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 4, 2022Article
Navigating the Intersection of Tax & ESG
May 4, 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
How to Set Effective ESG Goals and Targets
May 30, 2023Article
How to Set Effective ESG Goals and Targets
May 30, 2023Without careful planning at the initial goal and target-setting stage, it may be impossible for companies to unlock the potential for value creation. In BDO’s series on starting your ESG journey, we outline key considerations that can help your company set effective ESG goals.
Article
Starting Your ESG Journey: Pave the Way for a Sustainable, Resilient Future
May 30, 2023Article
Starting Your ESG Journey: Pave the Way for a Sustainable, Resilient Future
May 30, 2023As you begin your ESG journey, the volume of decisions and activities may seem overwhelming. To help, BDO has created a five-step approach to develop a customized ESG strategy and program that delivers lasting impact.
Article
Materiality Assessment: Identify the ESG Issues Most Critical to Your Company
May 30, 2023Article
Materiality Assessment: Identify the ESG Issues Most Critical to Your Company
May 30, 2023Conducting an ESG materiality assessment is an important step in ESG strategy and program development. In this article, we share insights to help you plan your ESG materiality assessment and effectively use the information it provides.
Article
Canada Ramps Up Efforts to Eliminate Forced and Child Labor in Supply Chains
May 25, 2023Article
Canada Ramps Up Efforts to Eliminate Forced and Child Labor in Supply Chains
May 25, 2023On May 3, 2023, the Canadian Parliament passed a bill (Bill S-211) focused on environmental, social and government (ESG) policy, entitled “An Act to Enact the Fighting Against Forced Labour and Child Labour in Supply Chains Act and to Amend the Customs Tariff” (Act).
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Podcast
BDO in the Boardroom Podcast - Episode 62: Driving Stakeholder Interest and Engagement With Your Sustainability Reporting
May 9, 2023Podcast
BDO in the Boardroom Podcast - Episode 62: Driving Stakeholder Interest and Engagement With Your Sustainability Reporting
May 9, 2023Join BDO's Center for Corporate Governance Amy Rojik as she is joined by Moira Conlon, CEO and Founder of Financial Profiles, as they discuss the strategy in driving stakeholder interest, understanding and engagement through the organization’s sustainability reporting.
Article
How Healthcare and Biotech Can Benefit from New Tax Credits and Incentives
May 9, 2023Article
How Healthcare and Biotech Can Benefit from New Tax Credits and Incentives
May 9, 2023Want to take your healthcare organization’s tax planning to the next level? Read the insight insight to learn about available tax credits and incentives.
Article
Spring 2023 BDO Board Pulse Survey
May 3, 2023Article
Spring 2023 BDO Board Pulse Survey
May 3, 2023Expanding Roles, Risks and Opportunities for Boards in Another Disruptive Year
Press Release
BDO USA, LLP Announces Inaugural Sustainability Report
May 1, 2023Press Release
BDO USA, LLP Announces Inaugural Sustainability Report
May 1, 2023This report highlights BDO’s commitment to sustainability and ESG and details the actions the firm is taking to continuously evolve its business to be more responsible and resilient.
Article
2022 Sustainability Report
April 26, 2023Article
2022 Sustainability Report
April 26, 2023As we work to advance sustainability across the firm, learn more about our goals, commitments and actions.
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Podcast
60-second Retail Podcast - Episode 128: Resale Grows Beyond Apparel
April 14, 2023Podcast
60-second Retail Podcast - Episode 128: Resale Grows Beyond Apparel
April 14, 2023In this episode we dive into some of the staggering growth statistics we've been tracking over the last few years, delve into why consumers are shifting their spending to the resale market, and discuss some ways retailers can win back the consumer's attention and wallet.
Article
Nonprofit Standard Newsletter - Spring 2023
April 14, 2023Article
Nonprofit Standard Newsletter - Spring 2023
April 14, 2023To catch up on key trends in the nonprofit industry, read the latest issue of BDO's Nonprofit Standard newsletter.
Article
Navigating Challenges in ESG Assurance
March 27, 2023Article
Navigating Challenges in ESG Assurance
March 27, 2023Seeking assurance over ESG data is a significant undertaking, BDO explores the challenges companies can expect to face and guidance to manage associated risks in our latest article.
Article
2023 Shareholder Meeting Agenda
March 20, 2023Article
2023 Shareholder Meeting Agenda
March 20, 2023BDO’s 2023 Shareholder Meeting Agenda presents the most pressing issues for boards and management teams to consider ahead of this year’s annual shareholder meetings.
Article
Treasury, IRS Provide Guidance on Advanced Energy Project Credits
March 15, 2023Article
Treasury, IRS Provide Guidance on Advanced Energy Project Credits
March 15, 2023The U.S. Department of the Treasury and the Internal Revenue Service released guidance on February 13, 2023, providing taxpayers with information and timelines on the program under Section 48C(e)(1) for the allocation of $10 billion of Section 48C credits under the recently passed Inflation Reduction Act.
Article
5 Steps Energy Companies Should Take to Succeed in Renewables
March 15, 2023Article
5 Steps Energy Companies Should Take to Succeed in Renewables
March 15, 2023With the energy transition already underway, businesses have a range of opportunities to help scale renewables and alternatives — and benefit a broad range of stakeholders.
Stay current with our latest ESG insights.
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Meet our Total Tax Transparency & ESG Tax Strategy Leader
Daniel Fuller
Tax Digital Transformation and Innovation Leader and ESG Tax Leader
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