Enterprise Risk Management

十年前, the top global risks in terms of impact and likelihood didn’t include social or environmental issues for the most part. But today, many of the top risks are social or environmental.

A robust Enterprise Risk Management (ERM) framework that includes social and environmental aspects preserves value and reduces downside exposure, helping to connect risk, strategy and decision-making while enhancing corporate performance.

Leveraging and enhancing a company’s ERM framework is an effective way to reduce potential risk and capture opportunities.

所面临的挑战

The impact of economic and regulatory risks on business and society is giving way to existing and emerging social, environmental and governance (ESG) risks. 尽管如此, organizations are limited in how they identify, 优先考虑, 管理和, 如果相关, 披露这些风险. Recent research shows a clear disconnect between “material” sustainability topics and the risk factors listed in corresponding legal filings.

商业案例

We found that only 29% of companies show some alignment between what they say in their sustainability report and what they disclose in their legal filings. This disconnect between disclosing ESG issues in sustainability reports and disclosing ESG factors in risk filings in statutory documents demonstrates that organizations find it challenging to integrate emerging ESG risks into existing risk management frameworks. 在实践中, this means that companies are exposed to a range of risks that are not being properly accounted for.

解决方案

我们的工作 COSO (the Committee of Sponsoring Organizations of the Treadway Commission) helps companies integrate ESG risks into their mainstream risk processes. In 2018, we jointly released 应用指导 to help organizations align ERM to ESG-related risks. We also provide workshops and training to our members on the ESG risk guidance – contact us at risk@joyerianicaragua.com 了解更多信息.