Disaster Recovery Institute (DRI) International, in association with the Harvard National Preparedness Leadership Initiative (NPLI), has released a white paper, analyzing the relationship between resilience and environmental, social, and governance (ESG) priorities.
‘ESG, Sustainability and Climate Resilience: A Business Continuity Perspective’ considers ESG, along with sustainability and business continuity, to find common patterns and practices as well as recommendations for business continuity professionals to better manage these relationships within their companies. It is based on research supported by various sectors, including business/financial services, risk management, hospitality, and manufacturing.
It is becoming widely recognized that resilience professionals already have the skills and tools needed to support a successful ESG program. In fact, it is difficult to see which other business group could be as effective in doing this role.
Lyndon Bird, DRI Future Vision Committee Chair and co-author
The white paper highlights that:
- Nearly 80% of organizations felt that climate resilience was an important issue for their company – either immediately or in the near future.
- More than 70% of respondents indicated that their company treated climate change as part of a wider ESG initiative – not as a standalone issue.
- Resilience professionals already have much of the data needed to support both ESG and sustainability reporting – but it is not being leveraged enough in most organizations.
