Research suggests a number of companies lack the right expertise at the Board and Executive level to adequately manage environmental, social and governance (ESG) risks and opportunities. Still companies face increasing stakeholder pressure from regulators, investors and customers to understand and incorporate new and emerging issues into core strategy.
Bill Cooper, Director of Emerging Issues and Reputation Management at Nutrien, a global agricultural company, explains how his team is building both competence and confidence at the Executive and Board level using Datamaran. Nutrien’s cross-functional team depends on Datamaran and the data-driven process it enables to identify, understand, and monitor ESG risks and opportunities. This covers a wide range of subject matter experts on Strategic Issue Teams from Investor Relations, Tax, Treasury and Risk, Sustainability and Stakeholder Relations, Government and Industry Affairs, Safety, Health and Environment, Brand and Culture Communications, as well as the Chief Integrity Officer and the ESG Working Group, which oversees the functional strategy.
With continuous, evidence-based insight into regulatory developments, industry practices, and media trends, Datamaran helps Nutrien’s cross-functional leadership develop a cohesive strategy and focus on what really matters. They gain clarity and confidence, as well as the efficiency needed to stay one step ahead of market developments.