ESG is under attack and, in some cases, rightly so. Here's an overview of some of the issues it's facing and why it's time to break up the ESG party.
Data or information by itself is meaningless. For it to be useful, we need to add context. This is the difference between information and intelligence: once we've analyzed the information and put it into context, the resultant intelligence gives us an understanding of a situation. Developing this context can be difficult but this technique of applying different lenses will help you establish context and put your information to work quickly.
Instead of wishing bad news away, or trying to assert your will over something that's outside your control, focus on what you can control and respond appropriately. That will keep your preparations and response to whatever comes at you grounded in the real world, not built on a fantasy of control that doesn't exist.
I started the KISS risk management project five years ago with the idea that risk management was being made too complicated and there were too many gatekeepers in the way. So after five years, I thought it was worth taking stock and seeing what I've learned along the way. I've summarized five big things I've learned below - all of which are, hopefully, takeaways that will benefit you too.
Beginning any career or specialist field can be daunting and getting started in risk management is no different. There are many challenges out there and some will continue to crop up as long as you are practicing risk management. Here, in no particular order, are 10 risk management skills or abilities you should look to develop as you embark on your career as a risk manager.
Becoming a risk manager can seem to be more art than science. There's not a clear pathway from degree to junior risk manager to senior risk manager to CRO (Chief Risk Officer). However, there is a way. Here are some techniques that you can use to move into and progress in the field.
Asking 'what is a risk manager?' will get you poor, confusing results. So here's a full explanation of the role to help you get started.
We're adding a blockchain registry to DCDR to create a two-level process for verification during audit or investigations. First, records can be verified against the DCDR registry to determine provenance. Second, the DCDR registry can also be verified against the archived versions stored in a third-party distributed registry.
It’s as easy as 1, 2, 3 with DCDR
Apply the 80/20 rules to your risk management portfolio. That's going to help focus on what's most critical and identity the mitigation that will give you the most bang for your buck.