SES provides various types of services relating to ESG such as ESG Score of a Company based on proprietary Evaluation Model, ESG Reports, ESG Research, ESG Data Services, BRSR Guide and an Online BRSR Platform to enable companies to fill, store and export BRSR Data & Report.
It may be noted that SES has been empanelled by AMFI as a recognized ESG Rating Provider (ERP) to members of AMFI, i.e. to the Asset Management Companies (AMCs) of SEBI registered mutual funds for the purposes of providing ESG ratings services in accordance with SEBI and AMFI guidelines.
Further, SES is licensed user of SASB Standards / Materiality Map. And is also a community member of Global Reporting Initiative.
SES has created an ESG Score – Evaluation Model through which it analyses and gives score to a company’s ESG factors
The model has over 400 questions and is based on both legal / mandatory and voluntary frameworks / global best practices
The model was developed by SES and has been vetted by Cyril Amarchand Mangaldas (CAM) and NSE.
Based on SASB Standards and SASB Materiality Map, SES has determined the weightages, which varies from the industry to industry based on issues material to the relevant industry.
It may be noted that “SES licenses and uses the SASB Materiality Map® Disclosure Topics and SICS in ESG Work”
With various changes in Regulatory and Voluntary requirements in ESG space, SES has always considered the developments and incorporated them into the Model, i.e. SES Model is not static, rather it evolves and incorporate important & relevant developments from time to time.
ESG Report – Score & Analysis:
SES prepares a report based on its analysis on company’s ESG practices, using SES Score Evaluation Model
These Reports provide scores & analysis of overall ESG score and each of E, S & G factors.
For each FY, one report for each company for a financial year will be prepared annually based on yearly disclosure reports such as annual report / BRSR / ESG additional disclosures / integrated annual / sustainability / BRR report etc. (whatever publicly available)
However in case there is any major development in respect of any company, a supplementary report may be provided.
SES uses data available only in public domain for its reports and analysis.
Other than score report, SES prepares customised ESG, E or S reports based on client requirements
Customised ESG Report: In past, as per request of an Foreign Institutional Investor, SES had prepared customised 2-pager Report only on Environment, covering key environmental factors viz. Energy, Emission, Water and Waste.
SES also provide custom client based ESG research such as benchmarking companies with relevant global peers and as per global best practices as per client requirements. Following are some of projects done:
Index study of sample companies (E.g. Top 50; Top 100)
2020 – Published for Top 50 companies in association with National Stock Exchange
2021 – Published for Top 100 companies along with Ambit Capital
2022 – Published for Top 120 companies along with Ambit Capital
2022 – Published for Top 100 companies in association with National Stock Exchange
2021 – Study of ESG Practices of top Private Banks, compared with SBI and global peers.
2022 – Study of ESG Practices of Life Insurance companies, and compared with global peers.
ESG DATA SERVICES
ESG Data Services relates to providing Data Sets / Points Relating to E, S & G Factors.
SES was approached by Nasdaq to become their partner for supply data on E, S & G factors for their ESG data hub platform, and the same is available at: Nasdaq website.