Environmental, social and governance (ESG) and its role in Third-Party Risk Management have gained prominence this past year as the awareness for environmental and social issues continue to grow worldwide. Not only are regulators creating new frameworks and standards around ESG but customer expectations for transparency and ethical partnerships are mounting. This movement has shed a light on how organizations approach ESG-related domains – including climate change, carbon, modern slavery, trafficking, diversity/inclusion and anti-bribery/corruption – and examines how prepared they are to manage operational risk in their third-party ecosystem.
This ProcessUnity whitepaper covers the basics of ESG to arm organizations with the information they need to prioritize ESG in their Third-Party Risk Management programs. Download the guide to explore:
Factors contributing to the growing relevancy of ESG worldwide
Current and upcoming global ESG regulations and reporting mandates
Practical guidance for identifying your organization’s ESG posture and establishing ESG-related goals
How to evaluate ESG-related risk in your third parties with risk scoring and targeted questionnaires
Long-term strategies for developing an ESG-forward Third-Party Risk Management program