The need to integrate the new dimensions of non-financial and long-term risks introduced by ESG attention poses new challenges in terms of risk governance, which have a downstream impact in terms of data quality and data disclosure ability.
Goals and Objectives
A technological solution is demanded as a best-practice boost for standardized, repetitive, and consistent processes with the goal of cutting-down Compliance efforts and establishing more efficient risk governance mechanisms as well as improving the quality of the ESG data collected through visual and intuitive data-entry interfaces for the collection of timely data through ad hoc questionnaires.
Governance, risk, and compliance (GRC) modern applications
Use Case Summary
The goal is to include ESG factors in traditional risk verticals by hinging on the role that technology can assume in extending ESG risk integration methodologies, incorporating all organizational assessments at the risk appetite framework level.