ESG Strategy & Program Development
Developing an ESG strategy and program can help companies better adapt to stakeholder demands and address reporting requirements.
Capitalize on ESG opportunities, build trust with stakeholders and manage risk
From tax contributions that fund key social benefits to environmental taxes and green subsidies, tax plays a critical role in the environmental, social and governance (ESG) conversation.
And as stakeholders call for more transparency in tax disclosures, defining that role is now urgent. Aligning the tax function with overarching ESG strategy can be a challenge – but neglecting the tax perspective can result in missed opportunities to reduce risk and maximize value.
At BDO, we work with you to set an ESG tax strategy that furthers your ESG and business objectives. Leveraging a total tax mindset, we focus on strategies that drive sustainable value creation and mitigate tax and compliance risk. Our team brings together tax and ESG professionals to help you navigate the challenges of the current ESG landscape and tax reporting environment. We meet you where you are in your ESG journey – whether tax has long had a seat at the table or it’s yet to be elevated.
Navigate the intersection between sustainability principles and tax strategy to advance ESG commitments and build a responsible tax program.
We help guide our clients to a successful ESG-driven tax strategy with BDO’s proprietary Tax ESG Cipher. The Cipher is underpinned by three core principles:
With the Cipher as our north star, we follow a scalable, phased approach:
Whiteboarding
Tax Policy Statement Development
Tax Governance Framework and Design
Tax Data Collection & Business Intelligence
ESG Tax Reporting
Total tax transparency is an approach to tax reporting that offers stakeholders comprehensive and timely access to a company’s total tax contribution. It brings visibility to how — and to what extent — an organization complies with tax regulations and supports society through taxes borne and collected.
Learn more about the benefits of total tax transparency and how to overcome barriers to achieving it.
Explore our most recent resources and thought leadership.
Although tax credits as subsidies have been a cornerstone catalyst for advancing many ESG policies and technologies over the last several years, tax is often forgotten or minimized in the process of creating and implementing corporate ESG and value creation strategies.
As we work to advance sustainability across the firm, learn more about our goals, commitments and actions.
In this episode we dive into some of the staggering growth statistics we've been tracking over the last few years, delve into why consumers are shifting their spending to the resale market, and discuss some ways retailers can win back the consumer's attention and wallet.
To catch up on key trends in the nonprofit industry, read the latest issue of BDO's Nonprofit Standard newsletter.
Seeking assurance over ESG data is a significant undertaking, BDO explores the challenges companies can expect to face and guidance to manage associated risks in our latest article.
BDO’s 2023 Shareholder Meeting Agenda presents the most pressing issues for boards and management teams to consider ahead of this year’s annual shareholder meetings.
The U.S. Department of the Treasury and the Internal Revenue Service released guidance on February 13, 2023, providing taxpayers with information and timelines on the program under Section 48C(e)(1) for the allocation of $10 billion of Section 48C credits under the recently passed Inflation Reduction Act.
With the energy transition already underway, businesses have a range of opportunities to help scale renewables and alternatives — and benefit a broad range of stakeholders.
The changes to credits and incentives create new opportunities for energy organizations to optimize the benefits they receive, but there are several considerations for companies taking advantage of these credits.
The regulatory landscape for financial institutions and financial services companies is ever evolving. Consumer behavior and expectations are primary catalysts for new or amended regulation.
As the economic downturn pressures fintechs, the industry can expect a continued flurry of headlines about fintech layoffs.
This article provides an introduction to renewable energy tax credits and highlights several key factors that buyers and sellers of these credits should consider.
The decision has meaningful implications for budget, time commitment, and confidence in your reporting.
To help guide planning, we’ve highlighted key topics under focus from regulators worldwide and what those developments could mean for business.
The Chips for America Actintends to address the chip shortage by offering about $52 billion in subsidies and incentives to expand domestic semiconductor production.
The pressure on U.S. companies importing goods from overseas to document that their supply chains are free from forced labor has never been greater or more critical.
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Tax Digital Transformation and Innovation Leader and ESG Tax Leader
Developing an ESG strategy and program can help companies better adapt to stakeholder demands and address reporting requirements.
BDO provides third-party assurance that enhances the credibility of your ESG information and instills confidence in your stakeholders.
BDO's Community Resilience team both supports our clients’ investments in their communities and equips those they serve with the resources they need to thrive.