Workshop overview:

Whilst more progress has been achieved in embedding ESG into financial risk frameworks, such as credit and market, understanding of operational risk integration is still developing.

This interactive workshop provides a succinct, practical overview of key ESG components and offers a step-by-step guide to integrating ESG risk management into the operational risk framework. The environmental, in particular climate-related, aspect follows Prudential Risk Authority’s (PRA) guidance and international standards, as more literature is available on the subject; whilst an innovative approach is proposed for social and governance integration.

The session builds participants’ understanding of ESG. It focuses on tools such as Risk Events, RCSAs, and Scenarios, with added coverage of the evaluation and management of reputational risk emanating from ESG factors. The course features group studies that explore how peers have approached the topic.

The course is structured to provide delegates with crucial knowledge and ample opportunities for group work and discussion, to address emerging themes and benchmark solutions with peer firms. It contains practical tips and hints and ends with a Make a Difference discussion, where attendees share takeaways that will make a real difference to their organisation.

The course is based on a best-selling book, Operational Risk Management of Financial Services: A Practical Guide to Establishing Effective Solutions, which serves as a base for the course materials and enables continuous learning.

Learning outcomes:

  • understand ESG definitions and aspects
  • differentiate between physical, transition and liability risks
  • find meaningful ways to incorporate ESG into operational risk frameworks
  • examine impact on key tools: Risk Events, Risk Assessments and Scenario Analysis
  • perform a deep dive into ESG in the context of reputational risk
  • Make a Difference: develop a plan on how you will progress ESG integration.

Interested in taking any of our workshops in-house

Whether you are seeking to upskill your team, enhance productivity or foster a culture of continuous learning, we can deliver customised training programmes designed to meet your specific needs. If you have an enquiry, you can complete the in-house form and our training team will be in touch with next steps.

Elena Pykhova

Elena Pykhova

Trainer

Elena Pykhova is award-winning risk expert, author, international trainer and educator. She is the founder of a boutique risk management consultancy, ...

Elena Pykhova is award-winning risk expert, author, international trainer and educator. She is the founder of a boutique risk management consultancy, The OpRisk company, specialising in risk transformation, board and executive level advice on effective operational and enterprise risk management strategy, design and implementation. Elena is an author of a best-selling book, Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions

She is a renowned educator, running public and in-house training courses in the UK and internationally for world-leading organisations including Euronext, the Moller Center Cambridge University and the Institute of Internal Auditors. Elena is a thought leader, influencer and founder of a prominent industry think tank, the Best Practice Operational Risk Forum. She is a former Director for Education at the Institute of Operational Risk and chair of the Expert Panel for the Association of Foreign Banks. Passionate about the discipline, she founded her training and consulting practice after 20 years of experience in senior roles at Fortune 500 companies. 

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This is an essential course for all individuals responsible for implementing ESG risk management practices in their organisations or those interested in staying current and improving their ESG risk solutions, including:

  • operational risk
  • enterprise risk
  • sustainability / ESG teams
  • compliance
  • internal audit
  • Directors and Senior Executives
  • individuals responsible for implementing ESG risk management practices within their organisation