FinCrime’s Wider Responsibility- Environmental, Social and Governance Reporting in FinCrime Compliance A presentation by Michael Rasmussen

In a world increasingly concerned with nurturing sustainability, businesses now take a greater interest in the wider impacts that they have on the environments and societies in which they operate. As part of this trend, Environmental, Social and Governance (ESG) reporting has become a common feature of how businesses seek to manage and explain their approach to these issues to regulators, investors, customers and employees.

Nonetheless, despite its recent spread, ESG reporting is often not fully understood, even in compliance tems. Although the issue of environmental impact is well-known, the full gamut of social concerns that need to be covered in ESG, from privacy, modern slavery, through to inclusion and diversity – are much less appreciated, as too is the role that governance needs to play in the management of financial crime risks such as fraud, bribery and corruption. To have an effective ESG program requires that financial crime compliance teams be a critical part of the reporting strategy.

In this session, Michael Rasmussen, aka ‘The GRC Pundit’, will help participants think through the essentials of an effective ESG program, and will cover: challenges of definition and scope; the clarification of regulatory and stakeholder requirements; the role that financial crime compliance teams need to play; and strategy and processes of ESG reporting. Michael is an internationally recognised commentator and consultant on Governance, Risk and Compliance (GRC) – a term he himself coined – and has over three decades of experience in the field. A popular presenter from our March conference, we are delighted to welcome him back.