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  Leadership in ESG Integration

A study into board oversight, implementation and disclosure.

WHAT IMPACT DOES ESG HAVE ON YOUR COMPANY?

Environmental, social and governance issues have rapidly risen up the board agenda and continue to evolve. A stream of new regulation around climate change mitigation, bring new responsibilities, risks and opportunities for companies.  

How ESG is framed within the board, which issues take priority and how they are integrated into corporate strategy is a challenge for business leaders across industry. Companies increasingly showcase their ESG credentials, but what is the reality? To what extent, and how effectively is ESG being integrated into the corporate strategy of PNG companies?

The IDAPNG with our research partner Deloitte, the international audit, tax and advisory firm, is conducting a major new study into how boards are approaching ESG – it will reveal the challenges business leaders are finding most difficult and, crucially, the real progress being made on integration by listed companies, public interest entities, and privately owned firms in Papua New Guinea. 

How corporate boards and senior management are integrating ESG into company policy is the subject of a new study. The research will reveal the challenges business leaders are finding most difficult and, crucially, the real progress being made by listed companies, public interest entities, and privately owned firms. 

How far boards and senior management are taking stock of ESG, the real difference its making to their corporate strategy and policies, will provide a useful benchmark for leadership teams about an issue that has rapidly grown in significance across industry in Papua New Guinea.

We very much hope you will be interested in taking part. Individual responses to the survey will be kept confidential and it takes no more than 10 minutes to complete. The findings of the survey will be shared with Members in the coming weeks.

Please take a few moments to participate in the online survey below.

Thanks very much, The IDAPNG team 

ESG SURVEY

The survey has 5 qualifying questions and then 23 questions specifically on ESG, and should take no more than 10 minutes to complete. This survey is open to respondents who work for firms with headquarters or subsidiaries based in Papua New Guinea.

(If you happen to be a board member on more than one company you are welcome to fill in this survey multiple times. Please note, you will need to complete & submit each survey in full each time)

Your industry and location

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2. Do you work in a PNG based company?

Your organisation and role

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5. What is the annual financial turnover of the organisation you work for?

Survey questions

6. Our board is engaging with ESG issues because it believes these issues are increasingly material to the business.
7. Our board is experiencing pressure from stakeholder groups to improve its performance on key ESG issues.
8. If your board is experiencing pressure from stakeholder groups - please select any which apply.
9. Our board fundamentally reviewed its company mission / purpose specifically due to ESG concerns in the last 5 years.
10. Our board reviews risk management processes to ensure material ESG factors are accounted for.
12. Our board has a policy for stakeholder engagement that feeds into ESG.
14. Our board has published an ESG or sustainability policy, or something similar.
16. ESG issues are routinely discussed at board meetings and given sufficient time.
18. Our board has access to specialist external advice on ESG issues where this is deemed necessary.
20. Our board understands the actions needed for the organisation to achieve NetZero.
11. Our board has overseen changes to the organisation's supply chain as a result of ESG due diligence.
13. Our board has approved executive compensation that includes ESG criteria.
15. Our board has a formal structure for ESG governance.
17. Our board has sufficient competencies, skills and understanding with regards to ESG.
19. Our board has made efforts to link ESG strategy to the business' commercial goals.
21. Please select any of the following groups the board has made efforts to engage and consult on ESG issues.
22. Our organisation's ESG monitoring and reporting is already of a high standard and is continuously improved.
24. Our board has information gaps in its ESG disclosures.
25. If there are gaps in your board's ESG disclosure, where do you perceive these to be? Please select any of the options below.
26. Our board employs an independent auditor to assess the business' ESG activities.
23. Our board is receiving adequate ESG data and information from management and internal sources to fulfil its ESG responsibilities.
27. Please select any of the following frameworks and standards that your board has signed up to or intends to sign up to within the next 12 month? (Select any which apply)

Thank you for your participation!

Your input is very much appreciated. A detailed report, based on the results of the survey will be available at the end of 2023.

Yours in governance, the IDAPNG team.