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ESG 

ESG Journey

Impact Business Law wants to be a part of your ESG (Environmental, Social & Governance)  journey. We will work with you to develop your ESG roadmap and implement it. This is part coaching (you are the expert), part legal consulting (we advise), and part legal services (we draft policies and other documents in specific areas).

ESG + ROADMAP

It’s a journey, not a destination.
Be visionary but make it attainable.
Keep learning.

Step 1: Pick Your Team

  • The right captain. Do you need a coach?

  • Handpick players who are passionate, can perform, willing to learn, diverse

  • Cover key positions – operations lead, specific HR/marketing personnel

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Chess Game

Step 2: Game Plan

  • ESG+ materiality assessment – material to whom, time horizon

    • Environmental scanning

    • Decision making framework – what’s in, what’s out

    • Stakeholder engagement?

  • Continuous learning – for the team and the broader firm

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Step 3: Game Time

  • Key objectives → KPIs → targets

  • Key activities re targets, supporting activities – bring in the experts (and they might be
    internal)

  • Policies, procedures, processes

  • Determine accountabilities and necessary resources

  • Internal firm education and communications

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Statistic designs

Step 4: Stats

  • What you will measure and how

  • Who you will internally report to and when

Step 5: Next Season & Beyond

  • Focused external messaging

  • Strategic alignment – brand, strategic direction

  • Annual materiality assessment and target setting → new game plans as needed

  • Continuous learning

Ocean View

There are lots of consultants in the ESG space and many different approaches. Why is a legal lens so important in the ESG journey?

  • ESG efforts may start with purpose and mission, but the success of your organization’s ESG
    initiatives comes down to policies and procedures that are implemented. A legal mindset will
    help you to create a framework for what must take place in your company and legal writing will
    help you create policies and procedures that are clear and easy to follow.

  • Following through on ESG policies and procedures often comes down to governance. A legal
    approach helps delineate the roles of boards of directors, executive, and front-line supervisors.

  • If you are serious about your ESG initiatives, the rules need to be enforced. Legal processes are
    needed to set up complaint and investigative processes in areas such as respective workplace
    and supply chain management.

ESG RESOURCES

ESG Frameworks 

  • Global Reporting Initiative GRI

  • Sustainability Accounting Standards Board SASB

  • UN Sustainable Development Goals  SDGs

  • Task Force on Climate-related Financial Disclosure  TCFD

  • World Economic Stakeholder Capitalism Metrics newest

  • B Corp Certification - https://bcorpdirectory.ca/about-certified-b-corps/
     

Industry Associations

 

Business & Human Rights Resources

Benchmarks

Global BHR Frameworks