ESG 101: What is Environmental, Social and Governance?

Overview

The newest acronym in the business community is ESG (Environmental, Social and Governance)

• Investors’ demand enhanced information about how companies are approaching environmental sustainability. (Sustainability accounting)
• The foundation of sustainability reporting is for an organization to identify and prioritize its impacts on the economy, environment, and people - to be transparent about their impacts

The foundation of sustainability reporting is for an organization to identify and prioritize its impacts on the economy, environment, and people - to be transparent about their impacts

This session is an introduction to the topic of ESG and what accountants and management should know

Prerequisites

None

Objectives

• Identify and evaluate the concepts involved in ESG
• Discover and determine responsibilities of accountants, management, and the board
• Explore and examine various accounting considerations
• Identify and consider impacts on financial reporting and DCP

Highlights

• Environmental, Social and Governance concepts in today’s world
• Areas of accountability for ESG
• How ESG impacts Financial Reporting