ESG COMPLIANCE
ESG (Environmental, Social and Governance) has become an increasingly pivotal area of consideration for organizations in recent years. Almost all large companies are expected to meet reporting and audit requirements by investors, boards of directors, and increasingly by governments. The goal of managing ESG initiatives is for public companies to ensure their long-term sustainability. Accordingly, ESG topics can include:
- Climate change and sustainability (E)- Social justice, pay equity, and worker protections (S)- Good governance, anti-bribery and corruption, and diversity – both in the workforce and at the Board of Directors level (G)
Management of ESG goes hand-in-hand with risk and compliance. Proper oversight of ESG requires expertise in third-party risk management and compliance with associated regulations. Companies’ ESG responsibilities and management of third-party risk heavily intersect due to the complexity of modern-day supply chains.
- Climate change and sustainability (E)- Social justice, pay equity, and worker protections (S)- Good governance, anti-bribery and corruption, and diversity – both in the workforce and at the Board of Directors level (G)
Management of ESG goes hand-in-hand with risk and compliance. Proper oversight of ESG requires expertise in third-party risk management and compliance with associated regulations. Companies’ ESG responsibilities and management of third-party risk heavily intersect due to the complexity of modern-day supply chains.
CIRCULAR ECONOMY
A Circular Economy is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products for as long as possible.
CARBON OFFSETS
Carbon Offsets occur when a polluting company buys a carbon credit to make up for the greenhouse gas it has emitted. The money should be used to fund action somewhere in the world that remove the same amount of carbon out of the air, or to prevent carbon emissions.
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