How ESG Management Is Changing the Role of EHS Practitioners

EHS responsibilities are growing to include ESG, which means your EHS professionals need ESG training now. 

Countries around the world have been backing up their sustainability commitments by establishing policies and regulations surrounding ESG disclosure requirements. New Zealand was the first out of the gate to do so, but many countries have since followed suit, and now tales of enforcement are starting to garner headlines.  

This past May, the United States Securities and Exchange Commission (SEC) initiated its first ESG-related enforcement action against a public mining company related to misstating and omitting information about ESG investment considerations. At the basis of the allegations is that the company manipulated dam safety audits and documents in their ESG disclosure reporting, which ultimately misled stakeholders, including local governments, communities and investors, about the safety of the dam. The SEC also communicated that it would continue to investigate greenwashing and issue fines as … Read more...

What is the Critical Data for ESG Management and Reporting? 

With ESG reporting becoming a mandatory component of ESG management, you need to collect and analyze lots of data from across your organization. It can be hard to know where to start, but Intelex's ESG reporting software can help you figure it out.
With ESG reporting becoming a mandatory component of ESG management, you need to collect and analyze lots of data from across your organization. It can be hard to know where to start, but Intelex’s ESG reporting software can help you figure it out.

Environmental, social and corporate governance (ESG) is an approach that allows organizations to measure their contributions to sustainability and ethical practices in a way that provides transparency to the market, financial benefits to the organization and benchmarking for industry. It is a response to increasing calls around the world for organizations to play a more significant role in creating a sustainable future while maintaining ethical behavior and contributing to the communities in which they operate.  

ESG is an implementation of the aspirations of the United Nations’ 2030 Agenda for Sustainable Development, which contains 17 sustainable development goals (SDGs) according to the following categories, as shown in Table … Read more...

It’s Not All Bad News: How ESG Management Is Meeting the Challenge of Climate Change

Why Your ESG Management Program is a Good-News Story
Many organizations are innovating to become more sustainable. From leading brands to small businesses, everyone can make a contribution to building a better world.

In the fight against climate change, the news reports can be dire reading. This summer alone, an unprecedented heat wave in China is impacting the global supply chain, creating hydropower shortages and providing conditions for devastating fires. The American south is grappling with weather that shifts radically between drought and severe flooding. In the UK and Europe, a brutal heatwave has killed hundreds and caused significant property damage as a result of rural fires. 

It would be easy to say that this is simply fearmongering by the media, but regular reports from climate science support the thesis that man-made climate change is having a significant impact on severe weather events. No matter where we look, the news about climate change seems all bad. 

However, the truth … Read more...

How ESG Technology Supports Innovation 

Much of the ground-breaking innovation in ESG technology is taking place in the energy sector.

From a certain perspective, the global market appears grim. Take, for example, the following: 

  • Experts predict that while supply chain pressures will ease by 2023, the recovery won’t reach pre-pandemic levels any time soon. 
  • Climate scientists believe that Earth’s climate could develop into a chaotic system that experiences rapid fluctuations of severe weather. 
  • By 2050, 87 percent of Americans will live in cities, which will put significant strain on infrastructure and resource consumption.  

Our perspective of risk has been radically altered by events like the COVID-19 pandemic and the rapidly escalating threats caused by the climate crisis. At one time, we though of risk as something we could anticipate and manage. Today, however, we know that not only can cataclysmic disruption occur overnight, but threats from climate change can extend decades into the future and … Read more...

Intelex Research Reveals the Current State of ESG Adoption and Progress in Europe

Investing in companies that have embraced environmental, social and governance (ESG) standards is booming. Research shows the number of global ESG funds grew to 5,932 as of December 2021, up from 4,153 at the end of 2020 and represents investments valued at more than $2.7 trillion. 

Today’s socially conscious and forward-thinking organizations might want to catch this fast-moving ESG train, and would be wise to explore how environment, health and safety (EHS) and ESG can together drive better business results.   

It’s timely then that the current state of EHS and ESG adoption across Europe should be assessed to better understand how European businesses are progressing. Intelex’s European team undertook a survey of more than 700 EHS and ESG professionals from 10 European countries with respondents representing a wide range of industries – from energy and industrial manufacturing to construction and chemicals. The intent of the research was to better understand how … Read more...

Understanding the Impact of AI on ESG

As ESG frameworks begin to move from voluntary to mandatory, the data required to meet these obligations will increase. Artificial Intelligence (AI) solutions will have to replace traditional approaches to managing information if organizations want to remain compliant.
As ESG frameworks begin to move from voluntary to mandatory, the data required to meet these obligations will increase. Artificial Intelligence (AI) solutions will have to replace traditional approaches to managing information if organizations want to remain compliant.

Over the last few years, the world has started to look like a very different place. A global pandemic, international political instability, a drastic increase in climate-related disasters and greater calls for an end to social inequalities are changing the way we look at the world and the way we interact with our stakeholders. As just one example, according to the World Meteorological Association, there have been 11,000 reported weather-related disasters resulting in more than 2 million deaths and USD $3.64 trillion in damage since 1970. With many environmental researchers predicting that this is likely to worsen in the decades ahead, it becomes clear that we are living in a time … Read more...

How the War in Ukraine Is Impacting ESG and Supply Chain

Business resiliency and crisis management are more critical than ever, and supply chains that can adapt quickly to global disruption by developing diverse supplier relationships should become the norm and not the exception.

Russian’s invasion of Ukraine on February 24, 2022 marked a radical shift in global geopolitics. Almost two years after the COVID-19 pandemic caused unprecedented global disruption, the rapid changes across Eastern Europe has further demonstrated that the world as it existed in 2019 is over.

As Blackrock’s Larry Fink has pointed out, the era of globalization that we’ve come to consider the natural order of things over the last 30 years is over. Only time will tell what the implications of these events will be. In the meantime, organizations will have to come to terms with new ways of working in a world in which cataclysmic disruptions can happen in a day and change the global landscape … Read more...

The Future of ESG Readiness: How To Use Technology for Strategy and Goal Setting Beyond Compliance 

The recent SEC proposal for climate-related disclosures proves that not only is ESG here to stay, but that regulatory disclosures are going to become a lot more complex and strategic.

Not long ago, the way businesses interacted with the market was based on simple supply and demand: businesses offered goods and services, customers bought them and the system worked more-or-less as designed. Considerations of environmental impact, social justice and principled governance were important, but because they weren’t standardized or enforced according to any universal benchmarks, they often existed in the more erudite realm of ethics or Corporate Social Responsibility (CSR), and environment, society and corporate (ESG) compliance seemed far away from reality.

Jump ahead a few years to the present day and you’ll see that considerations regarding ESG have changed, and so have the ways we think about risk, stakeholder engagement and materiality. ESG has given consumers and investors the … Read more...

Proposed Climate-Related Rules from the SEC: What Do They Mean For You? 

The SEC’s proposed rules on climate-related disclosures are an important step in the fight against climate change. They also promise big obligations for your business. Are you ready?

The Securities and Exchange Commission (SEC) has released its proposed rule changes for climate-related disclosures. These proposals represent a strong commitment to the principles of ESG on the part of the government and the business community. If enacted, they also promise more rigorous environmental reporting obligations for many organizations.

According to The Enhancement and Standardization of Climate-Related Disclosures for Investors, a 509-page document, disclosure “would require information about a registrant’s climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks would also include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to assess a registrant’s exposure to such risks. In … Read more...

How AI Helps Connect ESG With Your EHS Systems

As public awareness rises around such issues as the environment, human rights and ethical corporate governance, companies are increasingly looking to communicate their progress on these fronts to investors, prospective customers, regulators and the general public.

Collectively known as Environmental, Social and Governance (ESG), these non-financial factors have become a key focus of reporting for organizations, which realize that it is no longer simply about the bottom line. Investment decisions are increasingly based on how much an organization is doing to create a safe, sustainable and just world. What’s more, regulatory bodies are now requiring such reporting by law.

As such, getting their reporting right on ESG is crucial for companies that want to win new business and satisfy today’s socially conscious investors.

Enter Artificial Intelligence

A key component of a firm’s overall ESG performance is their record on Environmental, Health and Safety (EHS) achievements. Are they doing enough to … Read more...