Addressing ESG Risk in the Enterprise: Focus on the Social
Environmental, Social & Governance – ESG – is a dominant focus in organizations as they strive to address the integrity of their values, commitments, and obligations within the organization and across the extended enterprise. In this second session of our webinar series in Addressing ESG Risk in the Enterprise we turn our focus at looking at the S in ESG, the Social element, formerly called “Corporate Social Responsibility”.
While the environment often gets the higher share of attention, social issues, where companies integrate social concerns around diversity, equality, inclusion, privacy, modern slavery in the extended enterprise and now even justice in their business operations and interactions with their stakeholders are also key areas where companies can assess their own practices, evaluate metrics, and create strategies for change. However, in many cases, it’s not so clear what strategies companies should take, compared to focusing on GHG reduction, the lines are blurred more and for some initiatives, there isn’t a lot of guidance.
Because of this, there is no one, right process companies can practice, many adopt social initiatives and look to positively contribute to the public, the economy or the environment. In today’s socially conscious business market, employees and customers place a premium on working for and spending their money with businesses that prioritize social initiatives as well as environmental.
In this webinar, attendees will learn:
- Scope of ESG with a particular focus on the Social Metrics
- Key social regulatory, reputation, and brand drivers
- Identify key ESG risks and impact on the enterprise
- How to build a strategic plan for the social aspects of ESG
- Role of technology in managing social metrics and risks more efficient, effective, and agile