Governance – not within ESG but of ESG
The management and understanding of ESG factors, either within a company or as part of an investment process, requires appropriate scrutiny and oversight, particularly as this relates to implementing change.
William Bryant, Head of Advisory
Establishing a strong foundation of roles, responsibilities, policies, and procedures to govern the oversight and day-to-day management of ESG considerations is a vital initial step when formalising and enhancing the activity at a firm. Frameworks such as TCFD, TNFD, the PRI reporting framework and the incoming CSRD all place governance at the centre of expectations for how sustainability and responsible investment issues are managed.
Governance is fundamental in corporate and investment management, and the governance of ESG issues is no different. Having the appropriate structures in place is not only a current requirement but is expected to undergo even greater scrutiny in 2024 and beyond.
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