Strengthening risk management capabilities, adapting strategies
and mitigation measures to evolving political realities have never
been more critical for business leaders. Leaders nowadays are
facing increasingly complex and uncertain environments where they
are expected to respond to emerging risks for long-term success and
resilience.
Over the course of the past decade, environmental, social, and
governance ("ESG")-related topics have gained
significant, almost overwhelming, salience globally in political,
business, and public discourse. A growing consensus declared that
ESG-related topics require greater focus in order to establish
collective action,1 promote long-term value
creation,2 and live by the power of
principles.3 In line with this general understanding,
regulatory requirements and policies have been growing and the
increasing complexity has challenged businesses, even to a degree
that businesses and their leaders perceive a sort of
"compliance
