Curriculum
- 6 Sections
- 33 Lessons
- 2 Days
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- Demystifying ESG - Understanding ESGThis module provides a foundational understanding of ESG (Environmental, Social, and Governance) principles and their growing relevance for today's executives. Learning Objectives: Gain a foundational understanding of ESG (Environmental, Social, and Governance) principles. Explore the key drivers influencing the growing importance of ESG in today's business environment. Recognize the potential impact of ESG on companies and their future strategies.6
- Detailing ESG - What and Who?6
- Materiality Assessment - Tool to evaluateThe Materiality Assessment of ESG module provides participants with a comprehensive understanding of the materiality concept within the context of Environmental, Social, and Governance (ESG) considerations. Through this module, participants will learn how to identify, prioritize, and assess the significance of ESG issues that are most relevant to their organizations and stakeholders. By leveraging practical tools, frameworks, and case studies, participants will gain the knowledge and skills needed to conduct effective materiality assessments, enabling them to focus resources on addressing key ESG risks and opportunities that drive long-term value creation. Objective Learnings: Understanding Materiality: Gain a deep understanding of the materiality concept and its significance in the context of ESG integration within organizations. Identifying Key ESG Issues: Learn techniques for identifying and prioritizing key ESG issues based on their relevance to the7
- ESG Scorecard - Tools for EvaluationThis module series explores ESG (Environmental, Social, and Governance) factors, covering what they involve and their impact on organizations and leaders. Participants gain insights into environmental concerns like climate change, social aspects including diversity and labor practices, and governance7
- 4.1Basics and Theory of ESG scorecard10 Minutes
- 4.2Real-Life Implications: Case Study15 Minutes
- 4.3Building Your ESG Scorecard: A Framework – Production Based Companies15 Minutes
- 4.4Building Your ESG Scorecard: A Framework – Service Based Companies10 Minutes
- 4.5Weighting & Scoring System10 Minutes
- 4.6Real-Life Outcomes & Considerations15 Minutes
- 4.7QnA
- CompetitionThis module examines the competitive landscape within the ESG domain, exploring how it's determined and factors to consider. Participants gain insights into assessing their company's performance within this landscape and engage in practical exercises guided by the trainer.6
- Case Study And Discussion3
Building Your ESG Scorecard: A Framework – Production Based Companies
Building Your ESG Scorecard: A Framework
Aligning with Materiality Assessment: Ensure your scorecard is aligned with the material ESG issues identified through your materiality assessment. This ensures that your efforts are focused on addressing the most relevant issues that matter to your stakeholders and have the greatest impact on your business.
Defining Goals & Targets: Set SMART (Specific, Measurable, Achievable, Relevant, and Time-bound) goals for each material issue. These goals translate your ESG commitments into actionable steps, providing a clear roadmap for progress and accountability.
Selecting Key Metrics:
For Production-Based Companies:
Environmental:
- Energy Consumption: Track kWh per unit produced, percentage of renewable energy used, and improvements in energy efficiency.
- Resource Depletion: Monitor raw material usage, water consumption, and waste generation rates, along with recycling efforts.
- Pollution Control: Measure air and water emissions levels, assess hazardous waste disposal methods, and invest in pollution control technologies.
Social:
- Labor Practices: Monitor employee turnover rates, safety incident rates, average training hours per employee, and adherence to fair labor standards.
- Supply Chain Management: Conduct supplier audits for labor practices and environmental impact, promote local and sustainable sourcing practices.
- Community Engagement: Invest in local community initiatives, encourage volunteer participation, and undertake community development projects.
Governance:
- Board Composition: Evaluate the diversity and expertise of board members, ensuring representation of environmental and social perspectives.
- Risk Management: Assess ESG risk assessment procedures and implement mitigation strategies to address identified risks.
- Transparency & Accountability: Enhance ESG reporting frequency and comprehensiveness, engage stakeholders effectively, and promote transparency in governance practices.
By following this framework, production-based companies can develop a robust ESG scorecard that effectively measures their progress towards sustainability goals, drives continuous improvement, and enhances overall business performance and stakeholder trust.