Managing Sustainability Risks Highlighted in a New COSO ERM Whitepaper
Managing Sustainability Risks Highlighted in a New COSO ERM White from Ernst and Young LLP and Miami University.
Most organizations are faced with highly competitive markets and are concerned with their ability to sustain their operations. An interesting paper published by Ernst and Young LLP and Miami University provides insights into how an organization can develop strategies and operational leverage for their businesses.
"We believe there is a strong correlation between effective risk management, which includes sustainability risk, and shareholder value," said Craig Faris, co-author of the paper and the Americas risk Transformation Leader at Ernst & Young, LLP. Bringing ERM and sustainability closer together and more integrated, provides a powerful platform to leverage existing tools and approaches, as well as the drivers for positive innovations in risk management. These are things that can increase shareholder value."