Lawrence Heim joins the podcast to discuss PracticalESG, the CCRcorp-run blog working to provide ESG information in bite-sized pieces, SEC’s proposed framework and its contents, the processes of regularizing standards, and what organizations must do to ensure accurate tracking and reporting.
Practical ESG with Lawrence Heim:
Key points discussed in the episode:
Practical ESG receives tons of positive feedback and aims to cut through the fluff and marketing.
With an expert advisory board, PracticalESG has had in-depth contributions on climate issues, investor perspectives, corporate culture, and how they all relate to a successful ESG program.
Just recently, the ISSB has made public a new multi-jurisdictional working group of regulatory agencies in the accounting and securities arenas for a number of countries.
Convergence is the process of establishing standards as regulatory. When IFRS adopts a standard, it isn’t automatically established as regulatory. Countries must go through legal and administrative processes to make them enforceable. FASB is responsible for this function in US jurisdiction.
The SEC’s proposed framework has three scopes: direct emissions, third-party emissions, and supply chain emissions.
Lawrence Heim notes a potential misunderstanding in the SEC proposal: CO2 emissions reporting by companies to EPA is limited to operations that emit 25,000 tons of CO2 annually – either directly from their locations or as a result of third-party combustion of the products manufactured (such as gasoline). EPA’s CO2 emissions reporting will not ease the proposed SEC emissions calculation burden for companies that are below the EPA threshold.
Manage and track responses to information requests in your organization. With receptionists, monitor how they reply to more technical questions and equip them with the right tools and know-how.
Lawrence Heim is the Editor of CCRCorp’s ESG platform, PracticalESG.com, where he shares insights based on over 35 years of supporting companies in environmental, health & safety compliance and management. He’s led various types of non-financial audits, designed corrective action programs and helped implement sustainability programs. He spent nearly a decade in-house at a Fortune 150 manufacturer and went on to help create the Global Environmental Risk Consulting Practice at Marsh USA. Later, Lawrence founded & led the Sustainability practice at Elm Consulting Group, and most recently, he led the development of supply chain due diligence standards at the Responsible Business Alliance/Responsible Minerals Initiative. When the SEC’s conflict minerals rules were under consideration, Lawrence was the only non-financial auditor selected to give testimony to the Commission. In 2018, he published the book “Killing Sustainability.” Lawrence also sits on the board of ASSET, a non-profit anti-slavery organization.
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