ESG
ENVIRONMENTAL, SOCIAL & GOVERNANCE
Investors rely on ESG metrics to assess financial risks, demanding strategies to tackle climate change while recognizing that inclusive, positive workplaces drive better performance.
BuildIT, in collaboration with Expansive Insights, has created an ESG program that uses industry standards, best practices and regulations to help companies formalize, facilitate and document ESG goals and implement strategies to build and sustain your ESG Program.
Each company’s journey to becoming environmentally sustainable and socially responsible will be unique, but it’s more critical than ever to start now and get it right.
We invite you to learn more about this program and how our Global Brand BuildIT can add value to your organization, business and initiative!
BUILDING AN ESG PROGRAM
WHAT IS THE CURRENT STATE?
Understand the ESC practices at your firm. Establish the timelines and requirements, considering what is already established.
WHAT PRACTICES ARE IN PLACE?
Understand industry standards, best practices and regulations.
WHAT IS THE GOAL?
Formalize, facilitate and document the goal of your ESG program.
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Note: there is no "end state" for ESG so realize this goal will evolve.
CLOSE THE GAP
Implement changes and build and sustain your ESG program.
IMPLEMENTING AN ESG PROGRAM
PHASE 1
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INITIAL ASSESSMENT
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ADOPT STANDARDS
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GATHER METRICS
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UNDERSTAND REGULATIONS
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SELECT FRAMEWORKS
PHASE 2
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CURRENT STATE ANALYSIS
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STANDARDS FOR POLICIES AND PROCEDURES
PHASE 3
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PERFORM AN INTERNAL ESG AUDIT
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COMPILE RECOMMENDATIONS FOR INCORPORATING ESG BEST PRACTICES INTO CURRENT POLICIES AND PROCEDURES
PHASE 4
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IMPLEMENT RECOMMENDATIONS
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ESTABLISH KPIs
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DEVELOP SUPPORT STRUCTURE
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UPDATE STANDARDS AND PROCEDURES
PHASE 5
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ESTABLISH A SUSTAINABLE ESG PROGRAM WITH A SUPPORT TEAM
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MONITOR KPIs
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ESTABLISH CADENCE FOR ESG REPORTING
REPORTING COMPONENTS
ENVIRONMENTAL
COMPONENTS
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Carbon Offsetting
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Scope I, Scope II, Scope III and Scope IV
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Carbon Accounting Methodologies
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Audits
SOCIAL
COMPONENTS
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Supplier Diversity Goals
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Unconscious and conscious biases
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Recruiting Practices
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Diversity Studies (surveys, self reporting metrics, etc.)
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Workforce Diversity Statistics
GOVERNANCE
COMPONENTS
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Shareholder Activism
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Anti-Corruption
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Board Diversity
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Leadership Diversity
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Ethical Standards