Mitigating Environmental, Regulatory, & Public Opinion Risks
mayo 17, 2023 - by Redacción
The following article of the professional services industry is: “Mitigating Environmental, Regulatory, & Public Opinion Risks” by Christopher Córdova, Co-Founder and CEO of Victoria Ecosystems
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Sustainability is complex, and yet, any large company that wishes to survive this decade has to embrace it. So let’s be practical about it and analyze how a company can mitigate different types of business risks linked to sustainability.
Mitigate Environmental Risks
Step 1. With open data: The best way to mitigate environmental risks is with automated monitoring (of your operations, facilities, energy use, waste production or any other key environmental variable of your business) and with open data. In environmental transparency, nothing beats open data. In a world full of carefully edited corporate sustainability reports that may or may not be pure greenwashing, open data is king.
The dire need for transparency related to sustainability has reached an all-time high this year, as some companies are starting to include environmental, social and governance (ESG) elements within their assessment of financial crime and anti-bribery and corruption risk. The reason for this is that documented greenwashing cases are hitting the news every month. Carbon offsetting in particular has been identified as an area where lack of open data is allowing greenwashing to happen right under the watch of the carbon certifiers that companies have trusted for the past decade…
Don’t miss Christopher Córdova, Co-Founder and CEO of Victoria Ecosystems in Mitigating Environmental, Regulatory, & Public Opinion Risks. Continue reading!
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