Published July 23, 2021 | By Laura Drotleff
aking responsibility for your company’s environmental and social impact isn’t just a “nice to have.” In today’s business environment, it’s becoming a “must-do” that can dictate a company’s long-term success. That’s according to Marc Ross and Kim Napoli, two members of cannabis law firm Vicente Sederberg’s new environmental, social and corporate governance (ESG) practice. They say ESG is something companies need to measure and report. Regulators, investors and even consumers are starting to look more critically at the impact of companies’ environmental, social and ethical practices. Before companies were measuring ESG, they talked about corporate social responsibility, which is the cross-section of sustainability, community engagement, employee engagement and philanthropy, Ross said.“But missing from this is diversity, equity and inclusion, along with environmental compliance as part of sustainability,” Ross said.Social movements have expanded the conversation to include workplace diversity, equity and inclusion.
