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Mark Beasley Explains the Relationship Between ERM and ESG

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Mark Beasley, professor of accounting, challenges the perception of enterprise risk management (ERM). He explains that when the environmental, social and governance (ESG) framework is integrated with managing risk, additional value and opportunities are created to improve ERM processes.

“If I’m managing risk, I need to be thinking about 2030, 2035 and 2040 – and risk management people could help tease out how risks related to ESG could create new opportunity,” said Beasley. “If we’re really good at this, if we get creative about how we think about the E, the S, and the G, we might leverage this for growing the business, particularly if we do it faster and better than our competitors.”

Read more on Triangle Business Journal.