Environmental Social Governance

Managing Risk and Expectations

Karlheinz Spitz, John Trudinger, Matthew Orr

• Publisher: CRC Press
• Year: 2022
• Print ISBN: 9780367680558
• eBook ISBN: 9781000506983
• Edition: 1
• Topic: Business
• Subtopic: Decision Making
• Index: Business

Increasingly, companies are being judged by their performance in terms of Environmental Social Governance (ESG). But exactly what does it mean, and what should be done about it? While much ambiguity exists, it is no longer sufficient to negotiate the environmental assessment process successfully. ESG is an ongoing process that spans the entire life cycle of a company and its operations.

This book is aimed at business leaders – senior executives and company directors – and particularly those involved in the extractive industries and other ventures that significantly affect the environment and host communities. Guidance is provided on the major ESG issues that confront all business leaders. Strategies are provided to address ESG risk and to handle crises when they occur.

QUESTIONS FOR BUSINESS LEADERS:

Are you at all prepared for an environmental or social crisis event?

How will you cope with the "unknown unknowns"?

What do your shareholders expect you to do about climate change?

Are your employees proud of the company's ESG performance?

How does your bank evaluate your biodiversity impacts?

Index

• access to land 113–123
• accidents 17, 71, 83, 86–88, 96, 158, 165, 170, 256
• Acid Rock Drainage see ARD
• ACM (asbestos-containing materials) 184, 265
• adaptation 177, 191
• administrative controls 253, 256, 258, 261
• affected people 115–117, 119–120, 123
• ALARP (As Low as Reasonably Practicable) 91, 252–253, 259, 265
• ANCOLD (Australian National Committee On Large Dams) 258–259, 269–270
• ARD (Acid Rock Drainage) 132, 221, 265
• as low as reasonably practicable see ALARP
• asbestos 183–186, 222, 265
• auditing, environmental 48
  • internal 46
  • post-closure 225

• benefits and benefit sharing 8, 11, 16, 21–22, 36, 38, 84, 100–104, 106–108, 153, 155, 229–230, 252, 270
• big data 12, 232–233
• biodiversity 4, 6, 12, 23, 28, 55, 57, 60, 63, 66, 138–154, 238–239
• biodiversity conservation xiii, 12, 23, 63, 142, 145, 147, 149
• Board members xiii, 6, 8, 77–78, 82, 84, 96
• Brundtland Report 15–16, 24, 271
• business leaders xii–xiii, 15–16, 29, 32, 34–36...

Table of contents

• Cover
• Half Title
• Title Page
• Copyright Page
• Table of Contents
• Foreword
• About the authors
• Acknowledgements
• 01 Environmental and social aspects of governance in a changing environment: the Board’s role
• 02 Yes, sustainability can be a strategy
• 03 How do ESG values change Company culture?
• 04 ESG factors in project finance and M&A transactions
• 05 Environmental and social planning and management: what’s measured improves
• 06 Safety governance inside the boardroom
• 07 Impacts of development on communities
• 08 Access to land as a human rights issue
• 09 Water resources in the future: problems and solutions
• 10 Industry and biodiversity
• 11 Enterprise risk management: putting ESG risks into a business context
• 12 Environmental liabilities: risks beyond the balance sheet
• 13 Strategies for climate change risk management: stemming the tide
• 14 Crisis management: don’t wait for a crisis to come up with a crisis plan
• 15 Right way to close an operation
• 16 Looking ahead
• Appendix: managing catastrophic risk – tailings disposal
• References
• Index