What do we offer?
We support your organization in managing ESG risk by offering a comprehensive approach to environmental protection, social responsibility, and corporate governance. We conduct audits and develop tailored strategies, providing a solid foundation to meet ESG reporting requirements with minimal costs.
We organize workshops and training for employees, create procedures and documentation, and monitor the effectiveness of implemented solutions. We offer consulting and assist in integrating processes in line with current directives such as AI ACT, NIS2, or CRA. We will help you identify ESG risks and opportunities and create tools that you can integrate with the established risk management system in your business.
Our approach focuses on cost optimization to ensure that implementing ESG risk management is both effective and economical. With our services, your company will meet legal requirements and ESG standards, minimizing adaptation costs and implemented safeguards.
Manage ESG risk effectively – gain peace of mind and security!
How do we work?
1. ESG risk management audit
As part of our collaboration, we will conduct an ESG audit to assess the current state and risk management within the ESG framework. This will enable you to effectively identify and manage risks related to environmental protection, social responsibility, and corporate governance.
Our recommendations will help you implement optimal solutions that will increase your company’s value and improve its image in the eyes of customers, investors, and other stakeholders.
2. ESG risk management strategy
We will develop a personalized ESG risk management strategy that includes specific objectives, actions, and progress monitoring indicators. We focus on strong collaboration to ensure that the developed strategy aligns with your expectations and priorities.
You will receive a complete set of procedures and documents, including action plans and a risk register, tailored to the actual risks present in your operational environment. We will assess the risk of loss and implement appropriate protective measures. We value a practical and business-oriented approach to risk management, ensuring the effective and sustainable achievement of set goals.
3. Implementation of ESG Risk Management
We provide full support in implementing the developed ESG risk management strategy by organizing workshops and establishing communication protocols with employees to ensure that everyone is well-informed and engaged.
We develop the risk management system documentation, prepare training materials, and conduct training for employees and internal auditors. We train the team in risk management, present guidelines for system improvement, and internal control plans. The management team will be introduced to the new solutions.
4. Monitoring and improvement
In ESG risk management, continuous oversight is key, which is why we offer full support. We conduct internal audits and documentation reviews, as well as provide guidelines for improving the risk management system. We develop action plans for internal controls, enabling swift responses to unforeseen situations.
After implementing the system, we monitor effectiveness of the introduced solutions by regularly reviewing procedures and systems. We act flexibly, adjusting our approach to changing legal requirements to ensure continuous compliance and effective ESG risk management.
5. ESG Risk Management Consulting
We support your business in the daily challenges of ESG risk management, helping identify issues and offering our expertise. Our goal is to build sustainable awareness together, ensuring your actions are always a step ahead of the competition in the ESG field.
We provide ongoing advisory and operational support, enabling your organization to consistently implement and develop its ESG strategy. At the end of our work, we will assist in preparing the necessary input for the sustainability report.
6. Integrated risk management
Your organization has already adapted to many directives and standards, such as GDPR, KSC, business continuity management, information security, and others. Our task is to integrate the documentation, tasks, and processes related to these regulations to create a cohesive risk management system.
Such integration helps reduce costs associated with risk assessment, incident response, and security management. With this built ecosystem, it will be easier to implement new requirements, such as AI ACT, NIS2, or CRA, ensuring smooth adaptation to future directives.
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What else do we offer?
We will help implement a complete Enterprise Risk Management System (ERM) or its individual components in your organization. Check out our offer for other services related to risk management.
Risk management methodology
Learn about the scope of the serviceRisk management based on COSO II
Learn about the scope of the serviceComprehensive implementation of ERM
Learn about the scope of the serviceRisk management based on ISO 31000
Learn about the scope of the serviceISO 37001 Implementation Anti-Bribery
Learn about the scope of the serviceCompliance with the Whistleblower Directive
Learn about the scope of the serviceRisk management audit
Learn about the scope of the serviceAutomation of risk management processes
Learn about the scope of the serviceAction plans
Learn about the scope of the serviceRisk register
Learn about the scope of the serviceRisk management training
Learn about the scope of the serviceSupply chain risk management
Learn about the scope of the serviceWhy us?
Knowledge and experience
Individual approach
Favorable conditions
We work as equals!
They trusted us
Most important questions about the risk management plan
What is ESG risk management?
ESG risk management refers to the process of identifying, assessing, and managing risks related to environmental, social, and governance aspects. These risks can impact a company’s financial performance, reputation, and operations, so effective management is crucial for the long-term success of an organization.
Why is ESG risk management important?
ESG risk management is important because it helps companies:
- Reduce negative environmental impacts: By implementing sustainable practices, companies can reduce greenhouse gas emissions, limit water usage, and minimize waste. This not only protects the environment but also can lower operational costs and improve efficiency.
- Improve relationships with communities and employees: Effective management of social risks involves ensuring employee health and safety, equal treatment, fair wages, and engaging in social initiatives. This improves employee morale and engagement and builds better relationships with local communities.
- Ensure compliance with legal regulations and industry standards: Companies must meet various legal requirements and industry standards related to environmental protection, social responsibility, and corporate governance. ESG risk management helps identify and fulfill these requirements, minimizing the risk of legal and financial penalties.
- Build a positive image and increase stakeholder trust: Actions towards sustainable development and social responsibility are increasingly valued by consumers, investors, and other stakeholders. Effective ESG risk management can contribute to building a positive company image and increasing its competitiveness in the market.
- Achieve better financial results through a more sustainable approach: Sustainable practices can lead to cost savings, new revenue sources, and improved long-term profitability. For example, investing in energy efficiency can reduce operating costs, and environmentally friendly products and services can attract new customers.
What are the steps in the ESG risk management process?
The ESG risk management process includes several key steps:
Risk Identification
Identifying potential risks related to ESG aspects.
Risk Assessment
Analyzing risks in terms of their likelihood and potential impacts.
Risk Management
Developing strategies and actions aimed at minimizing or eliminating risks.
Monitoring and Reporting
Regularly monitoring risks and reporting their status, as well as the effectiveness of corrective actions.
Risk Management Strategies
Describing the actions taken to manage risks.
Results and Indicators
Presenting the outcomes of corrective actions and indicators monitoring the effectiveness of risk management.
Future Plans
Information about planned actions and strategies regarding ESG risk management.
What are the benefits of ESG risk reporting?
ESG risk reporting brings several benefits, including:
- Increased transparency: Allows stakeholders to better understand the risks and actions taken by the company.
- Building trust: Improves trust among investors, customers, and other stakeholders.
- Compliance with regulations: Helps companies meet legal requirements and industry standards.
- Improved reputation: Demonstrates the company’s commitment to ESG risk management and sustainable development.
- Better business decisions: Enables more strategic and informed risk management.
What are the challenges associated with ESG risk reporting?
Here are the challenges associated with ESG risk reporting:
Data Complexity
Collecting and analyzing data from various ESG aspects can be complicated. ESG risk reporting requires gathering and processing large amounts of data from different areas such as the environment, society, and corporate governance. This data often comes from multiple sources and may be difficult to consolidate into a coherent and transparent report. The need for accurate and reliable representation of this information further complicates the process.
Regulatory Changes
ESG regulations can frequently change, requiring continuous updates to reports.
Regulations regarding ESG are dynamic and may change quickly due to new laws, industry standards, or market requirements. Companies need to stay current with these changes and regularly update their reports to ensure compliance. This requires constant monitoring and adaptation, which can be challenging for many organizations.
Stakeholder Requirements
Different stakeholder groups may have varying expectations and requirements for reporting.
Stakeholders such as investors, clients, employees, and local communities may have diverse and often specific expectations regarding the information included in ESG reports. Meeting these varied needs requires adjusting the content of the reports, which can be time-consuming and complex. Companies must manage communication and relationships with stakeholders to meet their expectations.
Costs
Preparing detailed reports can be expensive and time-consuming.
The process of collecting data, analyzing it, and creating detailed ESG reports requires significant financial and human resources. Companies must invest in appropriate technologies, employee training, and consultations with experts to ensure high-quality reports. These costs can be particularly burdensome for small and medium-sized enterprises that may lack the necessary resources.
Does my company need to act towards ESG?
Yes, acting towards sustainability is becoming increasingly important, not only due to legal and regulatory requirements. A strategic approach to ESG will enable you to manage ESG risks and build a competitive advantage. ESG initiatives will also ease access to capital and create lasting value for all stakeholders. Working with our specialists will help you effectively integrate ESG principles within your organization.
How to start ESG-related activities?
Starting ESG-related activities may initially seem complex, but with the right support, you can effectively implement and manage the process. Our proven implementation system allows for a smooth start and understanding of key ESG aspects. Understanding ESG principles, identifying key areas, and developing a strategy are just a few of the steps in the “G” category, which should be the starting point when implementing ESG.
Why, despite the lack of reporting requirements, are companies asking us for ESG data?
The reason is simple: you are their supplier or customer. Companies that report on their sustainability are required to examine what factors are important to their stakeholders. By taking such actions, they can respond to the growing expectations of stakeholders, manage risks, and prepare for the future.