Blog-What is ESG?
Many companies have begun to implement new safety and environmental protocols designed to expand protection beyond their employees, but to also include subcontractors, customers, and suppliers. These protocols encompass the protection and preservation of natural resources and the Earth for future generations.
Develop and provide sustainable
waste management solutions
Continuously reduce the carbon environmental footprint
Maintain superior regulatory compliance
Promote a culture of safety which
results in zero injuries
Develop teams that reflect the
communities in which we operate
Demonstrate a continual focus on
meaningful disclosure
Reporting requirements on these efforts is beginning to come into focus as the Securities Exchange Commission (SEC) announced rulemaking related to the disclosure of information pertaining to actual and potential impacts related to the company’s identified climate-risks, as well as, disclosure requirements related to direct and indirect greenhouse gas (GHG) emissions. These emissions fall into three classifications:
SCOPE 1
Direct GHG emissions (emissions from sources that are owned or controlled by the company.)
SCOPE 2
Indirect GHG emissions (emissions from purchased electricity and other forms of energy.)
SCOPE 3
GHG emissions from both upstream & downstream activities (emissions resulting from the company, but occur from sources not owned by the company.)
Commitments & Goals For 2022
As these new protocols are implemented performance indicators and targets will need to be set to determine if the plan is achieving its goals. Data inputs and analysis will be required to track key performance indicators to determine if the plan is on target. Successful management of these goals and compliance with reporting requirements requires the implementation of a robust and flexible EHS data management platform that can meet both internal and externally driven objectives and requirements.
As these new protocols are implemented performance indicators and targets will need to be set to determine if the plan is achieving its goals. Data inputs and analysis will be required to track key performance indicators to determine if the plan is on target. Successful management of these goals and compliance with reporting requirements requires the implementation of a robust and flexible EHS data management platform that can meet both internal and externally driven objectives and requirements.
