WMO sees 80% chance of El Niño emerging by mid-2026, raising risks for global economies
The World Meteorological Organization (WMO) has raised the likelihood of an El Niño event developing ...
Martin Massey, CEO of OneRisk Consulting and Chair of the Institute of Risk Management Climate Change Special Interest Group, said integrating ESG and climate risk into enterprise risk management (ERM) is no longer optional, but a strategic necessity for improving resilience and governance agility.
He made the remarks during the 16th Corporate Social Responsibility and Sustainable Development Forum (16th CSR Egypt and Sustainability Forum) under the theme of “The Right Place to Ask the Right Questions… Ask and Act”.
Massey, who has more than 30 years of experience in risk management, governance, and sustainability, said climate risk is no longer treated as an external factor, but has become embedded in strategic decision-making and board-level risk oversight.
The OneRisk CEO said embedding ESG within ERM contributes directly to enterprise value by strengthening investor confidence, improving customer loyalty, enhancing resilience during crises, and supporting market access and innovation.
Massey said the transformation of enterprise risk management is being driven by three core pillars: governance, risk strategy, and decision-making, alongside increasing regulatory requirements that mandate ESG integration into risk frameworks globally.
He added that organizations that integrate ESG data and climate risks into ERM systems are better positioned to make accurate and timely decisions, and to respond more effectively to regulatory and market changes.
Massey concluded that the current shift requires moving from traditional risk management models toward integrated, data-driven sustainability frameworks that transform risk into measurable and actionable growth opportunities.
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