Consulting expert Laura Tulchin passionately advocates the implementation of ESG, working in the mantra of “minimizing risk today means optimizing opportunity.”
In this episode, she dives deep into the growing significance of ESG in the pandemic, the social and monetary advantages, the cruciality of regulation, and how ESG is looking into the future.
▶️ Optimizing ESG Opportunity in the Pandemic with Laura Tulchin
Key points discussed in the episode:
✔️ Laura Tulchin summarizes her professional and educational background.
✔️ Laura Tulchin explains the increasing relevance of ESG in the past two years. Companies with perceived good ESG performance are financially outperforming their competitors.
✔️ESG gains steam in today’s fractured social and capitalist system. Consumers are seeking purpose, even in the way they spend their money. Transparency in ESG is enough incentive for companies to step up.
✔️ The formation of the International Sustainability Standards Board in the 2021 UN Climate Change Conference was a step forward for ESG standardization. Laura Tulchin believes that we still have a long way to go. A hodge-podge of voluntary standards still remains in the ISSB, along with jurisdictional regulations in the EU.
✔️ Interpretation and analysis – or looking under the hood – are still challenging in ESG reporting. The necessary tools needed to achieve a higher level of transparency aren’t readily available. Some businesses resort to presenting a positive but generalized report to gain mass favor.
✔️ ESG isn’t a one-size-fits-all program. It’s bound to be managed in different ways across industries.
✔️Compliance lays a strong foundation for a good ESG program.
✔️ ESG should be an accurate portrayal of an organization’s social and environmental impact.
✔️ ESG isn’t just about saving the elephants. It’s also about saving your dollars. Running an ESG program brings long-term profit. Nowadays, consumers are more conscious of who they’re buying from and whether products are ethically sourced and manufactured.
✔️ ESG would soon become a natural business practice.
Laura Tulchin is an MBA with expertise in ESG risk, compliance, and governance. She has extensive experience with investment professionals, large multinationals, and financial institutions in managing risk and bringing the right frameworks, processes, and tools for risk management. She is hands-on with big-data and technology implementation experience to help clients determine strategic vulnerabilities and use data effectively to understand, measure and mitigate risk.
Connect: https://www.linkedin.com/in/laura-tulchin-b5577611/