Why should risk and compliance professionals care about the move to ESG?
ESG is all the rage in 2022. With many companies now turning towards more sustainable practices and investors making more sustainable investment decisions, why should those involved in risk and compliance care?
Understanding ESG Risks through Scenario Analysis ft. Jared Forman, FORVIS
Join the conversation with Jared Forman, Managing Partner, ESG & Climate Risk at FORVIS, as he and host Mandi McReynolds discuss managing risk, board engagement on ESG, and insights from Workiva’s participation in the FORVIS risk scenario workshop.
Subscribe to ESG Talk wherever you get your podcasts. Follow and send in your questions at @ESGTalk on Twitter or connect with Mandi McReynolds on LinkedIn.
1) FORVIS ESG & Climate Risk – https://www.forvis.com/services/esg-climate-risk
2) Global Association of Risk Professionals (GARP) – https://www.garp.org/
3) ESG Today – https://www.esgtoday.com/
Beyond ESG Compliance: Leveraging CSRD Reporting for Business Growth
Ecovis ProventusLaw, Ecovis Germany and the German-Baltic Chamber of Commerce in Estonia, Latvia, and Lithuania (AHK) are proud to present a webinar on the important topic of ESG and the new EU legislation – CSRD reporting.
Join us for a webinar on the importance of ESG and the upcoming changes to the CSRD reporting requirements. ESG measures a company’s sustainability and ethical practices in environmental, social, and governance areas and is increasingly important to investors and consumers. The CSRD requires large companies and public-interest entities to disclose ESG information consistently and comparably, including environmental and social aspects, governance, and human rights.
Beyond compliance, CSRD reporting involves strategy and board-level involvement in sustainability governance. Our panel of ESG experts from Lithuania and Germany will discuss the upcoming CSRD reporting requirements and the importance of compliance with the ESG requirements to the value chain. They will also share insights on how businesses can increase their competitive advantage by following these standards.
Take advantage of this opportunity to prepare for the upcoming changes and learn how to leverage CSRD reporting for business growth.
Date: April 27, 2023
Time: 1:00 – 2:00 pm EET (GMT+3)
1. What does the new CSRD (Corporate Social Responsibility Directive) hold for EU businesses?
Speaker: Inga Karulaitytė – Kvainauskienė, a partner and attorney-at-law at ECOVIS ProventusLaw with over 20 years of legal experience. She is a leading Fintech and Banking & Finance group partner at ECOVIS ProventusLaw and a certified AML and Sanctions expert. Inga is also a chairwoman of the ESG Group at ECOVIS International and a Fintech HUB LT board member.
2. New EU and German legislation adoption in practice. What and why is required?
Speaker: Yven Heine, Head of Sustainability & ESG at iAP – Independent Consulting + Audit Professionals GmbH, an ECOVIS Germany Company, with over 20 years of compliance, risk and audit experience. He is a leading sustainability and audit expert with knowledge of banking and finance. He is a Certified Public Accountant. Yven is also the co-chair of the ESG Group at Ecovis International.
3. The importance of process management and the value chain.
Speaker: Roland Jungenkrüger, CEO at Value4p GmbH, is a certified Process and Project Expert, experienced in international projects focusing on legal, compliance and ESG.
4. Panel discussion. Navigating the New Landscape of ESG Reporting: Key Changes and Preparation Strategies for Companies.
Inga Karulaitytė – Kvainauskienė, partner and attorney-at-law at ECOVIS ProventusLaw.
Yven Heine, Head of Sustainability & ESG at iAP – Independent Consulting + Audit Professionals GmbH.
Roland Jungenkrüger, CEO at Value4p GmbH, a certified Process and Project Expert, experienced in international projects focusing on legal, compliance and ESG.
Jenny Schmigale is Head of Compliance & CSR at Scandlines with over 15 years of compliance, internal audit, risk management and ESG experience. She holds an MBA in Governance, Risk, Compliance and Fraud Management and is a Certified Internal Audit, Fraud Examiner, and data protection officer.
Rytis Ambrazevičius is the President of the Baltic Institute of Corporate Governance (BICG), a non-profit and non-governmental initiative promoting leading corporate governance practices in Lithuania, Latvia and Estonia. He is a board member of the European Confederation of Directors Associations (ecoDa) and an active member of various working groups related to corporate governance topics. Rytis also a professionally certified Board member with extensive Board experience, such as chairing the Board of state-controlled and listed company Klaipėdos nafta during the implementation of the LNG terminal project. He was an independent chairman of EPSO-G, state-owned energy transmission and exchange holding company tasked with implementing strategic gas and electricity infrastructure development projects and integration into the EU markets.
Rasa Didjurgytė, Lidl Lietuva Corporate Social Responsibility Manager, has worked at the company for almost 7 years and specializes in sustainability reporting (GRI), sustainability strategy development and communication.
ESG Risk Management and Compliance with Veriforce
As changes are being made in the regulatory environment and a renewed focus is being placed on sustainable business by investors, organizations must work hard to meet Environmental, Social, and Governance (ESG) mandates.
Veriforce is dedicated to keeping our clients abreast of new developments and requirements, and offers clients a multi-level approach to better understand, track, and action on ESG data.
The Veriforce system questionnaire now includes awareness-level ESG questions for contractors. These new questions can assist in evaluating and tracking contractors based on ESG efforts and requirements.
Accurately tracking ESG requirements across your supply chain can be difficult. Our capabilities span the entire ESG spectrum, allowing you to manage the risks most relevant to your business today and in the future.
To learn more about ESG capabilities, email us at discover(at)veriforce.com.
HYCM Seasonal Insights: Microsoft’s AI boost to fade? 25/04/23
The recent excitement surrounding AI has resulted in some significant upside for Microsoft over the last few weeks. However, with earnings due out tomorrow is Microsoft in for an earnings shock?
Although speculation is strong that Microsoft’s ChatGPT play could challenge Google’s search dominance, that will not equate to big sales growth in the near term. Furthermore, falls in PC sales, a slowdown in cloud services, and small projected revenue growth could weigh on Microsoft’s share prices when earnings are released.
From a seasonable perspective, Microsoft tends to see weakness between April 24 and May 24. The average return has been -2.58% with 60% of trades presenting with losses during this time.
❗️ Major Trade Risks: The major trade risk here is if earnings are not as bad as feared which can result in some upside for Microsoft.
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