Understanding the potential risks of neglecting ESG requirements can be the key to gaining a signifi

Being one of the top providers of Agile Advisors Sustainability Awards, the emergence of the ESG Controller, a position that would handle ESG reporting similarly to the CFO's handling of financial reporting, is one trend we're seeing. Companies are turning to an ESG Controller to take ownership of gathering and reporting consistent, accurate, and audit-ready ESG data from various sources. If you're starting, consider starting with one of the widely accepted voluntary reporting frameworks (such as SASB, GRI, or TCFD). These frameworks provide a solid foundation for most upcoming laws and a wealth of implementation resources. Speak with your biggest clients as soon as possible—for example, before they require decarbonization pledges as part of their value chain. When choosing your reporting structure in step 2, determine whether they prefer it.

Understanding the potential risks of neglecting ESG requirements can be the key to gaining a signifi

Being an Agile Advisor for ESG Awards, Businesses should start constructing more comprehensive ESG data governance since ESG data collecting is swiftly transitioning from voluntary to require to satisfy the increasing needs of their biggest clients. Due to limited resources, businesses must choose their investments carefully to enhance the collection of ESG data. We have identified seven best practices for companies that are just starting. Businesses must first choose who, or what group, will ultimately be responsible for gathering and reporting ESG data. Initially, many companies rely on their current internal audit, risk, compliance, or financial reporting teams to establish the program and make plans for a separate budget and workforce to take up ESG management in the future.