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World Economic Forum’s Climate Governance Initiative – Climate Governance on Corporate Boards

By Betty M. Huber and Cristina Harshman on Posted in Board Matters, Climate Change, Director Matters, ESG, World Economic Forum

As market players begin to pay greater attention to the impacts of climate change on businesses, many international organizations are publishing an array of frameworks, principles and guidelines to help companies and boards who wish to incorporate climate risk into their decision-making.

Among the most prominent, the World Economic Forum has established a Climate Governance Initiative and published a related set of eight guiding principles (Climate Governance Principles) to help foster effective climate governance on corporate boards.
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ESG Disclosure Frameworks – Recent Updates

By Joseph A. Hall, Betty M. Huber and Alexandra Munson on Posted in Disclosure, ESG, GRI, SASB, World Economic Forum

Updates in the past two months to voluntary ESG disclosure frameworks raise questions for companies about these overlapping and arguably competing standards.

GRI Launches Sector-Specific Disclosure Framework

On July 8, 2020, the Global Reporting Initiative (GRI) published an initial draft of a standard for ESG disclosures for the oil & gas industry. The draft, open for public comment until October 6, 2020, marks the first sector-specific ESG disclosure framework created by GRI, which, unlike the Sustainability Accounting Standards Board (SASB), has before now provided only a uniform framework for all industries.
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