ESG Program

Environment, Social, Governance

Environment

Social

Governance

State Service created an Environment, Social, Governance (ESG) program to leverage 40+ years of operating history to assist in guiding present and future business decisions.
State Service did not have to “recreate the wheel” to formulate an ESG program, but simply created a “map” in order to link existing procedures into an ESG program that is easily defined, measured and valued.
This “mapping” can be modified, if needed, for audit specific requirements.

State Service has extensive, existing standard operating procedures as well as risk identification / management tools that are included in the Environment, Health & Safety (EHS) program as well as the Quality Management System (QMS) all of which are documented and regularly audited. Components of both the EHS program and QMS were “mapped” into an Environmental, Social Governance (ESG) program.

These standard operating procedures, EHS program and QMS can be modified to meet client specific requirements.

Co-authored by Cornerstone Government Affairs and ValueScope, Inc. offers, in part, the following:

Environmental, Social, Governance or “ESG” is…driving business decisions, impacting corporate structures and organizational charts and is having a profound impact on investment decisions…the global pandemic and economic crisis has accelerated the drive by companies to establish ESG programs, and report ESG metrics as they seek ways to attract investment capital and demonstrate rigorous ESG risk management in their organizations.

Before you can value something…you must define it…it must be measured in a way that is transparent, auditable, and objective…the valuation should utilize vetted, established, and customary valuation techniques and metrics that have been used for years to value businesses and assets for decades. There is no need to ‘reinvent the wheel’.

ESG: A Valuation Framework (valuescopeinc.com)

State Service selected features of the SASB Materiality Map® published by the Sustainability Accounting Standards Board (SASB) as a framework to “map” components of State Service’s existing operating procedures into an ESG program.

The SASB Materiality Map® identifies sustainability issues that are likely to affect the financial condition and operating performance of companies.