In this episode, Lyndsey talks with Marie-Josée Privyk, Head of ESG Innovation and Customer Success at Novisto Inc.. Marie-Josee is an extensive ESG Advisor to companies and investors with nearly 30 years of experience in capital markets. Their conversation of this episode focuses on various topics on today’s ESG reporting and compliance standards, challenges for companies, and directions for future regulatory development and ESG reporting trends. Conversation Highlights Overall landscape of sustainable reporting today Fast growing and increasingly changing ESG reporting and compliance (6:00) Difference between Sustainable Reporting and ESG Reporting (9:40) The top challenges for corporates for sustainability reporting Challenges on “What”  (11:20) Challenges on “How” (13:20) Challenges on “Improvement” (14:20) Reporting Frameworks and Standards Two Main Standards (GRI and SASB) and their different focus (15:15) Frameworks - TCFD, a high level framework could apply to any sustainability (17:10) Frameworks - Integrated reporting framework – requires integrated thinking (18:00) ESG reporting standards for corporate and for investors Parallel reporting standard but related (19:30) PRI Signatories for investors – more pressure on investor increase pressure to companies (20:20) Why should companies improve ESG performance and reporting? Operating, risk mitigation, Lower cost of capital, enterprise value creation (23:00) ESG reporting pressure to private-owned or family-owned companies (25:00) Pressure from other stakeholders for companies’ ESG performance (26:20) The direction of companies’ sustainable (ESG) reporting journey Fast-pace evolving, increasing clarity, increasing regulation (29:20) Company’s understanding about “Why” helps adopting the process (30:30) Requirement of collective efforts (31:30) Regulatory development trend for different stage of companies Regulation difference is not necessary (33:00) Industry differentiation has two sides thoughts at the moment – a hybrid model might work better (34:30) Best approach to build sustainable strategy Board and C-Suite role to understand ESG and its relationship to the company (36:30) Max ESG rating vs. underlying research information (38:30) Doing it for real! Future forward looking – Digital revolution efficient ESG data collection and analysis (40:30) Guest Contact Information Marie-Josée Privyk marie-josee.privyk@novisto.com