“ ESG IS A VAST DISCIPLINE THAT COVERS A RANGE OF FACTORS – FROM CARBON FOOTPRINT AND BIODIVERSITY IMPACTS TO HEALTH AND SAFETY PRACTICES AND CORRUPTION ”
But , while many companies are keen to demonstrate their ESG credentials , they are hampered in doing so effectively by the availability of what analysts call investor- grade data ; to support ESG operationalisation and improvements . Investor-grade data is transparent , complete , accurate , auditable , and timely to support ESG and Sustainability disclosures and reporting .
Q4 . WITH NEW REGULATIONS AND DISCLOSURES LIKELY TO MAKE ESG REPORTING MANDATORY , HOW CAN ENERGY COMPANIES IMPROVE THEIR COMPLIANCE AND TRANSPARENCY ? ESG is a vast discipline that covers a range of factors – from carbon footprint and biodiversity impacts to health and safety practices and corruption . And with the ESG regulation and disclosures landscape rapidly evolving , ESG compliance may seem daunting . I can predict that more ESG regulations and disclosure requirements , whether mandatory , voluntary , or government-driven , will probably be announced between now and the next 36 months .
Companies need to identify all stakeholders , internal and external . They need to understand what ESG factors are ; to their operations and stakeholders ; and as ESG risks cover many parts of a company , it will be essential to enable cross-functional teams to work together on managing ESG risks . energydigital . com 17