Curriculum
- 6 Sections
- 33 Lessons
- 2 Days
- 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
Understanding ESG – Environmental considerations
Now, having gone through a few basics of ESG it is time to dive into each of the letters and their significance as bridge to applying the theory in practice to see sustainable changes.
Environment is defined as “the natural world in which people, animals and plants live” by the Oxford Dictionary but today in the society, environment holds way more meaning than these few words. Depending on who you ask the meaning and value of environment changes hands, so what is environment in the hectic, ever running corporate world.
In the corporate world, the environment refers to the intricate interplay between a company’s operations and the natural world in which it operates. It encompasses the company’s impact on ecosystems, climate systems, and natural resources, as well as its resilience to environmental risks and opportunities. From reducing greenhouse gas emissions and conserving resources to minimizing pollution and preparing for climate-related disruptions, companies must navigate the environmental landscape with foresight, innovation, and responsible stewardship. Embracing environmental sustainability is not only a moral imperative but also a strategic imperative, as companies that prioritize environmental considerations can enhance their reputation, mitigate risks, and drive long-term value creation in a rapidly changing world.
- Climate Change:
- Reduce Greenhouse Gas Emissions: Companies should aim to minimize their carbon footprint by implementing measures to reduce greenhouse gas emissions across their operations. This includes initiatives such as optimizing manufacturing processes, improving energy efficiency in facilities, and investing in low-carbon technologies.
- Invest in Renewable Energy: Transitioning to renewable energy sources such as solar, wind, and hydroelectric power can help companies reduce their reliance on fossil fuels and decrease their environmental impact.
- Prepare for Climate Impacts: As the effects of climate change become more pronounced, companies need to anticipate and adapt to physical risks such as extreme weather events, sea-level rise, and disruptions to supply chains. This may involve implementing resilience measures such as fortifying infrastructure, diversifying sourcing locations, and developing contingency plans.
- Resource Depletion:
- Conserve Resources: Companies should strive to minimize their consumption of natural resources such as water, raw materials, and energy. This can be achieved through initiatives such as water recycling and reuse, materials efficiency improvements, and adoption of sustainable farming and forestry practices.
- Sustainable Sourcing: Ensuring responsible sourcing practices throughout the supply chain is essential for minimizing the environmental impact of resource extraction and production. This includes sourcing materials from certified sustainable sources, promoting biodiversity conservation, and supporting fair labor practices.
- Circular Economy: Embracing circular economy principles involves designing products and processes to maximize resource efficiency and minimize waste generation. Companies can explore opportunities for product redesign, remanufacturing, and recycling to create a closed-loop system that reduces reliance on finite resources and minimizes environmental degradation.
- Pollution Control:
- Minimize Pollution: Companies should take proactive measures to minimize pollution of air, water, and soil resulting from their operations. This may involve implementing pollution prevention technologies, improving waste treatment and disposal practices, and adopting cleaner production processes.
- Effective Waste Management: Implementing effective waste management strategies is crucial for minimizing the environmental impact of waste generation and disposal. This includes initiatives such as waste reduction at the source, recycling and reuse of materials, and proper treatment and disposal of hazardous waste.
- Regulatory Compliance: Compliance with environmental regulations is non-negotiable for companies operating in any industry. Ensuring adherence to relevant laws and regulations governing emissions, waste management, and pollution control is essential for avoiding legal liabilities and safeguarding environmental health and safety.
In summary, companies that prioritize environmental considerations as part of their ESG strategy can not only mitigate risks associated with climate change, resource depletion, and pollution but also capitalize on opportunities for innovation, cost savings, and competitive advantage. By taking proactive steps to reduce their environmental footprint, companies can demonstrate their commitment to sustainability and contribute to a healthier and more resilient planet