Frameworks, Methodology and Automation approach for Social and Climate Risks (SCR)

We see that climate change, loss of biodiversity, adverse impacts on human well-being, political unrest and economic shortcomings have enormous costs. Turning the significant risk of costs in today’s world into real opportunities isn’t simple, but a pathway. Collaboration between people and shared values can turn negative impacts in positive outcomes. How can it be achieved? For companies, there is no alternative other than the right management of Environmental, Social, and Governance (ESG) risks. Management of short-, mid- and long-term risks can support decisions for more resilient and sustainable development.

Watch the recording from the annual SAP Internal Controls, Compliance and Risk Management (CCR) Conference:

In this webinar, basic concepts around Social and Climate Risks (SCR) were presented by Mathias Nowak from United Internet and Maxim Chuprunov from Riscomp. Starting with basic terms, it showed how SCR management can be addressed by companies and institutions. Relevant frameworks and standards were presented, examples of relevant indicators were demonstrated, and an automation approach was elaborated upon.  

Attendees learned the basic concepts around Social and Climate Risks (SCR):  

• Social and Climate Risk basics  
• Relevant Frameworks and Standards  
• Examples of indicators and framework elements  
• SCR automation approach