Environmental Social and Governance

ESG

Environmental Social and Governance (ESG) has a high degree of importance to regulators, customers, employees and investors. It has a direct impact on a firm’s brand, valuation and revenue, due to potential social and environmental regulations, investor awareness and criteria as well as market perceptions. The RiskLogix aCCelerate ESG software application allows companies to define, assess, monitor, measure and report on their ESG objectives.

Integrate with wider GRC

The aCCelerate ESG application is a comprehensive and flexible solution, that allows multiple ESG frameworks to be mapped into a firm’s entire business universe.  A firm can define its ESG objectives, identify key stakeholders, conduct materiality assessments and define a governance structure to support and monitor performance and actions related to the ESG targets.

The benefit of a centralised repository of ESG objectives with automated governance and monitoring is that it creates linkages between objectives and performance. It enables policies to be linked to ESG goals relating to for example green products, fair pay, business ethics with the ability to measure ongoing performance with automated escalation and dashboard reporting for continuous monitoring. By leveraging the inbuilt integration within the aCCelerate GRC Platform, ESG management can be linked to other GRC activities such as Operational Risk, Compliance, Third Party risk.

  • Incorporate multiple ESG frameworks into their ESG objectives and link these to their wider GRC taxonomy, within a centralised repository
  • Build a library of ESG metrics with automated Key Indicators to measure performance, with automated workflows and alerts
  • Conduct assessments of the risks, threats and associated controls around the meeting of ESG targets, with the ability to create actions directly from the assessments
  • Monitor third party supply chain metrics to ensure that the firm’s ESG standards are being met
  • Monitor third party supply chain metrics to ensure that the firm’s ESG standards are being met
  • Manage incident and ESG related issues with automated action management and integrated workflow