Documenting Corporate Sustainability and ESG Governance for a Fortune 100 Company
ScottMadden frequently helps organizations define and improve their ESG strategies and commitments. Contact us to learn how we can help support your sustainability and corporate responsibility projects.
At a Glance
Current State
Provided a detailed assessment of ESG and evidence of existing controls
Gap Assessment
Highlighted gaps, overlapping responsibilities, and needless complexity that the company was able to address
ESG White Paper
Published the analysis in an ESG white paper presented to the head of corporate strategy, the executive committee, and the board of directors
Challenge
The board of directors of a Fortune 100 company wanted to better understand the governance and controls around its Environmental, Social, and Governance (ESG) commitments. This desire for increased standardization was driven by pending SEC rulemaking on ESG disclosures, increased demand for ESG data from investors and creditors, and the company’s own public commitments in areas such as decarbonization. ScottMadden was engaged to assist the company’s director of corporate sustainability with ESG governance documentation, mapping all ESG-related policies, programs, and processes across the company, and identifying opportunities for improvement.
Process
- Worked with the corporate sustainability organization to define and document the current state of ESG governance across the company
- Aligned effort to the high-priority focus areas identified by the company’s annual ESG materiality assessment
- Defined the aspects of ESG governance maturity to document for each focus area — board oversight, executive ownership, existing policies and programs, performance metrics, performance assurance processes, and current disclosures
- Built upon existing documentation by interviewing key stakeholders, defining important processes, identifying material focus areas, and developing strategies for reporting performance to both internal and external audiences
Result
- Published the analysis in an ESG white paper presented to the head of corporate strategy, the executive committee, and the board of directors
- Delivered comprehensive ESG governance documentation of current-state controls, policies, and accountability across material focus areas
- Highlighted gaps, overlapping responsibilities, and needless complexity that the company was able to address
- Illustrated to the company that the priority focus areas were at different stages of ESG governance maturity
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