In our ESG Field Manual series, thinkPARALLAX provides companies early on their sustainability journey with a how-to guide for advancing environmental, social, and governance (ESG) strategy and storytelling.
Part one of The ESG Field Manual: From scratch to strategy covered foundational knowledge of ESG and the three steps for forming a strategy. Now, we’ll build on the foundation by exploring key steps to take your organization from strategy to action.
This manual will explain how to operationalize goals, formalize policies, optimize data collection, and report on ESG initiatives.
Here’s what’s inside this installment of the ESG Field Manual:
Step 1: Turning plans into action
Operationalize and formalize ESG goals, policies, and governance aligned with material issues and best-practice ESG topics like diversity, equity and inclusion, data and cyber security, and supplier code of conduct.
Step 2: Track goals and progress — ESG data and metrics
Determine key metrics and data to gather that will be used for external reporting. You will want to consider U.S. and international regulation, stakeholder expectations, ESG reporting frameworks and standards, and more.
Step 3: Report on your progress
Select a reporting framework and best practices for reporting on environmental, social, and governance topics.