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HomeHealth LawCrowell & Moring Survey Finds Corporations Are Setting Environmental Objectives, However Questions...

Crowell & Moring Survey Finds Corporations Are Setting Environmental Objectives, However Questions of Measurement Persist


A current survey of high decision-makers by Crowell & Moring finds that just about 80% of responding corporations have recognized and adopted environmental efficiency objectives past what rules require. Fewer than half of these surveyed measure their firm’s efficiency towards these objectives—and in some circumstances are experiencing challenges implementing them.

The survey of 225 respondents, together with in-house counsel and compliance, ESG, and sustainability professionals, is detailed in a brand new report, “ESG Survey: Environmental Efficiency and the Stakes for Your Enterprise.”

The report finds that 44% of respondents say their organizations are measuring their carbon footprint, and 13% are measuring their environmental affect on ethnically and racially numerous communities on an ongoing foundation. Each are prone to be key areas of focus of the present U.S. administration’s regulatory and enforcement actions.

The potential hole between setting environmental efficiency objectives and measuring progress towards them could not solely hinder an organization’s efforts, however can expose an organization to elevated dangers from a rising tide of regulatory enforcement and litigation from advocacy teams, customers, and traders. And given the intensifying aggressive stress to advance efficient ESG applications, such a spot may trigger corporations to fall behind their trade friends.

Different high findings within the report embrace:

  • In-house legal professionals much less bullish: Almost 90% of ESG and sustainability professionals surveyed stated their organizations have recognized and adopted environmental efficiency objectives past required compliance, in comparison with 49% of in-house counsel.
  • Prospects drive change: Half of the survey respondents stated that model picture and status amongst clients are driving their corporations to undertake environmental objectives.
  • Corporations are speaking: From ads to PR, corporations are sharing environmental efficiency knowledge past required disclosures, however in-house authorized departments could not at all times concentrate on it.
  • A majority of corporations don’t assess their carbon footprint: Amongst respondents, 56% stated their corporations don’t measure their carbon footprint. Of those who do, lower than half measure Scope 3 emissions, that are oblique and infrequently emerge from suppliers.
  • Measurement questions persist: Lower than half of respondents say their corporations are measuring in key areas, similar to product recycling, water use, and digital waste.
  • Management on board: Most respondents (82%) really feel their boards of administrators are adequately targeted on the atmosphere.

Discover the total report at Crowell & Moring’s ESG Useful resource Middle. And register for the webinar “ESG Survey: Environmental Efficiency and the Stakes for Your Enterprise,” to be held December 9 at 12:30 pm ET.

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