Fenwick’s guide to companies on how to develop disclosure controls and procedures for ESG information and associated board oversight covers all of the basics including data gathering, review, and verification; policy/procedures documentation; third-party assurance; management ESG committees or other oversight structure; coordination with the company’s SOX disclosure committee, and more. Noting that many management-level ESG committees have committee charters, the firm suggests such a charter may cover committee membership and leadership; meeting frequency and reporting; and duties and responsibilities, which may include:See these sample management-level ESG charters: TriMas | Radian | Extended Stay America.
See also these recent jointly authored Society publications: Skadden Arps/Society: “Enhancing Disclosure Controls and Procedures Relating to Voluntary Environmental and Social Disclosures” and Society/Thompson Hine: “ESG Governance: Board and Management Roles & Responsibilities.” This post first appeared in the weekly Society Alert!