ESG Fraud Analytics

Your expert for questions

Bernd Reimer
Partner, Forensic Services at PwC Germany
Tel: +49 175 2937362
Email

We use data analysis to get to the bottom of ESG fraud

Data can provide invaluable insights into the background of ESG fraud and its causes. Using targeted analyses, which rely on both classic pattern recognition and complex AI-based algorithms, we support you in evaluating potential fraudulent behaviour as well as in conducting ESG Fraud Investigations. For each incident, we select the appropriate analysis procedures from our toolbox and customise them to the specific requirements, available data sources and the IT landscape. We combine internal company data with publicly available information to facilitate a comprehensive analysis.

Four steps for effective ESG fraud data analytics

Step 1: Examine the IT landscape and select internal data sources

All IT systems used within an organization can potentially be relevant for an ESG Fraud analysis. In the first step, we work with you to select the specific data sources that are to be used for the planned analysis. In particular, information from internal (ESG) risk management and scoring tools is ideally suited for this purpose as well as information obtained from systems related to accounting and business partner management (e.g., ERP systems, compliance risk management systems).

Step 2: Merge and harmonise internal and external data sources

Apart from the identified internal data sources, we also use publicly available information such as media reports and sanctions lists, as well as PwC ESG benchmarks and ESG fraud patterns as the basis for our analyses.

Our PwC data extraction and data processing tools allow for an efficient data acquisition and data processing, even of large and complex data volumes, which facilitates a successful data analysis process.

Step 3: Determine the type of data analyses

Depending on the needs and available datasets, we compile an analysis program from our extensive toolbox based on our experience in (ESG) fraud analyses. We then execute the selected analysis program using the previously harmonised database.

Step 4: Create reports and visualise results

We present the obtained analysis results, together with the harmonised data sets, in interactive dashboards. This allows transparent, direct, and detailed communication of KPIs and analysis results to all stakeholders.