Did you know that companies with better Environmental, Social, and Governance (ESG) performance often outperform their competitors? The secret power of ESG benchmarking lies in helping your company know exactly where it stands on its ESG goals and strategies relative to competitors, customers, and ESG leaders. Knowledge of where you stand enables you to make […]
By 2024, 92% of major buying organizations will require suppliers to disclose Environmental, Social, and Governance (ESG) information. The same recent study also revealed that ESG laggards could lose opportunities to win big contracts. With more ESG regulations on the way and a global green agenda in full swing, it won’t be long before the 92% […]
Navigating Environmental, Social, and Governance (ESG) reporting can, at times, become a frustrating labyrinth of acronyms, surveys, standards, and ratings mixed in with hundreds of ESG criteria, which constantly change. It’s incredibly challenging to know where to start with reporting frameworks and competing ESG disclosure standards. Although ESG reporting is still in its infancy, the […]
The U.S. Government is focused on driving sustainability through its procurement processes. New Federal policies have been introduced to incentivize Federal contractors to measure, manage and report on their greenhouse gas (GHG) emissions and other environmental, social, and governance (ESG) initiatives. To win more contracts and maintain their competitiveness, contract bidders must keep relevant Federal […]
The apparel industry faces as many high materiality ESG issues as any other industry – greenhouse gas (GHG) emissions, raw materials, water, biodiversity, DEI, supply chain sustainability, among other ESG topics are critical. One ESG issue that rises to prominence for apparel is emissions. Key players in the industry are collaborating and innovating to reduce […]
After a two-year wait, the U.S. Securities and Exchange Commission (SEC) has officially passed a groundbreaking climate disclosure rule that sets a clear course for business sustainability efforts and provides decision-useful climate risk disclosures to investors. The finalized rule was voted through 3-2 on Wednesday, March 6th, 2024 and will require companies listed on the […]
Last week’s inaugural IFRS Sustainability Symposium in Montreal convened stakeholders from 18+ countries representing top performing companies, ESG-focused investors, and industry advisors to discuss emerging issues related to sustainability disclosure, including the direction of the IFRS Sustainability Disclosure Standards. The event covered the following topics across various sessions: A key theme that came up is which stakeholders […]
Environmental, Social and, Governance (ESG) has become today’s business imperative. Good.Lab’s ESG 101 Guide is designed to help business leaders quickly come up to speed on the basics of ESG, understand the importance of ESG for their company, and learn how to build a world-class ESG program from the ground up. ESG Defined Once upon a […]
Environmental, social, and governance (ESG) expectations are increasing rapidly. Disclosure and reporting are more pressing than ever – 90% of S&P 500 index companies now publish sustainability reports – which will likely increase under new SEC leadership. Technology industry leaders like Google, Salesforce, Microsoft, Amazon have publicly committed to ambitious targets across a range of […]
With 2022 coming to an end, Good.Lab’s ESG team has been thinking about the trends and technologies that will shape the coming year. Accordingly, we are pleased to share our 2023 ESG predictions. We expect to see a continued focus on corporate ESG and further mainstreaming of ESG reporting standards and metrics. Below, you will […]
Mid-market companies benefit from an overarching ESG program that includes calculating their greenhouse gas emissions. It’s no longer an issue only for the world’s largest brands: investors, regulators, employees, and consumers are becoming increasingly concerned about the environmental, social, and governance (ESG) performance of mid-market companies. A particular focus is on climate impact, as greenhouse gas (GHG) emissions have […]
This week, the International Sustainability Standards Board (ISSB), the organization tasked with developing a comprehensive global baseline of sustainability disclosures for the capital markets, announced a unanimous climate decision that under its guidelines, companies will be required to use climate-related scenario analysis as part of their ESG disclosures. Last month, the ISSB confirmed that reporting on Scope 3 emissions – those […]