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Integrating ESG into risk management

The article from BusinessWorld discusses the integration of Environmental, Social, and Governance (ESG) factors into risk management practices within businesses. It highlights how ESG considerations are becoming crucial for companies to manage risks effectively, enhance long-term sustainability, and meet stakeholder expectations. The piece explains that incorporating ESG into risk management involves assessing how environmental issues like climate change, social factors such as labor practices, and governance aspects like ethical conduct can impact a company's operations and reputation. It also notes the growing regulatory and investor pressure for transparency and accountability in these areas, pushing companies to adopt ESG frameworks not just for compliance but as a strategic advantage. The article emphasizes that a proactive approach to ESG can mitigate risks, uncover new opportunities, and drive innovation, ultimately contributing to a company's resilience and competitive edge in the market.

Read the Full BusinessWorld Article at:
[ https://www.bworldonline.com/economy/2024/12/01/638526/integrating-esg-into-risk-management/ ]