Host: Michael Baxter, Co-Founder and Editor-in-Chief at Techopian
Special Guests: Dr Biswaraj Ghosh - Award Winning Senior Sustainability/ESG Consultant
Professor Kevin Haines - Head of Social Policy at Bedford Row Capital plc
Professor Petra Molthan-Hill - Professor of Sustainable Management and Education for Sustainable Development
Environmental, Social, and Governance (ESG) criteria have become a central focus for businesses, investors, and policymakers aiming to align economic activities with sustainable goals.
ESG principles offer a roadmap for evaluating a company’s impact on society and the environment, while also ensuring effective governance practices. The Sustainability Accounting Standards Board (SASB) Conceptual Framework provides a structure for integrating these criteria into financial reporting and decision-making.
Understanding ESG
ESG encompasses three main areas:
Environmental: Focuses on a company’s ecological footprint, including carbon emissions, resource management, and climate change mitigation.
Social: Covers labor practices, community engagement, and diversity initiatives.
Governance: Addresses corporate structure, transparency, ethics, and executive compensation.
These criteria help stakeholders assess risks and opportunities beyond traditional financial metrics, ensuring long-term resilience and sustainability.
The SASB Conceptual Framework
The SASB Framework emphasizes the materiality of ESG factors for 77 industries, ensuring disclosures are relevant and actionable for investors. By prioritizing issues likely to influence financial performance, SASB bridges the gap between ESG reporting and traditional financial data.
Key principles of the SASB framework include:
Industry-Specific Standards: Tailored recommendations for ESG factors most pertinent to each sector.
Financial Materiality: Focuses on aspects that significantly affect a company’s valuation and risk profile.
Transparency: Encourages clear and consistent reporting for investor confidence.
ESG’s Impact on the SASB Framework
ESG has profoundly shaped the SASB framework by:
Improving Risk Management: ESG data identifies risks such as climate impact or governance failures, which could influence financial outcomes.
Aligning Stakeholder Interests: SASB’s standards ensure ESG disclosures meet the needs of investors, regulators, and other stakeholders.
Driving Innovation: Companies are incentivized to innovate in areas like renewable energy and social equity to align with ESG goals.
By integrating ESG considerations, SASB helps businesses and investors evaluate sustainability and profitability in tandem, ensuring long-term value creation.
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Everyday your story is being told by someone. Who is telling your story? Who are you telling your story to?
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