NPV Associates

#ThrowbackThursday! Earlier in 2023, NPV Associates Partner Todd Cort wrote and edited "The Sustainable Corporation" with Travis Miller. Our other two partners, Sarah Gudernatch-Smith and Shyla John, also contributed their expertise to the chapter on ESG Marketing. The Sustainable Corporation is a guide for lawyers to effectively represent and advise their clients on the risks, opportunities, and rewards facing companies on important issues such as environmental impact, social responsibility, and corporate governance. The guide defines, explains, and provides strategies for a "business centric" approach to ESG for the corporation. Find it on Amazon here, and let us know your thoughts!? https://lnkd.in/edbt9efC

One size doesn't fit all when it comes to #assurance. With the recent introduction of the?International Auditing and Assurance Standards Board (#IAASB),?International Standard on Sustainability Assurance #ISSA5000, there is another standard for #CSR #ESG teams to consider.?How do you choose the standard that's right for you? "For the time being, it will be open to companies seeking assurance as to whether they will ask for the new ISSA 5000 standard or stick with an existing standard like to ISAE 3000. The ISSA 5000 has issued guidance to describe the alignment to ISAE 3000, so if a switch is made, the implications should be clear. Further, the ISSA 5000 can be undertaken by any assurance provider and so most providers that provide IAE 3000 or AA1000AS assurance will likely be able to provide assurance under the new standard. So why shift? Over time, the ISSA 5000 should replace the ISAE 3000 and companies may want to get a jump on this transition. Another reason to switch might be because the jurisdiction in which the company operates mandates the ISSA 5000. Overall, the ISSA 5000 is built to improve consistency in assurance approach by better defining the scope and boundary of information that would be included under the auspices of the assurance. For this reason, we expect that investors that rely on ESG information are likely to lean toward the ISSA 5000 over time." Todd Cort NPV Associates Founder If you're looking for the #assurance approach that is best for you, we can help.? DM us, reach out here or contact us at https://lnkd.in/eW7YM73E https://lnkd.in/e3kZ4rGd

As reporting season is kicking off for many, the Workiva 2024 #ESG Practitioner Survey is a great resource for the trends shaping this year and those to come. The survey includes more than 2,000 finance, #sustainability, and risk professionals – gauging their perspectives on ESG and #integratedreporting.? Highlights include:? ? 88% of practitioners agree that having a strong ESG reporting program will give their organization a competitive advantage. ? Compliance is a top ESG reporting concern for practitioners, and the volume of requirements is a top concern to achieving compliance.? ? Assurance creates accountability, which drives performance; 88% of ESG practitioners believe that assurance over ESG data increases the likelihood that a company will achieve its goals. ? 88% of institutional investors are more likely to invest in companies that obtain assurance of ESG data. ? 69% of all ESG practitioners worldwide say disclosing sustainability strategy under the CSRD is challenging – however – 81% of all practitioners who aren’t required to comply with the CSRD still plan to align all or part of their reporting strategies with the mandate. If you have questions about your #ESGreporting or #assurance strategies for the coming year, when and how to prepare for implementing #CSRD #ISSB #IFRS S1 & S2 and others we can help. DM us, reach out here or contact us at?https://lnkd.in/eW7YM73E. https://lnkd.in/eeeeAnNK

How is #climatechange reshaping portfolio investment strategies? "More often than not, there is a presumption that fiduciary duty translates to maximization of return at the expense of environmental impact, but the paper exposes this as untrue.” Read more in this?article summarizing an?@Nature?study co-authored??by NPV Associates founder Todd Cort?with lead author?Emil M. and co-authors Jennifer Marlon, Anthony Leiserowitz and Matthew Goldberg:?https://lnkd.in/eWbHa9fT

Last week California's #climate bills cleared one legal hurdle taking us closer to the reporting requirements beginning in 2026. Do you understand how these laws impact your business and where you need to prepare? If you're getting ready to respond to #SB253 and #SB261 we can help: - Readiness assessments that help you clearly see your gaps, pinpoint priorities, and understand where to leverage your existing disclosures, such as TCFD, to respond as efficiently as possible - Peer and scenario benchmarking? - Action plans to close gaps ahead of the disclosure deadline - Drafting #SB261 responses ? Reach out to us here or at https://lnkd.in/eW7YM73E

Check out our founder Todd Cort's latest discussion on Senthil Nathan's podcast about all things #ESG.

For this #FlashbackFriday, we’re turning the clock back to February and celebrating our founder Todd Cort for being named to the Thinkers50 Radar list. This collection brings together 30 up-and-coming thinkers whose work will make “an important impact on management thinking in the future.” Check out the write-up below, which includes links to some of Todd’s recent research: https://lnkd.in/df-x2Z3h

NPV Principal Todd Cort was interviewed by the Financial Times last month for a new article about ESG-focused equity funds. Although investors have withdrawn from ESG funds over the past year, Todd argues that they still recognize the underlying sustainability challenges—whether they use the term “ESG” or not. “Behind the curtain, there will be substantially more effort by investors to understand environmental and social risks,” he said. “That will continue to grow, and I actually don’t care too much if we continue to call it ESG.” Check out the full article here: https://lnkd.in/d7UXKTR4

We'd like to highlight and congratulate a few of our amazing clients on the release of their 2023 sustainability reports. We’re proud to be a small part of your sustainability and reporting journeys, and we’re grateful for the chance to have spent this spring and summer with you on so much interesting work. Check out a few of the reports: - CooperCompanies: https://lnkd.in/dawZ3jac - Gen: https://lnkd.in/ge9XhJcR - Forbright Bank: https://lnkd.in/guFG45uY - Palo Alto Networks: https://lnkd.in/g4Pzixuq - SurveyMonkey: https://lnkd.in/g-XjGgy8 As we gear up for fall and winter cycle reports, let us know if you’re looking for a partner.

NPV Founder Todd Cort gives his thoughts on the push and pull of #ESG in the wake of the Chevron decision. Read more: https://lnkd.in/guHhFReM