Applying ERM to Environmental, Social and Governance Risks

This Master Class follows the publication in October 2018 of the long-awaited Guidance for Applying Enterprise Risk Management (ERM) to Environmental, Social and Governance (ESG)-related Risks produced by COSO and the World Business Council for Sustainable Development (WBCSD). The guidance, previewed at the 2018 FERMA Risk Management Seminar, is intended to help organisations better understand the full spectrum of these risks and manage and disclose them effectively.

Risk managers will learn how they can integrate ESG risks – often referred to as sustainability and non-financial risks – into ERM as a true business methodology. This will reinforce FERMA’s view that the reporting of environmental and social performance should be treated as a business process.

From this Master Class risk managers will

• Understand what is meant by ESG
• Be able to explain the need for an increased focus on ESG-related risks
• Understand the gap in risk and sustainability disclosures and how to address this
• Understand the content of the Guidance for Applying Enterprise Risk Management to Environmental, Social and Governance-related Risks.

Key learning: gain more understanding how to apply ERM to environmental, social and governance-related risks

Have a look at our other Masterclasses