Environmental, Social & Governance Services
INTRODUCTION
Prime Advocates offers firms its expertise throughout the process of creating and implementing their ESG strategy. We offer tailored support and regular contact for firms interested in implementing best-in-class active ESG compliance to ensure that they can be market-leading in the ESG space. We offer our services to asset owners, asset managers and corporates across all sectors.
SERVICES FOR CORPORATES
Corporates are increasingly required by investors and legislators to ensure their ESG policies, procedures and disclosures are of a high standard. They also need to ensure that their supply chain and its ESG impacts are accurately documented. To enable this, we offer the following services to our corporate clients:
Policy development
Theory of change creation
ESG/Impact metric advisory
Supplier due diligence
ESG/Impact training, workshops and upskilling
ESG report writing
Ongoing ESG support.
2. SERVICES FOR ASSET MANAGERS AND ASSET OWNERS
Asset owners and asset managers are subject both to regulatory requirements and markets pressures that mean they must be able to demonstrate their ESG credentials and offer ESG-aligned products to their customers. We offer these clients tailored support through the following:
Policy development
Theory of change creation
ESG/Impact metric advisory
Investee due diligence
ESG/Impact training, workshops and upskilling
ESG report writing
ESG assurance
Ongoing ESG support.
ESG Assurance
Leveraging Prime’s market knowledge and social finance law-firm expertise, we provide a unique market leading “holistic” deep dive ESG Assurance reporting service. This allows for ESG optimisation and critical stakeholder reliance on our third-party assessent/ procedural verification of our client (corporate/ asset owner/ asset manager) ESG outputs, methodologies and processes:
OPIM - Operating Principals of Impact Management assurance = light ESG Assurance.
Holistic ESG Assurance - full Prime Stewardship-ESG Assurance due diligence, regulatory / best practice benchmarking, analytical frameworks, public and internal reporting.
THEORY OF CHANGE
Prime Advocates’ bespoke theory of change offer is for firms wishing to formally consider and detail what impact they already have and want to have. A theory of change links inputs and activities outputs, outcomes and goals, allowing firms to explain how what they do creates the impact they desire to have. A theory of change can also demonstrate the firm’s impact prioritisations and alignment with ESG standards such as the UN’s Sustainable Development Goals (SDGs), lending further credibility to the firm’s ESG credentials.
Policy Development
We offer a market leading policy creation service for clients who wish to formalise their impact policies or improve existing ones. Prime Advocates emphasizes market knowledge and the following simple criteria within our expert methodology:
DUE DILIGENCE
We offer our expertise in carrying out ESG due diligence on clients. Our bespoke due diligence service is devised in cooperation with our clients and aims to bring them confidence that their policies comply with the law, while also ensuring proper alignment with voluntary standards and best practice.
ESG/ IMPACT METRIC ADVISORY
This ESG/ impact advisory service offers organisations ad-hoc and tailored assistance with maximising their impact. We will begin by reviewing the quantitative and qualitative metrics that the organisation currently collects and comparing this with regulatory requirements and best practice to identify any omissions or failings. We will then use the information from this review to recommend additional data to capture for our client so that they can better monitor and improve their impact.
TRAINING/ WORKSHOPPING AND UPSKILLING
We support long-term organisational development on ESG or impact themes. We provide training to funds / corporate clients to help them introduce ESG methodology and applied understanding to relevant employees. Our training provides an overview of the history of ESG, terminology, trends and helps develop a basis for developing evaluative criteria and skills (allowing for action) subsequent reporting schematics.
ESG/IMPACT REPORT WRITING
We offer a report writing service for clients who wish to publicly disclose their impact but lack the expertise to compose a full impact report. Our reporting is aligned with our clients’ desired standards and regulation, while always meeting industry best practice.
HOLISTIC LONG TERM SUPPORT – CHIEF IMPACT OFFICER FUNCTION
We provide a holistic and comprehensive out-sourced ESG Expert function. Our high-calibre expert staff act as an external “Chief Impact Officer”, providing a go-to resource for ESG and responsible investment issues for hedge funds and institutions.