July 15: Let's Talk About Scope 3: How It Works, and How to Make it Work For You
Third Party Assurance
"We completed the third-party assurance process for our 2023 carbon and water footprints at the level of 'reasonable assurance'. Our stakeholders can have full confidence that we are reporting accurate and verified data.
Definition
The verification and validation of your sustainability report by an independent and qualified external auditor. The review process can be conducted to examine your data, methodologies, and disclosures against established standards, frameworks, or principles (e.g. the Carbon Disclosure Project (CDP), Corporate Sustainability Reporting Directive (CSRD), and many more). There are two different levels of assurance that can be received, limited (lower cost but less rigorous) and reasonable (more thorough and provides a higher level of confidence in the ESG data).
Related terms
