Sustainability

Tax responsibility workshop aims to create a tax strategy that is aligned with business as well as its sustainability goals and internal instructions for implementing it. As an outcome from the workshop, you will receive a concise report on the current state of tax responsibility, internal processes and external reporting as well as our recommendations for further actions.

In the workshop, we will review the company’s tax strategy and other internal guidance as well as discuss the tax risks related to the operating structure, any possible aggressive tax structures and pending appeals and legal processes. We survey the functionality of the tax filing processes and the information available for verifying the accuracy of tax filings.

In addition to the internal guidelines and processes, we review the current status of external tax responsibility reporting and the goals for developing the reporting in order to align with international standards.

By using a sustainability scan tailored to your needs, we will analyze the material sustainability topics with you. The materiality analysis creates the foundation for sustainability work within your company. The sustainability scan provides you with a comprehensive understanding of the impacts of your business on the environment, people and societies as well as the impacts of sustainability themes on your operations. At the core of the survey, we have double materiality, which is also the foundation for sustainability reporting within the EU.

We will scan the sustainability themes that are material to your core business, risks related to sustainability, connections between business and sustainability as well as opportunities for developing business. We identify the key stakeholders for your business and the general sustainability risks in the industry. The sustainability scan creates a foundation for defining sustainability plans and goals and reporting on sustainability.

We help scan the current status of equality and non-discrimination in organizations through interview-based surveys. Our goal, together with our client organizations, is to promote the realization of equality and non-discrimination and to prepare the plans required by legislation in accordance with the needs of the personnel. In addition, we organize customized trainings and workshops.

Has your organization scanned out how gender equality is realized and do people from different backgrounds have equal opportunities to participate in your business activities? In addition to well-being at work and a good work culture, equality and non-discrimination have a connection with the organization’s ability to innovate and understand customers’ different perspectives.

It is the duty of employers to evaluate together with the personnel the realization of equality and non-discrimination in the working community. Companies also have an obligation to promote the realization of equality and non-discrimination and to prevent discrimination.

As regards business acquisitions, sustainability can be examined from the point of view of risk management: A sustainable company is usually well managed and takes into account the impacts of its business on various stakeholders, society and the environment. ESG Due Diligence is tailored according to the target company’s business, sector, size and the needs of the buyer in order for the analysis to support as effectively as possible the buyer’s risk assessment and possible need to consolidate the target company’s sustainability goals with the buyer’s own.

On average, sustainable companies are more productive than others and their operation involves fewer risks. During ESG Due Diligence, we review the current status of sustainability in the target company, its plans and processes for sustainability, the responsible individuals and any possible external sustainability reporting.

ESG Due Diligence is based on the information gathered through interviews regarding the company’s actual understanding of sustainability topics, its risks and its opportunities for developing business. In order to ensure the best possible outcome, we recommend that ESG Due Diligence be performed together with the Due Diligence analyses involving law, taxation and finances.

Alongside Due Diligence analyses, the management and organizational culture survey aims to determine, in the context of business acquisitions, whether differences in the management and organizational cultures of the purchasing company and target company create obstacles for the success of the business acquisition as well as which areas require special attention following the acquisition in order for integration to succeed in the best possible manner.

All members of the organization are at the core of organizational culture, and culture is a key success factor for business. Cultural integration involves risks in the same manner as the finances of the target company do, for example. Succeeding at combining company cultures will have a key effect in terms of achieving the desired synergy benefits.

We will first scan the organizational culture of the acquiring organization, its daily ways of working and the interaction between the different members of the organization. Following this, we perform a similar scan of the target company. In our scan, we utilize group interviews and individual interviews in order to gather qualitative data.

Sustainability applies to the entire organization. For sustainability to be created as a key guiding principle that permeates the entire organization, top management and board members must understand their own role as promoters of sustainability.

The aim of the sustainability workshop for board members is to learn to identify what board members should know about sustainability, how board members can concretely influence the concrete of sustainability in the company and how to make sustainability a key part of the company’s business.