Understanding Environmental Risks As Financial Risks

(from Financial Executive) Environmental, social and governance (ESG) factors are becoming increasingly important to organizational stakeholders. To properly address them, organizations should include ESG factors in their enterprise risk management programs. Finance executives are beginning to see ESG risk as financial risk, which may help draw attention to ESG. To bring these areas together, try 

• identifying ESG risks in terms of dollars and cents
• identifying proper KPIs for ESG risks
• remove silos between financial and sustainability staff members
  
  

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