Be responsible and effective: strike a balance
Extended enterprise risk management (EERM)
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Third-party risk management global survey 2020
A desire to be a responsible business that effectively manages social and environmental issues and responsibilities throughout its supply chain, is – for the first time in five years – one of the key reasons companies invest in third-party risk management (TPRM).
Deloitte’s fifth annual extended enterprise risk management (EERM) global survey report highlights six key themes, alongside the impact of COVID-19 on managing third-party risk and our predictions for 2020-21.
Insights provided in this report are based on 1,145 survey responses from 20 countries globally between November 2019 to January 2020 and conversations had with clients.
How we help clients
For many organisations, their third-party ecosystem, or ‘extended enterprise’, is an important source of business value and strategic advantage. However, as the reliance on third parties continues to grow, so do the associated risks, bringing potential reputational damage and regulatory action.
Our experienced teams work with clients to develop governance frameworks which effectively identify and manage all forms of third-party risks, looking at both process and technology solutions to deliver value and meet contractual obligations.
If you would like to discuss the findings of our third-party risk management survey and how they apply to your organisation, please get in touch with one of our specialists.
Kristian Park leads the Extended Enterprise Risk Management team in the EMEA region, as well as leads Deloitte’s Global Third-party Risk Management (TPRM) group.
Danny Griffiths is a Director in our London based Extended Enterprise Risk Management (EERM) team.
Sanjoy Sen is the head of research for third party risk management at Deloitte LLP.