ESG Strategy & Program Development
Developing an ESG strategy and program can help companies better adapt to stakeholder demands and address reporting requirements.
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Total Tax Transparency & ESG Tax Strategy
Capitalize on ESG opportunities, build trust with stakeholders and manage risk
Bring a total tax mindset to your ESG strategy
From tax contributions that fund key social benefits to environmental taxes and green subsidies, tax plays a critical role in the environmental, social and governance (ESG) conversation.
And as stakeholders call for more transparency in tax disclosures, defining that role is now urgent. Aligning the tax function with overarching ESG strategy can be a challenge – but neglecting the tax perspective can result in missed opportunities to reduce risk and maximize value.
At BDO, we work with you to set an ESG tax strategy that furthers your ESG and business objectives. Leveraging a total tax mindset, we focus on strategies that drive sustainable value creation and mitigate tax and compliance risk. Our team brings together tax and ESG professionals to help you navigate the challenges of the current ESG landscape and tax reporting environment. We meet you where you are in your ESG journey – whether tax has long had a seat at the table or it’s yet to be elevated.
Navigate the intersection between sustainability principles and tax strategy to advance ESG commitments and build a responsible tax program.
How BDO Can Help
Our Approach
We help guide our clients to a successful ESG-driven tax strategy with BDO’s proprietary Tax ESG Cipher. The Cipher is underpinned by three core principles:
- The Approach to Tax: Articulate the purpose and values that guide the tax function
- Tax Governance & Risk Management: Demonstrate how the tax governance, control and risk management frameworks are in alignment with the Approach to Tax.
- Total Tax Contribution: Understand total tax contribution across various taxing jurisdictions and country-by-country activities
Phased Approach
With the Cipher as our north star, we follow a scalable, phased approach:
Phase 0
Whiteboarding
Phase 1
Tax Policy Statement Development
Phase 2
Tax Governance Framework and Design
Phase 3
Tax Data Collection & Business Intelligence
Phase 4
ESG Tax Reporting
Total Tax Transparency
Total tax transparency is an approach to tax reporting that offers stakeholders comprehensive and timely access to a company’s total tax contribution. It brings visibility to how — and to what extent — an organization complies with tax regulations and supports society through taxes borne and collected.
Learn more about the benefits of total tax transparency and how to overcome barriers to achieving it.
ESG Insights
Explore our most recent resources and thought leadership.
FEATURED
Article
Navigating the Intersection of Tax & ESG
May 3, 2022Article
Navigating the Intersection of Tax & ESG
May 3, 2022Although tax credits as subsidies have been a cornerstone catalyst for advancing many ESG policies and technologies over the last several years, tax is often forgotten or minimized in the process of creating and implementing corporate ESG and value creation strategies.
Article
2023 BDO CFO Outlook Survey
January 29, 2023Article
2023 BDO CFO Outlook Survey
January 29, 2023The 2023 BDO CFO Outlook Survey offers critical insights to support strategic decision-making and help your company thrive.
Blog Post
ESG: An Opportunity for Nonprofits
January 25, 2023Blog Post
ESG: An Opportunity for Nonprofits
January 25, 2023In the for-profit world (and particularly among SEC regulated companies), Environmental, Social and Governance (ESG) planning has largely focused through a lens of risk mitigation and value creation.
Article
Treasury, IRS Release Additional Information on Clean Vehicle Provisions of Inflation Reduction Act
January 24, 2023Article
Treasury, IRS Release Additional Information on Clean Vehicle Provisions of Inflation Reduction Act
January 24, 2023The U.S. Treasury Department and the IRS on December 29, 2022, released information on the clean vehicle provisions of the Inflation Reduction Act. The new guidance provides greater clarity to consumers and businesses that, beginning January 1, 2023, are able to access tax benefits from the law’s clean vehicle provisions.
Article
A Review of the Proposed Federal Contractor Greenhouse Gas (GHG) and Climate Risk Disclosure Requirements
January 12, 2023Article
A Review of the Proposed Federal Contractor Greenhouse Gas (GHG) and Climate Risk Disclosure Requirements
January 12, 2023To further champion corporate transparency, the federal government has now proposed a series of disclosure requirements that will formalize reporting processes for both Securities and Exchange Commission (SEC) registered companies and federal contractors.
Article
ESG Assurance: A Competitive Differentiator
January 8, 2023Article
ESG Assurance: A Competitive Differentiator
January 8, 2023BDO explains why ESG assurance is now a competitive imperative for all companies, large and small.
Article
Q&A: EU Expands ESG Reporting Requirements Through the CSRD
December 19, 2022Article
Q&A: EU Expands ESG Reporting Requirements Through the CSRD
December 19, 2022For some time now, large companies in the EU have been required to report certain sustainability information in accordance with the Non-Financial Reporting Directive (NFRD). Under the new Corporate Sustainability Reporting Directive (CSRD), the scope of the existing NFRD and disclosure requirements for companies have significantly expanded. In the future, more companies will be required to report sustainability information, and companies will be required to report on more topics and in more detail than ever before.
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Podcast
BDO in the Boardroom Podcast - Episode 58: What We Know (and Don’t Know) About the SEC’s Proposed Rules on Climate-Related Disclosures
December 6, 2022Podcast
BDO in the Boardroom Podcast - Episode 58: What We Know (and Don’t Know) About the SEC’s Proposed Rules on Climate-Related Disclosures
December 6, 2022Join BDO's Center for Corporate Governance Amy Rojik and her colleague Tim Kviz, National Managing Partner – SEC Services, as they discuss the latest on the SEC’s proposed rules to standardize climate-related disclosures for public companies. The draft rules were issued in March and were expected to be issued by the end of the year, but the SEC has been quiet so far. We’ll analyze what we know, what’s likely to happen next, and what companies can do to prepare prior to the close of 2022.
Article
How to Avoid Greenwashing in Corporate Sustainability Reporting
November 29, 2022Article
How to Avoid Greenwashing in Corporate Sustainability Reporting
November 29, 2022A retail giant was in the news. Its brand reputation, revenues and potential for litigation were all at risk. Sustainability teams had invested time and resources into a new supply chain tracking system and were going to market with a “green” product line in their retail clothing stores. But soon after the rollout, they began hearing rumblings from environmental activists, then from the mainstream media.
Article
Top 5 Insights from COP27
November 28, 2022Article
Top 5 Insights from COP27
November 28, 2022The United Nations’ annual COP events have historically been filled with deliberations among international governments and other stakeholders, which evolve into major pledges and agreements. This year’s COP27 was no different as member nations reaffirmed their commitment to fight climate change and its negative impacts.
Article
2022 BDO Patient Experience Survey
November 28, 2022Article
2022 BDO Patient Experience Survey
November 28, 2022To help providers better understand this new environment, we conducted the 2022 BDO Patient Experience Survey, which polled 3,000 U.S. adults on their feelings towards their providers, insurance and overall healthcare experience.
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Podcast
BDO in the Boardroom Podcast - Episode 57: Proxy Preview 2023
November 21, 2022Podcast
BDO in the Boardroom Podcast - Episode 57: Proxy Preview 2023
November 21, 2022Join BDO's Center for Corporate Governance Amy Rojik as she sits down with Pam Marcogliese, a Partner at Freshfields Bruckhaus Deringer to discuss various issues of importance to stakeholders that may set the stage for the 2023 proxy shareholder proposal season.
Article
Understanding the Board’s ESG Mandate
November 13, 2022Article
Understanding the Board’s ESG Mandate
November 13, 2022Amid a dynamic regulatory landscape and rapidly evolving stakeholder demands, corporate boards face a new mandate: oversight of the organization’s adoption of environmental, social, and governance (ESG) programs.
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Podcast
60-second Retail Podcast - Episode 111: ESG in Retail (Part 3): Ethical Consumerism
November 13, 2022Podcast
60-second Retail Podcast - Episode 111: ESG in Retail (Part 3): Ethical Consumerism
November 13, 2022What's happening with governance practices and policies in the retail sector? What is ethical consumerism? And why is this so important to a retailer looking to stay top of mind with consumers? In this episode, the last of our 3-part mini-series dedicated to ESG in retail, we are again joined by Karen Baum, ESG Service Leader at BDO USA, who explains the importance of using ESG to keep consumer mind – and wallet - share.
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Podcast
60-second Retail Podcast - Episode 110: ESG in Retail (Part 2): Employee Experience & Labor Practices
November 6, 2022Podcast
60-second Retail Podcast - Episode 110: ESG in Retail (Part 2): Employee Experience & Labor Practices
November 6, 2022What can retailers do to improve their employee experience? What labor practice concerns should be top of mind for retailers? In this episode, the 2nd of our 3-part mini-series dedicated to ESG in retail, we are joined by Karen Baum, ESG Service Leader at BDO USA, to help us understand how the social aspect plays out in retail.
Article
2022 SEC Reporting Insights
November 3, 2022Article
2022 SEC Reporting Insights
November 3, 2022Large rulemaking year for SEC, chair advanced many rules on his regulatory agenda and many proposals are already having market effects. BDO providing key disclosure and reporting reminders in this publication.
Stay current with our latest ESG insights.
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Meet our Total Tax Transparency & ESG Tax Strategy Leader
Daniel Fuller
Managing Partner; Tax ESG Strategy and Services National Practice Leader
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