Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Today’s guest is Lisanne Sison, Managing Director for the ERM and ESG practice at Gallagher and a member of the RIMS Strategic and Enterprise Risk Management Council. In this interview, Lisanne and Justin discuss Earth Day, April 20th, and the growing importance of ESG in light of climate change. Everyone needs the earth, so we need to invest in keeping it in good condition. They examine how organizations can set ESG goals and report on them to boards using stories to clarify the metrics. They conclude with an advance look at the April 20th RIMS webinar where Lisanne is a panelist: ESG and Climate Resilience, sponsored by Gallagher.   Key Takeaways: [:01] About RIMScast. [:27] Today’s topic is ESG, in honor of Earth Day, April 20th, and we’ll be joined by Lisanne Sison, Managing Director for the ERM and ESG practice at Gallagher and a member of the RIMS Strategic and Enterprise Risk Management Council. [:45] All about upcoming RIMS webinars, workshops, events, and more! [1:26] About RIMS-CRMP. [1:40] About RIMS-CRMP-FED. [2:14] About RISKWORLD 2023 with closing keynote speaker Danica Patrick! [2:54] About today’s episode on ESG for Earth Day, with Lisanne Sison. Lisanne will also be a panelist on the April 20th RIMS webinar sponsored by Gallagher. [3:32] It will be Earth Day on April 20th. Lisanne says every day should be Earth Day! We need it constantly, and it makes sense for us to make an investment in the earth. [4:24] Lisanne is Managing Director for ERM and ESG with Gallagher. [4:44] Lisanne tells how ERM looks at climate change. There is more focus on the importance of climate to everybody. Our clients deal with real risks that science associates with climate change. More stakeholders are interested in it now. [5:48] How climate change will be tied to reputation and brand and will have a financial impact. There will be accounting for carbon emissions. Lisanne hopes we get more structure and consistency on how we are expected to report on them. [6:41] ESG is big. Lisanne starts with the strategy. What are your goals for the organization specific to climate and the environment? How do you set the metrics? [7:15] Next is how to translate the goals and metrics to a communication with the board. Lisanne lists three buckets of carbon emissions as Scope 1, on-site activities; Scope 2, purchased energy; and Scope 3, upstream and downstream impacts. [7:48] A board will expect to see your goals reporting separated into these scopes. Your metrics track energy, water, materials, and food your organization uses and the wastes it produces. You want to be able to report usage is going down. [8:43] You want to be able to show your costs going down with usage. Measure performance against the goals that you set. Show the impact on the value your goals are producing. [9:18] RIMS plug time! Sponsor a weekly or dedicated episode of RIMScast! Contact us at pd@rims.org. Register for RISKWORLD 2023, and workshops before RISKWORLD. [10:23] Justin revisits his interview with Johnny C. Taylor Jr., President and CEO of SHRM, about what Johnny has in store during his opening keynote at RISKWORLD. It relates to COVID-19! [12:12] About awards and additional RISKWORLD keynotes, including Danica Patrick! [12:45] Storytelling and the methods of storytelling are extremely important when reporting to the board! The three buckets example is useful. Start with water. [13:58] How can we manage the risks effectively? [14:02] About the RIMS April 20th Webinar on ESG and Climate Resilience, Sponsored by Gallagher. Lisanne is on the panel and tells us what we can expect from this session. There will be several Gallagher experts, including Steve Bowen and Natalie Douglass! [14:48] The webinar goal is to show why ESG is important and what risk managers need to know now and in the future. [15:05] Happy Earth Day coming up! Justin thanks