Businesses are operating in a rapidly evolving landscape facing ESG-related risks that can impact their profitability and success. The prevalence of ESG-related risks has accelerated over the last ten years. In 2012, the top risks identified by the World Economic Forum by likelihood and impact included one environmental risk. Ten years later, ESG-related risks including climate change, biodiversity loss, infectious diseases, natural resource crisis among others account for nearly all of the top risks.
Over time, investors have also started seeking information on how organisations are identifying and responding to ESG-related risks with a focus on climate-related risks in line with the Task Force on Climate-related Financial Disclosure. This is evident from the growing number of regulations coming into place globally mandating associated disclosures annually from organisations.
Our Sustainability and ESG experts help organisations in identifying critical ESG and climate-related risks, preparing strategic responses to mitigate these risks and developing a future-ready and resilient business.
- Capacity building of Board and Senior Leadership on ESG and climate-related risks.
- Identifying, assessing and prioritising ESG risks across the value chain and supporting its integration into the existing Enterprise Risk Management (ERM) framework using recognised standards.
- Identifying climate-related risks and opportunities and associated financial impact in alignment with recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
- Conducting scenario analysis to assess potential business implications of climate-related risks and opportunities and informing stakeholders about how the organisation is positioning itself considering these risks and opportunities.