability practices to align with evolving industry standards and regulatory guidelines.

Key challenges included establishing robust policies for sustainability activities, defining organizational roles, improving data integrity in ESG reporting, and aligning waste, water, and power consumption data with sustainability benchmarks.

MBG’S Approach

• MBG conducted a comprehensive audit to address the identified challenges.
• MBG assisted in developing and implementing clear sustainability policies and procedures, finalized the organizational structure with precise job descriptions,
• MBG Enhanced the accuracy of data reporting in the Power BI Dashboard.
• Additionally, MBG helped include power consumption in Scope 2 emissions reporting and ensured compliance with ADX guidelines.

Client ‘s Benefit

• Enhanced ESG Reporting: Improved data accuracy and compliance with ADX & GRI standards, reducing risks and potentially lowering the cost of capital by up to 15%.
• Stronger Industry Alignment: Better sustainability framework leading to operational cost savings, improved risk management, and a 10-20% increase in market share.