NECEC Member-to-Member Business Services
The Northeast Clean Energy Council has a disparate membership, including businesses that can provide crucial services to other businesses. We encourage members to collaborate as we build out a robust and diverse climate economy.
Environmental, social, and governance (ESG) criteria are increasingly being used to inform strategic goals, operational execution, and the reporting of sustainable business practices to key stakeholders. There is, however, considerable uncertainty surrounding the associated emerging risk implications, which could lead to areas of opportunity or threat, both requiring analysis, management, and reporting aligned with enterprise risk management (ERM) practices.
The ESG Risk Rating, developed by Marsh, is a complimentary self-assessment that enables companies to measure their organization’s environmental, social, and governance performance, improve their ESG risks, and gain access to risk and insurance benefits. Measuring against more than 10 internationally recognized standards and frameworks – including the Task Force on Climate-related Financial Disclosures, the Global Reporting Initiative, and the European Union Taxonomy for Sustainable Activities – The ESG Risk Rating scores an organization’s performance across 18 ESG themes.
Executives can use the ESG Risk Rating results to identify their organization’s most critical sustainability- and climate-related risks and opportunities, further develop enterprise-wide ESG strategies, and make more informed investment decisions. Companies can also choose to share that output with stakeholders, many of whom are becoming increasingly inquisitive and concerned about ESG risks in their portfolios.
The tool is free to use and can be accessed HERE.