As businesses become more complex, ESG considerations will become more important and the mitigation of risks such as child labor will become more difficult. However, by partnering with governments and local communities, engaging with stakeholder, and using technology to track and verify that their materials were not the product of child labor, businesses can begin to eradicate this scourge from their supply chains.
The Future of Third-Party Risk Management
by Clear Strategy | Feb 6, 2023 | 2023, Archive, Blog, Externalities, Impact Assessment
In response to: https://informationsecuritybuzz.com/third-party-risk-management-why-2023-could-be-the-perfect-time-to-overhaul-your-tprm-program/ 2023 could be a pivotal year for the future of third-party risk management (TPRM) programs. Organizations are recognizing...
Third-Party Risk Management
by Jo Anne Schwendinger | Dec 22, 2022 | 2022, Archive, Blog, Externalities, Impact Assessment, Strategy, Sustainable Business
In this blog we discuss how third-party risks affect your organization, and how ESG principles can help.
In today’s business landscape, you should be concerned not only with your own reputation and brand, but the reputations of your third party suppliers. Stakeholders are demanding transparency on ESG risks throughout their entire value chain, including you and your suppliers.
ESG Hot Topic: Do the Right Thing
by Jo Anne Schwendinger | Nov 9, 2022 | 2022, Archive, Blog, Externalities, Impact Assessment, Stakeholder Engagement, Strategy, Sustainable Business
If you are challenged by your boss, board, or shareholders, show them the the potential harm to others. Then show them the data that proves that the costs, and the length of time that you will continue to pay those costs, are too high and too long for you not to do the right thing.
Financial, Internal and External ESG Impacts.
by Jo Anne Schwendinger | Aug 11, 2022 | 2022, Archive, Blog, Externalities, Impact Assessment
Your business activity has financial, as well as internal and external ESG impacts. You need to measure all three to calculate your true ROI.