Environmental, Social and Governance Advisory Board

The Security Industry Association (SIA) Environmental, Social and Governance (ESG) Advisory Board, announced in 2023, is intended to encourage greater information sharing among SIA members – and their partners and customers – about established environmental, social and governance practices. The ESG Advisory Board serves as a platform for dialogue about these critical marketplace issues, which may lead to enhancing ESG strategies to meet customer expectations, global ESG standards, investor interests and government requirements. Potential activities for the board may include:

• SIA facts sheets/briefings summarizing key provisions of globally recognized socially responsible practices such as the UN Global Compact
• Case studies of proven ESG practices that may be shared with consumers, security practitioners and potential employees
• Thought leadership to security practitioners about managing ESG threats related to enterprise security
• Recognition of members that achieve defined ESG goals established by the advisory board
• Educational sessions at ISC West and other industry events
• A SIA-promoted industry community service day

What Is ESG?

There is no set standard for what ESG is. It’s a concept! It refers to a collection of corporate performance evaluation criteria that assess the robustness of a company’s governance mechanisms and its ability to manage its environmental and social impacts effectively. Separately, they mean three very different things. Together, they make up a framework that helps us understand an organization and how it manages opportunities and risks when it comes to sustainability. Many think that sustainability only encompasses environmental topics, but ESG allows us to look at sustainability more holistically.