Audit, tax, and advisory firm Forvis Mazars partners with EcoOnline, a global provider of safety and sustainability software, enabling clients to adopt advance ESG solution for sustainability reporting.
The move comes as Singapore companies face an extended timeline to navigate mandatory climate-related reporting standards from the Singapore Exchange (SGX) and the Accounting and Corporate Regulatory Authority (ACRA).
Under the partnership, EcoOnline’s ESG software will directly support and enhance Forvis Mazars' established sustainability services by providing clients with a robust tool for data management, calculation and reporting.
With the timeline extended for most non-Straits Times Index (STI) companies, organisations can evaluate gaps and build robust capabilities and capacity to manage reporting challenges.
Key Forvis Mazars services to be augmented by the solution include:
- Framework reporting advisory: Streamlining the collection and analysis of ESG data for global and regional reporting, fully aligned with Corporate Sustainability Reporting Directive (CSRD), Global Reporting Initiative (GRI), Task Force on Climate-related Financial Disclosures (TCFD) and other leading frameworks and standards
- Climate risk analytics: Eliminating manual work around researching physical risk exposure and impact assessment with location-specific, science-based data for decision making
- Carbon accounting: Utilising the solutions independently verified calculation engine to ensure Scope 1, 2, and 3 emissions are credible to facilitate clients’ decarbonisation journey
- Forecasting: Providing audit-ready, science-based outputs and dynamic scenario modelling, auto-updated with live data, to help organisations confidently plan their emissions reduction strategies and evaluate multiple what-if scenarios
- Sustainability assurance: Providing a clear, auditable trail of data that strengthens the integrity of information for both internal governance and external assurance.
Further, the partnership focuses on market awareness through educational initiatives in Singapore, including training and knowledge-sharing sessions, to help companies better understand and leverage the solution.
The integrated ESG and sustainability solution from Forvis Mazars and EcoOnline is now available to clients in Singapore.
