부산대학교 도서관

This article emphasizes the importance of identifying, managing, and reporting environmental, social, and governance (ESG) risks in business operations. It highlights the financial impacts of poor risk management, such as lower revenues and higher costs. Climate change is identified as a significant ESG risk affecting various industries. The article provides a four-step framework for enhancing board oversight of ESG risks, including prioritizing and quantifying risks, visualizing and monitoring risks using risk radar maps, implementing risk responses, and ensuring board members possess expertise in ESG issues. It also suggests the establishment of a separate ESG committee for oversight. [Extracted from the article]