ESG Risk Management
Effectively managing risks is crucial for maintaining your organisation’s license to operate.
ESG Risk Management
Effectively managing risks is crucial for maintaining your organisation’s license to operate. Integral to this is managing ESG risks, which can pose significant challenges and impact the traditional risk categories within your organisation.
To ensure the resilience of your business model and the risk profile of your organisation, laws and regulations set requirements for ESG risk management within your organisation.
Given the evolving landscape of ESG risks and regulatory requirements, we offer comprehensive support to financial organisations navigating this complex terrain. Our expertise provides you with a clear and thorough understanding of all laws and regulations that apply to your organisation.
We assist in integrating ESG risk requirements into your existing risk cycle, ensuring they are incorporated into your risk and control framework in a holistic manner. Our approach ensures that you maintain control over ESG risk across your entire organisation. By adopting an integrated approach, we help you achieve consistency, allowing you to effectively manage and mitigate ESG risk with confidence and clarity.
ESG Risk legal framework
Managing ESG risk begins with an overview of all ESG risk laws and regulations that are in scope for your organisation: the ESG risk legal framework.
In this framework an overview will be given of all relevant ESG risk requirements, identifying discrepancies, correspondences, and nuances that exist across different laws and regulations. This framework serves as the foundation for your organisation to establish and maintain control over ESG risks.
Moving forward, we can support your organisation in answering questions like:
- How do we implement these laws and regulations?
- How do we determine what products and business units are affected and how do we report on these risks?
- How should we understand the interlinkages between all these requirements?
- How can we ensure consistency and efficiency while avoiding isolated implementations of these requirements?
- How should we address ESG risks in documents such as the ICARAP and SIRA, as well as in our policies and procedures?
Throughout this process, we provide comprehensive support, guiding your organisation towards compliance.
ESG Risk Appetite
ESG risk appetite is the level of ESG risk that your organisation is willing to accept in pursuit of its objectives, before action is deemed necessary to mitigate this risk.
At Projective Group, we specialise in helping you develop your ESG risk appetite, translating it into actionable risk limits, and integrating these limits into your risk management processes. Our approach ensures alignment with your organisational structure and goals, enhancing your ability to manage ESG risk effectively.
ESG Risk Assessment
To support your organisation in identifying all relevant ESG risks, we at Projective Group offer a comprehensive ESG Risk Assessment service. This service is designed to help you identify and measure risks related to ESG factors that you organisation is exposed to.
Our assessment adopts a holistic approach based on market best practices and regulatory expectations. Such an approach provides insight into all relevant ESG risks while integrating them into your organisation’s risk management framework, ensuring compatibility with current practices.
Using this approach we establish an efficient methodology for managing ESG risk, by using communication across all levels of your organisation – such as policies, procedures and training & awareness – on the one hand, but also offering the tools to monitor and report on ESG risk on the other.
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