Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Social Achievements

• One focus group company is working with public schools to promote free Wi-Fi and technology access for all residents in a socioeconomically depressed community, investing in building a more resilient workforce and supply chain.

Governance Achievements

• A large US food industry introduced integrated worker health and safety technology at key meat-packing plants in response to the COVID crisis, including centralized sensors and decentralized, 2-way messaging by cellphone apps.

Climate Goals & Targets

Environmental Challenges

• Inconsistency or absence of data on ESG performance and results
• Technological and cultural barriers to communications and data management
• Rapidly changing definitions of important social factors
• Difficulty assessing and mitigating sociopolitical risks
• Cybersecurity risks associated with increased technology deployment
• Inequity of digital literacy/access
• Managing remote workforces effectively
• Maintaining trust and transparency during a crisis
• Balancing transparency with privacy concerns regarding COVID-19 infection
• Engaging with vulnerable communities while respecting social distancing
• Managing the costs associated with ESG initiatives
• Demonstrating return on investment for ESG actions

Mitigation Strategies

• Developing mechanisms and aptitudes to evaluate risks with equal parts rigor and imagination
• Leveraging lessons learned from human rights risk assessments to measure and manage broader social risks
• Integrating workers and host communities into incident response and contingency planning
• Being nimble/agile in enabling rapid response
• Being brave and bold, but also humble, in response efforts
• Building more resilient risk management programs
• Using digital technology/apps and data analytics to enhance stakeholder communications
• Designing and managing programs and mobile apps that provide easy access to workers
• Creating portals for public information and feedback that are simple, easily accessible and usable
• Prioritizing AI solutions that make workers more valuable, not replace them
• Proactively investing in capacity building for vulnerable stakeholders
• Developing clear messaging with staff and understanding how they are coping
• Utilizing technology to access critical information and share early warnings and risk assessments
• Moving towards a more decentralized approach to supply chain risk management
• Focusing on data that is most meaningful to employees and other stakeholders
• Planning ahead of time for how data will be used
• Seeking local data that can be reliably aggregated to reflect multiple voices
• Developing resilient, transparent and inclusive/participative systems for managing and reporting ESG performance results
• Framing ESG strategies based upon current and prospective stakeholder interests and driving greater profitability

Supply Chain Management

Responsible Procurement

• Decentralized approach to supply chain risk management

Climate-Related Risks & Opportunities