TU Wien:Enterprise Risk Management Fundamentals VU (Schwaiger)/MC: Managing ESG-Related Risks

1. ESR-related Risks: In the MSCI ESG issues and themes, the theme ‘climate change’ that includes the key issues ‘carbon emission’ and ‘product carbon footprint’ belongs to the pillar ‘governance’. – False 2. ESR-related Risks: The COSO ERM Framework defines ERM as “the culture, capabilities and practices, integrated with strategy-setting and performance, that organizations rely on to ensure a sustainable business environment” – False 3. ESR-related Risks: One of the purposes of the ‘guidance’ for applying ERM processes to ESG-related risks is to help an entity to achieve a common language for articulating ESG-related risks – True 4. Enes, including businesses, governance, and non-profits, face an evolving landscape of environmental, social and governance (ESG)-related risks that can impact their profitability, success and even survival. – True 5. ESR-related Risks: Applying ERM to ESG-related risks includes consulting with risk owners to identify the most appropriate information to be communicated and reported internally and externally to support risk-informed decision making. - True