TriVista Announces Environmental, Social, and Governance Due Diligence Service
TriVista, a leading operations, supply chain, and technology advisory firm, has announced the launch of its Environmental, Social, and Governance (ESG) Due Diligence service.
With a rising global emphasis on sustainability and corporate responsibility, TriVista's new product will assist teams in assessing and measuring environmental, social, and governance (ESG) processes, programmes, and metrics.
This service will help TriVista's Transaction Advisory Services practice, which is overseen by Gavin Fielden, the firm's Managing Director.
"The ESG space has grown enormously in importance, particularly over recent years, for corporations, investors and consumers,” said Fielden. “With this new service, we’ll support our clients in understanding the risks and opportunities associated with each component of E, S and G."
TriVista recently conducted an informal survey of around 40 private equity CEOs from 25 different firms. Almost all of the businesses polled with fund sizes greater than $300 million perform ESG Due Diligence on at least 70% of transactions. And 78% of those don't expect to do so within the next three years.
ESG Due Diligence will give a comprehensive evaluation of a target's value chain and analyse how each component of ESG influences the business, investors, and the globe for private equity firms. TriVista will assist clients in completing difficult ESG analyses by utilising its own standards.
These benchmarks will be in line with industry-specific and regulatory requirements, such as those from the Sustainability Accounting Standards Board (SASB). More than a third of the people who filled out the survey use these kinds of metrics in the annual reports of the companies they invest in.
"Providing ESG Due Diligence was an important service for us to launch with many of our clients increasing their focus on ESG-related strategies,” said Tim Ristoff, Founder and CEO at TriVista. “The service offers robust capabilities for our clients’ evolving needs and complements our established offerings – allowing for streamlined due diligence workstreams."