ESG Risk Management Masterclass


Course introduction

This is a 2-day instructor-led course covering the concept and understanding of Environmental, Social and Governance (ESG), and the ESG risk management applications across different sectors. Participants will understand what ESG is and its relevance to our lives, the role of government in promoting ESG Initiatives, and the role of financial institutions and enterprises in implementing ESG. In this ESG Risk Management training, participants will learn how to integrate ESG as a ERM Tool, and the application of ESG risk management process (corresponding to ISO14064-1:2018 Standard). 

Duration: 2 Days

Language: English

Course Benefits

World-class training – by learning from TÜV SÜD’s industry experts and training specialists
Interactive learning style – with interactive formats such as lectures, illustrations and simulations are used
Networking opportunity – where you can meet and build network with like-minded individuals at our instructor-led training
Gain a competitive edge – by getting trained by experts known in the fields of safety, security and sustainability

Course Pre-Requisites

 No prerequisite, but with prior knowledge of Enterprise Risk Management will be beneficial

Target Audience

This course is specially designed for:
Board and senior management members
Head of departments
Risk management professionals
Professionals who are accountable and responsible for strategic, operational, financial and compliance of ESG risks

Course Outline

At the end of the course, participants will be able to:

  • Appreciate what ESG covers and understand its relevance to our daily lives
  • Understand how Climate Change have led to increasing environmental threats and biodiversity risk
  • Appreciate social risk including diversity and inclusion and how it affects the way we treat employees in the workplace
  • Understand the issues of ethics and fiduciary duties of board and senior management in providing good governance to address ESG challenges
  • Discuss the role of governments and enterprises in address ESG especially in the post-covid environment
  • Discuss how companies can integrate ESG in Enterprise Risk Management Framework
  • Apply suitable qualitative and quantitative tools to address ESG issues
  • Discuss ESG applications in identification, quantification, mitigation, reporting and disclosure with reference to ISO14064-1:2018 Standard
  • Illustrate ESG applications with a number of practical case studies
Topics to be covered in this course include:
Day 1 Morning
ESG and its relevance to our lives
What is ESG?
Environmental Risk: Climate Change and Biodiversity Risk
Social Risk: Diversity and Inclusion
Governance Risk: Ethics and Board Responsibility
Why do ESG matter to FIs and Enterprises – the issue of sustainability
ESG Case Study: 2019 Covid Pandemic

Day 1 Afternoon
The Role of Government in Promoting ESG Initiatives
A Global Issue requires A Global Effort
ESMA Strategy on Sustainable Finance
UN Sustainable Development Goals (SDGs) 
EU Paris Agreement
Singapore Budget 2021 and the Green Bonds
E: MAS Financial Institutions Climate Related Disclosure Document
S: MAS Guidelines on Sustainability Finance
G: Revision to the MAS Guidelines on Corporate Governance

The Role of FIs and Enterprises in Implementing ESG Initiatives
Solving Global Issue starts with the Root Cause
Key Stakeholders in the ESG Value Chain
Where shall we start – ESG Governance
Where are we heading – ESG Strategy
ESG Case Study: ESG Strategy for a Financial Institution
Day 1 Class Activity:
Class to vote on their thoughts on the Paris agreement
Day 2 Morning
ESG as a Risk Management Tool for Companies
Incorporating ESG in Enterprise Risk Management Framework?
ESG Risk Culture
ESG Risk Management Process
ESG Applications
ESG Risk identification (e.g., identification of GHG sources)
ESG Risk quantification (e.g., calculation of GHG emission and removals)
ESG Risk mitigation (e.g., GHG emission reduction and removal enhancement)
ESG Risk reporting (e.g., GHG inventory boundaries, direct and indirect GHG emissions)
ESG Risk Disclosure (example of a Sustainability Report of a company)
Day 2 Afternoon
Day 2 Class Activity (ESG Workshop)
Divide the class into groups to discuss:
Current ESG practices in their companies
Predict the 3 ESG changes that will take place for the next 1-2 years

Participants will learn through lectures, case studies, group exercises, hands-on exercises and discussions. The course will be conducted in face-to-face or virtual format with a duration of 2 days. 

Available Course Sessions

Please click here to stay updated on upcoming sessions.

Trainer Profile

Mr. Raymond Cheung

Raymond has over 20 years of professional experience in actuarial, risk management, fund management, supply chain financing, financial technology as well as ESG and sustainability. He is a professional risk management, compliance and ESG trainer in Asia.