Session 1: Introduction to COSO and ESG Frameworks
- Overview of COSO ERM Framework: Components and Principles
- Understanding ESG: Definitions, Scope, and Importance
- Environmental risks, biodiversity, food security, planet protection, water and electricitymanagement
- Societal risks, gender equality, fair wage, food security, Maslow theory, economic transformation
- Governance risks, ethical leadership, effective performance, legislative compliance
- The Need for Integration: COSO and ESG Synergies
Session 2: ESG Risks in the Context of the COSO Framework
- Identifying ESG Risks Across Environmental, Social, and Governance Dimensions
- Mapping ESG Risks to COSO’s Components: Control Environment, Risk Assessment, and Monitoring
- Addressing ESG Challenges in Organizational Risk Management
Session 3: Relevant Legislation and Frameworks
- South African Legislation, King IV Report on Corporate Governance and Environmental Regulations
- Global Frameworks: GRI Standards, SASB, and TCFD Recommendations
- Ensuring Compliance and Building Accountability
Session 4: ESG Risk Assessment and Reporting
- Methods for Assessing ESG Risks: Qualitative and Quantitative Approaches
- Developing Key ESG Metrics and Reporting Frameworks
- Visualization Tools for ESG Risk Communication
Session 5: Strategic Alignment of ESG and Risk Management
- Embedding ESG Risk Considerations in Strategic Planning and performance management, reward based on ESG metrics
- Correlating Risk Appetite and ESG Goals
- Leveraging ESG Risks to Optimize Opportunities and Drive Innovation
Session 6: Practical Case Studies and Applications
- Case Study 1: Integrating ESG and Risk in Financial Services: A South African Bank’s Journey
- Challenges faced in mapping ESG risks to strategic goals.
- Tools and strategies used for effective implementation.
- Case Study 2: Sustainability Risk Management in the Mining Industry
- Managing environmental risks and ensuring compliance with local and global frameworks.
- Optimizing opportunities through ESG-focused decision-making.
Session 7: Tools and Technologies for ESG Risk Management
- Digital Tools for ESG Monitoring and Reporting
- Data Analytics and Visualization Techniques
- Software Solutions Aligned with COSO and ESG Frameworks
Session 8: Future Trends and Continuous Improvement
- Emerging Trends in ESG and Risk Integration
- Continuous Monitoring and Adaptive Risk Management Approaches
- Building Resilient and Sustainable Organizations
