Sustainability risk (ESG)
Sustainability risk (ESG) concerns whether your company's activities have a negative impact on people, society or the environment. It falls into three main areas:
- Climate and the environment (Environment) covers the risk of environmental impacts from your own operations (greenhouse gas emissions, pollution, and impacts on oceans, water and biodiversity). It also covers risks associated with the consequences of climate change and resource scarcity (climate- and nature-related risks).
- Social factors (Social) concern risks related to human rights violations and unacceptable working conditions.
- Governance concerns risks related to financial irregularities, corruption, opaque ownership structures and weak corporate governance.
By integrating sustainability risk into your business strategy, you can avoid potential problems while identifying new opportunities for growth and innovation. This may include developing new products and services that meet sustainability requirements, as well as improving the efficiency of existing processes
Other useful links
- Tools to assess your project against the EU taxonomy
- Guidance on materiality assessment (EFRAG)
- Materiality assessment (vesentlig.no)
A tool to identify where your company has the greatest impact, which areas matter most to your stakeholders, and how you can prioritise and streamline your sustainability efforts.
- Course: Sustainability and digitalisation (digitalnorway.com)
In this in-depth course, you will learn what sustainability really means, which requirements you need to meet, how digitalisation and the green transition are connected, and how sustainability can give you a competitive advantage.
- The Guide Against Greenwashing (gronnvasking.no)
The Guide Against Greenwashing is a resource and learning platform designed to build competence in clear, credible communication