The CRI Group’s 3PRM\u2122 (Third-Party Risk Management Program) has launched its ESG Due Diligence program that defines, detects, and improves Environmental, Social, and Governance (ESG) risks for organisations.<\/p>\n
Corporate Research and Investigations Limited’s ESG Due Diligence is aimed to support investors classify areas where companies may be exposed to substantial human rights and environment-related perils and red flags. It uses effective strategies to vet extended business relationships thereby evolving company’s sustainability and ESG rating.<\/p>\n
We\u2019ve taken corporate financial reporting to an advanced level with our ESG Due Diligence program structured to mitigate commercial risks by focusing on certain key features of ESG.
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In a bid to tackle human rights and environmental impacts across global value chains, a new European Union (EU) mandate now places liability on companies unable to assess and mitigate unethical third-party behaviour. The EC also unveiled plans to tackle forced labor and promote decent work worldwide \u2013 including a proposal to ban products produced with forced or child labor from the EU market. The new legislation will also complement Sustainable Finance Disclosure and Taxonomy Regulations.<\/p>\n
The proposed directive is being described as a landmark moment for the environment and human rights and comes with costly obligations and penalties that could be imposed on companies, and the civil liability it could entail. This puts an end to the era of voluntary policing and requires companies operating in the EU to ‘identify, address and remedy their impact on human rights and the environment throughout their global value chains.’ The directive will benefit company investors who want to be assured that climate change, negative environmental impact, human rights, business ethics, and corporate governance are factored into their selections. Organisations of any type or size can benefit greatly from ESG Compliance by practicing good governance, starting with highly effective performance, responsible stewardship, and ethical behavior.<\/p>\n
The benefits of good governance<\/strong> resulting from ESG Due Diligence are manifold as the resulting compliance certification will:<\/p>\n On the flip side, the risks of non-compliance<\/strong> that companies will face include:<\/p>\n CRI Group’s ESG Due Diligence will also throw up red flags<\/strong>, keeping investors safe from rogue companies. These warning signs include:<\/p>\n There can be more red flags, of course, depending on the nature of the industry, scope, and jurisdiction of the subjects in question.<\/p><\/p>","protected":false},"excerpt":{"rendered":" The CRI Group’s 3PRM\u2122 (Third-Party Risk Management Program) has launched its ESG Due Diligence program that defines, detects, and improves Environmental, Social, and Governance (ESG) risks for organisations. Corporate Research and Investigations Limited’s ESG Due Diligence is aimed to support investors classify areas where companies may be exposed to substantial human rights and environment-related perils […]<\/p>","protected":false},"author":1,"featured_media":21879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,146,10],"tags":[],"class_list":["post-21877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-due-diligence","category-resources","category-third-party-risk-management"],"gutentor_comment":0,"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\n\n\t\n\n\t
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