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The intersection of Governance, Risk, and Compliance (GRC) with Environmental, Social, and Governance (ESG) factors has become increasingly important for businesses in recent years. Effective management of these factors can help organisations improve their long-term sustainability, mitigate risks, and enhance their reputation.
GRC focuses on ensuring that companies operate in accordance with legal and regulatory requirements, as well as internal policies and procedures. ESG, on the other hand, encompasses broader concerns such as environmental impact, social responsibility, and corporate governance.
As ESG becomes auditable, there is a significant overlap with the GRC side of the house. By integrating ESG considerations into their GRC programs, companies can enhance their risk management strategies, ensure compliance with evolving regulations, and promote responsible business practices. This can lead to better financial performance, increased stakeholder trust, and a more resilient business model.
Watch the below webinar from Workiva as Doug Hileman, Mark Mellen and Grant Ostler explore ESG risk readiness and the intersection of GRC and ESG.