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Environmental and Social Governance (ESG) Special Interest Group

Purpose and scope of the group

IRM ESG SIG definition of Environmental and Social Governance (ESG): the governance of purpose-driven organisations with the intention of fulfilling their social responsibilities in an ethical and sustainable manner.

The IRM Environmental & Social Governance interest group supports the United Nations Sustainable Development Goals (UN SDGs)

 

The importance of Environmental and Social Governance is now recognised by organisations operating in the private, not-for-profit and public sectors. The purpose of this SIG is to address ESG matters taking a risk sector-wide and global governance perspective. The proposed IRM ESG SIG is needed to:

1) Provide a forum for the international IRM risk community to share knowledge and experience on ESG matters.

2) Coordinate the ESG activities already being undertaken by IRM members on behalf of the institute, i.e. governance conference, articles, thought leadership, webinars, international standards making, academic and professional body liaisons.

3) Inform other IRM Interest Groups of current ESG matters.

4) Gain recognition of the pivotal role the risk professional has in the ESG space.

5) Support the IRM to stand out as a leader in the field of ESG.

 

Aims and strategic goals

The priority is to set up this IRM committee to lead the institute's activities in relation to ESG. Activities planned are to:

1) Formally establish the committee and schedule quarterly meetings.

2) Organise a series of events for the international risk community to share knowledge and best practice, in the first instance, drawing on committee members' expertise in aspects.

3) Promote the role of the risk professional in the ESG space.

4) Disseminate key findings on ESG to other IRM groups.

5) Establish links with academic and industry experts.


Group Chair Anita Punwani was recently interviewed by the BBC on reputation risk, view the interview by clicking on the image below.

 


Committee members

Anita Punwani CFIRM, Passion for promoting the role of risk management in ESG and achievement of the UN SDGs.

- IRM Chair, Environmental & Social Governance SIG. Former IRM Deputy Chair & Non-Executive Board Director. Interviewed by BBC & CNBC in raising public awareness of risk management during pandemic. 

- Independent Risk Professional with experience in public, not-for-profit and private sectors, developing public-private partnerships as well as supplier chain relationships. Represented the UK and IRM in development of international governance standard, ISO 37000.

- Initiated framework for a standard in Modern Slavery. Involved in developing ESG standards. BSI Lead Auditor in Business Continuity Management. M_o_R Foundation.

- MSc in Global Governance & Ethics, UCL’s School of Public Policy, research areas: effectiveness of humanitarian aid and assistance, ethics of climate governance, social values, governance of not-for-profit organisations. 

- IRM qualified. Led IRM education modules in business continuity, crises, resilience, future risks and risk treatment.

- Member of Chatham House and UNA-UK. Artwork selected by World Bank’s ‘Art of Resilience’ competition. 

 

 

Dr. Abdul Mohib CMIRM, Passionate about effective leadership with expertise in risk, assurance, governance and internal controls.

- Group Head of Risk & Assurance, Peabody Trust.

- Experienced in leading and setting direction on risk management for a variety of matrix-based organizations of varying sizes from different sectors including one of UK’s top employers.

- Specialises in embedding the Three Lines of Defence model to ensure effective risk assurance and governance frameworks.

- A career focused on public protection spanning counter-terrorism, food safety, rail transport, public health, social housing.

- Active member of IRM. Member, Government Risk Improvement Group. Member, Deloitte’s Chief Risk Officers forum.

- BAME mentor in the global ‘INvolve’ mentoring programme.

- Post-doctoral scientific research based on sustainable crop protection, corporate business continuity, incidents management.

 

 

Alex Hindson CFIRM, Passionate about risk management and sustainability, thrives on leading change.


- IRM qualified and experienced Non-Executive Director with 13 years of not-for-profit sector experience.

- Former IRM Chair & Non-Executive Board Director.

- Chief Risk & Sustainability Officer at Argo Group.

- Solid track record in financial services. Experience in oversight of risk management, sustainability, capital modelling, compliance.

- Operating to highest ethical standards and presenting on difficult issues in a constructive manner to drive a change in culture.

- Special adviser to the ESG Foundation. Co-Chair, Risk Officer Sustainability Forum.

- Chair, ESG Working Group, Lloyd’s Market Association. Advisory Group Committee member, the Risk Coalition. 

- Chief Risk & Sustainability Officer at Argo Group. The Argo Group supports the UN SDGs and has prioritised Goal 5: Gender equality, Goal 13: Climate action and Goal 11: Sustainable cities and communities. https://www.argolimited.com/about/corporate-responsibility/sustainable-development-goals/ 

 

Dorothy Maseke CMIRM, Passionate to create a positive impact in people’s lives and promote collective endeavours that bring people together – locally and globally.

- IRM Chair, Investment Committee. IRM Non-Executive Board Director. Co-founder IRM East Africa Regional Group.

- Heads up Risk & Compliance, ICEA LION Group, East Africa; spearheading ICEA LION to become signatory to and implement UNEP Principles of Sustainable Insurance.

- Named one of the ‘Top 40 Under 40 Women’ in Kenya in 2019. Board member of World Vision Kenya.

- IRM qualified risk professional. Diploma in Business Continuity.

- Certified in Anti-Money Laundering, Risk & Information Systems Controls, Engagement & Productivity Coaching. Certification, Sustainable Finance, University of Cambridge.

 

Lisa Khan CFIRM, passionate about having effective Governance frameworks in place.

Expertise with embedding what management in control really means and how effective risk management, controls and assurance are integral components with managing the business and with sustaining its performance.

Experience with improving the governance assurance frameworks, particularly around financial crime systems and controls.

Specialises with assessing the effectiveness of operational controls and processes in place to manage the risks related to compliance with policies, compliance’s adherence to mandated/regulatory requirements (e.g. Financial Crime,
Regulatory Reporting) and other (non-regulatory) Business or Functional processes and controls.

Active member of the IRM, member of the Energy SIG. IRM qualified risk professional.

My drive for doing things “first time right,” is a key business discipline underpinned by the core values acquired from my IRM studies and reflected in my current role.

 

Rahat Latif MIRM, is internationally experienced, with a rich reputation in developing and implementing risk, governance, opportunity and resilience frameworks. Keen interest in developing the profession of risk management & resilience and facilitating change for the better.


- IRM Board Member (NED)

- Chair of the IRM Interest Group Committee

- IRM Diploma Holder

- Mark Butterworth Award from the Institute of Risk Management for development of the profession in the Middle East

- CEO Award for Excellence (Qatargas)

 

Anita Bhimani IRMCert, Passion for promoting importance of education and knowledge to increase one's standard of living in women in developing countries. Also active in preserving wildlife and supporting injured animal rehabilitation back into the wild.

- Experienced Head of Risk and Controls leader specialising in first line of defence with audit experience.

- Specialism in creating and embedding proportionate governance, quality, conduct and risk frameworks across Middle East, Europe, Asia, Africa and UK geographies.

- Supporting and leading teams across continents to adopt a learning mindset and continuous improvement in personal and professional lives.

- Passionate about fair customer outcomes, risk-based decision making and regulatory framework sustainability ensuring compliant, sustainable and value driven outcomes.

- IRM and CII qualified risk professional with Post Graduate in Change Management.

 

Materials

ISO 37000:2021 Governance of organizations — Guidance

ISO (the International Organization for Standardization) is a worldwide federation of national standards bodies. The work of preparing International Standards is normally carried out through ISO technical committees and international organizations, governmental and non-governmental, in liaison with ISO, also take part in the work. The Institute of Risk Management is a liaison organisation contributing to the work of governance standards, including ISO 37000 as the Chair of IRM’s ESG represented not only the UK but the IRM in development of this important guidance on the governance of organizations. This guidance sets out the principles and key aspects of practices for governing bodies in relation to meeting their responsibilities so that the organizations they govern can fulfil their purpose. The insight and experience the Chair gained in the process of collaborating with members of an international community of experts in governance influenced her thought leadership and establishment of the IRM ESG SIG.

Looking at ESG through an ERM lens.

By Alex Hindson, Chief Risk & Sustainablility Officer. Argo Group

 

Enterprise Risk articles

Reputation risk at P&O - IRM BBC interview - Enterprise RiskEnterprise Risk (enterpriseriskmag.com)

 Enterprise-Risk-Magazine-Spring-22-Web.pdf (secureservercdn.net)

 

 

Business with conscience Risk professionals have a key role to play in supporting the modern organisation take its share of responsibility for managing risks to society

Enterprise Risk, p30.

By Anita Punwani CFIRM

 

Taking a lead on ESG

Strategic Risk

By Anita Punwani CFIRM

 

What is the relevance of the rise of ESG to Chief Risk Officers?

 

The Risk Coalition

By Alex Hindson CFIRM

 

CRO – Is it time to transition towards ‘Chief Responsibility Officer’?

The ESG Foundation

By Alex Hindson

 

Oversight of purpose - how to set-up governance over ESG

 

The Art of Resilience

 

 

To join an IRM group, you need to log in or register.

Group Chair: 

Anita Punwani 

Committee members:

Alex Hindson

Dorothy Maseke 

Abdul Mohib

Lisa Khan

Rahat Latif

Anita Bhimani


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Future events

Perspectives on Environmental & Social Governance (ESG) Reporting.

We hope you can join us for this event where members of the risk community will share their knowledge and best practice in relation to Environmental & Social Governance.  The session will be set within the context of good governance of organisations and global challenges being faced by organisations across different sectors and the world. 

In providing thought leadership in an area of strategic interest to the IRM, Environmental & Social Governance, the speakers will provide risk professionals with their respective views of principles and practice in ESG Reporting.  As the UK and India are both leading in ESG reporting, this joint event will focus on an aspect of ESG of increasing importance to risk professionals and professionals interested in Environmental & Social Governance across the wider international community.

The speakers will provide thought leadership in presenting different perspectives as to:

-How enterprise risk management reporting can support ESG.

-'Greenwashing' risks can be managed and mitigated, as well as current thinking about disclosures.

-One view as to how a shift from shareholder primacy to stakeholder capitalism will help achieve the required balance between enhanced profitability and sustainability. 

The format of the session:

-Opening Remarks - Ms Anita Punwani, Chair IRM ESG Group and Hersh Shah, Chair IRM India Regional Group.

-ERM influencing Environmental & Social Governance – Dr Abdul Mohib, Assistant Director, Risk, Assurance & Projects, Peabody Group.

-Greenwashing: Managing & Mitigating the Risks – Mr Alex Hindson, Chief Risk & Sustainability Officer, Argo Group, former IRM Chair & NED.

-The evolution of Governance' – Mr Shailesh Haribhakti, Chairman, Shailesh Haribhakti & Associates, IRM India Affiliate Governance Board member.This event will be recorded and placed on the IRM website to benefit the IRM risk community.

The speakers:

Anita Punwani CFIRM, Chair, IRM Environmental & Social Governance Group.

Anita’s thirty-year career in engineering, economics, management and governance spans the public, not-for-profit and private sectors. An IRM-qualified risk professional, she has served on the IRM Board and numerous committees including the IRM Audit & Risk and Interest Group committees.  Anita led IRM education modules in business continuity, crises, resilience, future risks and risk treatment before returning to study herself, earning an MSc in Global Governance & Ethics with a focus on the governance of not-for-profit and voluntary sector organisations. She represents the UK and IRM in developing international governance standards and initiated the framework for a standard in Modern Slavery. As IRM Deputy Chair & NED, she was interviewed by the BBC & CNBC during the pandemic.  Anita is a member of Chatham House and UNA-UK.  Her artwork was selected by the World Bank’s ‘Art of Resilience’ competition. 

Dr Abdul Mohib CMIRM, Assistant Director, Risk, Assurance & Projects, Peabody Group.

Abdul’s career has focused on public protection spanning counter-terrorism, food safety, rail transport, public health and social housing - he has experience in leading and setting direction on risk management for a variety of matrix-based organizations of varying sizes from different sectors. He specialises in embedding the ‘Three Lines of Defence’ model to ensure effective risk assurance and governance frameworks. Abdul is an active member of the IRM ESG Group, the Government Risk Improvement Group, and Deloitte’s Chief Risk Officers forum.  He has been involved in the global ‘INvolve’ mentoring programme as a BAME mentor.  Abdul’s post-doctoral scientific research was based on sustainable crop protection, corporate business continuity and incident management.

Alex Hindson CFIRM, Chief Risk & Sustainability Officer, Argo Group, former IRM Chair & NED.

Alex has a solid track record in financial services with experience in oversight of risk management, sustainability, capital modelling as well as compliance. Alex operates to the highest ethical standards, and his roles involve presenting on complex issues in a constructive manner to drive a culture change.  As well as being an active member of the IRM Environmental & Social Governance Group, he is also a committee member of the IRM NED & CRO interest group, as well as a special adviser to the ESG Foundation and Co-Chair of the Risk Officer Sustainability Forum.  He is Chair of the ESG Working Group, Lloyd’s Market Association, and an Advisory Group Committee member of the Risk Coalition. An experienced Non-Executive Director, Alex has over thirteen years of not-for-profit sector experience and is a former IRM Chair and NED. Alex has been a Lead Examiner for the IRM and held various other leading roles in the institute's governance, thought leadership and education functions.

Shailesh Haribhakti. Governance Board, IRM India Affiliate. Chairman, Shailesh Haribhakti & Associates

Shailesh has worn many hats in the corporate world & raised standards of various organizations so high that people consider him a serial Innovator, Pioneer, Teacher, Speaker, Author, Analyst, Entrepreneur & Citizen of the World (Vasudhaiva Kutumbakam). He is not only a Chartered & Cost Accountant, Certified Internal Auditor, a Certified Financial Planner, Fraud Examiner, Board Chairman, Audit Committee Chairperson, and independent director at some of the country's most pre-eminent organizations. He is a global thought leader in Environment, Social & Governance and has helped pioneer Impactful concepts like IR & Innovating path to Net Zero. He has been conferred with the Global Competent Boards Designation (GCB.D) by Competent Boards Inc. He has been awarded the “Vivekananda Sustainability Award – 2022” by Vivekananda Youth Connect Foundation.

Mr Haribhakti actively promotes shared value creation and a green environment through his own enterprise and his leadership roles as Chairman of the CSR / ESG / Sustainability committees of some of the boards he serves on. He has successfully established the concept of “Innovate to Zero” and technology enabling CSR / ESG / sustainability, which aligns with the idea of making the impact of every intervention focused, widespread, cooperative and far-reaching.

Hersh Shah, Chief Executive Officer, IRM India Affiliate & India Regional Group Chairman.

A Commerce Graduate from Mumbai University (H.R. College of Commerce & Economics) is a member of the Institute of Chartered Accountants of India (ICAI) and an alumnus of IIM-Bangalore. He is a Technical Specialist elected by the Institute of Risk Management, UK. He has over 11 years of experience in audit and assurance, risk management, consulting and corporate finance including structuring of strategic alliances & partnerships with a specific focus on the education sector. Hersh has delivered sessions in Enterprise Risk Management for over 7000+ students across India in risk management since the age of 21.

Click here to join the event.

Date: Wednesday 14th December 2022
Time: 11.00 - 12.00 GMT (Open from 10.50)

Past events

ESG Group perspectives: Perspectives on Social Responsibilities

Date: Thursday 26th May 2022
Time: 11.00 - 12.00 BST (Open from 10.50)

Click here to view Albert Weale's slides

Click here to view David Adamson slides  

 

ESG Group perspectives: sustainable development and investment

Date: Thursday 3rd March 2022
Time: 11.00 - 12.00 GMT (Open from 10.50)

 

An international perspective on ESG (Environmental Social Governance) risk

Date: Tuesday 15th February 2022
Time: 11.00 - 12.00 GMT (Open from 10.50)