Measuring Environmental Impact: Strategies for Building the E in ESG

Mitigating Risks, Creating Market Differentiation, Providing Competitive Advantage

A live 90-minute CLE video webinar with interactive Q&A


Tuesday, August 17, 2021

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

or call 1-800-926-7926

This CLE webinar will advise environmental attorneys on how to work with corporate counsel and other stakeholders to establish measurements and standards when addressing the environmental practices that can impact a company's performance by mitigating risk, creating market differentiation, and providing a competitive advantage while complying with ESG guidance.

Description

Over the past year, concern for the well-being of the environment has correlated directly to corporate viability. Ignoring environmental risk can directly impact long-term financial resilience by affecting access and cost of capital to corporations. Mismanagement of environmental problems can likewise impact corporations' access to talent. The link between the "E" and business value has not always been immediately clear. A core tenet of success is integrating environmental factors into a company's established risk analysis and setting targets, as well as monitoring progress against them.

Environmental counsel should work with the corporate board and counsel to consider how organizations can address a business and societal imperative without undermining their relationships with stakeholders and their ability to create value. The transition is not about eliminating risk but rather managing it, taking on new opportunities as appropriate and mitigating threats to the business.

There are many strategies to increase the value of the environmental commitment to ESG and measure outcomes. Counsel and management should consider policies that positively impact the environment and train and educate employees on the scope and aims of those policies.

To the extent possible, counsel should direct programs that minimize energy usage, utilize a supply chain from low carbon generating sources and replace current suppliers with carbon offset programs. Another strategy is to continually assess the progress of environmental strategy through target setting and data collection. Counsel has to take an active role in educating the board on sustainability and environmental risk to make decisions for the company's future.

Listen as our expert panel advises how environmental counsel can participate in directing corporate activities and provide measurable proof of compliance with the ESG directives that boards have established. The panel will discuss best practices and how policies and procedures can improve corporate governance while addressing a company's environmental legal liability.

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Outline

  1. History of ESG
  2. Matrix of environmental impact
  3. Strategies to improve the business' impact on the environment
    1. Review and install new policies
    2. Optimize operations
    3. Proactive with data
    4. Enhance education of the board
    5. Drive new business strategy
    6. Engage stakeholders and communicate

Benefits

The panel will review these and other important topics:

  • How can environmental counsel effectively work with corporate counsel and boards to establish the "E" portion of a business' ESG profile?
  • What are best practices for measuring the environmental impacts of a company and establishing a robust ESG profile?
  • What are risks to companies relating to how they evaluate and disclose ESG?

Faculty

Broome, Shannon
Shannon S. Broome

Partner; California Environmental Practice Group Leader
Hunton Andrews Kurth

Ms. Broome’s prior experience as a chemical engineer in the oil and gas industry affords her unparalleled...  |  Read More

Mulry, Laura
Laura Mulry

Attorney
White & Case

Ms. Mulry focuses on environmental and sustainability matters. She advises a broad range of domestic and international...  |  Read More

Otum, Peggy
Peggy Otum

Partner; Co-Chair, Energy, Environment and Natural Resources Practice
Wilmer Cutler Pickering Hale and Dorr

Ms. Otum focuses her practice on complex environmental litigation and regulatory compliance counseling. During her more...  |  Read More

Petzinger, Amanda
Amanda Petzinger

Associate Vice President, Product Management & Marketing
Benchmark Digital Partners

Ms. Petzinger focuses on facilitating cross-customer engagement. She also has 13+ years of expertise implementing,...  |  Read More

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You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include program handouts.

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