ESG Summit: Adapting businesses should look beyond what is financially material


The vice president of internal audit and enterprise risk at aerospace giant Lockheed Martin explained how businesses must form resilience as they prepare for future risks regarding environmental, social, and governance during a session at Compliance Week’s virtual ESG Summit.

Christopher Geiger broke down ESG into an easily digestible wheel, designating what to keep in mind when thinking of issues in each space.

Environmental, as many would expect, covered climate-related elements, including carbon, energy, water, waste, and circularity. Diversity and inclusion, workplace safety, data privacy and protection, and customers and community fell under social. Governance claimed ethical business practices, board structure, disclosures and reporting, and executive compensation.

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