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Privacy and Data Protection
Our digital risk team is made up of a combination of subject matter experts and technical specialists who can help your business comply with the GDPR.
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Governance, Risk and Compliance (GRC)
While business goals and strategies evolve, our services support you wherever you are in your business cycle. The digital economy is simultaneously increasing the magnitude of new business opportunities while increasing the difficulty of getting it right.
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ISO 27001 and ISO 27701
Grant Thornton’s ISO 27001 and ISO 27701 specialists will arrange and oversee the formal audit process.
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SOC 1,2,3
As a service organization there are many ways to provide assurance to your customers and in turn other stakeholders over your control environment. One of the most effective and cost-efficient ways is to issue a Service Organization Control (SOC) Report.
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Incident Response
Grant Thornton’s Cyber Incident Response Team can support your business in the event of a cyberattack or data loss event. We work alongside your existing IT and Legal teams to provide a co-ordinated, timely and efficient investigation and remediation.
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Hacking Services
At Grant Thornton, our cyber security experts can develop a bespoke penetration testing plan to meet your business needs and unique IT environment. We can undertake the full suite of testing or conduct individual assessments, as required.
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Cyber Health Check
Approximately 54% of organizations report that they have experienced at least one cyber-attack during the past year. Grant Thornton’s cyber health check provides you with an objective, jargon-free assessment of your current cyber security, drawing on both qualitative and quantitative elements.
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Dark Web Threat Intelligence
We use a variety of dark and deep web monitoring tools that continuously scans illegal sites to discover any mention of your data, ranging from breached security credentials such as usernames and passwords to leaked confidential documents of your company.
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Digital forensics and electronic discovery
We offer a full suite of digital forensics and data acquisition services in investigations related to cybercrime, disputes, fraud and regulatory investigations.
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Insolvency
If you're facing a time of personal or corporate financial crisis you need advice from someone who listens, who understands your specific issues and deals with them in a supportive and sensitive manner.
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Crisis stabilisation and turnaround
In periods of financial distress, management teams often face considerable challenges, with many directors having little or no experience of similar conditions.
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Operational and financial restructuring
Companies challenged by underperformance often need support in identifying options for financial or operational restructuring. Tapping this type of advice helps them create a stable platform for business turnaround.
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Accelerated M & A
Even fundamentally sound businesses run into difficulties. Cash flow can come under pressure from the loss of a big client, or a dip in performance can threaten a breach of banking covenants if there is insufficient headroom.
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Indirect Tax
Our experienced VAT specialists are available to assist companies and entrepreneurs of all industries and sizes in meeting their obligations.
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Direct Tax
We can help you ensure a bespoke balance between tax compliance and effective tax planning for your special circumstances.
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Life at Grant Thornton
At Grant Thornton Cyprus, we are taking a holistic approach and reimagining the way we work, continually assessing it and making necessary changes to better support our people.
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In the community
Unlocking the potential for growth in our local communities.
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Diversity and inclusion
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
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Global talent mobility
One of the biggest attractions of a career with Grant Thornton Cyprus is the opportunity to work on cross-border projects all over the world.
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Learning and development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day.
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Our values
We are a values-driven organisation and we have more than 56,000 people in over 140 countries who are passionately committed to these values.
Human caused climate change has warmed the earth by 1.2C by 2021. It is clear that most extreme weather incidents are a result of climate change caused by manmade green-house gas (GHG) emissions. The only way of mitigating and stabilizing these conditions is to minimise and eventually eliminate in terms of net value our impact in terms of GHG emissions.
Since humanity struggles to cope with inflation, the energy crisis and the rises of cost of living, it is rather an imaginary scenario to say that GHG emissions will stop from day one. In fact, the energy crisis and the shortages of gas, leads to revamping rather that eliminate dirtier fuels like coal in many countries. This is where the net zero approach comes in play and gives a new perspective to the effort to stop the temperature rise. Since some operations either directly or indirectly will produce and emit GHGs the goal is to find a way to remove them from the atmosphere. This can be achieved by using carbon sinks, which can take the form of plants photosynthesizing, or of industrial plants capturing carbon from the atmosphere and either using it in their production line or storing it in deep geological formations.
According to the International Energy Agency (IEA) up to date there are 15 direct air capture plants operating worldwide, capturing more than 9,000 tonnes of CO2 per year. By taking under consideration the continuous rise of the CO2 emissions (by 6% in 2021 worldwide) and the huge amount om CO2 emitted (36.3 billion tonnes, their highest level ever) it is clear that big investments in air capture plants are needed. According to the Center for Climate and Energy Solutions, Carbon capture, use, and storage (CCUS) technologies can capture more than 90 percent of carbon dioxide (CO2) emissions from power plants and industrial facilities.
Policy makers should ask themselves if the CCUS is an option, or a necessity. The UK climate change committee stands by the latter while the IEA echoes that by saying that is virtually impossible to reach net-zero without the CCUS.
Many governments are relying on the CCUS to lower their GHG emissions and eventually get to net zero. However, this cannot be achieved if they rely only on this type of technology without applying additional measures, in the form of strategies, plans and even regulations.
IEEFA says that although the CCUS is a 50-year-old technology, its results and efficiency vary. A report authored by the Institute for Energy Economics and Financial Analysis (IEEFA), states that 55% of the international capacity of CCUS plants underperforms or fails to operate as promised. Most projects have used captured gas as a medium pumped in oil fields to “push” out the last remaining drops of oil. According to the report, this method accounts for 73% of the carbon captured and stored worldwide. The outcome from this type of CCUS can be described as unsustainable and someone could even classify it as greenwashing.
According to an interview of the Policy and Communications Director of the Grantham Research Institute on climate change at the London School of Economics, the question is, if the fossil fuel companies can help us get to net zero then why wouldn’t we want them to do that? If we want to get to net zero by 2050, we have to throw every technology at this problem. People who argue that you can start ruling our technologies because you don’t like them are those who haven’t understood the actual scale of the challenge we face.
On the other hand, a report by the Centre for International Environmental Law (CIEL) says that CCUS will not address the problem of climate crisis or meaningfully reduce GHG emissions, and on the contrary, focusing on those will distract from real climate solutions.
According to the report, they state that CCUS technologies are not only unnecessary for reaching the goal of limiting warming under 1.5C, but they will actually delay that, by allowing the fossil fuel companies with a license to continue polluting.
Finally, these observations demonstrate the two sides of the coin. Is CCUS technology a real solution, or is it a beautiful idea which that masks its core defects and eventually act as a threat to achieving the goals set by the Paris Agreement? Policy makers will have to consider the above and set out transparent rules and strategies to define the milestones towards the carbon neutrality target by 2050.