Risk Governance And Sustainability

In today’s business environment, every business is deeply intertwined with Environmental, Social, and Governance (ESG) concerns. Higher profitability is no more the mantra of a business. Instead, in the current dynamic, uncertain and ambiguous world, business is working towards achieving ‘responsible profitable growth’. The new business objectives have brought stakeholder perspective to business replacing the traditional shareholders’ wealth maximisation approach. 

The businesses are still figuring out the value derived from sustainability practices and most of them see these as expenditure on the income statements. Can sustainability create competitive advantage for the firms? How can a business do well by doing good? There are many other questions on the concerns of ethics: Is your business following ethical practices? Who will sustain in the corporate world - the organisations that make more money in the short-term by hook and crook or the organizations using ethical practices to achieve profitable growth?

In the last two decades, organisations are facing the several relatively new risks. These include supply chain risk, ineffective risk culture, higher leakage, and ESG risks. Firms are also failing despite having adequate risk management system.
 

Objectives

During the two-day programme, the participants will get to investigate real-world case studies. They will gain valuable insights from industry experts along with academics while creating a road map for integrating sustainability into a business’s future. The following are the main objectives of the programme:
• To illustrate the business imperative of sustainability and sensitise the participants to the changes in businesses 

  • To construct a stakeholder materiality assessment and matrix
  • To discuss value of sustainability risks and opportunities 
  • To develop strategic business initiatives to address risk and sustainability risk and opportunities 
  • To discuss available tools and techniques to incorporate sustainability in business practices
  • To formulate implementation programme of risk management and sustainability

Contents

  • Introduction to risk governance 
  • Stakeholder management 
  • ESG and sustainability 
  • Integrating sustainability and risk management into business strategy 
  • Building sustainability and risk management toolkit 
  • Implementing a sustainability programme 
  • Strategic risk management

Who can participate

  • Senior managers and executives responsible for providing strategic direction and building a competitive advantage in their business
  • Sustainability, social, and environmental professionals responsible for related projects
  • Business consultants and consultancy firms looking to better advise clients
  • Public sector policymakers and regulators
  • Risk management and business continuity specialists

Registration and Fees

Participants should be nominated by their organisations. The enclosed nomination form should be completed and returned with all the details. The fee of the programme is Rs. 25,000 (rupees twenty-five thousand only) per participant which includes a professional fee, all charges for lodging and boarding, and supply of course materials. GST as applicable will be charged extra in addition to the programme fee. Payment should be made by cheque/NEFT/RTGS.