Whistleblowers, harassment, discrimination, and bribery cases have increased levels of corporate transparency and brought the conversation into the board room. Corporations are being asked to exercise a high degree of ethical behavior through social media making environmental, social and governance (ESG) an organizational stakeholders’ high priority.
The increased pressure from investors, employees, and regulators, has propelled ESG to a critical level and directly into the board room. EGS needs compliance to control and audit activities as part of governance, and reporting under environmental and social issues. Financial, social and regulatory pressures drive ESG initiatives, so compliance departments need to stay connected companywide for strategic outcomes.
Customers are demanding more accountability from the companies they buy from. To meet this demand and stand out from the competition, businesses are highlighting its’ contributions to social and regulatory laws. However, by doing this, the company must be compliant.
Where does compliance fit into ESG? Compliance includes, but not limited to, code of conduct, product regulations, risk management, anti-bribery, Foreign Corrupt Practices Act, and forced labor.
In this webinar Lesa Brownell will talk about the importance of compliance as it relates to ESG. Brownell will also provide industry highlights on the recent supply chain disruptions.