Without a periodical assessment no interested party can be confident that the organization maintains the level of exposure to ESG risks. In fact, the initial assessment represents a snapshot of the situation at a specific time.
Therefore, the GIF ESG Rating and assurance scheme includes a cycle of periodic assessment aiming to confirm whether the organization maintains or improve its scoring. This is very important for banks interested to monitor the exposure level to risks of a loan.
In the event of new facts or information that could affect the validation statement are discovered after the issue date, the validation body shall:
- communicate the matter as soon as possible to the organization
- take appropriate action including discuss the matter with the organization and consider if the validation statement requires revision or withdrawal.