How sustainability fits into enterprise risk management
In a rapidly changing world, businesses must regularly assess threats and opportunities as they strive to maintain a competitive edge. For many organizations this analysis is referred to as risk management.
对于可持竞彩足球app怎么下载续性专业人员，与这些努力建立联系很重要，因为它可以提供一个机会，以在组织的战略规划过程中确定重要的环境和社会问题。但是对于许多组织而言，在可持续性和风险管理的交集方面存在脱节。竞彩足球app怎么下载
To help address this, GreenBiz published a new report Thursday,“Unlock Growth by Integrating Sustainability: How to Overcome the Barriers,”与Marsh＆McLennan公司和金融专业人士协会（AFP）合作开发。我们最近还举办了网络广播“缩小风险和可持续性之间的差距”（您可以重播这一点竞彩足球app怎么下载这里).
约翰·戴维斯（John Davies）:Where does risk management sit in the corporation and what's the role of enterprise risk in a corporation?
亚历克斯·维滕贝格：如果您看风险话题，它会从许多不同的地方散发出来。你有财务风险—例如财政部主要拥有的利率和货币。您有运营风险，您经常会与制造或供应链或向客户交付产品的过程相关联，这自然与业务部门或运营相关。
You then also have risks that are associated with your people, which often reside in the human capital or human resources department. And then you have a myriad of other risks that don't necessarily always have an obvious owner. Some will reside in legal, or product development and some will actually be with the corporate responsibility team.
企业风险管理的作用是将所有这些不同类型的风险（无论是财务，运营还是战略性）汇总到一个地方，以便公司可以开始思考并优先考虑对组织最大的影响。公司通常会建立一个风险委员会，并代表业务的核心领域代表这些不同风险的所有权。
Davies:You and I have talked several times about the evolution of the risk management role in companies, the later evolution of sustainability roles in business and a number of parallels between those two functions. Can you talk a little bit about how risk management evolved in corporations?
Wittenberg:For a long time, the risk professional considered risk as a unique activity inside the organization. It wasn't part of strategic planning. It wasn't part of financial planning or business planning. It was, "Let's think about the risks that could most impact the organization" as an activity that took place in a silo. And certain reports were produced — whether it was a risk map or a risk register — and provided to the board of directors on an annual basis, divorced from the ongoing processes that run the typical corporation.
For a long time, the risk professional considered risk as a unique activity inside the organization. It wasn't part of strategic planning. It wasn't part of financial planning or business planning.
可持续性从业者的作用使我想起了那竞彩足球app怎么下载些日子 - 人们说：“好吧，这些是我们公司可持续性的重要方面。我们将写一份可持续性报告，并将其交给董事会和每个人都会知道这些事情有多重要。”
但是在许多情况下，它与公司的思考及其日常活动以及实际要完成的工作并不是真正的联系。
What is striking is that risk management in the late 90s and early 2000s was often driven by applying external frameworks and processes to the organization. So, whether it wascoso或者ANZ框架or any number of other frameworks, companies were looking for that kind of outside template that could be applied to allow them to tick the box for ERM. And it strikes me that sustainability is in a similar spot right now with the various reporting frameworks like CDP, SASB, GRI, and others.
您必须克服风险人们克服的那种驼峰。金融危机可能有所帮助，但他们克服了这一问题，现在人们对“我们的组织有风险”，而更多地思考，“我们的收入有可变性。我们在执行的策略方面有差异。”And what is causing this variability? Risk.
进行有关风险的对话的合适时机是，当您进行有关战略，业务计划或财务计划的对话时。
我们开始看到更多的集成，在这里，有适当的时间进行有关风险的对话是当您进行有关战略，业务计划或财务计划的对话时。我个人相信，当您考虑可持续性专业人士的保险公司中的问题时，它们通常会被视为长期风险，这些风险在长期绩效中造成可变性，从而影响企业的实际可持续性和可行性竞彩足球app怎么下载。
关于这些风险进行讨论的合适时机是您谈论业务的长期策略。同样，可持续发展领导者竞彩足球app怎么下载必须克服成为谨慎的组织的概念，并在评估业务战略和业务绩效方面更加融合。
Davies:In your practice, have you seen more of an uptake where this conversation around risk and sustainability is really starting to happen in more organizations?
Wittenberg:Sara Matthews, the former CEO of Dun & Bradstreet said, "It's the power of "and". It's about doing the right thing和改善了财务绩效。”
但是他们并没有真正彼此离婚。聪明的人找到了那些确实保持一致的地方。而且，我们看到了更多的努力和更多的成功。
Davies:重要的是要注意，当我们谈论风险时，我们实际上是在谈论风险和机会，这是同一硬币的两个方面。
Wittenberg:Exactly. When we talk about risk, it's really those issues that drive variance from the expected outcome. So, if you think about it, if you expect to make 100 widgets in an hour or if you expect to make 10 cents of earnings per quarter, it's really thinking about those issues that cause you to make 9 cents or 11 cents. And that's one aspect of it.
If more people thought about the external manifestation of sustainability as competitive advantage, you would apply a different thought process.
The second aspect of it — and this is the part we think the board should get on board support — is, "You said I could make 10 cents if we make this investment. And we'll make that 10 cents in 5 years. How do I make it in three years?"
因此，从字面上看，这要么是要使结果更具预测性，要么是使结果偏向于预期。或者，坦率地说，这是关于加速结果。
I personally spend a lot more time thinking about the opportunity side. It's not that downside risk isn't important, because certainly it is. If you're a brewing company and you run out of water, you're not making any beer. Simple as that. But while you're thinking through how important it is to have high-quality inputs, it's also about using those inputs as competitive advantage and being able to generate more market opportunity.
Davies:Any final advice for our readers?
Wittenberg:If more people thought about the external manifestation of sustainability as competitive advantage, you would apply a different thought process. Second, I would like to make sure everyone's really clear that the institutional investor is a lot more interested in this than many people think.
And third, it is important for the sustainability professional to make the effort to actively engage with the risk and finance teams to more effectively integrate their thinking with those of the commercial operations of the organization.
戴维斯：谢谢，亚历克斯。这可能是对话更长的开始。
