Publication: Aiming for Alignment in Compliance, Risk, and Sustainability
There are natural connections and tensions between risk management and compliance programs, on the one hand, and ESG and sustainability programs, on the other. Both sets of programs aim to serve the company while also protecting key stakeholders. Both often seek to go beyond what is legally required.
But key compliance and risk areas are not necessarily ESG issues and vice versa. Risk management and compliance generally seek to mitigate the downside, while ESG programs increasingly focus on upside opportunities. Organizationally, risk and compliance are often siloed at the management level and handled differently at the board level – often by separate committees.
Building on the excellent Center briefing provided in late October 2021 by former Delaware Supreme Court Justice Leo Strine, Jr. and his Wachtel colleagues Sarah Eddy and David Katz, this roundtable provided an opportunity for a more in-depth discussion among governance, compliance, risk management, sustainability, and other professionals on how to optimize the connections and manage the tensions among compliance, risk management, and ESG.
We discussed practical steps on how:
Members of The Conference Board get exclusive access to Trusted Insights for What's AheadTM through publications, Conferences and events, webcasts, podcasts, data & analysis, and Member Communities.
A two-hour discussion held under Chatham House Rule with Members and experts on a key ESG topic.