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Index

ESG Risk Management

Advisory Services
ESG Risk Management

The importance of integrating ESG into your organisation

The concept of Environmental, Social and Governance (ESG) is becoming an increasingly more visible element of managing an organisation. Over the past decades, rules and regulations have become more and more important. Traditionally, the impact is mostly on internal factors, but ESG regulation is geared towards the impact an organisation has in the world.

Mostly, environment has been emphasised: firms are required to disclose the composition of investment portfolios and adhere to a ‘green’ taxonomy, to give consumers the opportunity to take more information into consideration, when making investment decisions. However, social factors (such as fair pricing, material sourcing, labour conditions), and the governance of organisations, is expected to increasingly change towards a more sustainable future.

Plenty of opportunities

Traditionally, ESG is considered a ‘must’. However, BDO takes the position that incorporating ESG into daily business can have positive effect on bottom line results. Firms with ESG as part of management agendas are observed to be more innovative, have better risk management in place, are less likely to be

involved in scandals and are more able to keep human capital on board. In short: ESG provides plenty of opportunities to strengthen your core business and to become more sustainable.

The tangible action in the short term is that firms must be able to prove their claims with respect to how green they are, avoiding potential “greenwashing”. In long term, firms must prove to be flexible and adaptable to better fit into a society that demands transparency and fairness.

Services offered by BDO

ESG audits
BDO can perform internal audits to provide comfort with the degree to which your operational organisation adheres to policy and guidelines, and if you are making the impact that you have in mind.

Disclosures

BDO can assist in analysis of your portfolio form an ESG standpoint, determining which disclosures are required for your organisation, the granularity of data needed, and to assess if and how your organisation is prepared for additional regulatory reporting.

Stress testing

By integrating ESG elements in your regular counterparty credit risk procedures, BDO will help improve insight in the risks that you run and helping you make better decisions to manage credit risk. In doing so, you will be able to better optimise risk versus results.

Strategic advice

How to integrate environmental and social goals into your strategy to provide a competitive edge by switching to investing with impact, rather than impact through investing.

Internal control

Increase the grip that your organisation has throughout the entire value chain. BDO can assist in assessing outsourcing risks assessing your portfolio with respect to adherence to the taxonomy and your risk appetite.

Bram van den Elshout

Senior Advisor Internal Audit, Risk & Compliance

E bram.van.den.elshout@bdo.nl

T +31 (0)30 284 98 39

Albert-jan Knol

Senior Manager, Audit & Assurance

E albertjan.knol@bdo.nl

T +31 (0)20 543 21 81

Index

ESG Risk Management

Bram van den Elshout

Senior Advisor Internal Audit, Risk & Compliance

E bram.van.den.elshout@bdo.nl

T +31 (0)30 284 98 39

Albert-jan Knol

Sr. Manager • Audit & Assurance

E albertjan.knol@bdo.nl

T +31 (0)20 543 21 81

ESG audits
BDO can perform internal audits to provide comfort with the degree to which your operational organisation adheres to policy and guidelines, and if you are making the impact that you have in mind.

Disclosures

BDO can assist in analysis of your portfolio form an ESG standpoint, determining which disclosures are required for your organisation, the granularity of data needed, and to assess if and how your organisation is prepared for additional regulatory reporting.

Stress testing

By integrating ESG elements in your regular counterparty credit risk procedures, BDO will help improve insight in the risks that you run and helping you make better decisions to manage credit risk. In doing so, you will be able to better optimise risk versus results.

Strategic advice

How to integrate environmental and social goals into your strategy to provide a competitive edge by switching to investing with impact, rather than impact through investing.

Internal control

Increase the grip that your organisation has throughout the entire value chain. BDO can assist in assessing outsourcing risks assessing your portfolio with respect to adherence to the taxonomy and your risk appetite.

Services offered by BDO

Plenty of opportunities

Traditionally, ESG is considered a ‘must’. However, BDO takes the position that incorporating ESG into daily business can have positive effect on bottom line results. Firms with ESG as part of management agendas are observed to be more innovative, have better risk management in place, are less likely to be involved in scandals and are more able to keep human capital on board. In short: ESG provides plenty of opportunities to strengthen your core business and to become more sustainable.

The tangible action in the short term is that firms must be able to prove their claims with respect to how green they are, avoiding potential “greenwashing”. In long term, firms must prove to be flexible and adaptable to better fit into a society that demands transparency and fairness.

Mostly, environment has been emphasised: firms are required to disclose the composition of investment portfolios and adhere to a ‘green’ taxonomy, to give consumers the opportunity to take more information into consideration, when making investment decisions. However, social factors (such as fair pricing, material sourcing, labour conditions), and the governance of organisations, is expected to increasingly change towards a more sustainable future.

The importance of integrating ESG into your organisation

The concept of Environmental, Social and Governance (ESG) is becoming an increasingly more visible element of managing an organisation. Over the past decades, rules and regulations have become more and more important. Traditionally, the impact is mostly on internal factors, but ESG regulation is geared towards the impact an organisation has in the world.

Advisory Services
ESG Risk Management