Environment and energy partner Julian Harrell and investment management counsel Walé Oriola coauthored an article for Indiana Lawyer titled “5 Steps For Implementing Measurable ESG Strategy,” which outlines steps to provide an initial starting point for moving into practical implementation of environmental, social and governance (ESG) strategies.
The authors express that the foundational aspect of any ESG analysis is understanding the core ESG factors. They also note that it can be overwhelming to sift through the “ESG information overload,” and add that adopting a conceptual strategic approach helps cut through the noise.
Companies desiring to evolve their ESG efforts must align their mission-critical business functions with ESG objectives, Harrell and Oriola note. They explain that one way to achieve this is to merge business metrics with ESG key performance indicators (KPIs). The authors emphasize that companies should track and quantify its progress for established KPIs and practice continuous improvement at the macro and micro levels.
The full article is available for Indiana Lawyer subscribers.