Environmental risk management

In the face of escalating environmental, social, and governance (ESG) pressures, effective environmental risk management is no longer optional, it's essential. As stakeholder demands for sustainability rise, companies face mounting risks related to climate change, nature, resource depletion, and pollution. These can translate into hefty financial penalties, claims and disputes, operational disruptions, and reputational damage. Proactive management can help to mitigate these risks, fostering resilience and unlocking opportunities. Effective environmental risk management can reduce an entity’s environmental footprint, attract investors, and gain a competitive edge in a market increasingly aligning with responsible business practices.

Content on environmental risk management in this subtopic includes the following Practice Notes:

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How to draft an ESG policy—provides practical insights into how to draft an ESG policy. It includes guidance on format, getting started with materiality assessments and analysis of business ambition, details on the key elements to the ESG policy, and alignment with ESG frameworks
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How to achieve an effective ESG Board Committee—provides practical guidance on how to achieve

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