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| esg enterprise risk management: Environmental Social Governance Karlheinz Spitz, John Trudinger, Matthew Orr, 2022-03-28 Increasingly, companies are being judged by their performance in terms of Environmental Social Governance (ESG). But exactly what does it mean, and what should be done about it? While much ambiguity exists, it is no longer sufficient to negotiate the environmental assessment process successfully. ESG is an ongoing process that spans the entire life cycle of a company and its operations. This book is aimed at business leaders – senior executives and company directors – and particularly those involved in the extractive industries and other ventures that significantly affect the environment and host communities. Guidance is provided on the major ESG issues that confront all business leaders. Strategies are provided to address ESG risk and to handle crises when they occur. QUESTIONS FOR BUSINESS LEADERS: Are you at all prepared for an environmental or social crisis event? How will you cope with the unknown unknowns? What do your shareholders expect you to do about climate change? Are your employees proud of the company’s ESG performance? How does your bank evaluate your biodiversity impacts? |
| esg enterprise risk management: Enterprise Risk Management in Today’s World Jean-Paul Louisot, 2024-10-28 Enterprise Risk Management in Today’s World examines enterprise risk management in its past, present and future, exploring the role that directors and leaders in organizations have in devising risk management strategies, analysing values such as trust, resilience, CSR and governance within organizations. |
| esg enterprise risk management: Fostering Sustainable Business Models through Financial Markets Magdalena Ziolo, Elena Escrig-Olmedo, Rodrigo Lozano, 2022-09-01 The aim of this volume is to foster more sustainable business models through financial markets. To that end, it is necessary to know the main global challenges facing financial markets and their impact on creating sustainable value in business models of enterprises in the context of sustainable adaptation. The book focuses on assessing the decision criteria adopted by financial markets in the process of transaction risk valuation, in terms of the presence of Environmental, Social, and Governance (ESG) criteria, and by assessing the impact of including these criteria in the risk assessment process by financial markets in business decisions, leading as a consequence to building new value in the form of a sustainable business model. The book presents global ESG risks facing the financial markets, and discusses how ESG risks are managed and monitored, and how financial markets can measure and operationalize extra-financial risks in its assessment process. The book also analyses ESG risk implications and influences on company behavior, and the actions that companies should take considering the ESG assessment requirements of financial markets. Finally, it provides a comprehensive, structured, and systematic view of how financial markets and companies should adapt and improve their business models. The book provides unique challenges for investors, companies, financial markets, and for our society as a whole, advancing traditional risk management approaches to address global risks. |
| esg enterprise risk management: Enterprise Risk Management Mirna Jabbour, Jason Crawford, 2024-12-02 ERM is considered a dynamic capability that is critical to companies’ success from strategic and performance perspectives and is increasingly implemented in response to growing pressure from external stakeholders to enact and add legitimacy to existing management control systems. However, implementing ERM is a challenging process where success is dependent on balancing technical and social factors. This book explores the challenges of implementing ERM from technical, cognitive, and social perspectives to enhance the organisation’s capacity to generate and integrate information and knowledge about risk and uncertainty. In existing publications, ERM implementation is mainly viewed from technical or educational perspectives and treated as formal, technical, linear processes. This book takes a different stance by recognising that implementation depends on formal and informal mechanisms that require a balanced combination of technical and social approaches. It changes the paradigm to demonstrate that the implementation of ERM is not a linear process that is similar across industries and organisations, but relies on multiple dependencies such as leadership, corporate governance, and the culture of the organisation. This book will be a valuable resource for scholars, as well as upper-level students, across disciplines related to risk management, including accounting and finance, business and management, leadership, and organisational studies. |
| esg enterprise risk management: Enterprise Risk Management in Government James Kline Ph.D. CERM, 2019-11-01 ERM in Government is a no-frills step-by-step guide for implementing the International Organization for Standardization (ISO) 31000 in government. ISO 31000 is an international standard for implementing Enterprise Risk Management (ERM). In our dynamic, interconnected environment, the subject of risk management has become increasingly important. The costs of risk events are increasing as is their number. As a result, governments around the world are taking a proactive approach to risk management. They are implementing ERM. ERM process is fast becoming a minimum competency requirement for public sector managers. |
| esg enterprise risk management: Sustainable Risk Management Peter A. Wilderer, Ortwin Renn, Martin Grambow, Michael Molls, Klaus Mainzer, 2017-12-21 Here, expert authors delineate approaches that can support both decision makers as well as their concerned populations in overcoming unwarranted fears and in elaborating policies based on scientific evidence. Four exemplary focus areas were chosen for in-depth review, namely:- The scientific basis of risk management- Risk management in the area of environmental and ecological policy- Risk management in radiation medicine- Risk management in context with digitalization and roboticsGeneral as well as specific recommendations are summarized in a memorandum. Fundamental thoughts on the topic are presented in the introductory part of the book. The idea for and contents of the book were developed at a workshop on “Sustainable Risk Management: How to manage risks in a sensible and responsible manner?” held in Feldafing at Lake Starnberg (Germany) on April 14 to 16, 2016. The book offers important information and advice for scientists, entrepreneurs, administrators and politicians. |
| esg enterprise risk management: Implementing Enterprise Risk Management James Lam, 2017-03-13 A practical, real-world guide for implementing enterprise risk management (ERM) programs into your organization Enterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporations around the world. ERM empowers risk professionals to balance risks with rewards and balance people with processes. But to master the numerous aspects of enterprise risk management, you must integrate it into the culture and operations of the business. No one knows this better than risk management expert James Lam, and now, with Implementing Enterprise Risk Management: From Methods to Applications, he distills more than thirty years' worth of experience in the field to give risk professionals a clear understanding of how to implement an enterprise risk management program for every business. Offers valuable insights on solving real-world business problems using ERM Effectively addresses how to develop specific ERM tools Contains a significant number of case studies to help with practical implementation of an ERM program While Enterprise Risk Management: From Incentives to Controls, Second Edition focuses on the what of ERM, Implementing Enterprise Risk Management: From Methods to Applications will help you focus on the how. Together, these two resources can help you meet the enterprise-wide risk management challenge head on—and succeed. |
| esg enterprise risk management: Climate Change Enterprise Risk Management Martin Massey, 2022-12-03 Develop and execute a resilient climate change enterprise risk strategy that can be tailored to any organization with this essential guide for risk professionals and business leaders. Climate Change Enterprise Risk Management equips readers with a practical roadmap for how organizations can integrate climate change into their enterprise risk strategy. It offers guidance on how to secure a robust framework that can identify and manage climate threats and opportunities for a business, how to increase the visibility of climate risk management activities at board level, and how and when to implement techniques such as thresholds, mitigation strategies, monitoring capabilities and risk appetite metrics. The book covers both existing best practice risk management tools and how they can be adapted for climate enterprise risk management as well as new interdisciplinary tools like stakeholder mapping. Climate Change Enterprise Risk Management is richly supported by global examples, interviews and case studies representing a wide range of companies and industries including the insurance, finance, infrastructure, oil and gas, legal and auditing sectors. This is a must-read for all risk professionals and business leaders involved in developing and executing enterprise risk management and strategy. It will also be valuable reading for students taking modules on enterprise risk management and climate change, sustainable business and risk management. |
| esg enterprise risk management: Socio-Political Risk Management Kurt J. Engemann, Cathryn F. Lavery, Jeanne M. Sheehan, 2023-04-27 Managing risk necessitates an understanding of both how to avoid detrimental outcomes and to reap beneficial results. Organizations are regularly confronted with complex decisions involving risk and the impending consequences of the negative impact of its manifestation. However, the positive aspects of embracing risk should also be sufficiently evaluated to obtain a full assessment of opportunities. Socio-Political Risk Management: Assessing and Managing Global Insecurity covers a range of viewpoints and issues which can be applied to various organizational agency structures. These perspectives examine how social and political risk can impact an agency, and what recommendations are made to adapt, mitigate, and strengthen the organization against political risk. Accessibility to personnel and agencies via social media, the internet and public exposure compounded with political and social societal shifts have led many agencies in a constant spin to assuage and sustain viability and relevance publicly. Socio-Political Risk Management: Assessing and Managing Global Insecurity serves the readers by raising awareness and the necessity to control social and political risks in their organizations. This volume explores pathways for those in differing organizational structures to find common threads pertaining to social and political risks. An important goal of the work is also to develop a framework for managing and exploiting risk that can be applied at the organizational level. |
| esg enterprise risk management: Climate Change Risk Management in Banks Saloni P. Ramakrishna, 2023-12-04 Banks, like other businesses, endeavor to drive revenue and growth, while deftly managing the risks. Dubbed the next frontier in risk management for financial services, climate related risks are the newest and potentially the most challenging set of risks that banks are encountering. On the one hand, banks must show their commitment to becoming net zero and, on the other, help their customers transition to more sustainable operations, all this while managing climate-related financial risks. It is a paradigm shift from how the banking industry has traditionally managed risks as climate change risks are complex. They are multilayered, multidimensional with uncertain climate pathways that impact real economy which in turn influences the financial ecosystem in myriad ways. Climate Change Risk Management in Banks weaves the complete lifecycle of climate risk management from strategy to disclosures, a must-read for academics, banking professionals and other stakeholders interested in understanding and managing climate change risk. It provides much-needed insights, enabling organizations to respond well to these new risks, protect their businesses, mitigate losses and enhance brand value. Saloni Ramakrishna, an acknowledged financial industry practitioner, argues that given the uncertain and volatile climate paths, complex geopolitical patterns, and sustainability challenges, banks and business professionals will benefit from a wholistic approach to managing climate change risks. The book provides a blueprint and a cohesive framework for embracing and maintaining such an approach, in a simple and structured format. |
| esg enterprise risk management: ERM - Enterprise Risk Management Jean-Paul Louisot, Christopher H. Ketcham, 2014-06-03 A wealth of international case studies illustrating current issues and emerging best practices in enterprise risk management Despite enterprise risk management's relative newness as a recognized business discipline, the marketplace is replete with guides and references for ERM practitioners. Yet, until now, few case studies illustrating ERM in action have appeared in the literature. One reason for this is that, until recently, there were many disparate, even conflicting definitions of what, exactly ERM is and, more importantly, how organizations can use it to utmost advantage. With efforts underway, internationally, to mandate ERM and to standardize ERM standards and practices, the need has never been greater for an authoritative resource offering risk management professionals authoritative coverage of the full array of contemporary ERM issues and challenges. Written by two recognized international thought leaders in the field, ERM-Enterprise Risk Management provides that and much more. Packed with international cases studies illustrating ERM best practices applicable across all industry sectors and business models Explores contemporary issues, including quantitative and qualitative measures, as well as potential pitfalls and challenges facing today's enterprise risk managers Includes interviews with leading risk management theorists and practitioners, as well as risk managers from a variety of industries An indispensable working resource for risk management practitioners everywhere and a valuable reference for researchers, providing the latest empirical evidence and an exhaustive bibliography |
| esg enterprise risk management: Essentials of Enterprise Risk Management Rick Nason, Leslie Fleming, 2018-06-04 Enterprise risk management has never been as topical. The 2008 financial crisis, ever-present cyber-security threats, market volatility, increasing regulation, climate change, stakeholder activism and changing workforce demographics are just a few of the factors creating a focus on enterprise risk management. This book lays out the basics of enterprise risk management in a common sense and highly applicable manner. This book, intended for general managers of all levels, board of directors, students of risk management and others who need to be concerned about risk management and strategy, provides a solid base for understanding best practice in risk management. It gives readers the concepts and tools to excel in the current dynamic risk management environment and make risk management a value-adding activity within their organization. |
| esg enterprise risk management: The Business Case for Sustainable Finance Iveta Cherneva, 2012 This edited volume brings together finance industry perspectives from top global institutions, which focus on the bottom line for integrating ESG factors into the operations of the finance industry. Executives and senior practitioners answer the question: 'does following sustainable finance principles make commercial sense for a commercially-oriented financial institution, and if so, what evidence is there?' ' |
| esg enterprise risk management: The Essentials of Risk Management, Second Edition Michel Crouhy, Dan Galai, Robert Mark, 2013-12-06 The essential guide to quantifying risk vs. return has been updated to reveal the newest, most effective innovations in financial risk management Written for risk professionals and non-risk professionals alike, this easy-to-understand guide helps readers meet the increasingly insistent demand to make sophisticated assessments of their company’s risk exposure Provides the latest methods for measuring and transferring credit risk, increase risk-management transparency, and implement an organization-wide Enterprise risk Management (ERM) approach The authors are renowned figures in risk management: Crouhy heads research and development at NATIXIS; Galai is the Abe Gray Professor of Finance and Business Asdministration at Hebrew University; and Mark is the founding CEO of Black Diamond Risk |
| esg enterprise risk management: The Routledge Handbook of Accounting for the Sustainable Development Goals Andrea Venturelli, Chiara Mio, 2024-11-05 The introduction of Agenda 2030 and its 17 Sustainable Development Goals (SDGs) has traced a path for private and public entities interested in pursuing sustainable development. This handbook identifies the recent challenges in accounting research and the SDGs by exploring the evolutionary pathways and future direction of sustainability reporting. It explores the role of businesses as contributors to Agenda 2030 by assuming a multidisciplinary approach and provides a measure of organisations' contributions to the SDGs through the understanding of business strategies and policies on Agenda 2030 integration. The book represents a substantial and multi-faceted contribution to the debate on SDGs accounting by assembling international scholars and practitioners to effectively explore the practice and theory revolving around the current state of the art and highlight future research pathways. By providing a comprehensive evaluation of accounting for the Sustainable Development Goals, this volume will appeal to a wide variety of readers, from students, scholars, researchers, practitioners and policymakers interested in increasing their awareness of Agenda 2030 and offers a significant contribution to the evolution of accounting practices. |
| esg enterprise risk management: The Executive Guide to Enterprise Risk Management C. Chappell, 2013-11-26 An executive level guide to implementing or extending an enterprise risk management (ERM) framework in an organization. Avoiding complex modeling topics, and unnecessary theory, this book cuts to the heart of the topic, describing what ERM is, why it is important, what constitutes ERM and how it can be implemented to add value to an organization. |
| esg enterprise risk management: International Environmental Risk Management John Voorhees, Robert A. Woellner, 1997-10-27 International Environmental Risk Management: ISO 14000 and the Systems Approach gives readers an extensive analysis of practical applications of ISO 14000 and environmental compliance management systems. It offers a mixture of technical engineering advice, legal guidance, and common-sense business acumen. The authors explain the essentials of the standards - how they are being developed and what implications they present - and then discuss cost-benefit analyses, integration strategies, business risk control measures, litigation avoidance and legal expense reduction, and step-by-step guidance on achieving third-party certification. |
| esg enterprise risk management: Risk Management in Business: Identifying and Mitigating Risks , Welcome to the forefront of knowledge with Cybellium, your trusted partner in mastering the cutting-edge fields of IT, Artificial Intelligence, Cyber Security, Business, Economics and Science. Designed for professionals, students, and enthusiasts alike, our comprehensive books empower you to stay ahead in a rapidly evolving digital world. * Expert Insights: Our books provide deep, actionable insights that bridge the gap between theory and practical application. * Up-to-Date Content: Stay current with the latest advancements, trends, and best practices in IT, Al, Cybersecurity, Business, Economics and Science. Each guide is regularly updated to reflect the newest developments and challenges. * Comprehensive Coverage: Whether you're a beginner or an advanced learner, Cybellium books cover a wide range of topics, from foundational principles to specialized knowledge, tailored to your level of expertise. Become part of a global network of learners and professionals who trust Cybellium to guide their educational journey. www.cybellium.com |
| esg enterprise risk management: The Risk Management Handbook David Hillson, 2023-08-03 The Risk Management Handbook offers readers knowledge of current best practice and cutting-edge insights into new developments within risk management. Risk management is dynamic, with new risks continually being identified and risk techniques being adapted to new challenges. Drawing together leading voices from the major risk management application areas, such as political, supply chain, cybersecurity, ESG and climate change risk, this edited collection showcases best practice in each discipline and provides a comprehensive survey of the field as a whole. This second edition has been updated throughout to reflect the latest developments in the industry. It incorporates content on updated and new standards such as ISO 31000, MOR and ISO 14000. It also offers brand new chapters on ESG risk management, legal risk management, cyber risk management, climate change risk management and financial risk management. Whether you are a risk professional wanting to stay abreast of your field, a student seeking a broad and up-to-date introduction to risk, or a business leader wanting to get to grips with the risks that face your business, this book will provide expert guidance. |
| esg enterprise risk management: Sustainable Finance for SMEs Mauro Aliano, |
| esg enterprise risk management: Adapting and Mitigating Environmental, Social, and Governance Risk in Business Ziolo, Magdalena, 2021-04-16 Environmental, social, and corporate governance (ESG) risk considers the nonfinancial risks that could arise in a business, such as sustainability, brand reputation, legal aspects, ethics, and more. As businesses all have their own risk profiles, there is a need for risk management and mitigation that is unique for each company. Because of this variability, the study on ESG risk factors and motives of incorporating the ESG perspective into business models are crucial yet challenging. Therefore, it is important to understand how companies are adapting and mitigating ESG risk in diverse types of businesses. Adapting and Mitigating Environmental, Social, and Governance Risk in Business examines processes in enterprises that can increase the sustainability of business models and their coherence with the assumptions of the concept of sustainable development and ESG risk. Furthermore, the book explores how enterprises operating in different sectors are adapting their business models towards sustainability in order to create sustainable value. This book is a valuable tool for managers, executives, entrepreneurs, practitioners, academicians, researchers, and graduate students in finance, business, and management. |
| esg enterprise risk management: Annual Accounting and Auditing Workshop Kurt Oestriecher, Mark Beasley, 2020-07-30 Are your accounting and auditing skills up-to-date and on-par with industry standards? This guide provides updates on the latest standards, including accounting, auditing, compilation, preparation, and review. It covers important industry changes such as revenue recognition, leases, financial instruments, and SASs, and includes practical applications for each, to help you understand and apply the standards to real-life scenarios. Key topics covered include: Accounting, auditing, and attestation standards updates FASB projects and exposure drafts Private company financial reporting Revenue Recognition Leases, Financial Instruments, Peer Review, Trust Services, Cyber Security, SSAEs Going Concern; Private company financial reporting |
| esg enterprise risk management: Annual Update for Accountants and Auditors: 2020 Kurt Oestriecher, Mark Beasley, 2020-11-03 Keep abreast of the fast-paced changes in accounting and auditing with relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting, auditing, compilation, preparation, and review arenas. This book will help accountants and financial managers sort through the most recent accounting and auditing complexities so they can identify and apply recently issued FASB, PCAOB, and AICPA standards and guidance. New topics covered include: Revenue recognition Leases Financial instruments Intangible assets Consolidation Business combinations Recently issued SAS No. 134–140 Auditing interpretations Recently proposed SSAE standards Overview of SSARS guidance |
| esg enterprise risk management: Enterprise Risk Management in Europe Marco Maffei, 2021-05-04 Enterprise Risk Management in Europe advances understanding of ERM in Europe, providing a novel and unique set of perspectives on the ongoing dynamics between ERM and corporate processes. This is an essential guide for researchers, practitioners and policy makers both in and beyond European borders. |
| esg enterprise risk management: Industry 4.0 Elena B. Zavyalova, Elena G. Popkova, 2022-02-10 This book presents a scientific view of fighting climate change in the economy of the future, the foundations of which are being set around the world. The authors substantiate the potential of Industry 4.0 in stimulating sustainable development in environmental protection and preservation of natural resources. This book considers the modern experience of fighting climate change based on possibilities of Industry 4.0 at the national scale in view of developed and developing countries with a special focus on Russia and at the corporate scale by the example of transnational corporations. It determines the future contribution of Industry 4.0 into development of responsible production and consumption, and compiles the “outlines” of “green” economy in Industry 4.0. It offers recommendations for control of climate change in Industry 4.0, and presents the authors’ vision of ecological responsibility in Industry 4.0 for implementing the sustainable development goals. This book will be of interest to academics and practitioners interested in climate change and development of Industry 4.0, as well contributing to a national economic policy for fighting climate change and corporate strategies of sustainable development in Industry 4.0. |
| esg enterprise risk management: Insurance and Risk Management for Disruptions in Social, Economic and Environmental Systems Simon Grima, Ercan Özen, Rebecca E. Dalli Gonzi, 2022-01-24 Insurance and Risk Management for Disruptions in Social, Economic and Environmental Systems is a collection of 13 chapters and studies about Insurance and Risk management in response to disruptions caused by social, economic, and environmental challenges to try and stabilize the economy in an effort to ensure sustainability. |
| esg enterprise risk management: Quantitative Methods for ESG Finance Cyril Shmatov, Cino Robin Castelli, 2022-11-22 A quantitative analyst’s introduction to the theory and practice of ESG finance In Quantitative Methods for ESG Finance, accomplished risk and ESG experts Dr. Cyril Shmatov and Cino Robin Castelli deliver an incisive and essential introduction to the quantitative basis of ESG finance from a quantitative analyst’s perspective. The book combines the theoretical and mathematical bases underlying risk factor investing and risk management with accessible discussions of ESG applications. The authors explore the increasing availability of non-traditional data sources for quantitative analysts and describe the quantitative/statistical techniques they’ll need to make practical use of these data. The book also offers: A particular emphasis on climate change and climate risks, both due to its increasing general importance and accelerating regulatory change in the space Practical code examples in a Python Jupyter notebook that use publicly available data to demonstrate the techniques discussed in the book Expansive discussions of risk factor investing, portfolio construction, ESG scoring, new ESG-driven financial products, and new financial risk management applications, particularly those making use of the proliferation of “alternative data”, both text and images A must-read guide for quantitative analysts, investment managers, financial risk managers, investment bankers, and other finance professionals with an interest in ESG-driven investing, Quantitative Methods for ESG Finance will also earn a place on the bookshelves of graduate students of business and finance. |
| esg enterprise risk management: Business Sustainability, Corporate Governance, and Organizational Ethics Zabihollah Rezaee, 2019-11-06 A comprehensive framework for understanding the most important issues in global business This is the e-book version of Business Sustainability, Corporate Governance, and Organizational Ethics. In today's business environment, multinational corporations are under pressure from investors, lawmakers, and regulators to improve their corporate governance, business sustainability, and corporate culture. Business sustainability, corporate governance, and organizational ethics are taking center stage in the global business environment. This long-awaited text covers each of these three important areas in detail, guiding readers to a robust understanding with features including chapter summaries, essential terms, discussion questions, and cases for each topic covered. |
| esg enterprise risk management: Integrating Performance Management and Enterprise Risk Management Systems Rosanna Spanó, Claudia Zagaria, 2022-04-18 Integrating Performance Management and Enterprise Risk Management Systems offers a novel understanding of the multifaceted shades that surround the long called-for and yet not realised integration between performance management and enterprise risk management systems. |
| esg enterprise risk management: Mastering Financial Risk Management Barrett Williams, ChatGPT, 2024-10-16 Unlock the secrets to navigating the complex world of financial risk with Mastering Financial Risk Management. This comprehensive guide takes you on a deep dive into the intricate mechanisms that underpin the global financial landscape. Whether you're a seasoned finance professional or an ambitious newcomer, this eBook provides you with the tools and insights needed to manage risk effectively and strategically. Begin your journey with an insightful introduction to the evolution and significance of risk management in today's volatile economy. Grasp the foundational concepts and essential definitions that every finance professional should know. Delve into detailed discussions on credit and market risks, as these chapters break down everything from basic assessment techniques to advanced management strategies such as the role of credit derivatives and portfolio management. Learn to harness the power of tools like Value at Risk (VaR) and mastering hedging techniques to safeguard your investments. Explore the burgeoning field of Environmental, Social, and Governance (ESG) risks and understand their growing impact on financial decision making. Gain essential knowledge in operational risk, uncovering its sources and management frameworks to fortify your organization against unexpected disruptions. Navigate the increasingly crucial sphere of cybersecurity, learning how to identify threats and build a cyber-resilient financial infrastructure. Familiarize yourself with regulatory and compliance risks, ensuring your strategies align with the ever-evolving legal landscape. The book also tackles contemporary technological advancements such as AI, big data, and their implications for risk analysis, alongside the psychological elements affecting financial risk decisions. Prepare for the future with insights into emerging trends, challenges, and innovations shaping the world of financial risk management. With practical insights and actionable strategies, Mastering Financial Risk Management empowers you to fortify your business against uncertainty and seize new opportunities with confidence. Your journey to mastering financial risk starts here. |
| esg enterprise risk management: Implementing Enterprise Risk Management John R. S. Fraser, Betty Simkins, Kristina Narvaez, 2014-10-27 Overcome ERM implementation challenges by taking cues from leading global organizations Implementing Enterprise Risk Management is a practical guide to establishing an effective ERM system by applying best practices at a granular level. Case studies of leading organizations including Mars, Statoil, LEGO, British Columbia Lottery Corporation, and Astro illustrate the real-world implementation of ERM on a macro level, while also addressing how ERM informs the response to specific incidents. Readers will learn how top companies are effectively constructing ERM systems to positively drive financial growth and manage operational and outside risk factors. By addressing the challenges of adopting ERM in large organizations with different functioning silos and well-established processes, this guide provides expert insight into fitting the new framework into cultures resistant to change. Enterprise risk management covers accidental losses as well as financial, strategic, operational, and other risks. Recent economic and financial market volatility has fueled a heightened interest in ERM, and regulators and investors have begun to scrutinize companies' risk-management policies and procedures. Implementing Enterprise Risk Management provides clear, demonstrative instruction on establishing a strong, effective system. Readers will learn to: Put the right people in the right places to build a strong ERM framework Establish an ERM system in the face of cultural, logistical, and historical challenges Create a common language and reporting system for communicating key risk indicators Create a risk-aware culture without discouraging beneficial risk-taking behaviors ERM is a complex endeavor, requiring expert planning, organization, and leadership, with the goal of steering a company's activities in a direction that minimizes the effects of risk on financial value and performance. Corporate boards are increasingly required to review and report on the adequacy of ERM in the organizations they administer, and Implementing Enterprise Risk Management offers operative guidance for creating a program that will pass muster. |
| esg enterprise risk management: Handbook of Big Data and Analytics in Accounting and Auditing Tarek Rana, Jan Svanberg, Peter Öhman, Alan Lowe, 2023-02-03 This handbook collects the most up-to-date scholarship, knowledge, and new developments of big data and data analytics by bringing together many strands of contextual and disciplinary research. In recent times, while there has been considerable research in exploring the role of big data, data analytics, and textual analytics in accounting, and auditing, we still lack evidence on what kinds of best practices academics, practitioners, and organizations can implement and use. To achieve this aim, the handbook focuses on both conventional and contemporary issues facing by academics, practitioners, and organizations particularly when technology and business environments are changing faster than ever. All the chapters in this handbook provide both retrospective and contemporary views and commentaries by leading and knowledgeable scholars in the field, who offer unique insights on the changing role of accounting and auditing in today’s data and analytics driven environment. Aimed at academics, practitioners, students, and consultants in the areas of accounting, auditing, and other business disciplines, the handbook provides high-level insight into the design, implementation, and working of big data and data analytics practices for all types of organizations worldwide. The leading scholars in the field provide critical evaluations and guidance on big data and data analytics by illustrating issues related to various sectors such as public, private, not-for-profit, and social enterprises. The handbook’s content will be highly desirable and accessible to accounting and non-accounting audiences across the globe. |
| esg enterprise risk management: The Sustainable Business Blueprint Zabihollah Rezaee, 2024-08-14 Understanding how to build and manage a sustainability business plan has become a business imperative as investors demand, regulators require, and stakeholders increasingly expect companies to report their financial economic sustainability performance (ESP) and non-financial environmental, social, and governance (ESG) sustainability information. This book provides both the rationale for and key practical steps in how to approach business sustainability factors of planning, performance, risk, reporting, and assurance. This comprehensive book covers all the areas that a business would need to embed, articulate, and execute a strategy of profit-with-purpose in promoting shared value creation for all stakeholders. It addresses drivers, sources, and international guidelines (GRI, IIRC, SASB, FASB, PCAOB, IAASB, ISSB) for prioritising business sustainability factors, and establishing the link between ESG performance and financial performance. It presents key performance indicators (KPIs) of ESP and ESG dimensions of sustainability performance. It also provides templates for performance, risk, and disclosure; presenting cases and examples of why to disclose ESG performance, what to disclose, and where and how to disclose ESG performance information. For businesses wanting a detailed understanding of how to deliver on these important areas, including boards of directors, senior management, financial officers, internal auditors, external auditors, legal counsel, investors, and regulators, this book is an invaluable resource. |
| esg enterprise risk management: Enhancing Business Continuity and IT Capability Nijaz Bajgorić, Lejla Turulja, Semir Ibrahimović, Amra Alagić, 2020-12-01 Enterprise servers play a mission-critical role in modern computing environments, especially from a business continuity perspective. Several models of IT capability have been introduced over the last two decades. Enhancing Business Continuity and IT Capability: System Administration and Server Operating Platforms proposes a new model of IT capability. It presents a framework that establishes the relationship between downtime on one side and business continuity and IT capability on the other side, as well as how system administration and modern server operating platforms can help in improving business continuity and IT capability. This book begins by defining business continuity and IT capability and their importance in modern business, as well as by giving an overview of business continuity, disaster recovery planning, contingency planning, and business continuity maturity models. It then explores modern server environments and the role of system administration in ensuring higher levels of system availability, system scalability, and business continuity. Techniques for enhancing availability and business continuity also include Business impact analysis Assessing the downtime impact Designing an optimal business continuity solution IT auditing as a process of gathering data and evidence to evaluate whether the company’s information systems infrastructure is efficient and effective and whether it meets business goals The book concludes with frameworks and guidelines on how to measure and assess IT capability and how IT capability affects a firm’s performances. Cases and white papers describe real-world scenarios illustrating the concepts and techniques presented in the book. |
| esg enterprise risk management: The Sustainable Enterprise Fieldbook Jeana Wirtenberg, Linda M. Kelley, David Lipsky, William G. Russell, 2018-09-03 With deep thought and inspiring examples, this updated book engages readers by increasing their understanding and awareness of what sustainability means conceptually, practically, personally, and professionally. It provides readers with the tools and techniques to improve the social, environmental, and economic performance of their organizations in both the short and long term. Since sustainability is not achieved in a siloed environment, everyone has a critical role to play on this journey. The Sustainable Enterprise Fieldbook, with full companion materials at https://TheSustainableEnterpriseFieldbook.com, engages today’s managers and leaders of organizations, in both the private sector and civil society, who are being challenged as never before to find ways to play a proactive role in understanding and addressing the risks and opportunities of sustainability. It teaches them how to apply systems thinking to turn our most intractable problems into exciting business opportunities, and offers ground breaking frameworks in new chapters on globalization, strategy, metrics, and sustainability models for collaboration, technology, and community. That is why this book is structured to be a fieldbook to provide practitioners the Activities, Cases, and Tools that they can use to help move their enterprise through progressively higher performing stages of sustainability. Readers also have access to the innovative Living Fieldbook, an online community forum filled with supporting materials: https://www.thesustainableenterprisefieldbook.com/webinars.html. |
| esg enterprise risk management: Financial Evaluation and Risk Management of Infrastructure Projects Petroutsatou, Kleopatra, Zopounidis, Constantin, 2023-11-07 In light of the recent financial crisis in Europe and the increasing importance of sustainability in construction, insights and practical guidance for financial evaluation and risk management of infrastructure projects are extremely valuable for a well-planned future. It can make a massive difference in the outcomes of construction projects that have access to the future economic benefits approach to asset valuation as a correct asset management accounting to prevent over and underestimation of investments and repair debt. The Financial Evaluation and Risk Management of Infrastructure Projects is a comprehensive guide for professionals and students in the fields of construction and investment, as well as financial and investment institutions. It emphasizes the importance the life cycle cost of infrastructure projects and cost-benefit analysis in optimizing investments, as well as highlighting the need for cost-effective and sustainable infrastructure projects that incorporate value for money construction solutions while considering all risks involved. This book is ideal for professionals in construction, investment institutions, and financial and investment institutions, as well as for students in construction and investments. With the recent financial crisis in Europe and the growing focus on sustainability in construction, this guide offers practical insights and guidance for financial evaluation and risk management of infrastructure projects. |
| esg enterprise risk management: Fundamentals of Risk Management Paul Hopkin, 2017-01-03 Fundamentals of Risk Management, now in its fourth edition, is a comprehensive introduction to commercial and business risk for students and a broad range of risk professionals. Providing extensive coverage of the core frameworks of business continuity planning, enterprise risk management and project risk management, this is the definitive guide to dealing with the different types of risk an organization faces. With relevant international case examples from both the private and public sectors, this revised edition of Fundamentals of Risk Management is completely aligned to ISO 31000 and provides a full analysis of changes in contemporary risk areas including supply chain, cyber risk, risk culture and improvements in risk management documentation and statutory risk reporting. This new edition of Fundamentals of Risk Management has been fully updated to reflect the development of risk management standards and practice, in particular business continuity standards, regulatory developments, risks to reputation and the business model, changes in enterprise risk management (ERM), loss control and the value of insurance as a risk management method. Also including a thorough overview of the international risk management standards and frameworks, strategy and policy, this book is the definitive professional text for risk managers. |
| esg enterprise risk management: Business Risk Management Handbook Linda S Spedding, Adam Rose, 2007-11-14 Provides a practice-oriented overview of risk management issues with particular reference to identifying and measuring risk. Looks at some of the current risk issues and the concept of organisations creating a 'Sustainable Enterprise Risk Management' (SERM) methodology to encapsulate these risk areas with more traditional areas of risk management. Includes examples and case studies. Examines new research on the social and environmental categories of sustainability related risks. |
| esg enterprise risk management: The Future of Risk Management Howard Kunreuther, Robert J. Meyer, Erwann O. Michel-Kerjan, 2019-07-26 Whether man-made or naturally occurring, large-scale disasters can cause fatalities and injuries, devastate property and communities, savage the environment, impose significant financial burdens on individuals and firms, and test political leadership. Moreover, global challenges such as climate change and terrorism reveal the interdependent and interconnected nature of our current moment: what occurs in one nation or geographical region is likely to have effects across the globe. Our information age creates new and more integrated forms of communication that incur risks that are difficult to evaluate, let alone anticipate. All of this makes clear that innovative approaches to assessing and managing risk are urgently required. When catastrophic risk management was in its inception thirty years ago, scientists and engineers would provide estimates of the probability of specific types of accidents and their potential consequences. Economists would then propose risk management policies based on those experts' estimates with little thought as to how this data would be used by interested parties. Today, however, the disciplines of finance, geography, history, insurance, marketing, political science, sociology, and the decision sciences combine scientific knowledge on risk assessment with a better appreciation for the importance of improving individual and collective decision-making processes. The essays in this volume highlight past research, recent discoveries, and open questions written by leading thinkers in risk management and behavioral sciences. The Future of Risk Management provides scholars, businesses, civil servants, and the concerned public tools for making more informed decisions and developing long-term strategies for reducing future losses from potentially catastrophic events. Contributors: Mona Ahmadiani, Joshua D. Baker, W. J. Wouter Botzen, Cary Coglianese, Gregory Colson, Jeffrey Czajkowski, Nate Dieckmann, Robin Dillon, Baruch Fischhoff, Jeffrey A. Friedman, Robin Gregory, Robert W. Klein, Carolyn Kousky, Howard Kunreuther, Craig E. Landry, Barbara Mellers, Robert J. Meyer, Erwann Michel-Kerjan, Robert Muir-Wood, Mark Pauly, Lisa Robinson, Adam Rose, Paul J. H. Schoemaker, Paul Slovic, Phil Tetlock, Daniel Västfjäll, W. Kip Viscusi, Elke U. Weber, Richard Zeckhauser. |
| esg enterprise risk management: Enterprise Risk Management John R. S. Fraser, Rob Quail, Betty Simkins, 2021-06-04 Unlock the incredible potential of enterprise risk management There has been much evolution in terms of ERM best practices, experience, and standards and regulation over the past decade. Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives, Second Edition is the revised and updated essential guide to the now immensely popular topic of enterprise risk management (ERM). With contributions from leading academics and practitioners, this book offers insights into what practitioners are doing and what the future holds. You’ll discover how you can implement best practices, improve ERM tools and techniques, and even learn to teach ERM. Retaining the holistic approach to ERM that made the first edition such a success, this new edition adds coverage of new topics including cybersecurity risk, ERM in government, foreign exchange risk, risk appetite, innovation risk, outsourcing risk, scenario planning, climate change risk, and much more. In addition, the new edition includes important updates and enhancements to topics covered in the first edition; so much of it has been revised and enhanced that it is essentially an entirely new book. Enterprise Risk Management introduces you to the concepts and techniques that allow you to identify risks and prioritize the appropriate responses. This invaluable guide offers a broad overview, covering key issues while focusing on the principles that drive effective decision making and determine business success. This comprehensive resource also provides a thorough introduction to ERM as it relates to credit, market, and operational risk, as well as the evolving requirements of the board of directors’ role in overseeing ERM. Through the comprehensive chapters and leading research and best practices covered, this book: Provides a holistic overview of key topics in ERM, including the role of the chief risk officer, development and use of key risk indicators and the risk-based allocation of resources Contains second-edition updates covering additional material related to teaching ERM, risk frameworks, risk culture, credit and market risk, risk workshops and risk profiles and much more. Over 90% of the content from the first edition has been revised or enhanced Reveals how you can prudently apply ERM best practices within the context of your underlying business activities Filled with helpful examples, tables, and illustrations, Enterprise Risk Management, Second Edition offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing ERM. |
ESG是什么概念？ - 知乎
esg概念最早由联合国环境规划署在2004年提出，2014年以来，esg资产管理规模以每年25%的速度增长。 目前，越来越多的公司、投资者，甚至是监管机构都开始关注ESG，全球范围内各大证券交易所也已在ESG方面布 …
ESG 在中国的发展状况和前景如何？ - 知乎
esg报告和审计报告不一样，不是一个第三方机构带着审查的眼光去评判的，而是公司内部自己内生出来的文本，你可以想象这种文本的“风味”如何。那些非常核心的问题，或者说esg报告里比较贴近本质的东西，是没有公司敢 …
esg都是做哪些工作的？ - 知乎
esg岗位主要工作内容有哪些？想拿到esg岗位offer需要做哪些准备？ 如果你对esg感兴趣，想更多了解esg相关的内容，我推荐你来听一下这节课。课程会详细讲解“esg是什么？为什么要学esg？esg投资机会以及esg在金 …
ESG是什么，为什么现在企业都在做ESG报告？ - 知乎
企业做esg并不能直接赚到钱，esg披露是监管的要求，也是企业全面展示自身价值的机会，有利于吸引投资、提升自身融资能力。 我们整理了几乎所有上市的EGS报告，也包含顶尖咨询公司（MBB\埃森哲等）、金融机 …
ESG证书的含金量高吗？ - 知乎
目前的esg正处于构建生态体系的阶段。最终，esg也会像财务报告一样，构成一个完善的系统。企业有专门的esg人员负责编esg报告，就如同企业有财务人员负责编写财务报告一样。同时，外部esg咨询公司可以指导企 …
Sustainability Reporting Frameworks - GE
Risk Management Disclose how the organization identifies, assesses, and manages climate-related risks. Our Process: How GE Operates to Succeed in Our Mission — Integrated …
OUR APPROACH TO ESG RISK & SUPPLIER MANAGEMENT
LEVERAGING ADVANCED TOOLS TO ASSESS ESG RISK & PERFORMANCE Coupa Risk Assess (CRA) CRA is a third-party risk management tool that enables Hilton to collect supplier …
2024 ESG Summary 202 - healthforhumanityreport.jnj.com
2024 ESG Summary ESGaterstgy J&J integrates ESG into our business strategies, starting at the highest levels of leadership, where the Board has overall accountability for ESG risk …
Contribute to the creation, - duopharmabiotech.com
The Enterprise Risk Management Framework is aligned to the ISO 31000 Risk Management Principles and Guidelines. The framework defines the policy and objectives and sets the risk …
Environmental, social, and governance (ESG) transformation
should then integrate ESG topics into the enterprise risk management (ERM) process, given how prevalent ESG-related risks are. In the proposed SEC rule, there is no requirement on the …
Integrating climate risks in the risk management …
focused on the integration of climate risk management in the enterprise risk management framework. It can be expected that other companies in the financial services sector will have to …
Climate Risk Integration Framework - BSR
The Climate Risk Integration Framework is intended to guide companies through the process of identifying, assessing and prioritizing climate risks, and integrating that process into existing …
ESG Oversight: The Board’s Role and Focus - KPMG
ESG journey – including how material ESG risks are identified and assessed in line with the organisation’s risk appetite. Embedding ESG identification and assessment into the existing …
PNC TCFD Progress Update - PNC Bank
(day-to-day oversight of ESG strategy and ESG risks and opportunities) ENTERPRISE RISK MANAGEMENT COMMITTEE Oversight of ESG risk management process, including climate …
ESG risk assessment in supply chains - mkto.deloitte.com
developing risk language, risk categorization and impact scoring criteria that considers ESG risks with appropriate level of detail. •This may cover the supply chain risk management …
Enterprise risk management (ERM): The modern approach …
modernize their risk management approaches. This dedicated series on ERM is meant to help prepare the leaders of private companies and family-owned enterprises as they seek to build …
ESG financial risk management - PwC
only gives a clear picture of the company’s current ESG risk position, but also that has predictive power and can actually be used to profile the company’s strategic steps with regard to ESG …
PENGARUH PENGUNGKAPAN SUSTAINABILITY REPORT …
sustainability report can moderate the relationship of Enterprise Risk Management (ERM) disclosure to company performance. Keywords: Sustainability Report, Enterprise Risk …
Integrating ESG risks into the enterprise risk management …
Integrating ESG risks into the enterprise risk management framework 8 Terms and conditions The registration form is a legally binding agreement between Euronext Corporate Services Italy …
Environmental ESG Whitepaper - Axa XL
an enterprise risk management lens to identify the ESG factors that are most material/impactful to financial performance. The materiality assessment process helps organizations identify, …
Guidance Notice on Dealing with Sustainability Risks - BaFin
6 Risk Management 26 6.1 General requirements for the integration of sustainability risks into the risk identification, management and control processes 26 6.2 Methods 27 6.3 Use of risk …
2023 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) …
}Integrating sustainability into our Enterprise Risk Management Program Left: A robust cyber security program is a critical component of good governance. Hackensack Meridian Health …
Global Perspectives & Insights: The ESG Risk Landscape
The ESG Risk Landscape PART 1: Understanding ESG Reporting Standards in 2022 and Beyond PART 2: Implementation, reporting, ... Deon Annandale is the CAE and general manager of …
Environment. Social. Governance DATA BOOK - Havells
senior management. Governance around material ESG aspects, including climate-related risks and opportunities, is managed by two Board-level committees. These committees evaluate …
Future of risk
governance (ESG); IT and cyber risk. Interestingly, the second-biggest priority is to leverage advanced analytics and AI for risk management. Additionally, a vast majority (90 percent) of …
Integrating Balanced Scorecard and Enterprise Risk …
business in today’s environment is to “balance risk.” Enterprise Risk Management (ERM) is one technique that has been developed to meet the challenge of doing business in an increasingly …
ESG Risk Analytics & Stakeholder Reporting - HCLTech
Jan 24, 2022 · of risk, referred to as ESG risk. ESG risk drivers and sustainability issues in the banking sector highlight various options to embed them into enterprise risk management …
Enterprise Risk Management and ESG - BJC
management committee meetings to make understand how the risk response strategy is working and whether the objectives are being achieved. Reporting •The Risk Management …
ENTERPRISE RISK MANAGEMENT PERUSAHAAN DENGAN …
Enterprise Risk Management (ERM) is a framework for managing corporate risk in a comprehensive, structured and integrated manner. Value for the company will be created and …
Integrating ESG Risks into the Enterprise Risk Management …
Integrating ESG risks into the enterprise risk management framework 8 Terms and conditions The registration form is a legally binding agreement between Euronext Corporate Services Italy …
FY22 ESG+R Report - DC Water
Enterprise Risk Management + ESG In our first year, we established a foundation: our ERM framework, governance structure, and a process to assess risk. We developed our first …
2023 ESG Investment Stewardship Report
establishing our culture and creating awareness that risk management is everyone’s responsibility. As such, Executive Management, with oversight of the Board of Directors, is …
Integrating ESG risks into the enterprise risk management …
Integrating ESG risks into the enterprise risk management framework 8 Terms and conditions The registration form is a legally binding agreement between Euronext Corporate Services Italy …
LINEA GUIDA “ENTERPRISE RISK MANAGEMENT” - snam.it
Linea Guida “Enterprise Risk Management” 6 Internal (iv) il Collegio Sindacale, anche in qualità di “comitato per il controllo interno e la revisione contabile” ai sensi del D.Lgs. 39/2010, vigila …
SERVING CANADIANS WITH PURPOSE - Dollarama
of ESG risks as part of its enterprise risk management responsibilities, while the Nominating and Governance Committee specifically oversees human rights risks. For both committees, their …
Enterprise risk management
company strategy, our risk exposure and our ways of working. The Risk Committee of the Board of Directors is responsible for overseeing the risk management framework and processes. …
Dun & Bradstreet | A Practical Guide to ESG Data and Tools
RISK MANAGEMENT A Practical Guide to ESG Data and Tools 06 A Key Shift: Public Equities to Private Markets Until recently, ESG was chiefly associated with ... rose to the #2 spot on the …
The Impact of ESG Performance on Enterprise Risk
是本文从行业属性角度出发，揭示了esg 表现影响企业风险的异质性特征，为esg 表现对企业风险的 积极作用，为进一步完善esg 激励政策提供有益参考。 2.2. 研究假说 esg 表现这一指标在 …
ON MANAGEMENT AND SUPERVISION OF ESG RISKS FOR …
ESG risk-related strategic objectives and/or limits Determinations which aim at managing an institution’s exposure to ESG risks, over the short -, medium and long term time horizons. …
STRATEGIC ESG FOR BUSINESS SUSTAINABILITY & GROWTH
1.2: Business Case for ESG in Strategy, Risk, and Reputation 1.3: ESG as a Value Driver for Long-Term Growth 1.4: Understanding ESG Ratings, Indices, and Market Perceptions Module …
Truist 2022 ESG Disclosure Summary
Incorporation of ESG factors in credit FN-CB-410a.2 (3) Policies that determine approach to incorporation of ESG factors in credit analysis Consistent with Truist’s established enterprise …
SEC Guidelines on Sustainable Financial Principles for the …
Development of appropriate ESG reporting criteria: Entities should set criteria for reporting their ESG risk assessment processes on their business operations and activities. Frequency and …
2024 SAIC TASK FORCE ON CLIMATE-RELATED FINANCIAL …
integration of ESG principles into our business strategy. In 2022, we created the Office of ESG Integration to better ensure alignment among ESG governance, Board direction and our …
Key Actions for Establishing Effective Governance Over ESG …
guidance for incorporating ESG-related risks into broader enterprise risk management is the COSO and WBCSD publication, Guidance for Applying Enterprise Risk Management (ERM) to …
Marsh McLennan 2023 ESG report
Management ESG Committee The Management ESG Committee supports the Marsh McLennan Board and Executive Committee in identifying, aligning and prioritizing new and existing ESG …
Ensuring our future - TIAA
zero commitments, our enterprise risk management functions have begun to build the risk management approaches to enhance our understanding of climate-related risks affecting our …
Integrated Thinking and Sustanability - The Institute of …
• Risk management (as exemplified by COSO’s Enterprise Risk Management – Integrating with Strategy and Performance Framework). • Independent and objective assurance and advice …
GOVERNANCE AND MANAGEMENT - Hilton
Enterprise Risk Management System. Questions on those issues are fully embedded in our internal Global Enterprise Risk Survey, which is distributed to more than 270 Hilton leaders. …
The Way We Manage Risks - PETRONAS Global
Enterprise Risk Management Structured and holistic approach to identify, assess, manage and monitor risks. The aim is to REDUCE the ... (ESG) related exposures including climate change …
EGCO Sustainability Manual
Governance, Risk and Compliance Stakeholder Engagement Monitoring and Reporting Integrate ESG issues into formal accountability process in place at the company Manage core ESG …
Marsh McLennan 2023 ESG report
Management ESG Committee The Management ESG Committee supports the Marsh McLennan Board and Executive Committee in identifying, aligning and prioritizing new and existing ESG …
Putting ESG at Our Core - Axis Bank
climate-related risk management capabilities at the enterprise level, strengthen our organisational core, and contribute to India’s larger climate goals. We have also strengthened the integration …
TCFD Report 2023 - Synchrony
Our Chief Risk Officer manages our independent risk management team and, as the chair of our Enterprise Risk Management Committee (ERMC), is responsible for establishing and …
Exploring the impact of ESG factors on corporate risk: …
porate risk management, concluding that enterprise risk management enhances corporate risk management as it allows for better identication and evaluation of risks and ... porate risk, to …
