Compliance and ethics expert Kristy Grant-Hart joins us as she discusses the importance of the compliance function, how it plays into each aspect of ESG, and how CCOs are the most well-suited to take the first step in corporate ESG efforts.
Watch Leading Compliance Efforts as CCOs with Kristy Grant-Hart:
Key points discussed in the episode:
1. Kristy Grant-Hart talks about the current situation at Spark Consulting, a book she co-authored, The Compliance Entrepreneurs Handbook, and its impact.
2. Compliance is a driver for reputation enhancement. People not only vote with their dollars but also their employee time.
3. Kristy Grant-Hart says the ability to gather people and put programs into a framework is what CCOs must have to lead ESG efforts. The 7 Elements of Effective Compliance Program can guide CCOs in creating an ESG program and its monitoring and implementation.
4. California has become the first state to pass a gender-diversity-centered initiative. The social element of diversity goes deeper into the working conditions in the supply chain, sustainably-sourced products, and low carbon emissions.
5. With ESG, companies can be part of the solution. Bigger names shouldn't receive the brunt of the blame as businesses of all sizes should be accountable.
6. With the UK Modern Slavery Act, ESG has been placed at the forefront, pressuring companies to disclose the truth about what transpires in their supply chains.
7. Having a strong law background, Kristy Grant-Hart and Thomas Fox exchange ideas on the significance of lawyers in ESG endeavors. Learning the new jargon and talking to experts can help ease the hesitation to delve into this playing field.
8. CCOs are encouraged to be the frontrunners in compliance as they hold the authority to create a significant impact on a corporate scale. The ability to be relevant is a great opportunity in compliance.
Kristy Grant-Hart is a compliance and data privacy thought leader specializing in transforming compliance departments into in-demand business assets. She's been featured in the Wall Street Journal, Financial Times, Compliance Week, Compliance and Ethics Professional Magazine, and many others. She was named a Trust Across America 2019 Top Thought Leader in Trust.
She is the CEO of Spark Compliance Consulting, a London, Los Angeles, New York, and Chicago-based consultancy providing pragmatic, pro-business, proportionate compliance ethics solutions. She is the creator of Compliance Competitor, an facilitated online training game built on business simulation software.
She's the author of the best-selling book, "How to Be a Wildly Effective Compliance Officer."
LinkedIn: https://www.linkedin.com/in/kristygranthart/
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