Environmental, Social & Governance Briefs

What if companies were able to communicate—in clear financial terms—the total value they create for society? While still very much in a nascent stage, such attempts at total impact valuation are being piloted by more than a dozen major companies across an array of sectors and geographies. A new report finds significant promise in these approaches, but a range of challenges remain to be tackled. Above all, standards for definitions and methodologies are needed to facilitate meaningful comparison.

China’s new Environmental Protection Tax Law (EPT Law) came into effect on January 1. It replaces the old Pollutant Discharge Fees System. Taxation could increase, as more headroom for localities allows to set higher tax rates. Some leveling of the playing field is possible, as non-compliance and tax evasion are addressed. Supply chain costs may be impacted.

Increasing recognition of the impact of environmental, social and governance (ESG) risks and opportunities on portfolio value is driving institutional investors engagement with companies on ESG.

Earlier this year, The Conference Board and Mission Measurement announced a new partnership to benchmark social outcomes data. Using Mission Measurement’s Impact Genome Project® (IGP), the two organizations will collect and analyze data on the social outcomes of corporations’ charitable contributions. Companies are now invited to participate in the IGP and to share their impact measurement data.

Last winter’s air pollution control plan in the larger Beijing area was unprecedented both in scale and intensity. The action plan was part of a much broader, central government-led effort to tackle China’s pervasive air pollution problem and significantly ramp up environmental protection efforts in general. It is highly unlikely at this point that the government will backtrack on this issue, given the long-term economic and political ramifications of doing so.

Science Based Targets (SBTs) for greenhouse gas (GHG) reduction are increasingly being discussed, however what they entail in detail is often not well understood.In contrast to a simple incremental approach, targets are considered ‘science-based’, if they aim at carbon reduction in accordance with the internationally agreed global climate change targets. In this blog, we want to give a very brief overview of the approach and its application.

As part of staying up to date on corporate social responsibility and nonprofit program management best practices, we sat down for a chat with Jason Saul, Founder and CEO of Mission Measurement, and Alex Parkinson, Senior Researcher and Director of the Society for New Communications Research of The Conference Board (SNCR). Here’s what we learned about why it’s important to measure impact, what donors expect, current trends—and common mistakes.

Employees who serve on nonprofit boards play a vital role in helping to achieve the U.N. Sustainable Development Goals (SDGs). Yet, many companies do not include nonprofit board service in reports of volunteering for the U.N. Sustainable Development Goals (SDGs). Companies need to recognize the valuable participation by their employees in advancing nonprofits and the SDGs through board service.