By Daniel Webster, dWeb.News Publisher
OVERLAND PARK, Kan.–(BUSINESS WIRE)–Archer(r), an RSA(r) business, today announced the launch of the Archer ESG solution to help organizations prepare for increased pressure to track and report on the progress of their Environmental, Social and Governance (ESG) programs. COVID-19, dramatic climate change, and more evident social discord have brought ESG to new levels of prominence for both internal and external stakeholders.
Internally, reporting on ESG-related programs’ progress is no longer an annual task. It now requires near-real-time visibility into impacts and risks. Investors and other stakeholders are keen to see that the companies they invest in will survive and thrive in the future. ESG programs are a crucial element of overall sustainability.
“Risk Management has been consistently on the rise with Boards and C-suites,” stated Bill Diaz, Archer CEO. ESG will accelerate that transition, as well as putting a greater emphasis on the governance of ESG programs. These programs quickly become marketing-driven promises and enterprise-wide programs that require careful risk assessment, reporting, auditing, and response.
Emerging regulations related to ESG are driving the need for organizations to organize and improve their ability to track and report ESG risks. In the U.S., Commissioner Gensler of the Securities and Exchange Commission (SEC) has indicated that the SEC would respond with a proposed mandatory climate risk disclosure rule by the end of 2021, while Europe is expected to transpose the Corporate Sustainability Reporting Directive (CSRD) by the end of 2022 for an application date in early 2023, with the possibility that “reasonable” assurance is made mandatory once the EU reporting standards are introduced.
”These emerging regulations reflect government and investor concerns about the viability, the sustainability, of companies in the face of climate change, pace of technology advancements, and growing social discord in the developed world,” said Peadar Duffy, Global ESG Practice Lead at Archer.
Archer’s ESG solution takes advantage of the platform’s experience in integrating risk across multiple domains. This is due to its highly configurable nature. Archer ESG offers enterprise-wide assessment, mapping and monitoring as well as reporting and quantification of an organization’s governance, environmental, and social programs. This solution gives business leaders an integrated view of how the organization’s value chain is performing in meeting its sustainability and social goals. Archer ESG allows ESG data to easily be gathered and integrated into Archer IRM platform. ESG management is part of an Archer IRM program that provides executives and business leaders with quantifiable data. This gives them the tools and insight they need to protect their business and adhere to their ESG policies.
“Where corporate social responsibility (CSR) and sustainability were too often, but not always, pushed from a marketing perspective, ESG has the momentum and force to become a significant measurement of the integrity of the organization,” said Michael Rasmussen, analyst at GRC20/20. “Organizations need to restructure their approach to GRC, and its components of governance, risk management, and compliance, to embrace and deliver on ESG monitoring and reporting.”
To learn more about the Archer ESG solution, visit http://www.ArcherIRM.com/ESG.
Archer is an RSA company that provides integrated risk management (IRM), solutions that allow customers to make better strategic decisions and improve operational resilience. Archer is a true pioneer in GRC software. They are dedicated to helping customers understand risks holistically through engaging stakeholders. Archer leverages a modern platform that covers key domains of risk, and supports analysis driven both by IT and business impacts. The Archer customer base represents one of the largest pure risk management communities globally, with over 1,800 deployments including more than 50% of the Fortune 500. Visit http://www.ArcherIRM.com.
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