PeopleX: ESG — What Matters Now?

https://www.istockphoto.com/photo/hand-of-human-holding-esg-icon-for-environment-society-and-governance-on-network-gm1391206355-447903212

The Fundamentals of ESG

ESG grew out of investment philosophies clustered around sustainability and, thereafter, socially responsible investing. Early efforts focused on “screening out” (that is, excluding) companies from portfolios largely due to environmental, social or governance concerns, while more recently ESG has favourably distinguished companies that are making positive contributions to the elements of ESG, premised on treating environmental and social issues as core elements of strategic positioning. While climate figures prominently in ESG discussions, there is no single list of ESG goals or examples, and ESG concepts often overlap. That being said, the three categories of ESG are increasingly integrated into investment analysis, processes and decision-making.

  • The “E” captures energy efficiencies, carbon footprints, greenhouse gas emissions, deforestation, biodiversity, climate change and pollution mitigation, waste management and water usage.
  • The “S” covers labour standards, wages and benefits, workplace and board diversity, racial justice, pay equity, human rights, talent management, community relations, privacy and data protection, health and safety, supply-chain management and other human capital and social justice issues.
  • The “G” covers the governing of the “E” and the “S” categories — corporate board composition and structure, strategic sustainability oversight and compliance, executive compensation, political contributions and lobbying, and bribery and corruption.
  1. Respect for the planet and a dignified way to use, regard and restore natural assets and systems.
  2. Respect in how we treat and care about our fellow humans; be they in our employ, value chain, supply, consumers and communities in recognition of the dignity they deserve and we afford to them.
  3. Respect and dignity in our decisions that are within the law, ethical operations and moral concerns we are allied to.
  1. 13% of yearly deaths in people in the EU are attributable to pollution. This WEF report here confirms that.
  2. We may only have 60 harvests left on the planet with the state of topsoil. It takes 1000 years to create 3 inches of fertile topsoil. One report here confirms this.
  3. By 2030 only 10% of our Forests will remain. See here
  4. CO2 emissions are still on the incline with only a brief decline since 1940 because of the pandemic in 2020. See here
  5. Between 1970 and 2016, animal species loss is put at 68%. WWF report here confirms this
Photo by Christina @ wocintechchat.com on Unsplash
  1. Minutes of the last meeting
  2. Budget and Operational update
  3. Customer research and trends
  4. Executive remuneration and report to Non-Execs/Investors/Shareholders
  5. ESG update
  6. Any other business
  7. Date of next meeting.
https://www.thebritishacademy.ac.uk/publications/future-of-the-corporation-principles-for-purposeful-business/
  1. The People & Culture/CHRO/HR Director is an obvious choice. With the S and G being in people and their well-being, development and fair reward. The legalities and ethics of employment and representation.
  2. Supply and Partnerships Practice Lead is another. Who do we choose to work with in delivering our services/making our products? And how do we treat them and how are they in their green agenda, ethical footprint and fairness with people?
  3. People with lived experiences of difference. Employee Representative Groups are obvious candidates. The social justice, mobility and access of opportunity agenda. Fair and equitable treatment, gender and race pay gaps, disability, age and carer-friendly working terms that reflect people’s needs and commitments in balance with their gainful employment.
  4. Colleague Activists. Our own people who care deeply and research, campaign and support initiatives that bring more balanced ways of being and living to the world.
  5. Commissioned experts, advocates and external perspectives to inform, enable and support the work of the ESG Board and the overall mission.
  1. Minutes of the last meeting and ESG commitments and actions.
  2. Environmental — report and instructions from the ESG board.
  3. Social — representation and commission from the ESG board.
  4. Governance — update and actions from the ESG Board.
  5. Prosperity Measures — Financial and Performance Review to report to ESG.
  6. Customer research and trends to reflect on and report to ESG.
  7. Exec Remuneration in line with ESG recommendations.
  8. Any other business
  9. Date of next meeting in line with ESG schedule.
From the Working Futures Conference Keynote <Perry Timms, PTHR> 16 and 17 May 2022
https://www.bcorporation.net/en-us/movement

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Perry Timms

Perry Timms

CEO PTHR |2x TEDx speaker | Author: Transformational HR + The Energized Workplace | HR Most Influential Thinker 2017–2021 | Soulboy + Northampton Town fan