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Geneva, Switzerland, 20 November 2019:  The Continuity, Insurance & Risk (CIR) Risk Management Awards honored the World Business Council for Sustainable Development (WBCSD), the Committee of the Sponsoring Organizations of the Treadway Commission (COSO), EY and KPMG for their collaborative work on integrating environmental, social and governance (ESG) aspects into companies’ mainstream enterprise risk management practices.

The ESG risks initiative of the year -recognition is for the development of the Applying Enterprise Risk Management to Environmental, Social and Governance-related Risks guidance in collaboration with COSO and with support from EY, but also for the development of An enhanced assessment of risks impacting the Food & Agriculture sector report in collaboration with KPMG and ESG-risk workshops and training.

Rodney Irwin, Managing Director of WBCSD’s Redefining Value Program said, “We are honored to receive this award that goes to all our partners - and ultimately, to the companies integrating ESG into their risk management. This challenging year has shown the importance of long-term value creation and how robust understanding of ESG risks and opportunities play a key role in ensuring continuity. This award is also an important acknowledgment of the hard work of the team and partners in contributing the sustainability agenda.”

The CIR Risk Management Awards celebrate excellence in the field of risk management – recognizing the best people, products and programs in the sector for a decade.

This is the second significant award in recognition of WBCSD’s work as the United Nations Conference on Trade and Development (UNCTAD) recognized the risk work with the International Standards of Accounting and Reporting (ISAR) honors in 2019.

WBCSD´s risk work is possible through funding from the Gordon and Betty Moore Foundation.

COSO’s and WBCSD’s goal is that all organizations that are serious about future-proofing their operations while advancing their ESG performance will adopt the guidance. For more information on workshops and training on the ESG risk guidance, contact risk@wbcsd.org.