ESG for a Risk Manager
An RMIA Virtual Course in partnership with Riskcom.
An indicative agenda for a 4-hour ESG Risk training session designed for Risk Professionals; including Risk Managers, Heads of Risk and Chief Risk Officers.
Environmental, Social and Governance (ESG) risks can no longer be considered as an afterthought to other business risks. Also referred to as Sustainability risks, effective management of ESG risks can build an organisation’s resilience and ability to respond to a rapidly changing environment and evolving social landscape. Mismanagement of ESG risks has left many organisations highly exposed, impacting valuations and achievement of strategic objectives. The rise of Responsible Investment and Finance aimed at meeting the UN Sustainable Development Goals (SDGs), increased impacts of climate change, the corporate responsibility for businesses to respect human rights, and the pandemic have helped highlight how incredibly relevant ESG risk management is to the long-term success of a business.
This course will provide background on ESG and what ESG risk is, the current state of play in regulation and standards and disclosures, materiality, and integration into ERMS.
This course is aimed at providing an introductory and comprehensive view of the state of ESG Risk management, from what ESG means and its real-world impacts, how standards and frameworks such as GRI and SASB consider ESG risk, the expectations of listed entities in line with the ASX Corporate Governance Principles and Recommendations, through to integration into Enterprise Risk Management and risk governance more broadly.
1. Understanding ESG Risk
- Sustainability and ESG defined
- ESG Factors
- ESG and Risk
2. Global Developments
- Global Risks
- Responsible Investment
- Sustainable Finance
- EU Directive
- Fiduciary Duty
3. Local Developments
- ASIC / APRA
- ASX Corporate Governance Guidelines
- Legislative considerations (Director Duties)
4. ESG Risks & Opportunities
- ESG Standards
- GRI Sustainability Reporting Standards
- Sustainability Accounting Standards Board
- Thematic Standards
- Climate Change
- Natural Capital
- Human Rights
- Modern Slavery
5. The Concept of 'Materiality' for ESG
- What is it and how it relates to risk?
- Approaches to align Materiality and Risk
6. Integrating ESG Risk Management
- Integration into Enterprise Risk Management Systems
- ESG Management Internally
- ESG and External Stakeholders - (e.g. investors, suppliers, customers)
- ESG due diligence – M&A processes etc
7. ESG-Related Audit & Assurance
Format of the Course
This course is delivered in an entirely online COVID-Safe format. The course is a total of 4.5 hours.
TRAINER: Alan Dayeh, Managing Principal, NSW from Point Advisory
Alan Dayeh brings over 25 years of experience in the areas of corporate responsibility and shared value, ESG materiality and investor risk, and business and human rights, gained through both in-house roles and as a consultant. Prior to joining Point Advisory, Alan was Westpac’s Head of Sustainability Governance, overseeing their Sustainability (ESG) Risk Management Framework and implementation of their Group Sustainability Strategy.
Prior to joining Point Advisory, Alan was Westpac’s Head of Sustainability Governance, overseeing their annual Materiality Assessment, Sustainability Risk Management Framework and the quality and development of the annual Sustainability Performance Report and associated annual reporting disclosures (such as climate risk and modern slavery). He was Westpac’s risk governance lead for the Sustainability Risk class and responsible for the ongoing monitoring and disclosure of ESG risks. He also worked with Westpac’s Group Audit team to ensure alignment of their audit program to material sustainability/ESG risks.
Throughout his career, Alan’s financial services related clients have included Westpac, Commonwealth Bank, Stockland, National Bank of Greece, Barclays, HSBC Bank, AMP Financial Services, Colonial First State Global Asset Management, and Teachers Mutual Bank. Alan has a range of financial services experience across institutional banking, funds management, superannuation, life insurance, credit risk, operational risk, customer retention, community and marketing, finance and performance reporting.
PRICE: $1,732.50 incl.GST for Members
$2,310.00 incl. GST for Non-Members
CPD: 6 points
For Group Bookings please email firstname.lastname@example.org or call 0430 157 508.
To register for this event go to Upcoming Events for current courses available.