Insight

[E-Book] ESG Survey: Social Risks, Blind Spots and Barriers

Written by Jake Plenderleith on Thursday May 25, 2023

Environment, social and governance (ESG) considerations are moving ever further up the risk agenda. However, the ‘S’ in ESG represents a broadening range of issues and, as the findings of this survey suggest, firms’ level of understanding of these diverse risks – and their resulting approach to managing them – may vary considerably.

We surveyed over 500 compliance professionals from 111 countries. Those that we surveyed reported that, while they understand the social risks in their companies’ supply chains posed by corruption, inequality, and employment standards, they don’t always fully recognise less visible risks such as forced and child labour. Most respondents also reported addressing social risks was a mid- or lower-tier priority within their firms and suggested, moreover, that leadership at their firms either aren’t addressing social risks or are just paying them lip service.

What forces companies to examine social risks? Fear, survey respondents said, of either regulatory or legal consequences. Notably, proactively addressing social risks through company values was relatively low among motivating factors.

Comments:

Please leave a comment

You can leave the name empty should you wish to remain Anonymous.

You are replying to post:

Name

Country

Email *

Comment *




Search posts

Most popular

Archive view by date

View posts by Author

Trustpilot

ICA Commercial Services Ltd: FS 702174 ICA Commercial Services Ltd: FS 702174
ICA Commercial Services Ltd: IS 702170 ICA Commercial Services Ltd: IS 702170
Carbon Footprint Standard Carbon Footprint Standard

© International Compliance Association I Company registration 04429302 I Registered office 5th Floor, 10 Whitechapel High Street, London, E1 8QS, United Kingdom

Requests

ICA Information

Legal Information

Download ICA Prospectus

This prospectus is perfect if you're interested in studying with the ICA but would like more information about our qualifications.

Download Prospectus

 

Sign up to the ICA Mailing List

Be the first to know when new content or events are added.

Sign up here