Guidehouse ES&I’s Post

In Matt Kelly’s latest article, he delves into Microsoft's latest sustainability report which was released last week. In it he emphasizes how sustainability goals are really a supply-chain risk management challenge. #sustainability #supplychainrisk #compliance #corpgov #ESG #thirdpartyrisk https://lnkd.in/eKrhhbmn

Emerging sustainability regulations have driven greater alignment and integration between practices in sustainability and risk management. While this is a positive development, ensuring that integration results in better decision-making presents several challenges that companies will need to navigate.   BSR Transformation Director Beth Richmond and Ben Cattaneo, Founder of The The Decision-Making Studio discuss these changes to Enterprise Risk Management and offer the three essentials for companies to incorporate as they conduct the CSRD’s mandatory Double Materiality Assessment (DMA).   #sustainablebusiness #sustainabilityreporting #materiality #riskmanagement #CSDDD #regulatoryaffairs

If you had told me five years ago when I took on this role that I would see a magazine headline touting "the rise of risk management" I would have laughed. Long marginalized as a compliance-driven, box-checking crusade of bureaucrats, it looks like risk management is finally having its day in the sun. And I say it's about time. Everything that could get in the way of your organization achieving or growing its mission is a risk. So understanding what those potential obstacles are, and trying to move past them, is an endeavor worth focusing on and investing in. And using it as a framework to prioritize and identify connections between other challenges/opportunities, like DEI and ESG, is just more efficient. Is your organization ready to jump in? #riskmanagement #enterpriseriskmanagement https://lnkd.in/dt4jm7kc

Risk managers have a crucial role in making sure their organisation can answer the big ESG questions. As John Merkovsky and Lisa Lipuma discuss here, risk and analytics tools can also provide clarity and direction of travel for organisations, whether they are relatively early in their ESG progress or seeking to refine their approach or performance.

ESG strategies have evolved from optional to essential, shaping modern risk management landscapes. Integrating ESG factors not only ensures compliance but also unlocks competitive advantages, fostering resilience and sustainable growth. Read more here: https://lnkd.in/dRDYXJJa #ESG #Sustainability #RiskManagement

Dive into the evolving landscape of reputation #riskmanagement with our 2023 Survey Report. Drawing from the perspectives of 375 global senior executives, this report sheds light on the renewed prominence of reputation as a critical financial consideration. Explore pivotal trends, such as the impact of #ESG on risk dynamics. Arm your organization with the knowledge required to make informed decisions and strategically safeguard and enhance its reputation. Connect with us for specialist guidance on smarter reputation risk management—shape the future of your brand today! - https://ow.ly/qrC250QahRx #wtwdirectandfac #reputationalrisk #polecat

This great read from Forbes highlights the importance of Risk Management and Governance to ensure external pressure and changing global sentiment do not distract organizations from their core strategic objectives. Organizations who have effective Risk Management and Governance are able to assess externalities and new frameworks such as ESG and DEI. This enables them to apply the new frameworks to their strategic advantage and avoid the “flavor of the day” sometimes resulting from external pressure. As the article highlights, Risk Management and Governance provide a common and objective framework enableing organizations to focus on environmental and social factors as part of their strategy in a holistic manner to continue to grow and be responsible corporate citizens within the communities they serve. Read the article: https://lnkd.in/eyphJu7t   #cpgreatread #riskmanagement #riskgovernance #risk #ESG #DEI

In the corporate landscape, Environmental, Social, and Governance (ESG) reporting has become ubiquitous. Yet, amidst this surge in reporting, questions linger about the reliability and usefulness of the information disclosed. This article talks about 3 reasons why integrated thinking, risk management, and reporting can enhance ESG practices. #ESG #environmentalchallenges #riskmanagement #integratedthinking #marketresearch

Microsoft's sustainability report last week shows how sustainability goals are really a supply-chain risk management challenge. So how do companies configure those two issues into a single functioning system? #sustainability #supplychainrisk #compliance #corpgov #ESG https://lnkd.in/e7FCpPmF

𝐄𝐒𝐆 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: A business cannot manage its ESG risks — nor reap the benefits of managing its ESG risks well — unless it understands what those risks are. 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐄𝐒𝐆 𝐫𝐢𝐬𝐤𝐬 𝐢𝐬 𝐚𝐧 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐦𝐨𝐝𝐞𝐫𝐧 𝐞𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐫𝐢𝐬𝐤 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭. Companies that understand their 𝐄𝐒𝐆 𝐫𝐢𝐬𝐤𝐬 can better deploy resources, make responsible investments, address rising operating expenses, enhance employee retention, and more deftly comply with regulations. These activities help create greater efficiency and cost savings to achieve 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐬𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐨𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬. Corporate Finance Institute® (CFI)'s ESG Risk Management Course equips industry professionals with the knowledge and tactics needed to navigate their organizations through these risks and institutionalize a company-wide ESG risk management system. This well-designed course led by Noah Miller, is essential for financial professionals, corporate leaders, sustainability experts, and policymakers aiming to navigate the evolving landscape of ESG risk management. It offers deep insights into identifying, categorizing, and mitigating ESG risks tailored to the specific needs and realities of various organizations. We at Skillocity Business Solutions Private Limited partner with Global Training providers Corporate Finance Institute® (CFI), Rho Impact, Kalolytic Solutions to help Corporations upskill their teams through various customized Skill development programs. https://lnkd.in/g645fDhZ Let's connect to explore more. #esg #training #learninganddevelopment #esgleadership #duediligence #esgrisk #esgriskmagament #esgreporting #sustainability #climatechange #esginvesting #sustainabilityreporting #impactinvesting #esgdata #impact #investing #esgstrategy #sustainabilityleadership #riskmanagement