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E.S.G. and Politics

E.S.G. and Politics

Companies across industries report on their commitment to E.S.G. as part of their mission to deliver a positive impact to society, but E.S.G. has attracted criticism in the political arena. Political conservative have taken issue with “woke capitalism,” accusing E.S.G. advocates of imposing their progressive views on businesses and society. Others argue that E.S.G. does not go far enough because it does not mandate that companies serve the public good as well as shareholder interests.

E.S.G. is not a substitute for broader societal and governmental solutions. It is, however, an effective and nonpartisan business planning and decision-making tool.

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The Scourge of Child Labor

The Scourge of Child Labor

As businesses become more complex, ESG considerations will become more important and the mitigation of risks such as child labor will become more difficult. However, by partnering with governments and local communities, engaging with stakeholder, and using technology to track and verify that their materials were not the product of child labor, businesses can begin to eradicate this scourge from their supply chains.

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NIL and ESG

NIL and ESG

As student athletes are introduced to the world of NIL (Name, Image, and Likeness) deals, Environmental, Social, and Governance (ESG) strategy is still a largely untapped resource and serves as an excellent way to maximize personal brand reputation and minimize associated risk. While the notion of ESG may not be standard in NIL discussions just yet, as students become increasingly valuable to brands and student influence begins to extend past collegiate years, recognition of the benefits of these strategies will lead to new opportunities for the usage of ESG.

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ESG: AI and Sustainability

ESG: AI and Sustainability

The article highlights the versatility of AI, explaining how recent developments allow it to go beyond simple customer service conversations and become a useful tool for investors and firms in their effort to stay efficient and modernized. While AI is commonly used to navigate large amounts of data, its applications are diverse, and different AI companies now narrow their training data in order to create more intelligent and specified machines. Upon its initial introduction to the industry, AI has the potential to make significant contributions to the sustainability of corporations, whether by automating and streamlining processes, reducing energy consumption, or reducing emissions.

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Third-Party Risk Management 

Third-Party Risk Management 

In this blog we discuss how third-party risks affect your organization, and how ESG principles can help.

In today’s business landscape, you should be concerned not only with your own reputation and brand, but the reputations of your third party suppliers. Stakeholders are demanding transparency on ESG risks throughout their entire value chain, including you and your suppliers. 

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9 Steps to Take Now to Get Ready for the CSRD

9 Steps to Take Now to Get Ready for the CSRD

The European Council is expected to adopt the EU Corporate Sustainability Reporting Directive (CSRD) this month, November 2022. The CSRD is intended “to foster sustainable and responsible corporate behaviour and to anchor human rights and environmental considerations in companies’ operations and corporate governance. The new rules will ensure that businesses address adverse impacts of their actions, including in their value chains inside and outside Europe.”

Here are nine steps your company will need to take to prepare for the CSRD.

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The Perils of Perpetual Power

The Perils of Perpetual Power

The Economist recently ran an article titled Facebook and the conglomerate curse, and it addresses the future of ESG . The article is about “Silicon Valley’s big five tech giants, Alphabet, Amazon, Apple, Meta and Microsoft.” It comments on their drop in market value this year, swollen costs, and slowing core businesses, alongside the “near-absolute control” of the companies’ founders. 

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What is ESG?

What is ESG?

ESG is a set of metrics that a company and others can use to assess how

E: environmental issues like carbon emissions, and the use and availability of clean water,
S: social issues like indentured and slave labor, and employee health and safety, and
G: governance issues like who has decision-making power within an organization

affect company performance, and in turn how its operations impact the environment and society. There is a dual utility to ESG metrics. They can be used both to look inward at a company’s performance, and outward at how the company impacts the world.

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