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S2 Ep3 ESG - Environment, Social, Governance Policies Come to Government
Federal mandates include Environment, Social, and Governance (ESG) policies. Like many federal initiatives they provide broad guidance and enacting these lofty goals can be difficult.
Today’s interview looks at leaders from the federal government, state, and local who share ways they have been able to include ESG goals in their organizations
Two of the people in the podcast are from California. Traditionally, California has been a leader in these efforts for decades. Andrew Collins, from the San Francisco Employee’s Retirement System, really sums up the challenge. Because he has a fiduciary responsibility to the people who retire, he tries to meet ESG goals, but must include risk management along with seeking opportunities for ESG characteristics.
The world of finance and investment is full of metrics. One challenge the discussion participants discussed is how to measure whether investments include climate change or even social equity goals. Brian Rice from the California State Teachers’ Retirement Funds lets listeners know about the 25 risk factors included in the evaluation his group uses.
Most people know that the National Science Foundation provides grants for a wide variety of needs. In response to a recent Executive Order indicating that ESG goals must be included in grant approval, the NSF has taken a slightly different tack than the state and local groups.
The NSF is looking at geographic targets for development well. For example, they are trying to create geographically diverse communities for investment in the NSF project. The idea is that no equity is accomplished if only one area has all the innovation. They layer ESG goals on top of this regional approach.
One innovation from the NSF is to create a repository of information about technology projects. For example, if a person is seeking funding for a specific biotechnology project, they can easily see where similar innovators are considering launching companies. This eliminated duplicative efforts and allowed for collaboration beyond one’s locale.
According to a recent survey from KMPG, ESG considerations about ESG are reflected in these recent Executive Orders. Results indicate 70% government should take a role in solving environment and social issues
ESG is an issue that is challenged with the balance of social goals while maximizing financial value creation. This podcast is a great introduction to practical ways to comply with ESG demands.
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By FedInsider
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Federal mandates include Environment, Social, and Governance (ESG) policies. Like many federal initiatives they provide broad guidance and enacting these lofty goals can be difficult.
Today’s interview looks at leaders from the federal government, state, and local who share ways they have been able to include ESG goals in their organizations
Two of the people in the podcast are from California. Traditionally, California has been a leader in these efforts for decades. Andrew Collins, from the San Francisco Employee’s Retirement System, really sums up the challenge. Because he has a fiduciary responsibility to the people who retire, he tries to meet ESG goals, but must include risk management along with seeking opportunities for ESG characteristics.
The world of finance and investment is full of metrics. One challenge the discussion participants discussed is how to measure whether investments include climate change or even social equity goals. Brian Rice from the California State Teachers’ Retirement Funds lets listeners know about the 25 risk factors included in the evaluation his group uses.
Most people know that the National Science Foundation provides grants for a wide variety of needs. In response to a recent Executive Order indicating that ESG goals must be included in grant approval, the NSF has taken a slightly different tack than the state and local groups.
The NSF is looking at geographic targets for development well. For example, they are trying to create geographically diverse communities for investment in the NSF project. The idea is that no equity is accomplished if only one area has all the innovation. They layer ESG goals on top of this regional approach.
One innovation from the NSF is to create a repository of information about technology projects. For example, if a person is seeking funding for a specific biotechnology project, they can easily see where similar innovators are considering launching companies. This eliminated duplicative efforts and allowed for collaboration beyond one’s locale.
According to a recent survey from KMPG, ESG considerations about ESG are reflected in these recent Executive Orders. Results indicate 70% government should take a role in solving environment and social issues
ESG is an issue that is challenged with the balance of social goals while maximizing financial value creation. This podcast is a great introduction to practical ways to comply with ESG demands.