Environmental, Social and Governance (ESG) concerns are challenging Boards and Executives to translate them into tangible Risks and Opportunities for Sustainability and Resilience. ESG impacts are generally longer term in nature and, in many cases, out of the direct control of the Company, which makes the linkage of ESG Risks to Enterprise Risk Management even more relevant.
Companies globally need to strive to achieve following ESG Performance goals for a Sustainable Business growth
- Getting real time visibility into ESG related Risks, including those in the supply chain and Opportunities
- Enhancing the Risk and Compliance team’s ability to mitigate these Risks and optimize the Opportunities
- Implementing a Transparent and Effective methodology for communication of ESG messages to the Investors and Stakeholders
Unexpected and high-impact ESG related Risks can be significantly damaging to a Business growth. Given the high stakes, Boards should ascertain that the Senior Management and the C-Suite is systematically monitoring ESG performance, looking for ways to turn ESG into a competitive advantage and regularly Reporting to the Board on the status of ESG Performance in the Company. A shift from traditional Risk Assessment techniques to a more innovative, automated and detailed framework, leveraging power of Cloud Computing, Artificial Intelligence, Customized Reports and Dashboards which can be pulled up Anytime, Anywhere and on Any Device, to govern your Organization against ESG Risks is what Automation, Agility and Innovation can help with.
Emerging Technologies when leveraged to the optimum, can turn the tables and make ESG factors the winning formula for organizational growth and sustainability. The key lies in incorporating ESG into Enterprise Risk Management Framework with Efficiency, Effectiveness and Transparency.
Confident Governance Chairman Bhavesh Bhagat to share his insights on Best Practices for ESG Governance
Our Co-founder and global GRC Leader Bhavesh Bhagat will be speaking on ESG Governance Best Practices in a Panel Discussion at the 2018 NACD Global Board Leaders’ Summit, along with fellow Directors from other Industry Verticals. Join this exciting discussion on October 2nd at Marriott Marquis, Washington DC.
Confident Governance now partnered with Carahsoft, trusted Government IT Solution provider in United States, to offer world class Governance, Risk, Cyber-Security and Audit Automation solutions for Public Sector Companies.
Find our Governance, Internal Audit, Risk Management, Compliance Management and Cyber Security range of products at:
https://cglabs.us/cg_products
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