Tagged: ESG

The Power of a Corporate Mission, Values-Based Leadership and the “S” of ESG

The ESG movement presents numerous opportunities for organizations to promote and improve overall performance.  By injecting the important focus on “sustainability,” organizations can take a broader view of their respective corporate missions to advance numerous objectives, including the financial bottom line. Under “traditional” economic analysis (e.g. Milton Friedman and a shareholder-interests only), a corporation’s sole mission was to increase shareholder value.  The market rules and...

Episode 224 — 2022 Ethics and Compliance Predictions

Ethics and compliance professionals believe in their mission – if they did not, they would not be in the field. E&C professionals believe in the power of positive thinking, ethical conduct, and in the overall ability of an organization to operate as an “ethical” company. They work for their mission and it is a positive mission.  The New Year is a great time for E&C professionals...

CCOs 2022 To-Do List: Ethical Culture and ESG

Chief compliance officers have a difficult job (to say the least).  If everything goes well, they are hailed as heroes.  If a major problem occurs, everyone looks to the CCO to find out why the problem occurred.  In the latter situation, the implicit message to CCOs is “why didn’t you prevent this problem, I thought you were supposed to prevent this.”  This reflects a fundamental...

Episode 221 — The “Person” of the Year: Environmental Social and Governance Programs

One of my favorite New Year’s reviews is under the title of “Person” of the Year. In the past, I have singled out Chief Compliance Officers, Chief Ethics Officers, Prosecutors, and Whistleblowers. For 2021, the choice is obvious – the most important trend is the rise of Environmental, Social and Governance (“ESG”) programs. In second place, I would choose Supply Chain Management and Risks, given the...

2022 Ethics and Compliance Predictions

Choose to be optimistic. It feels better.” – Dalai Lama Forgive me for my optimism.  It is the only way to live a meaningful life.  Or as some would say – being a pessimist is too much of a burden.  We begin a New Year — and I am optimistic. To turn the corner here on relevance, ethics and compliance professionals, are by definition, optimists. Give...

Building an ESG Structure and Program (Part II of III)

Investor demand for companies to provide robust and transparent ESG information is growing quickly.  Investors understand that companies have to develop effective strategies to address ESG risks.  The impact on shareholder price is evident – stakeholders are demanding that companies devote time and attention to ESG issues.  Companies have to respond to this demand. Government regulators are quickly pushing the ESG movement. The European Commission...

Implementing ESG Programs: Structure and Responsibilities (Part I of III)

ESG – the initials that are transforming corporate missions, purposes and structures, fueled by stakeholder and investor demand.  It is a significant moment in corporate and stakeholder interactions.  Companies recognize the responsibilities but even more importantly, the opportunities, to build a sustainable and financially profitable organization. But there are significant changes that have to occur along with the ESG objective.  I am dubious about the...

CCOs: Expert Problem Solvers

If you follow my blog, you know that I am passionate about the compliance profession.  Chief compliance officers have unique talents, expertise and leadership qualities.  CCOs are committed ethics warriors.  No one else can claim that same mission. CCOs are the natural stewards of a company’s ethical culture.  Of course, a company can appoint a separate chief ethics officer to distinguish between the ethics and...

ESG and Business Risks – Leveraging Compliance Resources

Chief compliance officers are creative professionals.  This is one of many areas of expertise.  But when it comes to corporate politics, many CCOs know how to package and promote their mission. CCOs faced real constraints and challenges during the pandemic. CCOs were challenged as to why compliance was an important function to preserve in the time of a pandemic which threatened many companies’ very existence. ...