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TheCorporateCounsel.net

A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.

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DealLawyers.com

An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.

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CompensationStandards.com

The “one stop” resource for information about responsible executive compensation practices & disclosure.

Section16.net

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Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.

PracticalESG

PracticalESG.com

Keeping you in-the-know on environmental, social and governance developments

The last count of ESG scoring methodologies/frameworks that I know of was around 600. That was mid 2021. So what’s one more? Institutional investor advisory Glass Lewis announced they are launching their own proprietary ESG scores. According to the company:

“…since the data is aggregated by Glass Lewis, and the ESG scoring methodology is owned by Glass Lewis, investors can use the underlying data and scoring in their custom policies (as an additional option)… The timely score summary includes a Board Accountability Score, an ESG Transparency Score, an ESG Targets and Alignments Score, and, for certain companies, a Climate Risk Mitigation Score. Covered public companies will have the opportunity to verify their ESG data through Glass Lewis’ Issuer Data Report program.” 

One unique aspect of Glass Lewis’ approach is that “updated proposal specific ESG data is provided to shareholders and to public companies in advance of their annual general meeting allowing for voting decisions and engagement to occur with timely data and research specific to agenda items.” It will be interesting to see how much company-generated ESG data changes between the time it is reported and when the AGM takes place. One possibly unintended consequence is that this could put additional pressure on companies to push ESG data out without internal validation – a problem that has been prevalent in company-generated ESG data but seems to be on a path of changing.

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The Editor

Lawrence Heim has been practicing in the field of ESG management for almost 40 years. He began his career as a legal assistant in the Environmental Practice of Vinson & Elkins working for a partner who is nationally recognized and an adjunct professor of environmental law at the University of Texas Law School. He moved into technical environmental consulting with ENSR Consulting & Engineering at the height of environmental regulatory development, working across a range of disciplines. He was one… View Profile