Expectations as to what is “responsible” are changing, thanks to the SDGs and also the ever increasing spread of social media.
Not making the right decisions around socially responsible investments can liquidate trust, financial stability and corporate reputation. These statements are not new. Learning from corporate failures in different industries and varying thought domains, though, can enhance conversations and mitigation strategies.
Join Dr. Gordon as she uses the natural resource sector (mining) as an example on how ERM and CSR can align together to make better informed decisions. She shares key insights from the 2019 UK conference on responsible investing, where several different stakeholders were engaged to define and explore:
- how traditional ethical investments may have unintended consequences;
- what data to use for metrics given the interconnected complexity of social behaviour and expectations around being responsible
- approaches/frameworks to better incorporate human, social, environmental and governance factors into risk decisions;
- how leaders can initiate truly difficult conversations with senior leadership—the ones that decide human rights, human life, cultural differences, environmental invasions vs risk and reward/profit; and
- how these conversations could be framed and addressed through risk appetite.
Dr. Sarah Gordon has worked in a number of fields including risk and assurance, safety, sustainability, R&D, business divestment, mine and exploration geology. In 2014, Sarah left Anglo American plc (as Head of Assurance – Safety & Sustainable Development (S&SD), Africa, and Risk Analysis Manager – S&SD Global) to co-establish the risk consultancy and training organisation (Satarla). Satarla focuses on providing individuals, teams, and organisations with simple, practical and effective tools to implement risk management and assure it’s successful implementation and effectiveness.
Ollie de Boer is an enterprise risk and project management professional who helps organisations improve their approach to managing risk through practical risk management. He has been working with risk data for 10 years, starting at the Ministry of Justice (UK). As the Software Lead at Satarla, he specialises in risk management software advisory services, helping clients to identify technology solutions that meet their needs, source and implement them. He has worked on both large and small scale implementations for organisations in security, agriculture, mining, utilities and financial services.