Asia-Pacific ESG efforts on the rise
Enterprise Risk News
by Arthur Piper
2w ago
Businesses across the Asia-Pacific region have increased efforts to improve the quality of their environmental, social and governance (ESG) reporting, but significant challenges remain. Most Chinese businesses said they were adopting ESG data because of regulatory requirements (25 per cent), followed by the demands of onshore clients (21 per cent), offshore clients (21 per cent), and internal risk management (22 per cent), according to a survey of Chinese companies by Bloomberg. Data trouble The biggest challenge was to link ESG data content to existing internal systems, the survey said ..read more
Visit website
Court rules on tougher climate risk assessments
Enterprise Risk News
by Arthur Piper
2w ago
A landmark ruling by the UK’s Supreme Court said that a local council should have considered the full climate impact of burning oil from new wells – rather than restricting its assumptions to the impact of their construction. That means that future proposals for oil and gas projects will need to take account of how the final products of their output will impact the environment. In his ruling, Lord Leggatt said it was “inevitable” that oil from the site will be burned, and the resulting greenhouse emissions were “straightforwardly results of the project” which should be considere ..read more
Visit website
Earlier adopters of gen AI balance gains with risk
Enterprise Risk News
by Arthur Piper
1M ago
Businesses that have invested heavily in generative artificial intelligence (gen AI) are seeing direct results on their profitability, according to research by the consultancy Mckinsey. While those organisations represented only a small sample of the overall group in the survey, the results suggest that those businesses are using gen AI in more business functions and paying closer attention to risk management. More areas For example, high performers used gen AI in an average of three rather than two functions. And they are more likely to use them in areas outside of marketing, sales, and ..read more
Visit website
Enterprise Risk Magazine – Summer 2024 Edition
Enterprise Risk News
by Editor
1M ago
The ‘Summer 2024’ edition of the Enterprise Risk magazine is available to read here. Download Link ..read more
Visit website
Grey zone aggression rises
Enterprise Risk News
by Arthur Piper
1M ago
Organisations are increasingly concerned about disruptions to global commerce by so-called grey zone aggression, according to a survey by wtwco. Elisabeth Braw, a senior fellow with the Transatlantic Security Initiative at the Atlantic Council, is quoted by the report saying, that grey zone aggression represents action that takes place “in the grey zone between war and peace and is used to weaken a country using means short of war.”  Hard to fight While such strikes against, for example, shipping and infrastructure can be very effective, preventing them from happening is difficult. T ..read more
Visit website
Organisations “overconfident” on risk management
Enterprise Risk News
by Arthur Piper
1M ago
Organisations have a high opinion of their abilities to be prepared for a crisis, but the actions they take to be prepared are falling short, said a survey by Origami Risk. In fact, the amount of priority that organisations put on risk management has dropped almost by 10 per cent in the past year, the report said, and the percentage of respondents who said they had fully connected risks with strategic objectives was down by about one third. “Nearly every sign points to a retreat back from the two-year expansion in risk-related capabilities the survey has previously shown,” the report said. “Th ..read more
Visit website
Organisations struggle to make ESG work strategically
Enterprise Risk News
by Arthur Piper
2M ago
Organisations are struggling to make ESG work strategically because they are often unable to move away from a compliance agenda, according to a report by the consultant KPMG. While most companies recognise that ESG should be a valuable tool for enhancing their financial performance, resourcing constraints and internal business silos are making it difficult to integrate sustainability goals with long-term objectives.  Investing in change But 90 per cent of businesses said that they were increasing ESG over the next three years to help fix these issues. Many (43 per cent) said they wer ..read more
Visit website
Employers increasingly out of touch with staff needs
Enterprise Risk News
by Arthur Piper
2M ago
Almost two-thirds (64 per cent) of HR professionals said their organisations delivered an “excellent”  employee experience compared with only 20 per cent of employees who said the same, according to a survey by Benefex. The situation has got worse since 2023 when employers slightly underrated their performance (34 per cent said they provided an excellent experience, compared with 38 per cent of employees). This comes at a time when 81 per cent of employees said that their experience at work was more important than a year ago. Disconnect “[These results] suggest that there is a d ..read more
Visit website
LGBTQ+ inclusion culture aids talent retention
Enterprise Risk News
by Arthur Piper
2M ago
Employers looking to enhance retention in the workforce should deepen their focus on LGBTQ+ inclusion, visibility and engagement programmes, according to a study by EY. The US-based study found that while there are 14 million adults in the LGBTQ+ community in the US today, that figure could grow by 2030 as more Gen Z employees enter the workforce (those born between 1997 and 2012). That is because Gen Z employees are six times more likely to identify as LGBTQ+ than their Gen X counterparts, the study said. Prioritising inclusion Companies that fostered an inclusive workplace found that 97 ..read more
Visit website
Health and safety emerges as top risk for 2024
Enterprise Risk News
by Arthur Piper
2M ago
Global businesses have identified health and safety risk as their top priority, ahead of cyber-attacks, data loss and regulatory breaches, according to a survey by Clyde & Co. Its annual Global directors’ and officers’ liability report 2024 found that social risks had climbed significantly, with health and safety ranking first as a concern for 86 per cent of respondents. “It is unclear what the precise reason is for this rise in concern but, certainly in the UK, 2023 saw highly-publicised fines levied on major corporations (e.g. Network Rail, Morrisons, Serco and Transport f ..read more
Visit website

Follow Enterprise Risk News on FeedSpot

Continue with Google
Continue with Apple
OR