Sustainability Assurance Readiness
Replace with "California Climate Laws: The Narrative and the Numbers
Risks and Opportunities from Non-Financial Reporting.
ESG Reporting: Better Info for Boards – for Boards, Internal Audit, and EHS Auditors.

Our Services

ESG
    • Environmental
    • Social
    • Governance
             
Audit, Risk, Compliance
    • Audit (External)
    • Audit (Internal)
    • Environmental Fraud
    • Quality Assurance Review (QAR)
    •  Risk
    •  Compliance
Non-Financial Reporting
    • External Reporting (SASB, GRI etc.)
    • Stakeholder Reporting (B2B)
    • Management Reporting
    • Performance Evaluation & Improvement
    • Audit & Assurance
               

About Us

Douglas Hileman Consulting LLC (DHC) helps clients meet challenges posed by ESG. Environmental, Social and Governance (ESG, often discussed as Sustainability) encompasses dozens of issues. Climate change, new regulations, modern day slavery, water quality and availability, growing stakeholder expectations, disclosures in financial filings – these are just a few. ESG issues have led to a growing body of compliance requirements, operational and reputational risks, and non-financial reporting (NFR) requirements. Some is mandatory, some is "voluntary". Companies are overwhelmed with the pace of change, and the expectations of different stakeholders. Structures and programs designed just a decade ago to meet ESG compliance requirements are still necessary, but they are no longer sufficient.

Publications & Presentations

DOUBLE MATERIALITY ASSESSMENT (DMA) Misconceptions, Explanations and Examples

Sustainability professionals should learn to talk the language of the Board and the C-Suite.  Finance, Accounting, Internal Audit, and Controllers play an increasingly prominent role in reporting and disclosures to capital markets.  They also have a role in engaging external resources.  

I’ve read several publications in the EU’s Sustainability Reporting Standards, and key concepts required to achieve these disclosures.  Some points have been useful, others – not so much.  Or wrong.  I offer some perspectives to help companies prepare for more extensive Sustainability reporting and disclosure requirements, particularly as imposed by the EU and/or capital markets.   “Materiality” has always been difficult to explain, adding “double” makes it more than twice as hard.  Let’s dive in.

 

Comments to Inform Implementation of Calif. Climate Disclosure Laws

DHC is pleased to provide comments in CARB's invitation. The attached file addresses each item. The most critical comments:

Specify GHG Protocol for all parameters where applicable; ISSB S-2 where GHG Protocol does not address the topic.

Use CDP as the disclosure portal, and NOT a separate submittal to CARB. Provide guidance annually on what fields of the CDP questionnaire fulfill the Calif. disclosure requirements.

Do not specify what type of firm should perform assurance. Allow technical firms to conduct assurance. The assurance providers should indicate what standards they used in their report.

Change the reporting deadline to reflect the reality of obtaining data, resource limitations at regulated and otherwise affected entities (e.g., business partners), and convention established by other laws (Dodd-Frank Conflict Minerals) and disclosure portals (CDP).

Respectfully submitted, Douglas Hileman, FSA, CRMA, CPEA

Click to view 

Sustainability Reporting and Disclosures Introduction for Finance Students and Professionals

Douglas Hileman guest speaker at Loyola Marymount University graduate Finance class.  Introduction to Sustainability reporting standards and frameworks.  Great launch pad for the newbie, or reminder for the pro.
Download File Here



Blog Posts

March 4, 2025
Demystifying Emissions Reporting – and the California Laws
I'm pleased to share insights from my recent discussion with UtiliVisor.  Our conversation covered the rapidly evolving landscape of emissions reporting, including laws and the growing requirement for assura...
February 12, 2025
Sustainability Reporting and Sustainability Disclosures Like Grade School and Dating: Here’s How
By Douglas Hileman, FSA, CRMA, CPEA It’s Sustainability reporting season. Or is it Sustainability disclosure season? Or both? “Reporting” and “disclosure” are often used interchangeably. I suggest that bot...
December 2, 2024
LMU Graduate Finance Class – Hileman
Materials from 11/26/2024 Session Sustainability Reporting and Disclosures History and Relevance for Finance Professionals Download Here...


Videos & Podcast


Douglas Hileman regularly creates videos on various industry-related topics to help clients navigate the changing landscape. Here are recent releases. Learn more about Audit Preparedness, IPSAs, DFCM and other topics by visiting our YouTube Channel.

COSO ICSR Workshop
Doug’s Quick Bio