Trade Association Audits & Other Practical Steps

Yamika Ketu of the Ceres’ Accelerator for Sustainable Capital Markets

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On November 16, 2023, we spoke with Yamika Ketu of Ceres’ Accelerator for Sustainable Capital Markets to explore “Responsible Policy Engagement on Climate Change: Practical Steps for Addressing Misalignment.”

As investors continue to focus on climate change and a just energy transition, and California and the EU implement new Scope 3 reporting, companies are being pressed to develop concrete action plans to achieve their net zero or other environmental targets. Though these plans focus on operations, supply chains, and products or services, more and more firms are recognizing the importance of stable, aligned climate policy as a critical factor in reaching their stated goals.

Yet, in practice, responsible policy engagement for climate can be tricky. How do companies work with their trade associations in an aligned way? How do they balance climate priorities against other urgent policy issues? And what is the role of the Board in helping companies take a strategic, long-term approach to climate as a systemic risk?

In this module, we explore:

• What is a trade association audit and how does it work?
• What are some incremental steps companies can take to engage constructively with their trade associations?

The Corporate Political Responsibility Taskforce (CPRT)’s Expert Dialogues are in-depth, recorded conversations with academic experts, stakeholder advocates and business practitioners to provide our members and other CPR champions with the expertise and context they need to develop principled, proactive CPR strategies.We invite those interested in a constructive, non-partisan, principles-based discussion.

Yamika Ketu is a Senior Associate with Ceres Accelerator for Sustainable Capital Markets, an investor-driven initiative working to reduce the worst financial impacts of the climate crisis by transforming the practices and policies that govern capital markets, based on the Ceres Blueprint for Responsible Policy Engagement on Climate.

The full transcript for this module is available here. 

Keywords: #CorporatePoliticalResponsibility #CPRTrends #ESG #CPR_Responsibility