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
Weighting & Scoring System
Weighting & Scoring System Module: Enhancing ESG Performance Measurement
Assigning Weights: Assign weights to each metric based on its relative importance to your overall ESG strategy. Consider factors such as stakeholder priorities, materiality assessment findings, and strategic objectives. Higher weights should be allocated to metrics that align closely with your company’s sustainability goals and have a greater impact on long-term value creation.
Developing a Scoring System: Develop a scoring system to translate raw data into clear performance indicators. This system should enable you to quantify progress and benchmark performance against set targets. For example, you could use a percentage-based scoring system to indicate the achievement level of each metric relative to its target. Alternatively, you could assign scores on a scale of 1 to 5 or 1 to 10, with higher scores indicating better performance.
Implementation Steps:
- Define Weights: Determine the relative importance of each metric by assigning weights based on their significance to your ESG strategy.
- Establish Scoring Criteria: Develop clear criteria for scoring each metric based on performance against set targets or industry standards.
- Calculate Scores: Apply the scoring criteria to the raw data collected for each metric to calculate individual scores.
- Aggregate Scores: Aggregate individual scores to obtain an overall ESG score for your company.
- Monitor and Adjust: Continuously monitor ESG performance metrics, review scoring results, and adjust weights and scoring criteria as needed to ensure alignment with evolving business priorities and stakeholder expectations.
Benefits:
- Provides a structured framework for evaluating and monitoring ESG performance.
- Enables comparison of performance over time and against industry benchmarks.
- Facilitates data-driven decision-making and prioritization of ESG initiatives.
- Enhances transparency and accountability in reporting ESG progress to stakeholders.
By implementing a robust weighting and scoring system, companies can effectively measure and track their progress towards ESG goals, identify areas for improvement, and drive continuous advancement in sustainability performance.