Mandi McReynolds, the Global Head of ESG in Workiva, joins the show to discuss how tech solutions have made ESG reporting easier, what organizations should consider before investing in tech, and the significance of putting stakeholders at top priority, and the future of tech in ESG.
▶️ Simplifying ESG with Thomas Fox & Mandi McReynolds:
Key points discussed in the episode:
✔️ Mandi McReynolds emphasizes communicating with your stakeholders to identify your company’s societal and business values. Stakeholders consist of internal, external, and customers.
✔️ Mandi McReynolds describes how Workiva simplifies the ESG reporting process.
✔️ Internal controls are the backbone of an effective ESG program. To create processes that stakeholders can trust, have different subject matter experts to add value to the discussion.
✔️ Look at the business value drivers and societal impact value drivers of your ESG plan. Before investing in tech and talent, identify your strategic value in materiality assessment and assessment engagement.
✔️ Bring a holistic picture of what your stakeholders care about regarding ESG.
✔️ How financial value has always been intrinsically linked to ESG reporting.
✔️ Find the balance between achieving your ESG commitments and not burning dollars.
✔️ Mandi McReynolds gives her predictions on the future of the technological component of ESG.
Mandi McReynolds is an award-winning author, educator, and practitioner-scholar. She has spent her career building corporate responsibility and environmental, social, and governance divisions across four different industries. Mandi serves as the Senior Director, Environment, Social, and Governance at Workiva. McReynolds is the co-editor and co-author of Diving Deep in Community Engagement: A Model for Professional Development. She received her B.A. in Organizational Communications from Cedarville University and M.S. in Interdisciplinary Studies: Speech Communication, Women Studies, and Higher Education from Iowa State University. She enjoys swimming and playing volleyball with her daughter, Ava, and traveling with her husband, Adam.
Resources
Learn more about Workiva – ESG reporting made simple – https://www.workiva.com/.
Mandi McReynolds on LinkedIn
ESG Talk Podcast
—————————————————————————-
Do you have a podcast (or do you want to)? Join the only network dedicated to compliance, risk management, and business ethics, the Compliance Podcast Network. For more information, contact Tom Fox at tfox@tfoxlaw.com.
Tag: Tech Solutions
Vault Platform CCO Tori Reichman joins the show to discuss how employers should embrace their employees’ expectations, use tech solutions to report misconduct, value ethics and mission alignment more than ever before, and what companies should do to retain top talent.
▶️ Supporting the S in ESG through Tech Solutions with Tori Reichman:
Key points discussed in the episode:
✔️ Tori Reichman explains her interpretation of the S in ESG.
✔️ The role of ethics and ESG implementation in a company’s culture. Employees are encouraged to report misconduct so cases can undergo evaluation and investigation.
✔️ Tech solutions help businesses have a more precise grasp on their ethical health. Having data all in one place takes away all the extra work.
✔️ Companies are now held to a higher standard due to employees being more vocal when their practices are considered unethical or go against their morals.
✔️ While millennials and Gen Z-ers are more comfortable leaving jobs for greener pastures, baby boomers and Gen X-ers prefer to stay longer. However, both choose employment in companies that align with their values and beliefs.
✔️ The Great Resignation resulted from employees realizing they disagreed with their workplace’s culture and mission. As time passed, workers shifted to a more realistic approach in selecting their employment.
✔️ When companies are true to their vision and mission, this encourages employees to stay longer. The interest to evolve and implement ESG platforms has reached organizational levels that have never been seen before.
✔️ How a business interacts internally attracts new talent. Modern employees consider things beyond the 8 hours when working for you.
Tori Reichman is a Founding Team Member and Chief Customer Officer in Vault Platform, where the vision is a world in which workplaces are inclusive, safe, and diverse. Vault’s mission is to provide companies with the world-class ethics and compliance tools they need, delighting them with innovative, simple, intuitive, and empathetic technology and surprising them with unrivaled customer support to help them achieve their goals.
—————————————————————————-
Do you have a podcast (or do you want to)? Join the only network dedicated to compliance, risk management, and business ethics, the Compliance Podcast Network. For more information, contact Tom Fox at tfox@tfoxlaw.com.
