Welcome to ESG Advising LLC

The primary purpose of ESG (Environmental, Social, and Governance) is to promote sustainable and responsible business practices that create long-term value for companies, investors, and society as a whole.

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Climate change and fossil fuels

The fossil fuel industry faces many challenges in delivering affordable energy to the world while at the same time protecting the environment from carbon emissions.


Identify Risks and Opportunities

ESG factors are increasingly recognized as critical indicators of a company's performance and its ability to manage risks and opportunities. By integrating ESG considerations into their decision-making processes, companies can identify potential risks and opportunities and make more informed decisions that create value over the long term.Nov 22, 2022


The SEC and ESG

November 16, 2022 - Investors and U.S. financial regulators have made clear that they seek to hold companies and asset managers responsible for public statements they make about ESG. When the Securities and Exchange Commission (SEC) created the Climate and ESG Task Force within the Division of Enforcement with the express purpose of identifying ESG-related misconduct, many public companies and investment advisers started preparing for expected enforcement actions.

We can help you develop your sustainability program:

1. Understand the Importance

Educate company leadership on the importance of ESG factors in today's business landscape. Highlight benefits such as improved investor relations, risk management, and potential cost savings.

2. Establish an ESG Committee

Form a dedicated team or committee responsible for ESG strategy, data collection, reporting, and engagement. This could include members from various departments, such as finance, operations, HR, and marketing.

3. Conduct Materiality Assessment

Identify which ESG issues are most relevant to the business and its stakeholders. This involves assessing the potential impact of these issues on the company and the concerns of stakeholders like investors, customers, employees, and the community.

4. Set Clear ESG Goals and Metrics

Based on the materiality assessment, establish clear, measurable, and time-bound ESG goals.
Determine the key performance indicators (KPIs) you will use to measure progress against these goals.

5. Data Collection and Management

Identify sources of data required for each metric.
Establish processes for consistent data collection, validation, and storage, ensuring data accuracy and reliability.

6. Adopt ESG Reporting Frameworks

Choose recognized ESG reporting standards or frameworks, such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), or the Task Force on Climate-related Financial Disclosures (TCFD). Using established frameworks enhances the credibility and comparability of your report.

7. Engage Stakeholders

Regularly engage with stakeholders to gather feedback and understand their evolving ESG priorities. This can be through surveys, focus groups, or one-on-one interviews.

8. Draft the Report

Compile the collected data, insights, and narratives into a comprehensive ESG report. Ensure transparency, addressing both achievements and areas for improvement.

9. Third-party Verification

Consider having the ESG report externally audited or verified. This adds an additional layer of credibility and assures stakeholders of the report's accuracy.

10. Communication and Distribution

Publish the ESG report on the company's website and promote it through various channels such as press releases, investor communications, and social media. Ensure the report is easily accessible to all stakeholders.

11. Review and Iterate

After publishing, collect feedback, assess the effectiveness of the reporting process, and identify areas for improvement.
Update the ESG strategy and goals as necessary, reflecting the evolving business landscape and stakeholder expectations.

12. Ongoing Monitoring and Reporting

Make ESG reporting and measurement an ongoing process. Regularly monitor progress against goals, adjust strategies as needed, and report on developments at least annually.

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Current Issues Around ESG

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Finally, the broader purpose of ESG is to encourage companies to act as responsible corporate citizens and to contribute to a more sustainable and equitable world. By promoting sustainable and responsible business practices, companies can help to address global challenges such as climate change, social inequality, and environmental degradation, and to create a more sustainable and prosperous future for all.