Consultant Recaps Current ESG Trends at CalChamber Board Meeting
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Miriam S. Wrobel, senior managing director leading the global Environmental, Social and Governance (ESG) practice for FTI Consulting, gives the CalChamber Board of Directors an overview of politics, litigation and best practices related to ESG at the board’s March 8 meeting. European regulation is driving much of FTI’s work, she says, particularly helping non-European Union companies get ready for upcoming reporting requirements. A major challenge, says Wrobel, is that companies have not been collecting and managing nonfinancial data in the same way as financial data, so pulling together all the required information from different segments of the company can be a “massive lift.” For some companies, the pending reporting requirements may necessitate a shift of resources away from action initiatives to data management to establish a baseline.
