Embedding ESG risk into the ERM framework article

June 22, 2023

In a recent article published by Fintech Global, ViClarity's Donal Lawlor discusses the impact of ESG on the Chief Risk Officer (CRO).

All aspects of Environmental, Social, and Governance (ESG) have become increasingly important and topical in the business world. As companies continue to face growing regulatory pressure to address ESG issues, the role of the Chief Risk Officer (CRO) has evolved to include effective strategies to manage and integrate ESG risks into the organisation's overall risk management strategy.

 Embedding ESG risk into the ERM framework is recommended for firms that want to operate in a sustainable and responsible manner. By implementing a robust ESG risk management strategy, companies can protect their reputation, minimise potential financial risks, and contribute positively to society and the environment.

Topics Discussed: 

  • Disclosure of obligations
  • Integrating scenario-analysis into the risk framework
  • Four recommended pillars by TCFD (Task Force on Climate-related Financial Disclosures)
  • Benefits of adopting a reporting framework

Interested In Learning More?

Read Article

Back

Recent/Related Articles

ViClarity Included in InsurTech Map 2024

December 12, 2023

InsurTech Ireland is a platform for sharing ideas and knowledge about the ways that technology is changing insurance. This map showcases a wide span of Irish organisations that are geared towards improving the insurance technology sector.

ViClarity Listed As One Of The Top Regtech Firms For 2024

December 06, 2023

The Top 100 list is a combination of the most innovative and disruptive businesses in the regulatory technology space that are seeking to help financial institutions manage the fast-paced changes brought on by ongoing regulatory updates and technological advances.