Season 3, Episode 3: ESG as a strategic priority

In the third episode of season 3 of the Compliance Clarified podcast Susannah Hammond is joined by Lindsey Rogerson, Helen Chan and Henry Engler to take a global look at the developing issues and what good is beginning to look like for managing ESG as a strategic priority. Virtually every industry is affected by the collective efforts of governments to tackle climate change, the effects of which have become all too stark in 2021 – those efforts have been collectively badged as ESG. In last week’s episode we spoke about diversity which has also fallen under the umbrella of ESG and is another challenge for risk and compliance functions. This episode is going to consider ESG in a much wider sense - financial services firms are, for instance, heavily involved managing the transition from a fossil fuel-dominated economy to one supported by renewable energy. As discussed in the podcast here are some additional resources: TRRI’s new ESG report https://www.thomsonreuters.com/en-us/posts/legal/esg-report-2021/ New York Fed paper that looks into stress testing banks for climate risk. https://www.newyorkfed.org/research/staff_reports/sr977 Bank of Japan statement that they will begin providing zero-interest funds to financial institutions for loans and investments that contribute to addressing climate change. https://www.boj.or.jp/en/announcements/press/koen_2021/ko211005a.htm/ ESG questions in palm oil production post compliance, reputational risk for financial firms https://www.linkedin.com/posts/helenhchan_esg-questions-in-palm-oil-production-considerations-activity-6854614204649996288-I6Rw Banks need COP26 to deliver key milestones for the transition https://www.linkedin.com/feed/update/urn:li:activity:6854715735319674881/ Further information on Thomson Reuters Regulatory Intelligence can be found at: https://legal.thomsonreuters.com/en/products/regulatory-intelligence?elqTrackId=73370082102a4669b4d34524158b501c&elqaid=3945&elqat=2