Led by Satyajit Bose, and sponsored by ESG Analytics, the Earth Institute Research Program on Sustainability Policy and Management created a benchmarking methodology for a scoring model for users of environmental, social, and governance (ESG) data available on Bloomberg terminals. The model facilitates analysis, comparison, and scoring of publicly listed companies on relative ESG performance. We have collaborated with ESG Analytics to develop a statistical methodology for the assessment framework. This research has enabled ESG Analytics to develop the software application that provides users with critical ESG information relevant to investment decision-making.
The Earth Institute Research Program on Sustainability Policy and Management conducted a project for the Institute for Sustainable Communities (ISC) with the aim of advancing our collective state of knowledge about Environment, Health & Safety (EHS) training programs.The Research Program conducted a review of ISC’s EHS+ training program with a primary focus on the training program’s existing approach of relying on leadership and advocacy of trainees to affect EHS change on the factory floor. The review identified metrics and tools that could be used to assess the success of the program in terms of its effect on program participants, and in turn, on the factory floor. This research included a literature review that focused on EHS programs and relevant and similar training programs in China and elsewhere in the world, onsite visits to ISC’s EHS+ training facilities, and interviews with training participants.
The potential tradeoff between the twin goals of reducing environmental impact while maintaining growth will require China’s cities to evaluate the economic impact of urban pollution at the local level. Using economic input-output analysis, city-level indicators of economic activity and environmental impact, and available estimates of the benchmark relationships between output and pollution by sector, we outline a method to quantify–in monetary terms–the marginal damages of air pollution by sector at the city level. By applying the framework of environmental accounting to the pilot case of Jiyuan, a small city in Henan province, we demonstrate a method for local public agencies to facilitate administrative tracking of monetized air pollution based on underlying economic activity, and outline a minimum set of metrics which a small city in China must track in order to estimate the monetized damage of air pollution by sector.