Here’s What Makes a Proven Approach Crucial in Managing ESG Risk

Here’s What Makes a Proven Approach Crucial in Managing ESG Risk Managers have now begun to address Environmental Social and Governance (ESG) risk in their offerings, operations, and supply chains, as ESG gives major impact on businesses and is urged by customers, investors and regulators. With the rise of ESG, business leaders also need to better understand and address ESG-related priorities with proven approaches for risk management.

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Successful ESG risk management needs the right data

Successful ESG risk management needs the right data Customers, investors, and regulators have all demanded effective large-scale environmental, social and governance (ESG) risk management and performance from companies, as they require companies to demonstrate transparent and credible ESG practices. In the first half of the year, some countries have already drawn up plans and rules regarding the issue. For example, the UK’s Financial Conduct Authority is preparing to regulate ESG rating providers, while the USA’s Securities and Exchange Commission may also propose rules regarding shared business information.

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Applying ERM to ESG

Applying ERM to ESG As organizations navigate a changing risk landscape, the complexity of new risk factors has prompted their stakeholders and regulators to demand that they reconsider how they conduct their business. Organizations are being asked to make substantive changes to further instill accountability, transparency and sustainability at all levels of their operations. In particular, there has been an emphasis on instituting environmental, social and governance (ESG) programs in organizations.

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Tips for Effective Sustainability Management

Tips for Effective Sustainability Management In today’s business world, almost every company is placing greater emphasis on corporate sustainability. In fact, a 2020 study on sustainable supply chain by Coyote Logistics found that 81% of companies are more focused on sustainability today than they were just three years ago.

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Cyber attack is still a threat Middle East and African business leaders are unaware of

Cyber attack is still a threat Middle East and African business leaders are unaware of As most organizations are still trying to figure out how to handle the risks brought by their vendors and digital supply chains, it turns out that only 4% of Middle East & Africa business leaders feel assured in their organization’s ability to successfully deal with a cyber-attack. This is in contrast to the fact that cyber threats continue to grow. Business leaders must take immediate action to adjust their cybersecurity strategies.

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Key Steps for Mitigating Cyberrisks

Key Steps for Mitigating Cyberrisks As the number and severity of cyber losses has increased in virtually every industry sector, public and private companies alike have made cybersecurity an enterprise-wide priority, with many searching for solutions to manage their security risks within a reasonable working capital investment.

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Are your cybersecurity investments making you less resilient?

Are your cybersecurity investments making you less resilient? In the past decade, digital transformation has become a buzzword in nearly every industry. Organizations have scaled down workforces in favor of automation, moved their servers and networks off-premises, and transferred their data to the cloud, but mostly kept to their old ways when thinking about cybersecurity. But things are finally changing, and the idea of cyber resilience is taking hold as an extension (or enhancement) of traditional business continuity (BC) and disaster recovery (DR) plans.

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Digital Transformation and Risk Management Should Go Hand in Hand

Digital Transformation and Risk Management Should Go Hand in Hand When adopting and developing digital transformation, business leaders should take their risk management strategies into account. It is crucial to consider the risk areas that might be involved in order for it to be effective. PwC’s Global Risk Survey 2022 revealed key takeaways on how businesses can consider to put a risk management process into their digital transformation effort.

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Speed of Digital Transformation is the Key Risk Management Challenge

Speed of Digital Transformation is the Key Risk Management Challenge The ever-changing business landscape has pushed executives to rapidly revise and adapt their strategies and operating models. However, the need for agile business movement also comes with a significant risk. According to the India highlights of PwC’s 2022 Global Risks survey, which saw answers from 109 Indian respondents, almost 8 from 10 business executives express their concern about the risk associated with the speed of digital and other transformations.

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Turning Risk Into a Strategic GRC Advantage

Turning Risk Into a Strategic GRC Advantage We are living in a volatile world. Risk leaders know that this is especially true in governance, risk and compliance (GRC) where fast changing regulatory, compliance and cyberrisk threats reset challenges daily.

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