ESG: How to Scale Risk Management and Sustainability Initiatives Across the Extended Supply Chain
ESG disruptions exact a heavy toll: financial losses, reputational damage, regulatory fines, escalating costs, and diminished shareholder value. The Cambridge Centre for Risk Studies projects a staggering $4.7 trillion annual toll on the global economy by 2025 due to environmental risks alone.
To guard against disruptions impacting assets, liquidity, and market access, financial institutions are integrating reputational risk, modern slavery, diversity, sustainability risk and other ESG factors into their core risk management strategies, including rigorously monitoring their third party ESG risk exposure. It’s more than academic. These changes come as the Biden Administration has issued a range of ESG-related Executive Orders that will impact the financial services industry via its relationships with customers, regulators, and partners.
We invite you to join our webinar to learn how leading firms are navigating these issues and moving ahead.
Learning Objectives:
- Understand the evolving ESG supplier risk landscape — trends, impacts, areas of vulnerability
- Best practices for monitoring and managing supplier-related ESG risk factors
- Overcome the biggest ESG pain points within third party risk management and assessments
- Create a trusted and transparent relationship vendor relationships to ensure openness and compliance
- Learn how to include ESG into early stage supplier contracts
Speakers:
- Olga Voytenko, Senior Vice President, Director of Operational Resilience at Forbright Bank
- Danny Heid, Managing Director, Director of Procurement and Third Party Risk at Texas Capital Bank
- Max Kanaskar (Moderator), Sr. Principal (Financial Services and Insurance) at Interos
