Tag: 3BL

Nasdaq

After nearly two years and over 24,000 comments from a multitude of stakeholders, the SEC released its long-awaited ruling, The Enhancement and Standardization of Climate-Related Disclosures for Investors. The rules require public companies to include additional climate-related disclosures in their annual reports and audited financial statements, with the stated goal of providing investors with more complete and reliable information about the impacts of climate-related risks on a registrant’s business strategy, results of operations, and financial condition. The rules will phase in from FY 2025 to FY 2033.

How are companies impacted by the SEC climate-related disclosure rules?

All domestic and foreign companies publicly listed in the U.S., regardless of sector and industry, are required to comply with the SEC climate-related disclosure rules. Large accelerated filers (over $700M float) and accelerated filers (between $75M and $700M float) must disclose Scope 1 and 2 emissions if they are material. They must also obtain a third-party attestation of any disclosed Scope 1 and 2 emissions. Scope 3 emissions are not required in the new rules for any issuers. More information about Scope 1, 2, and 3 emissions and attestation is detailed below.

Scope 1: Covers emissions that the company produces directly (e.g., if the company has a vehicle fleet, the fuel combustion would be covered by Scope 1).Scope 2: Covers emissions that the company produces indirectly through energy that it buys (e.g., the emissions produced by electricity that the company purchases).Scope 3 (not required under the SEC rules): Covers all other emissions associated with the company’s value chain that are not covered by Scope 1 and 2 (e.g., emissions from waste generated during operations).Greenhouse Gas (GHG) Emissions Attestation: The attestation must be provided by an independent third party that meets the proposed definition of an expert with significant experience measuring, analyzing, reporting, or attesting to GHG emissions. It must be conducted pursuant to publicly available or widely used standards established by a body that published the framework for public comment.

In addition to Scope 1 and Scope 2 emissions disclosures (if material), companies must disclose material climate-related information around governance, strategy, risk management, and metrics and targets. These topics align with the Task Force on Climate-Related Financial Disclosures (TCFD) pillars and include qualitative and quantitative reporting requirements. The SEC’s stated rationale behind this design is that many public companies already use the TCFD’s voluntary framework and are familiar with its structure. The emissions reporting framework draws upon methodology developed by the GHG Protocol with definitions based on the terminology used in the TCFD.

In determining what climate-related information is material, the SEC points to longstanding Supreme Court precedent: a matter is material if a reasonable investor would consider its disclosure or omission important when making an investment or voting decision. Companies will need to consider the materiality of their climate-related risks, and assess whether their targets, goals, scenario analyses, transition plans, and use of carbon offsets or renewable energy credits are material.

When do companies need to report climate-related disclosures?

(See table above)

What can companies do to prepare for the new reporting requirements?

Companies should familiarize themselves with the final rules and assess the potential impact on their business and financial statements. In addition to continuously monitoring and ensuring compliance with the evolving regulatory landscape, companies may consider the below actions to prepare:

Conduct a gap analysis. A gap analysis helps compare your company’s current disclosures against the potential required disclosures and identify areas that your company is not currently reporting on. The TCFD framework is identified as a foundational structure and Nasdaq Sustainable Lens™ is a tool to help perform a gap analysis against standards.Map oversight responsibilities. Ensure your company has robust systems, controls, and procedures in place to support data collection, quality control, and reporting. In addition, engage with the board and management team to ensure effective governance and oversight of climate-related risks.Collect GHG data. Collect disaggregated GHG emissions data across all operations, based on the GHG Protocol, which provides the world’s most widely used GHG accounting standards for companies. Plus, obtain assurance over your GHG emissions disclosures to enhance the reliability and credibility of the information.Implement ESG data management software. With a platform like Nasdaq Metrio™, you can save time and organize complex ESG content and cross-referencing between the TCFD, Corporate Sustainability Reporting Directive (CSRD), Carbon Disclosure Project (CDP), Global Reporting Initiative (GRI), International Sustainability Standards Board (ISSB), and dozens of other voluntary and regulatory standards.

Nasdaq’s ESG offerings are well positioned to support the new framework. Nasdaq has full ESG lifecycle support for clients, including Nasdaq ESG Advisory for expert guidance on strategy, Nasdaq Metrio™ to support end-to-end sustainability data management, reporting, and disclosure, and Nasdaq Sustainable Lens™ to help benchmark data against peers and perform gap analyses against standards.

To find out how Nasdaq can best support your company with tools and insights throughout its ESG journey, get in touch here.

Eastman

KINGSPORT, Tenn., March 12, 2024 /3BL/ – Eastman, a global specialty materials company, and Food City, a leading regional grocery retailer, unveiled the first (Eastman Road Food City) of three plastic recycling collection bins that will be located at the retailer’s stores in Kingsport, Tennessee. The partnership program – Shop, Recycle, Repeat, announced last November – will enable customers to drop off their plastic waste in the area since curbside pickup is no longer available. The collected plastic will be sorted and processed by Eastman’s new mixed plastics processing facility, a part of the new molecular recycling plant which is the largest material-to-material recycling facility in the world.

“We’re excited to unveil the first recycling bins and are so proud that they were designed and created by talented Eastman craftspeople who work at our facility in Kingsport,” said Brad Lich, Eastman executive vice president and chief commercial officer. “This partnership is an important step in our region to bring additional plastics recycling options to our community and demonstrates our shared vision for a more sustainable future, where plastic waste is seen as a valuable resource that can be transformed into new products.”

The partnership is part of Eastman and Food City’s commitment to advancing the circular economy and reducing the environmental impact of plastic waste. By offering convenient and accessible recycling options to drop off plastics for the public, Shop, Recycle, Repeat will help divert plastic waste from landfills or incineration to create valuable new materials that can be used in a variety of applications again and again. Eastman’s molecular recycling technology breaks down plastic waste into its molecular building blocks, which are then used to create new high-performance plastics that are indistinguishable from virgin materials. This technology can recycle plastics that are typically difficult to recycle, such as colored laundry detergent bottles, clamshell fruit packaging, polyester fabrics, shampoo bottles, and much more.

“Food City is excited to partner with Eastman, a world-class company and a long-time leader in our community, to bring plastics recycling to our customers,” said Steven C. Smith, Food City president and chief executive officer. “The bin at our Eastman Road location is the first of three that will be available within the next month at our Kingsport stores, and we look forward to expanding the partnership at additional Food City locations later this year. By working together, we can make a lasting impact across our region.”

Shop, Recycle, Repeat is launching at three Food City stores in Kingsport and will expand to other Food City locations in the region throughout the year. Customers can drop off their plastic waste, such as water bottles, colored laundry and shampoo bottles, trays and fruit containers, among many other plastic items. Additional information about how to recycle plastic waste can be found here.

About Eastman

Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2023 revenue of approximately $9.2 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.

About Food City

Headquartered in Abingdon, Virginia, K-VA-T Food Stores (Food City’s parent company) operates 154 retail outlets throughout southeast Kentucky, southwest Virginia, east Tennessee, North Georgia, and Alabama. Food City is well-known for its top-quality products, exceptional customer service, and extensive community involvement. The company is dedicated to its mission to “run the best store in town.” For more information, visit www.foodcity.com.

Digital media kit

Media contact
Kristin Parker
1-423-229-2526
kristin@eastman.com

Food City Communications
Tammy Baumgardner
276-623-5100
baumgardnert@foodcity.com

While catching up over coffee, friends Laura Stauffer, a petroleum engineer, and Margot Heyne-Bell, a retired electrician, wondered what they could do to encourage women in Oklahoma to pursue construction trades.

Both had heard stories of women working minimum-wage jobs, struggling to support their families. They also knew the state has low rates of women working in construction. How could they show women all the opportunities a career in a non-traditional trade could provide?

As they sipped their beverages, Heyne-Bell reflected that she got her start 37 years ago through a pre-apprenticeship program, ANEW, based in Seattle.

The pair had their answer: they could launch a program just like the one Heyne-Bell attended decades earlier.

Within months of their 2021 meeting, Stauffer and Heyne-Bell founded Women Accessing Non-Traditional Trades (WANTT), a non-profit organization that delivers a pre-apprenticeship program to help prepare women for a career in the construction industry.

“We can open doors,” Stauffer explains. “We can help them find the type of job they want—it could be an electrician, it could be a plumber, it could be an HVAC contractor, it could be a laborer. It depends what they have interest in.”

What the organization does is create a path for women to upgrade their skills and education. They learn how to use hand and power tools and how to read a blueprint; they take classes on basic construction math; and earn certifications such as OSHA for occupational health and safety, and CPR first aid.

“We teach basic skills so that when they walk on a job site, they’re comfortable being there,” Stauffer adds.

To date, the eight-week program has welcomed two cohorts, and they’re preparing for their third in 2024.

Although WANTT is in its infancy, Enbridge recognizes the organization is transforming the lives of women and their families, giving them opportunities they never thought possible.

WANTT’s mission aligns with our workforce diversity goals, as well as our company’s commitment to help empower individuals to reach their potential. To support WANTT’s important work, we awarded the non-profit a $15,000 Fueling Futures grant in 2023. By helping women find stable careers in the trades and earn liveable wages, WANTT is enriching the whole community.

Beyond the classroom, WANTT hosts a job fair for students to meet potential employers and assist them with the next phase of their apprenticeship.

“We recruit, we train, and then we help them get a job,” Stauffer notes.

Oklahoma is starting to see large numbers of workers aging out of construction, she explains.

“There’s going to be jobs coming, and there’s going to be a demand—why not fill them with women?”

As a global healthcare leader and retailer, personal information is provided to Walgreens Boots Alliance through purchasing and filling prescriptions, enrolling in promotional and loyalty programs, registering on our websites or otherwise communicating with us. We are committed to protecting patient and customer privacy and data with leading data protection standards. More information can be found in our 2023 Environmental, Social & Governance Report.

The Global Chief Privacy Officer oversees the privacy of WBA’s patient, consumer and employee data, with oversight from the Audit Committee. We conduct privacy impact assessments regularly. Our privacy program reporting is shared with the Audit Committee on a routine basis.

We are transparent with our customers about how we use their data. Statements are posted on our websites and include information about data usage and safeguards. We publish our policies about individual rights requests regarding the use and deletion of personal information for customers in applicable jurisdictions. We comply with EU and UK law on data protection and privacy. Our policy is to notify all data subjects of reportable data incidents in accordance with applicable laws. In the U.S., where approximately 80 percent of the WBA personal health data resides, the Health Insurance Portability and Accountability Act (HIPAA) privacy rule compliance program incorporates administrative, technical and physical safeguards. Under our HIPAA policy, we receive written authorization from the data subject where required, and collection and processing are limited to the stated purpose. We also have a program to receive, investigate and respond to privacy complaints.

Annual privacy training is mandatory for applicable team members, including pharmacy, retail and support office. Applicable U.S. contractors are legally obligated to receive privacy training.

We also have policies and procedures in place that govern data transfers to third parties, including appropriate methods and controls, such as standard contractual clauses.

For more information on WBA’s patient and customer privacy standards please see the latest ESG Report.

MINNEAPOLIS, March 12, 2024 /3BL/ – Thermo King, a leader in sustainable transport temperature control solutions and a strategic brand of global climate innovator Trane Technologies (NYSE: TT), today announced its new Electrification Readiness Program, equipping the company’s vast dealer network with deep technical expertise, resources and support for advancing decarbonization in the transport refrigeration sector.

According to the International Energy Agency, if the U.S. is to achieve its national 2050 net-zero emissions targets, the transport sector must reduce emissions by approximately 25% by 2030, even with anticipated growth in demand. With more than 35 dealership locations across the U.S. currently certified for the Electrification Readiness Program and participation expected to expand to all key markets in 2024, Thermo King will offer qualification preparation to its entire dealer network – totaling more than 180 locations – by the end of 2025.

“As we continue to lead by example in deploying innovative, electrified technologies across the cold chain, we know the critical role our dealer network plays in helping our customers transition to more sustainable and efficient fleet solutions,” said Adam Wittwer, president, Thermo King Americas, Trane Technologies. “The Electrification Readiness Program is an important way we leverage our rich history of leadership and innovation to equip our network with the tools and resources necessary to service the next generation of equipment. As our customers navigate their sustainability journeys, they can take comfort in knowing our highly skilled dealer network is prepared to keep their fleet moving.”

The program, which will evolve along with future product launches, regulatory requirements and compliance mandates, expands the company’s industry leadership in transport refrigeration. Electrification experts partner with an Electrification Champion at each participating dealership, raising the standard of service customers can expect for electric and next-generation equipment in several areas, including:

Technical Skill (highly skilled technicians with knowledge of electrification and additional training in decarbonization solutions)Infrastructure Preparedness (ensuring electric charger accessibility and power availability)Commercial Readiness (regulatory and compliance expertise, risk management and consultative selling)Safety and Tooling (expansive safety and equipment operation capabilities)

“As a Thermo King dealer, it’s important for us to understand the journey all of our customers are on, regardless of their chosen powertrain,“ said Ken Nelson, general manager, Thermo King Central California. “We are committed to giving our customers solutions they can rely on, tailored to their unique needs. For those going electric, the Electrification Readiness Program will help to further service them by providing our team with the tools they need.”

Through this offering, Thermo King advances Trane Technologies’ 2030 sustainability commitments – including the Gigaton Challenge – by leveraging innovative and digitally enabled electrification technologies to offer all-electric, zero-emission solutions for every cold chain segment in the Americas. The company’s near- and long-term emissions reduction targets, including its pledge to reach net zero by 2050, have been externally validated by the Science Based Targets Initiative (SBTi).

Staying Ahead of Reporting Regulations

Thursday, March 14th

11:00 A.M. – 12:00 P.M. ET

Join Workiva and PwC for a webinar exploring the results of the 2024 Executive Benchmark on Integrated Reporting, a survey of more than 800 corporate executives and 100 institutional investors across North America. Leaders from both organizations will discuss how financial and ESG reporting are evolving amid new regulations—including the SEC’s climate disclosure rule.

Register Now

Attendees can earn one complimentary CPE credit for their participation.

Taco Bell blog

Another month, another celebration! March is dedicated as Women’s History Month in the U.S., United Kingdom, Australia and many other parts of the world. In 1982, Women’s History Week was officially launched in the United States, and eventually turned into a month-long event in 1987.

This year’s theme for Women’s History Month and International Women’s Day is Inspire Inclusion. So, to honor and celebrate the courageous women of the world (and at The Bell!), we will continue to tell their stories and amplify their voices. We hope that they not only educate, but also inspire inclusion and drive positive impact in your community and uplift those around you.

Born and raised in northern France, Ombeline grew up in the city of Lille to parents who owned a cheese shop and lived right above it! She spent her early years talking to customers, learning how to bike and playing pretend vendor all in this one place.

You could say Ombeline was the free little bird of her family, wanting to explore the world since she was young…and she did exactly that!

Around the age of 15, Ombeline got the opportunity to study abroad in Los Angeles to learn English. At 18, she lived in Costa Rica for six months where she learned Spanish. She returned to the U.S. for undergrad.

Although Ombeline loved SoCal, she found herself living between Europe and South Africa after graduation. Working in South Africa opened her eyes to the value of education, so she decided to go back to L.A. to pursue an MBA.

While looking for jobs, Ombeline held an ambassador position for a women’s leadership program that focused on career development and empowerment. This quickly became a passion of hers as she looked for these traits when exploring different opportunities.

“It became important for me to pick a company that matched my values of supporting women in leadership. When I explained this to my career adviser, he mentioned how Taco Bell aligned with my aspirations and encouraged me to seek an opportunity with the company. I was then accepted as an MBA marketing intern at Taco Bell.”

Once she was a full-time employee, Ombeline joined the Business Employee Resource Group Womxn At The Bell to continue her passion for supporting and inspiring inclusion for women in the corporate space.

“I have now been co-chair for over a year, and it has been so beneficial for my personal and professional development. I’ve been able to volunteer, help others through the program and get access to career-building opportunities.”

So, what even fuels Ombeline’s love for leadership and breaking societal norms? First and foremost, her own mother.

“My mother had a tough upbringing and did not get a full education. When she met my dad, they decided to open a cheese shop without prior knowledge of business or cheese! My mom even decided to take full responsibility of the company and become the CEO. I just always admired how she built the business from the ground up.”

The second person in Ombeline’s life that inspires her is Roni. Roni was one of Ombeline’s clients in South Africa.

“In South Africa, I worked closely with Mama Roni on rebranding her hotel. She taught me so much about life and staying resilient. She told me to not focus on what others think, but rather on what you want to accomplish for yourself…all with a smile.”

Uplift and empower one another – It can be as easy as taking the time to have a conversation with them.Read and educate yourself – Keep up with incredible stories, news and inspiring learnings that come out in March.Get involved – There are many ways to get involved in the local community and start making a difference.Celebrate women ALL the time – One month is not enough to celebrate the community. Celebrate yourself and those around you as often as you can.Embrace being unique and who you are! Coco Chanel once said, “In order to be irreplaceable, one must always be different.”

Breaking news on sustainability disclosure and reporting for corporate boards and management teams!

On March 6, the Securities & Exchange Commission (SEC) released its Final Rules on climate disclosures, designed to “enhance and standardize climate-related disclosures by public companies and in public offerings.”

According to the SEC’s press release, one of our Top Stories below: “the final rules reflect the Commission’s efforts to respond to investors’ demand for more consistent, comparable, and reliable information about the financial effects of climate-related risks on a registrant’s operations, and how it manages those risks while balancing concerns about mitigating the associated costs of the rules.”

We also include in our Top Stories several links reporting on the SEC announcement. The Final Rules will be published in the Federal Register and on the SEC web site.

There is also news out of the European Union as member countries blocked (at the last minute) proposed supply chain reporting rules. This demonstrates that EU nations are not necessarily “unanimous” in their quest for expanded and enhanced corporate and capital market disclosure relating to ESG topics.

In China, the world’s #2 economy, the country’s three large stock exchanges have rules in place now to require listed large companies to disclose a range of sustainability information (including disclosure climate change matters, ecosystem, anti-corruption, anti-briber, and rural revitalization efforts).

Important: China has adopted the EU approach on double materiality on corporate disclosure. Tim Mohin, former CEO of the Global Reporting Initiative, shares his thoughts in ESG News in another Top Story below – “The Dragon Roars: China’s New Sustainability Disclosure Mandate.”

The G&A Institute team will share more news and perspectives regarding the SEC Final Rule announcement in future issues of our Newsletter. There is much to review and digest, and as always, our team is available to provide counsel as these rules go into effect in the links in this issue.

This is just the introduction of G&A’s Sustainability Highlights newsletter this week. Click here to view the full issue.

Written by Mackenzie Hicks

The importance of a diverse team is rarely disputed in any industry. Most large companies, agencies and organizations agree on the importance of different voices and perspectives in critical decisions, but in the STEM (science, technology, engineering and mathematics) fields, diversity is still lagging.

According to research from the Society of Women Engineers, the percentage of women working in engineering has grown at a slow pace — 5% in the 1980s to 16.7% in 2023. While this illustrates some progress, female workers in those fields are still outnumbered by their male peers. And, the gender gaps are particularly high in future-proof, often well-compensated fields like computer science and engineering. So, how do organizations build a more diverse workforce?

Since its inception, Leidos has valued and fostered the importance of inclusion. Listing it as one of its six values, the company strives to ensure its workforce is representative of the world around it more so than the various industries it operates in, including IT, national security and health.

All of this work has led to Leidos outperforming national numbers of women in the engineering field. The company’s workforce is 35% female, with 20% of those women being in technical positions and 18% in engineering jobs. Those numbers have paid off for Leidos, which has been consistently recognized in Employer of Choice rankings, including Newsweek’s 2023 and 2024 America’s Best Workplaces for Women and Forbes’ 2023 America’s Best Employers for Women.

A driving force for inclusion

However, the company believes the payoff is more than recognition; Leidos sees the women in its organization as the driving force continuing its promise of inclusion – especially when it comes to what women bring to the table and how they innovate the business itself.

L’Shaun Powell, a portfolio execution lead, worked in construction before joining Leidos. As one of only two women to major in civil engineering with a focus in construction at the Catholic University of America, Powell found herself in a field that is still primarily dominated by men after graduation.

While Powell uses her previous experience to make Leidos better, others carved out their own path within the company.

After three years of working at a remote shipyard in Canada, Survivability Department Manager Maggie Nate was called back to Washington, D.C., and she found herself unsure of where she fit in.

“I didn’t belong to a traditional engineering department given my remote customer location previously, and there wasn’t a specific discipline that covered my field of surface ship survivability,” Nate said.

Nate wasn’t alone. She and another female employee who had the same concern met with senior leaders to discuss a plan they developed to create a new, specialized department. Four years later, the department has more than 42 unique programs and comprises almost 40% women.

“The two of us standing up the department, managing it in tandem with starting our own families, and being able to inform hiring and mentoring to include multidisciplinary engineers, such as ourselves, has been an incredibly rewarding experience,” Nate said.

Inclusion as a retention strategy

While the hiring of women engineers has risen, like its peers across various industries, Leidos is focused on the troubling issue of retention.

“In a male-dominated field, women engineers tend to have a difficult time finding their way in the workplace. It is a culture historically built by men, the paths have been decided by men, and expectations are driven by men,” said Tiffany Creamer, a portfolio business manager at Leidos.

The Society for Women Engineers lists retaining diverse and talented women in the field as a priority; their data shows that of women who received their degrees 11 to 15 years prior to 2021, only 26.8% of women remained working in engineering disciplines. Male engineers held steady at 41%.

Creamer sees opportunity, though, when women are invited to re-engineer the culture. Her coworkers agree.

For Vice President of Land Systems Growth Elizabeth Robertson, connection is key to retention and building a culture that is committed to inclusion and representation.

“I think, sometimes, those of us who have been in the field for a while forget how intimidating that first class or meeting was when you were the only person who looked like you in room. Reaching out to younger engineers who may be the minority because they are women — or for any other reason — is how we encourage inclusiveness,” Robertson said.

Overall, the women working at Leidos are thankful to be working in an environment where inclusion is a priority.

“Collaborating with diverse teams fuels innovation. Embracing inclusion in technology ignites creativity and drives pioneering solutions forward,” said Lauren Lawson, a software engineer for Leidos U.K.

LEARN MORE ABOUT WOMEN AT LEIDOS

CHICAGO, March 12, 2024 /3BL/ – In a move set to redefine compliance processes within the life sciences industry, leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly), introduces engagementNOW and transparencyNOW. These cutting-edge solutions aim to streamline engagement and reporting procedures for life sciences companies, irrespective of their size or global reach. By integrating these products into the complianceNOW platform, Baker Tilly enables life sciences companies to simplify interactions with healthcare professionals (HCP), reducing manual efforts and enhancing compliance controls within their existing workflows.

“Leaders in the life sciences industry consistently grapple with ever-changing regulations, alongside the complexity of orchestrating workloads across various departments, engaging multiple stakeholders and managing disparate systems,” said Darren Jones, Baker Tilly principal, life sciences consulting. “Baker Tilly’s complianceNOW platform enables life sciences leaders to confidently fulfill their operational duties by gaining access to embedded compliance and risk controls backed by a trusted brand that facilitates a more cohesive approach to their compliance function.”

“With the launch of engagementNOW and transparencyNOW, Baker Tilly provides life sciences companies with a streamlined HCP engagement solution, enabling life sciences companies to have a more coordinated approach when interacting with healthcare professionals as well as an enhanced compliance solution that is able to scale with growth of their organization,” said Samantha Sutherland, Baker Tilly director, life sciences consulting. “These two new products also provide users with access to Baker Tilly’s extensive healthcare experience, empowering life sciences companies with both technological solutions and strategic guidance, ensuring leaders stay focused on core objectives while enabling teams to pursue higher value-added goals.”

engagementNOW and transparencyNOW seamlessly connect with Baker Tilly’s suite of complianceNOW products, including fmvNOW and kolNOW, creating a true end-to-end HCP engagement and reporting solution. This all-in-one platform allows life sciences companies to:

Assess business needs to ensure HCP engagements serve legitimate purposesObtain internal and external approvals to meet key control requirements prior to engagement initiationCoordinate interactions with key opinion leaders across various departmentsReconcile proof of payment and performance to ensure contractual obligations are metProcess payments to consultants across the globeEstablish fair market value rates, determine HCP expertise levels, and manage payments to prevent bribery or kickback incidentsComply with global spend transparency reporting requirements, reducing the risk of penalties or government inquiries related to spend transparency data

Discover Baker Tilly’s complianceNOW solutions:

engagementNOWtransparencyNOWfmvNOWkolNOW

About Baker Tilly US, LLP (bakertilly.com)

Baker Tilly US, LLP (Baker Tilly) is a leading advisory CPA firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 territories, with 43,000 professionals and a combined worldwide revenue of $5.2 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram.