Entities including businesses, governments, and non-profits, face an evolving landscape of environmental, social and governance (ESG)-related risks that can impact their profitability, success and even survival. Overseeing the full spectrum of risks requires boards to have an adequate understanding, appropriate information and experience/expertise to guide the organization through the ESG-related risks that may threaten the business strategy or objectives.
In your initial post, please explain why environmental, social, and governance-related risks matter for organizations.
Respond substantively to at least two other students’ posts. Please describe what performance measures would you recommend that companies use so they can monitor progress and performance.
*Please remember to include at least one credible scholarly reference with your initial post!
for reference read Chapters 4 & 24 in Implementing enterprise risk management: Case studies and best practices