Mitigating the Risk of Sustainability and ESG Governance
Companies are contending with an ever-increasing array of regulatory compliance requirements at the regional, national, and local levels, with a steady stream of new legislation and policy being introduced every year. Whereas ESG requirements were once focused on the largest of companies, small and medium-size businesses are increasingly subject to compliance measures, as well, especially with the greater focus on transparency in the supply chain. Organizations must be vigilant and rigorous in their regulatory analysis and reporting in order to maintain compliance and mitigate the risks of sustainability and ESG governance.
Canopy Edge Engagement Framework: Regulatory Compliance
Initiate
- Identify current sustainability reporting
- Identify applicable regulations
- Stakeholder engagement
Process
- Regulatory gap analysis
- Prioritize compliance requirements
- Integrate compliance into business processes
- Implement training and awareness programs
Outcome
- Governance
- Monitoring and reporting system
- Risk management
- Regulatory roadmap