ESG 101 & the Cannabis Industry - Environmental Solutions & Legal Aspects
In this content, explore the intersection of ESG principles with the cannabis industry, focusing on environmental solutions, risks, and legal aspects. Dive into topics such as ESG components, measuring and managing them, the role of ESG lawyers, and other legal considerations within the ESG framework. Understand how a solid ESG performance can drive business and brand value creation in various ways within the cannabis sector.
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Presentation Transcript
April 26, 2022 ESG 101 & the Cannabis Industry
Pat Larkin helps clients to monetize, mitigate, and manage environmental liabilities and obligations. Pat represents industrial, aviation, mining, real estate, and retail clients in air, water, and waste issues arising in transactions, site remediation and development projects, compliance counseling and audits, government enforcement actions, cost recovery claims, and more. He has practiced as an in-house environmental counsel and as Regional Enforcement Attorney with the U.S. Environmental Protection Agency. 2
Sheryl Sweeney represents public and private energy interests in environmental, energy, and water law matters. She acts as counsel to several entities that contract for hydroelectric power from the Western Area Power Administration and the Arizona Power Authority. She is involved in all aspects of the industry, including power supply contracting, rate setting, transmission access, including interconnection agreements, renewable generation, conventional generation, distributed generation, siting and retail electric competition. 3
At Regennabis, we believe that there is a need to create a disruptive and innovative community driven by exponential actions in alignment with the UN Sustainable Development Goals (SDGs) -to deliver both increased brand value and at the same time, provide solutions to many of the world s biggest challenges. We aim to democratize the opportunity for Regenerative Growth for ALL in the Cannabis Industry -to lead, learn, connect and innovate breakthrough solutions around humanity s greatest challenges -and deliver Impact Alpha for ALL stakeholders. 4
Discussion Outline Introductions ESG 101 Material Aspects and Risks ESG components other than Water/Power/EHS How do you measure and manage ALL of them? Do you need an ESG Lawyer? Is that a thing? What are the other legal ESG aspects?
A Solid ESG Performance Drives Business and Brand Value Creation in Five Ways Dimension Access to Capital Investors will increasingly be seeking evidence of an ESG Strategy within Cannabis / Hemp companies Risk Mitigation A focus on ESG Issues at a Strategic, Financial and Operational level within a company is a clear indicator that Risk / Risk Management is understood within and throughout the company Social License to Operate Cannabis companies with a solid ESG Performance will continue to help garner the ongoing acceptance of their standard business practices and operating procedures by its employees, stakeholders, and the general public Acquiring new Clients / Customers B2B Clients and B2C Customers are increasingly seeking to align with Cannabis companies that are delivering long-term social and environmental impacts, underpinned by a solid ESG Performance Recruiting & Retaining Talent A rapidly-growing industry will mean a myriad of opportunities for Talent and increasingly, they will be seeking to work with companies who are clearly demonstrating taking responsibility for climate-related challenges
The De-Facto ESG Standards for the Cannabis / Hemp Industry ESG Parameter Materiality Areas of Impact Environmental GHG Emissions Energy Management Water & Wastewater Management Waste & Hazardous Materials Management Social Data Security Product Quality & Safety Customer Welfare Selling Practices & Product Labeling Employee Health & Safety Labor Practices, Employee Engagement, Diversity & Inclusion Governance Product Design & Lifecycle Management Supply Chain Management Materials Sourcing & Efficiency Management of the Legal & Regulatory Environment Systemic Risk Management
Contact Information plarkin@clarkhill.com ssweeney@clarkhill.com geoff@regennabis.com
Q&A clarkhill.com
Thank You Legal Disclaimer This document is not intended to give legal advice. It is comprised of general information. Employers facing specific issues should seek the assistance of an attorney. clarkhill.com
