Creating Environmental, Social, and Governance Criteria: Transparency, Reliance, and Due Diligence

Description

ESG criteria, are a recent trend in corporate standards. General and in-house counsel need to be familiar with the criteria that investors are examining. Boards of directors are being called upon to consider how ESG impacts business strategy, operations, and oversight and how boards should approach ESG decision-making and risk oversight.

Standards organizations publish guidance for reporting ESG performance. In environmental matters, some focus on the impact on the planet and the use of sustainable resources. The social aspect of ESG is a business' contribution to society and managing relationships with customers, local communities, the public, and the government. Human capital refers to the company's human resources management. Finally, governance is the management of business decisions.

ESG issues have come further to the fore during the COVID-19 crisis, which has increased pressure on companies to communicate how they are managing employee health and safety and their supply chains during the pandemic’s shut-downs.

Listen as our authoritative panel provides best practices on creating an ESG criterion that best serves the company, the board, and investors.