Without a periodical validation 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 scheme includes a cycle of periodical validation aiming to confirm whether the organization maintains or improve its scoring.
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.