The government and investment community have become increasingly focused on protecting the environment and measuring the social responsibility and corporate performance of companies. A recent proposed Environmental, Social, & Governance (ESG) regulation by the U.S. Securities and Exchange Commission (SEC), and the Biden Administration’s August 16th climate change and health care bill, have further ramped up interest among public and private corporations in an already quickly growing effort to understand and disclose carbon emissions and climate risk.
The regulatory pressure by the SEC has prompted large public companies to request emissions and other data from business partners in their value chain. In addition, investors, customers, and other stakeholders are increasingly interested in understanding if and how companies address topics such as sustainability and management of environmental risk.
In response, Roux’s ESG practice provides advisory services to corporate and institutional clients, aligning ESG into their corporate strategy as state and federal disclosure and regulatory requirements continue to evolve. These advisory services include:
- SEC corporate reporting
- Environmental data collection and management
- Calculation of scoped emissions
- Creation and implementation of environmental management systems
- Climate risk management
There are several steps companies should take to prepare for these imminent disclosure requirements. It is critical to implement data collection processes on activities that may need to be disclosed, such as energy and water use, potential contaminants and pollution liabilities, and carbon emissions. Companies will be well-served to create an environmental management system to properly understand their environmental liabilities, and to set environmental management goals and corporate policies. Roux helps companies develop management plans to chart these goals, and to best understand the shifting federal regulatory environment.
For more information about Roux’s ESG services, please fill out the form below.