What are ESG Risks?
Environmental risks
Social risks
Governance risks
Why Managing ESG Risks is Important?
endure disruptions
Steps to Identify ESG Risks in Your Organization
1. Conduct a Comprehensive ESG Audit
identify gaps
2. Engage Stakeholders
internal perspective
local communities environmental impact
Regulators
3. Utilize ESG Risk Assessment Tools
How to Manage ESG Risks Effectively
1. Prioritize Risks Based on Impact and Likelihood
Impact
Likelihood
2. Integrate ESG Into Strategic Planning
Review long-term business goals
Incorporate ESG metrics into decision-making
Engage leadership teams
Align with stakeholder expectations
3. Implement Mitigation Strategies
environmental risks
Social risksanti-discrimination directives
4. Set Measurable ESG Goals
environmental risksFit for 55 package social governance goals
Specific
Measurable
Aligned with StandardsEU Taxonomy
Time-Bound
5. Monitor and Report Progress
Align with recognized frameworks
Implement internal tracking mechanisms
Engage external auditors when necessary
Maintain stakeholder communication
Whistleblowing and ESG: Ensuring Accountability
Tools and Techniques for ESG Risk Management
1. Technology Solutions
Data Collection
Risk Monitoring
Data Analysis
Compliance Management
Reporting and Transparencydocumentation and anonymous reporting channels
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