Artificial intelligence (AI) adoption in supplier risk management and sustainability functions is increasing, but widespread integration across organisations remains limited, according to industry findings from an Achilles survey. The survey highlights that while businesses are recognising the potential of AI Read More …
Tag: ESG risk
AI Adoption in Supplier Risk and Sustainability Reaches 37%, but Integration Challenges Remain
The changing hue of Climate Risk – The Need for a Holistic Risk Literacy Framework
South Asia continues to grapple with the growing vagaries of extreme climate risks, leaving millions increasingly exposed to recurrent, devastating disasters. Communities across the region continue to confront these uncertainties, often with limited capacity and resources for recovery. The recent Read More …
Social and Governance Factors in Default Risk Assessment
The assessment of credit risk is undergoing a significant transformation as financial institutions increasingly recognise the importance of social and governance factors in predicting borrower default risk. Traditionally, credit assessment models have focused primarily on financial indicators such as income, Read More …
UNEP FI Develops Sustainability Risk Framework for Banks
The United Nations Environment Programme Finance Initiative (UNEP FI) has developed a new framework to help banks integrate sustainability-related risks into their core risk management systems. The framework is designed to support financial institutions in identifying, assessing and managing environmental, Read More …
Climate Related Financial Risk Implementation: Beyond Disclosure to Stress Testing
For years, climate risk management inside Indian banks and financial institutions revolved around one thing: disclosure. Institutions built ESG reports, published sustainability statements, and mapped their exposure to climate policies largely to satisfy regulators, investors and rating agencies. That phase Read More …
Risk Management Explained
Risk is a fundamental part of every business endeavor. It represents the chance that an unexpected event could adversely affect objectives, resources, or operations. Whether a new product launch or a merger, every strategic move carries inherent risks. Effective risk Read More …