Risk management is important in ESG for companies because it helps them understand and mitigate the potential risks and impacts of their ESG practices. This is increasingly important as ESG issues become more important to stakeholders, including investors, employees, customers, and regulators.ESG risks can have significant impacts on a company's reputation, financial performance, and competitiveness. For example, a company that has poor ESG practices or experiences an ESG-related incident can face reputational damage, loss of investment, and potential penalties. On the other hand, companies that effectively manage their ESG risks can improve their reputation, attract investment, and differentiate themselves from their peers in the market.
Why ESG Verification and Assurance ?
Better risk management
Providing transparency and accountability
Improved ESG Performance