Managing Emerging Risks in the Green Economy: Deploying ERM to Manage Exposures to Achieve Sustainability Objectives

Enhance awareness of the regulatory and investment drivers for better governance, measurement and reporting of sustainability risks globally and in Singapore
Clarify key terminology and learn the importance of green taxonomy; understand the perils of greenwashing
Understand the nature and profile of sustainability risks and the unique challenges it presents for risk management
Learn key components of an Enterprise Risk Management (ERM) framework and its advantages for managing strategic and emerging risks
Understand how to integrate managing sustainability risks within the ERM framework:
- Learn to use sustainability risk categories
- Understand how to devise meaningful sustainability risk criteria
- Understand how to identify and align material risks to organisational objectives
- Practice developing sustainability metrics and indicators that can be integrated into the ERM framework
Identify challenges in integration and implementation
- Identify challenges and barriers for a risk-aware culture of sustainability within the organisation
- Identify key stakeholders within the organisation for active engagement in managing the communication of sustainability risks
- Identify external stakeholders and the types of information relevant to them
- Undertake case studies and practical exercises to apply ERM to manage sustainability risks

Regulatory drivers for better governance, measurement and reporting of sustainability risks globally and in Singapore
Key terminology and the importance of green taxonomy; understanding the perils of greenwashing
The nature and profile of sustainability risks and the unique challenges it presents
Introduction to the ERM framework; key components; available standards; risk definitions
How to identify risks that matter; risk criteria and risk appetite development
Key elements of the risk process: context/business and regulatory landscape, identification, analysis, assessment, treatment and monitoring
Why treatment actions is at the heart of risk management
Risk governance and internal engagement; risk tools and reporting

Sustainability risk categories and sustainability risk criteria
Identification and alignment of material risks to organisational objectives
Sustainability metrics and indicator
Challenges and barriers for a risk aware culture on sustainability issues
Key stakeholders within the organisation on sustainability matters
External stakeholders interested in sustainability practices of the organisation
Case studies and practical exercises relating to own organisation’s sustainability risk exposures

In-class competitions, take home assignment, group work and individual case studies.

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