Benchmark Gensuiteยฎโs Public Comment to European Financial Reporting Advisory Groupโs Request for Public Consultation on the First Draft Set of European Sustainability Reporting Standards
August 8, 2022 ATTN: Secretary Vanessa Countryman U.S. Securities and Exchange Commission 100 F Street NE Washington, D.C. 20549-1090 ATTN: Mairead McGuinnessCommissioner for Financial Services,Financial Stability and Capital Markets UnionEuropean Commission CC: Sven GentnerHead of Unit DG FISMA, Corporate reporting,Audit and credit rating agenciesEuropean Commission CC: Hans BuysseAdministrative Board PresidentEFRAG CC: Kerstin LopattaActing EFRAG SRB […]
Where ESG Standards and Regulations Are NowโAnd Where Theyโre Going
The current economic state and recent regulatory priorities mean fully engaging with a rapidly evolving ESG landscape has become a necessary, if challenging, charge for all corporations. The SECโs recently proposed rule on Scope 3 emissions reporting has only reaffirmed the need. At the May 2022 Benchmark Gensuiteยฎ Impact Conference, one throughline became exceedingly clear: […]
Benchmark Gensuiteยฎโs Public Comment on the U.S. Securities and Exchange Commissionโs Proposed Corporate Climate Risk Disclosure Rule
June 15, 2022 ATTN: Secretary Vanessa Countryman U.S. Securities and Exchange Commission 100 F Street NE Washington, D.C. 20549-1090 Re: Public Comment on Enhancement and Standardization of Climate-Related Disclosures for Investors Proposed RuleโRelease Nos. 33-11042; 34-94478; File No. S7-10-22 Dear Secretary Countryman and Colleagues, It is with great enthusiasm for my civic duty that I […]
Reflections on the 2022 Benchmark Gensuiteยฎ Impact Conference
Upon returning home from Benchmarkโs annual customer conferenceโImpact 2022โI couldnโt help but take issue with something I read in that weekโs edition of The Economist, a favorite magazine of mine. In a piece entitled โThe woolliest words in business,โ the magazineโs work and business management column, Bartleby, sought to contest the increasingly unquestionedย ubiquity of corporate […]
5 Steps to Effectively Manage Sustainability Risks in Business
Business Sustainability Risk Management Organizations worldwide are under pressure to comply with global and regional environmental regulations. From opting for renewable energy resources to using sustainable materials in production, businesses actively seek ways to align their profit goals with environmental policies.ย To ensure business sustainability, your organization needs to consider the environmental, economic, and social […]
Simplifying Emissions Reporting: How to Ensure Youโre Prepared for the SECโs Scope 3 Mandate
In recent years, companies around the world have felt increasing pressure to disclose Environmental, Social, and Governance (ESG) data to satisfy investors and various internal and external stakeholders. Today, the trend toward mandatory reporting is acceleratingโmost recently reflected in the March 21, 2022 release of the U.S. Securities and Exchange Commission (SEC) proposed rule mandating […]
Rapid Reaction: The U.S. SECโs Proposal for Mandatory Corporate Climate Risk Disclosure Rules
The U.S. Securities and Exchange Commissionโs (SEC) proposal for mandatory corporate climate risk disclosure rules, announced this week, should create a tectonic shift in the Environmental, Social and Governance (ESG) information ecosystem. For years, companies, investors, and policymakers have decried the lack of standards governing companiesโ measurement of their ESG performance or mandates that companies […]
Creating Dynamic EHSQ Solutions to Meet Customerโs Evolving Needs: From Benchmark Champion Paul Bender
When it comes to achieving business success, customer-centricity should be a critical component. However, this is much more than ensuring that customers are satisfied with your products and services. It is about fostering a community where customers can share their experiencesโboth good and badโand provide insights into their current and future needs. ย For the […]
Your ESG Strategy in 2022 (Part 1): 5 Ways ESG Reporting Boosts Business
Are you prioritizing ESG strategy and ESG reporting in 2022? If not, you should be. Whether your business is prepared for it or not, major changes in the ESG world will soon have an impact on your organization. Through a combination of pressure from investors, stricter regulatory conditions, consumer preferences, and changing compensation plans for […]
The Truth About ESG Ratingsโand Why Sustainability Reporting Is Crucial for Businesses
Some recent news has highlighted the difference between sustainability and ESG, terms that are sometimes equated erroneously. Bloomberg has suggested that the rapidly growing ESG rating business is more about the financial sustainability and viability of the companies rather than the impact of those companies on planet and people. The authors of the piece focus […]