Course Details
Duration: AEST (UTC+10:00)
1:00pm - 5:00pm - Wednesday, 27 August 2025
Venue:
Online
Costs:
RMIA Members $660.00 (incl GST)
Non-Members $770.00 (incl GST)
CPD Points: 4
About
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.
Course Overview
1. Understanding ESG Risk
Sustainablity 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
Internal
External
Format of the Course
This course is delivered on-line. The course is a total of 4 hours and incorporates suitable breaks.
Group Bookings: For Group Bookings, please contact us via email on pdp@rmia.org.au or by phone on 1300 775 648.
When you register for this course you agree to the RMIA passing your registration details onto our Training Partner, Riskcom.