Education / Course Details

ESG for Risk Managers

About this course

This comprehensive program is designed to help risk professionals like you effectively integrate Environmental, Social, and Governance (ESG) factors into your risk management framework. Unlock the full potential of your risk management strategies with Riskcom and RMIA's ESG for a Risk Manager course.

Course specifics

Audience: Risk managers, compliance officers, and risk management professionals who want to deepen their understanding of ESG and its role in risk management.

Cost: $660 (members), $770 (non-members)

Facilitator: Riskcom

Format: Online

Time: 4-hours

CPD Points: 6

Course Facilitator:
Riskcom

Learning outcomes:

  • Enhanced ESG Integration: Develop the skills to seamlessly incorporate Environmental, Social, and Governance (ESG) factors into existing risk management frameworks, ensuring a comprehensive approach to managing ESG-related risks and opportunities.

  • Advanced Risk Assessment Techniques: Gain expertise in identifying, assessing, and mitigating ESG risks, including emerging issues, and understand how to adapt risk assessment methodologies to address regulatory requirements and market expectations.

  • Effective ESG Reporting and Stakeholder Communication: Learn best practices for transparent ESG reporting and stakeholder engagement, enabling you to communicate ESG performance clearly and build a positive organisational reputation. and improvement in cyber security practices.

Course details

The ESG for a Risk Manager course equips risk professionals with essential skills to integrate Environmental, Social, and Governance (ESG) factors into their risk management frameworks. This course offers a deep understanding of ESG principles, strategies for seamless integration, and advanced methods for identifying and assessing ESG risks. Participants will also learn effective ESG reporting and communication techniques. With real-world case studies and interactive exercises, this course provides practical insights and tools to enhance your risk management practices, ensuring you stay ahead in the evolving landscape of ESG considerations.

Key topics covered:

1.       Understanding ESG risk

  • Sustainability and ESG defined

  • ESG factors

  • ESG and risk

2.    Global developments

  • Global risks

  • Responsible investment

  • Sustainable finance

  • EU directive

  • Fiduciary duty

3.    Local developments

  • ASIC / APRA

  • ASX corporate governance guidelines

  • Legislative considerations (Director Duties)

4.    ESG risks and opportunities

  • ESG Standards

  • GRI sustainability reporting standards

  • Sustainability accounting standards board

  • Thematic standards

  • Climate change

  • Natural capital

  • Human rights

  • Modern slavery

5.    The concept of 'materiality' for ESG

  • What is it and how it relates to risk?

  • Approaches to align materiality and risk

6.    Integrating ESG risk management 

  • Integration into enterprise risk management systems

  • ESG management internally

  • ESG and external stakeholders - (e.g. investors, suppliers, customers)

  • ESG due diligence – M&A processes etc.

7.    ESG-related audit and assurance

  • Internal

  • External