Tom Fox welcomes Nick and Gio Gallo, brothers and co-CEOs of ComplianceLine, to this episode of the ESG Report. In this brief conversation, they talk about looking at ESG from a financial and corporate perspective, and helping compliance professionals navigate along that spectrum.
Finance Vs Compliance
Financial professionals would view ESG as an opportunity, as opposed to another task they’d have to complete. For the finance professional, ESG is a new conversation they can be a part of and potentially take credit for; at the very least you can be ahead of the curve in terms of investments. Another distinction between the finance and compliance professional is that the finance professional would most likely look at ESG through a financial lens – in particular how capital markets view companies with strong ESG programs, and how that impacts the company as an investment.
Grasp The Opportunity
ESG is an opportunity for ethics and compliance individuals to have more of an impact within their organizations, so it’s a great opportunity to take advantage of. Executives should try to understand why their ethics and compliance professionals care about ESG so much. Compliance and ethics professionals, in speaking with their higher ups, should use the programs that are already in place within their organizations, as well as their reports, to explain why ESG is important. It’s about shifting the mindset and using the opportunity that ESG provides for your company.
Take Credit Where Credit is Due
There are people within organizations who are making an impact every day, and doing their best to make the world better, whose efforts can be aggregated through data pools and data lakes. Aggregate them into already existing programs within your organization, and start taking credit – not just for yourself, but for the broader organization. Part of how you do that is understanding your target audience, so you have some direction on how to build your company roadmap.
Resources
Nick Gallo | LinkedIn | Twitter
Gio Gallo | LinkedIn
ComplianceLine
