Climate risk management planning for your business

The Rising Frequency and Severity of Extreme Weather Events Have you noticed the increasing frequency and severity of extreme weather events in recent years? It’s no coincidence. Scientific studies have revealed that human activities play a significant role in influencing the occurrence and intensity of these events. Let’s delve into this issue and explore the
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5 Potential Consequences of Ignoring Business Risk Management

Hind Abdo, Facultas-Risk Consulting Inc. Founder and Managing Partner, was featured among a distinguished panel of experts and entrepreneurs in a compelling article on risk management for businesses. Published on the prestigious American Express website, the article was skillfully crafted by the award-winning journalist and writer, Rodika Tollefson. This enlightening article delves into the potential
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A step-by-step guide to Implementing an ESG Program for SME

In this post, we will outline the step-by-step process to implement an ESG program for your SME, ensuring a strong ESG foundation for your business strategy.
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Role of the Board of Directors in the Corporate Sustainability Strategy

Gone are the days when a corporation’s sole objective was to maximize profit. Today, the corporation’s aim is to maximize stakeholder value by creating value for not just shareholders but also employees, customers, suppliers, local communities, and society at large. This evolution requires a corresponding evolution in the role of the board of directors.  
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Enhancing Financial Institution Resilience: Stress Testing for Climate Risks

In an era where climate change poses significant threats to the global economy, financial institutions are increasingly acknowledging the imperative of incorporating climate-related risks into their risk management practices. One fundamental approach for assessing and managing these risks is through the implementation of stress testing. Stress testing empowers financial institutions with a powerful tool to
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Should you pause your ESG strategy during challenging economic conditions?

Should companies pause their ESG strategy given the current challenging economic conditions? This question is important and relevant for every owner of an SME and every board member/executive team. Despite the prevailing belief that ESG efforts are not effective in mitigating immediate disruptions like tough economic conditions, studies show that they create tangible economic value
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The ABCs of ESG

🌍💼 Are you curious about the buzz around ESG? Wondering what it means for your small or medium-sized enterprise (SME)? In post #4 of our ESG series for SMEs, I’ll walk you through the ABCs of ESG and explain why they matter for businesses like yours. 📚🤓🌱 🔤 E is for Environment: The first pillar
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To adapt or to mitigate? SME’s and climate change

Faced with the challenge of climate change, should SMEs “adapt” to change or “mitigate” the global impact of their operations? What do you think? 🌍Welcome to post #4 of my “ESG for SMEs” series.🌍 Faced with the challenge of climate change, SMEs need to adopt a comprehensive approach that includes both adaptation and mitigation. Both
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Circular economy and SMEs

Have you ever heard of the circular economy? Do you have any ideas for using it as an opportunity and growth lever for your SME? I’d love to hear your ideas on the subject. In this 3rd publication in the ESG for SMEs series, discover this innovative concept that is revolutionizing our current economic and
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CRO series #10 – Risks and opportunities of Large Language Models in Financial Institutions

What are the Risks and Opportunities of using Large Language Models (LLM, i.e. ChatGPT) to Financial Institutions? Welcome to post #10 of the CRO series. The use of LLM (Large Language Models) in financial institutions provides both opportunities and risks to financial institutions. What are those risks and opportunities? Risks to address: 1️⃣ Regulatory Compliance:
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