Managing Emerging Risks in the Green Economy: Deploying ERM to Manage Exposures to Achieve Sustainability Objectives
About This Course
1. Enhanced awareness of the regulatory and investment drivers for better governance, measurement and reporting of sustainability risks globally and in Singapore
2. Clarify key terminology and learn the importance of green taxonomy; understand the perils of greenwashing
3. Understand the nature and profile of sustainability risks and the unique challenges it presents for risk management
4. Learn key components of an Enterprise Risk Management (ERM) framework and its advantages for managing strategic and emerging risks
5. Understand how to integrate managing sustainability risks within the Enterprise Risk Management (ERM) framework:
- Learn to use sustainability risk categories
- Understand how to devise meaningful sustainability risk criteria
- Understand how to identify and align material risks to organisational objectives
- Practice developing sustainability metrics and indicators that can be integrated into the Enterprise Risk Management (ERM) framework
6. Identify challenges in integration and implementation
- Identify challenges and barriers for a risk aware culture of sustainability within the organization.
- Identify key stakeholders within the organisation for active engagement in managing and the communication of sustainability risks
- Identify external stakeholders and the types of information relevant to them
- Undertake case studies and practical exercises to apply Enterprise Risk Management (ERM) to manage sustainability risks.
What You'll Learn
• an introduction and knowledge of key concepts in sustainability risks and fundamental elements of Enterprise Risk Management (ERM) frameworks
• awareness of commonly used international Enterprise Risk Management (ERM) standards and sustainability frameworks, and the challenges and importance of green taxonomy
• know-how to successfully integrate sustainability risks within an Enterprise Risk Management (ERM) framework for an improved ability to identify, assess, manage and report on sustainability risks to better align to the organisational objectives.
Learners will have ample opportunities to practice and apply the learnings in class through individual and group work. Participants will also gain insight to challenges and practicalities of engaging stakeholders in managing emerging risks in the green economy.
Entry Requirements
Some exposure to and basic level of understanding of risk management practices or risk governance is ideal but not an absolute must.
Basic understanding of the corporate organisation structures.
Being able to converse and understand in English is essential.