ESG Experts Say Corporate GHG Emissions, Environmental Impact Priority for Disclosure Framework Valdosta Daily TimesESG Experts Say Corporate GHG Emissions, Environmental Impact Priority for Disclosure Framework Valdosta Daily TimesESG Experts Say Corporate GHG Emissions, Environmental Impact Priority for Disclosure Framework Valdosta Daily Times
Impact Investing Forum 2024
London. April 24-25, 2023.
CINCINNATI–(BUSINESS WIRE)–Dec 14, 2021–Benchmark Digital (Benchmark), a leading provider of cloud-based Environmental, Social and Governance (ESG) software solutions, last week convened its second ESG Executive Collaboration Forum, where ESG professionals discussed how investment-grade data regarding corporate climate-alignment and environmental stewardship are increasingly important for ESG disclosures. The speakers also discussed best practices in generating and disclosing data that is consistent with multiple voluntary disclosure frameworks. These frameworks are increasingly used by climate-focused ESG lenders and investors to guide their investment decisions. Mary Foley, Expert Service Strategy Director at Enhesa, a provider of EHS compliance management solutions, stated that sustainability in general and climate are the defining issues. The momentum is evident in the formation of the International Sustainability Standards Board at COP26. This is part of a global effort to ensure that sustainability and financial accounting requirements are compatible. The intention of the ISSB is to deliver a comprehensive ‘global baseline’ of sustainability-related disclosure standards; the idea is then that this will be implemented or topped up by specific jurisdictions and then mandated as they see fit for their particular markets. This is the essence of the whole idea behind having standardized, auditable, taggable, and regulated [sustainability] information. It’s all about data. It’s all about the metrics.
The second Benchmark Digital ESG Executive collaboration Forum featured Harry Etra, CEO, Founder and CEO of ESG program management consulting company HXE Partners; Allie Wiegel (Senior Project Manager at global EHS/ sustainability consulting firm Antea Group); and Tom Keefe (Vice President of EHS Operations at global supply company Global Partners LP). Panelists shared their insights on the ESG priorities and lending institutions. The speakers also discussed best practices for companies, from startups to large listed corporations, to manage corporate emissions abatement programs as well as reporting in line with investor expectations and other standards. These topics will be discussed in future sessions of Benchmark’s ESG Executive Collaboration Forum. Additionally, posts within the Benchmark-moderated ESG Executive Collaboration Forum LinkedIn Group will be available for interested parties. Institutional investors are addressing ESG holistically. Etra stated that institutional investors are putting more emphasis on the environmental pillar and are receiving shareholder proposals about climate risk. Etra said that companies are being asked how they prepare for possible regulatory requirements. This is not only on the disclosure side but also on the local mandate side. We will continue to see climate risks as investment risks, and capital dollars allocated to strategies that include ESG–both the equity and debt sides. Wiegel explained that there are best practices for measuring and reporting performance against climate and environment-related ESG issues. He said that it is important to “really listen” to what data points, disclosure frameworks, and [ESG] questionnaires stakeholders are looking for when designing an ESG program. Wiegel said that you should begin by assessing your greenhouse gas emissions. This is the starting point of your decarbonization journey. It will provide marginal abatement cost estimates, which can be used as a guideline when choosing appropriate carbon reduction strategies for your organization. You can access the recording of the comments and presentations from Benchmark Digital’s second ESG Executive Collaboration Forum. Register for the February 2, 2022 session to learn more and suggest future topics. Visit the ESG Executive Collaboration Forum registration page. Benchmark ESG (TM) is the next generation of Gensuite(R) and enables companies implement robust cross-functional Environmental, Governance, and Governance (ESG), solutions locally, globally, and across multiple operating profiles. Our cloud-based software suite offers intuitive, best-practice functionality, flexible configurations, and powerful extensions. We have been helping companies worldwide manage safe and sustainable operations for over 20 years. Our focus is on quick return on investment (ROI), continuous innovation, and service excellence. Join more than 1,500,000 customers who trust Benchmark ESG(TM). They provide software solutions for operational risk, compliance, EHS and sustainability, product stewardship, responsible sourcing, and product stewardship.
View source version on businesswire.com:https://www.businesswire.com/news/home/20211214005285/en/CONTACT: Caroline Kingcaroline.firstname.lastname@example.orgKEYWORD: UNITED STATES NORTH AMERICA OHIOINDUSTRY KEYWORD: SOFTWARE TECHNOLOGY DATA MANAGEMENTSOURCE: Benchmark DigitalCopyright Business Wire 2021.PUB: 12/14/2021 08:01 AM/DISC: 12/14/2021 08:02 AMhttp://www.businesswire.com/news/home/20211214005285/en
ESG Experts Say Corporate GHG Emissions, Environmental Impact Priority for Disclosure Framework Valdosta Daily Times