Sustainability and ESG tax services
As companies develop and evolve their environmental, social and governance (ESG) profiles, many quickly realize that ESG and sustainability outcomes go hand-in-hand with general business objectives or are effective avenues to those broader goals.
Whether you’re building a factory, expanding into another jurisdiction or cultivating a special workplace culture, there is probably an ESG angle to support your initiative. Tax is often a valuable tactic because of the numerous tax benefits designed to connect business growth with positive, sustainable ESG outcomes.
Our team of ESG tax professionals can help you align your ESG and growth goals. With our deep knowledge and experience in tax and sustainability, we deliver tailored ESG tax strategies to meet your unique business objectives and industry requirements. With a presence in over 120 countries, we offer global resources and local specialization to support your sustainability strategy, help you finance business growth and create long-term value for your stakeholders.
How RSM’s sustainability and ESG tax services support your goals
Environmental
Tax planning enhances environmental sustainability by leveraging credits and incentives for renewable energy, energy-efficient upgrades and sustainable practices. Your company can reduce its carbon footprint and operational costs while fostering innovation in sustainable technologies.
Strategic tax planning strengthens compliance with environmental regulations and maximizes financial benefits, reinforcing a commitment to sustainability and business growth.
Social
Tax planning supports social responsibility by optimizing employee relations and welfare resources, community engagement, ethical supply chain management and charitable contributions. Tax incentives for corporate social responsibility activities can align with your corporate objectives, including workforce diversity and local community projects.
When your company optimizes its financial resources, it can invest in safe working conditions, fair wages and employee benefits.
Governance
Tax planning is crucial for strong governance because it supports compliance with tax laws and regulations and helps manage legal risks. Transparent and ethical tax practices build trust with stakeholders, including investors, regulators and customers, and support financial stability.
Strategic tax planning enhances decision making and long-term growth, demonstrating a commitment to integrity, accountability and sustainable business practices.
Our ESG tax services
Environmental, social and governance (ESG) clean energy tax credits and incentives created by the Inflation Reduction Act of 2022 can help fund sustainability and decarbonization projects. Discover and capitalize on ESG tax credits and incentives for ESG clean energy, energy-efficient construction, decarbonization and reduction in greenhouse gas emissions and other sustainable initiatives.
Our team supports your sustainability efforts by working with you on three key steps:
- Identify tax credits, grants or other incentives for your planned sustainability initiatives.
- Align sustainability initiatives with the available tax credits, grants or other incentives.
- Factor tax incentives into your growth strategy and tactics accurately according to criteria and evolving policies.
Workforce dynamics and employee relations are intertwined with environmental, social and governance (ESG) initiatives. Learn how to align your compensation strategy with your ESG strategy to maintain your company culture and have a competitive advantage in attracting and retaining talent.
Navigate the complexities of environmental, social and governance (ESG) reporting requirements and ensure compliance with local, national and international standards, as well as compliance with the criteria for various tax credits and incentives.
Assess and mitigate ESG-related tax risks through robust governance and accountability.
Want to know where your business stands in the ESG landscape? Learn more about RSM’s ESG Rapid Assessment®.
Although the environmental, social and governance (ESG) landscape is broader than just tax, RSM’s ESG Rapid Assessment can also provide a gap analysis of your business’s current ESG profile on tax-related areas through fact-finding, research and analysis. This results in actionable advice for better addressing the optics and substance in these areas. Regardless of whether you are starting or enhancing your ESG journey to differentiate yourself in the market, this assessment will help you gain a holistic understanding of your ESG playbook.