Posted: 02 Sep. 2022 5 min. read

Are you managing your ESG Data Risks?

A series brought to you by the Risk Advisory team at Deloitte Australia

 

This series provides a perspective on how Environment, Social and Governance (ESG) data challenges are impacting Financial Institutions (FSIs), and will introduce the capabilities that can help meet ESG Measurement and Disclosure requirements and generate valuable insights into your performance as a responsible business.

Many FSIs are challenged by new measurement and disclosure requirements and investor demands related to ESG data. As the effects of climate change become more apparent, emissions increase, and regulatory moods shift, it is becoming increasingly likely that climate reporting, in some form, will be a routine requirement of organisations in the low-carbon future. If your organisation already tracks and reports certain ESG data, or this is a new endeavour, investing in your organisation's capabilities and processes will ensure you have reliable, timely data available to meet your disclosure requirements, track the implementation of your climate strategy, and provide additional value, insight and assurance to your investors and stakeholders.

Our blog series will provide you insights into: -

  • The fundamental issues FSIs face when it comes to managing ESG data Read more 
  • The risks if FSIs don’t get their ESG data right (downside risk) Coming soon
  • The opportunities and value ESG data can generate for FSIs (upside risk) Coming soon
  • What capabilities are needed to ensure ESG data is captured, managed and distributed across your business in a reliable manner Coming soon
  • Case study examples which demonstrate how organisations have strengthened their monitoring and reporting capabilities, achieve greater insights and make better decisions through reliable and timely ESG data Coming soon

Are you interested to know more about our offerings? Watch this space for our next blog. Would you like to know how ready your organisation is for measuring and reporting ESG data? Click here to self-assess your compliance with regulatory expectations. 

More about the authors

Vicky Poon

Vicky Poon

Partner, Risk Advisory

Vicky is a Partner in Deloitte’s Risk Advisory team, with over 18 years of consulting experience in data management and analytics working with clients to improve the way they capture, manage and leverage their data assets to anticipate risk and maximise business opportunities. Vicky specialises in engaging with senior and C-level stakeholders to develop pragmatic, tailored and achievable data and analytics strategies, operating models and architectures that provide a blueprint and compelling case for change. She is easily able to transition from strategy and business case phases into delivery execution and has been responsible for successfully delivering large complex projects across both business and technology domains. She has implemented enterprise data and analytics strategies for large scale transformations and regulatory initiatives including establishing the capabilities and architectures required for leading data governance, data quality, analytics and business intelligence practices, along with value generating business use cases than span regulatory and compliance, customer experience, revenue assurance and asset maintenance.

Wibishana Rockwood

Wibishana Rockwood

Partner, Climate & Sustainability

Wibi is a partner within the Climate & Sustainability services practice in Risk Advisory with over 17 years experience. Wibi is passionate about helping organisations develop a sustainability leadership position through data, reporting and assurance enabled by technology solutions. Wibi is a Chartered accountant and an expert in navigating best practice sustainability reporting standards and frameworks highlighting the connection between sustainability performance, financial outcomes and enterprise value. Wibi empowers an organisation to communicate sustainability related market claims and facilitates the creation of go-to-market strategies.

Ed Bosworth

Ed Bosworth

Principal, Risk Advisory

Ed has 25 years of global experience in transforming risk and finance functions for regulatory change; compliance and control; process and cost efficiency; impactful reporting and disclosure; data and model architecture; and scenario planning and stress testing. He was a senior leader of Australia’s Basel II community for many years, addressing all aspects of regulatory change. Ed also worked in the UK and Ireland from 2015 to 2021 where, among other roles, he led the climate modelling team at a leading UK bank

More about the authors

Paul Dobson

Paul Dobson

Partner, Climate & Sustainability

Paul is a partner within the Climate & Sustainability services practice in Risk Advisory. Paul has over 20 years’ experience working with clients across diverse sectors in Australia and the United Kingdom. Paul lead’s Deloitte’s Climate Risk offerings supporting clients to understand the impacts, risks and opportunities arising from climate change. This includes consideration of physical and transition impacts of climate change and the strategic and financial implications in the long term. Paul also has extensive experience in the provision of a wide range of sustainability services to clients including reporting, sustainability strategy, ESG, sustainability reporting and assurance.

Tim Scott

Tim Scott

Director, Risk Advisory

I lead the Privacy Enhancing Technology practice, helping clients navigate the intersect between, data collaboration, data science and privacy. Specialising in fully homomorphic encryption, secure multi-party computation and zero-knowledge proof, I am passionate about Privacy Enhancing Technologies (PET) and their applicability in solving some of the toughest real world challenges. I have been actively involved in the PETs community for the last 6 years, most recently as Head of Strategic Engagements with an Australian listed start-up before joining Deloitte.