The initial assessment represents a snapshot of the risk profile at a specific time. However, this information does not provide confidence regarding the ability of keeping the same risk profile over time.
Therefore, the GIF ESG Rating scheme also includes periodical verifications. In other words, the GIF programme includes periodical verifications on the Organization.
Above all, verifications aim to provide Stakeholders with confidence that the Organization keeps and improves the ESG risk profile during the validity period of the validation.
Likewise the Due Diligence, a verification consists of a complete Due Diligence. For instance, verifications may include: documentation review, information gathered on media, evaluation of feedback received by other organizations, site visits, interviews with interested parties.
Most importantly, the type (planned or short notice), number and frequency of verifications depend on the score achieved during the initial Due Diligence according to the following table: