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  • Home
  • About
  • Podcast
    • Summaries
    • Articles
  • Invoice Finance
    • Basics
      • What is Invoice Finance?
      • What is Reverse Factoring?
      • What are Trade Receivables?
      • What is the Cash Conversion Cycle?
      • What is Days Inventory Outstanding?
      • What is Days Sales Outstanding?
      • What is Days Payable Outstanding?
    • Advanced
      • Invoice Validation and Fraud Detection
      • Reasons Why Invoice Finance is Better than a Bank Loan
      • How to Choose the Right Factoring Firm for Your Business
      • A Closer Look at Factoring Agreements
      • What is Trade Receivables Securitisation?
      • Breakdown of the Costs for Factoring
    • Factoring
      • Why Companies Use Invoice Factoring
      • What Companies are Suitable for Invoice Factoring?
      • Factoring and Invoice Discounting
      • How Factoring Works
      • Asset Based Lending
      • Is Factoring Right for Your Company?
      • Accounting for Factoring
      • How a Company Enters into a Factoring Agreement
      • The Costs Involved in Factoring
      • Changing Factoring Company
      • The Relationship Between the Factoring Company and the Debtor
      • Legal Aspects of a Factoring Company Pursuing Payment Through the Courts
      • Factoring in the Construction Industry
    • Fraud
      • Types of Invoice Fraud
      • How to Combat Invoice Fraud
    • E-Invoicing
      • Legal Status of Electronic Invoicing
      • The Benefits of E-Invoicing
      • Implementing an E-Invoice System
      • E-Invoicing Adoption in Mexico and The Rest of the World
  • Brokers
    • UK Brokerage Firms
  • Factoring Firms
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      • Holland
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      • Transforming Trade Finance: The Role of AI
      • The Different Programming Languages Used in Fintech Companies and Financial Institutions
      • UK and US Authorities Intervene in AI Sector
      • Web3 Applications and the Future of Trade Finance
      • What is Web 3?
      • What Can Fintech do for You?
      • What is Fintech?
      • Tokenisation of Finance
      • Payment Services in the Invoice Finance Sector
      • What is ChatGPT and Why the Fuss?
  • Rating Agencies
  • Securitisation
    • Deal Arrangers
    • Book Runners
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      • The Roles of Deal Arrangers and Book Runners in Securitization
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      • The Appeal of Trade Receivables Securitisation
      • Risk Mitigation for Trade Receivables Securitisation
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      • How are UK Factoring Firms Regulated?
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      • Credit Suisse Bailout
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Home ESG

ESG_VC Measurement Framework

Nick Chiara & John Goodden by Nick Chiara & John Goodden
June 7, 2023
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ESG VC Measurement Framework
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Download file | Play in new window | Duration: 5:35 | Recorded on January 30, 2023

Value Portal are a company that have designed the ESG_VC Measurement Framework to help nascent companies assess how they are performing in the three key areas of ESG, namely environment, social and governance. The framework consists of 53 questions, the answers to which will enable companies to establish how well they are doing with ESG matters and how they can move forward with improving those scores. Once the scores are submitted, they are rated in terms of stars ranging from one star to four stars to determine a company’s performance in terms of ESG. This article will look at the questions covered by this framework in order to better understand how a company can improve its ESG profile.

Environmental Measurements

The first section is about measuring your carbon footprint as a company and does your company have a policy in place to achieve net zero? And if so, how is the company carbon footprint monitored.

The next group of questions is about air pollution. Does the company have a policy regarding using public transport to reduce car fumes? Is there a sustainable travel policy in place? Are there any plans to electrify the company fleet of vehicles?

The third section is about recycling and reusing packaging and waste. This is referred to as the ‘circular economy’ whereby materials can be reused or repurposed.

After recycling the questions focus on procurement. These questions are to nudge companies into using local companies so transport carbon emissions are reduced. It also asks if the company uses suppliers that have screened themselves for carbon efficiency.

Social Measurements

The first tranche of questions in this section focuses on parental leave for new parents.  Does the company offer more leave than the statutory requirements in the law? And are there any work initiatives to help employees get back to work after having a baby?

The next area scrutinised under the social section is diversity. Companies wanting to complete the ESG_VC Measurement Framework need to run a survey of staff to see how they identify. Diversity focuses on making sure women, LGBTQ+ people and under represented ethnic minorities make up part of the work force. Just employing white, straight males produces a very low score in the social section.

Following on from this topic the framework asks what diversity training is given to staff, what facilities do they have for promoting diversity (such as wheelchair access), and what recruitment initiatives are there to employ more people from minority ethnicity backgrounds.

The next set of questions focus on staff wellbeing. Are the staff paid a living wage? Do they have health insurance through the company? Are there any policies regarding supporting staff with mental health issues? And what financial help is there for staff who are studying or upskilling as part of their job remit?

The final part of the social section looks at how a company helps their local community either in donations or staff time spent on community projects.

Governance

Governance is concerned with a company operating ethically and responsibly. Questions look at the composition of the board and if there are any independent members sitting on the board. How often does the board meet? And does the board often broach the topic of sustainability?

Following on from this topic, are questions dealing with the gender pay gap.

The next area of concern is data storage of customer details, GDPR regulations and cyber security. Good governance needs to have digital protocols in place regarding protecting privacy, securing data and giving direction over the use of AI and machine learning.

The final section in the governance part of the framework is about policies that are in place. This section captures much of the essence of the earlier questions. Are there company policies regarding such topics as ESG, diversity, remote working, anti-corruption, whistle-blowing, work place harassment and good business practice?

Summary

The ESG_VC Measurement Framework provides a comprehensive and systematic way of assessing and improving a company’s performance in terms of ESG factors. Some of the questions are easier to answer than others. For example, it is easier to count how many people in an office identity as LGBTQ+ than to determine the carbon footprint of a company. However, the road map is clear from this framework as to what companies need to do to get a better ESG score. Owners and shareholders might not like the costs involved in electrifying company vehicles, offering more paternity leave or giving a board seat to an independent member but these are the actions that are needed to slow down climate warming, fight social injustice and promote a sustainable vision for the future of not only business but also the planet.   

Tags: air pollutionanti-corruptioncarbon footprintdiversityESG_VC Measurement Frameworkgender pay gapliving wagemental healthparental leaverecyclingremote workingsuppliersValue Portalwheelchair accesswhistle-blowing
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  • Home
  • About
  • Podcast
    • Summaries
    • Articles
  • Invoice Finance
    • Basics
      • What is Invoice Finance?
      • What is Reverse Factoring?
      • What are Trade Receivables?
      • What is the Cash Conversion Cycle?
      • What is Days Inventory Outstanding?
      • What is Days Sales Outstanding?
      • What is Days Payable Outstanding?
    • Advanced
      • Invoice Validation and Fraud Detection
      • Reasons Why Invoice Finance is Better than a Bank Loan
      • How to Choose the Right Factoring Firm for Your Business
      • A Closer Look at Factoring Agreements
      • What is Trade Receivables Securitisation?
      • Breakdown of the Costs for Factoring
    • Factoring
      • Why Companies Use Invoice Factoring
      • What Companies are Suitable for Invoice Factoring?
      • Factoring and Invoice Discounting
      • How Factoring Works
      • Asset Based Lending
      • Is Factoring Right for Your Company?
      • Accounting for Factoring
      • How a Company Enters into a Factoring Agreement
      • The Costs Involved in Factoring
      • Changing Factoring Company
      • The Relationship Between the Factoring Company and the Debtor
      • Legal Aspects of a Factoring Company Pursuing Payment Through the Courts
      • Factoring in the Construction Industry
    • Fraud
      • Types of Invoice Fraud
      • How to Combat Invoice Fraud
    • E-Invoicing
      • Legal Status of Electronic Invoicing
      • The Benefits of E-Invoicing
      • Implementing an E-Invoice System
      • E-Invoicing Adoption in Mexico and The Rest of the World
  • Brokers
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      • The 7 Types of AI and Their Implications for the Future
      • Transforming Trade Finance: The Role of AI
      • The Different Programming Languages Used in Fintech Companies and Financial Institutions
      • UK and US Authorities Intervene in AI Sector
      • Web3 Applications and the Future of Trade Finance
      • What is Web 3?
      • What Can Fintech do for You?
      • What is Fintech?
      • Tokenisation of Finance
      • Payment Services in the Invoice Finance Sector
      • What is ChatGPT and Why the Fuss?
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    • Book Runners
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      • The Roles of Deal Arrangers and Book Runners in Securitization
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      • The Appeal of Trade Receivables Securitisation
      • Risk Mitigation for Trade Receivables Securitisation
  • Legal
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      • A Guide to Accounts Receivable Purchase Agreements and Invoice Discounting Agreements
      • The Challenges of KYC and AML Checks
      • What is The Model Law on Electronic Transferable Records (MLETR)?
      • Snapshot of Factoring Legal Schemes in England and Wales
      • How are UK Factoring Firms Regulated?
      • What is ISO20022 and Why is it Important?
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      • The Collapse of the Russian Rouble: An Historical Analysis and Current Implications
      • The Current State of the UK Economy
      • Economic Forecast for the UK in 2023
      • Economic News for 2022
      • Financial Crisis or Not?
      • Credit Suisse Bailout
  • Credit Insurers
    • Credit Insurers
    • Articles
      • Credit Insurance Legal Aspects
      • Credit Insurance in Trade Receivables Financing
      • The Benefits of Credit Insurance in Invoice Finance
      • Eligibility Requirements for Capital Relief by Using Credit Insurance
      • What are Export Credits and Country Risk Classifications?
      • How the War in Ukraine Affects the Price of Credit Insurance for Trade Finance
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    • The DeFi Revolution
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    • Taxonomy of Crypto Assets
    • Crypto Currencies
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