Spotlight ESG

Corporate Social Responsibility and Sustainability has merged and expanded into a more comprehensive domain known as Environment, Social, and Governance (“ESG”). What exactly is ESG and why is it a topic for discussion at most Compliance conferences and Board meetings? The answer depends on the industry, regulations, and mission and strategic objectives of an organization. When the answer to that question is determined, an organization can then consider mapping the functions, responsibilities, staffing, and budget necessary to comply with its ESG mandate. Sometimes it’s difficult to know where to begin the mapping process. In that case, if your ESG program is new, then an examination of resources and tools that are relevant to managing ESG risks related to a particular sector may be the starting point; however, if it’s mid-stage and requires a review, then a targeted risk assessment or compliance evaluation is helpful to identify gaps and create an action plan. Read more to view resources that may assist in generating ideas or figuring out the next step for building your ESG program.