The Challenge: Staying on Top of a Shifting ESG Landscape
A vital part of Nash’s role is staying abreast and ahead of that fast-moving and shifting landscape: the latest trends, news, and industry standards in the global ESG landscape.
“The challenge for us was, how do we stay on top of all those changes and what's coming down the pipeline? As much as we tried to carve out time to read up on the ever-changing landscape, it was a losing battle,” he says.
His concern wasn’t about missing important developments. Between industry associations and stakeholders, the team hears about developments either way. “The question is, can you pick it up in a timely manner so it's actionable? Or does it become another fire that you have to put out?” Nash says. “We needed something to give us a succinct overview of what's coming and, at the very least, point us in the right direction if we needed to go find more information.”
The Solution: the FiscalNote ESG Monitor
Nash and his team found the perfect solution in the FiscalNote ESG Monitor Service, a monthly comprehensive report that summarizes and analyzes evolving ESG issues from around the globe with insights from our experts from Oxford Analytica, EU Issue Tracker, CQ, and FiscalNote Professional Services. The report provides insight into industry trends, latest news, and frameworks and standards monitoring across the ESG landscape.
“It makes it easier to pinpoint what the trends are and identify the topics that we need to monitor,” says Nash. “The great news about the ESG Monitor report is I'm not the only one getting it; it's also other functions like government affairs, our operations group, and our environmental group. Members of the Global Sustainability Council are also seeing it, which means that the topics that maybe aren't as critical to me but are important to them are still getting identified.”
Insights from the FiscalNote ESG Monitor Service allow Ingredion’s leaders to learn about ESG developments as they happen, have enough time to absorb them, and turn trends and upcoming requirements into opportunities to act. “Knowing about it ahead of time and being able to take action means that not only are we putting our company in the right position, but we're in a position to help our customers who are also dealing with some of the same issues.”
The FiscalNote ESG Monitor Service also includes quarterly calls with experts in the field to help Ingredion tailor its ESG strategies and response.
“What was really great about that call is that, sometimes investors ask us about different topics or the same topics from a slightly different lens. We used that call to help us understand what is really important in the investment community and how our current communications are aligned with expectations on the information we report,” says Nash. “That was really helpful in getting more clarity around what's coming out of the investment community.”
The 2030 All-Life Plan & Annual Reports
Ingredion’s 2030 All-Life Plan is a 10-year sustainability plan launched in 2020 as an update to the organization’s previous strategy. It's designed to push Ingredion in a direction that will make it an even more sustainable company and a more competitive supplier, aligning with external benchmarks such as the United Nations’ Sustainable Development Goals, SASB, and the Global Reporting Initiative.