A study by FEFO Consulting found that workplace health and safety is the lowest-scoring area in terms of workplace well-being, with unrealistic time pressures and poor change management consultation being two of the biggest blind spots. New Research Findings on Workplace Well-Being A company is often like a well-oiled machine. It requires a service every so often to ensure everything is in working order ...
At SAI360, we are committed to sharing knowledge to help our communities and risk leaders. One area that is unavoidable in business today is cybersecurity – business is more digital than ever, and threats continue to rise – with increasing ways that threats can delay, disrupt, or destroy business operations. As part of our continued relationship with Gartner®, we want to share this research note: ...
The Corporate Sustainability Reporting Directive (CSRD) aims to enhance sustainability disclosure requirements, beginning with large companies in the European Union (EU) market. It introduces more extensive and ambitious reporting requirements compared to its predecessor, the Non-Financial Reporting Directive (NFRD). CSRD differs from the Global Reporting Initiative (GRI) in its approach, instead emphasizing transparency in policies, procedures, and measures. This shift ensures organizations demonstrate real actions rather ...
The European Commission took a giant leap forward toward fulfilling the European Green Deal with its adoption of the European Sustainability Reporting Standards (ESRS) on July 31, 2023. These standards outline not only what sustainability data participating companies will be required to disclose for the Corporate Sustainability Reporting Directive (CSRD), but also how information is to be reported. Before we take a closer look ...
The Corporate Sustainability Reporting Directive (CSRD) replaces the European Union's (EU’s) current Environmental, Social, and Governance (ESG) directive, the Non-Financial Reporting Directive (NFRD), and requires companies in scope to comply with the European Sustainability Reporting Standards (ESRS). CSRD compliance is critical. To ensure your organization is well-prepared and able to provide reliable and trustworthy data covering the scope of the data points (with over 1,100 ...
Fourth quarter is just around the corner, which means many are switching from vacation mode to back-to-school shopping. And compliance officers are turning their attention to planning next year’s conflict of interest disclosure activities. In the workplace, Conflict of Interest (COI) refers to a scenario that could benefit an employee, their friend or family member, but is not necessarily in the employer’s best interest. For ...
As the implementation of the Corporate Sustainability Reporting Directive (CSRD) draws near, organizations must prepare themselves to meet the new reporting standard. CSRD aims to enhance transparency and accountability by requiring companies to report on various sustainability issues. Below, we explore key aspects for navigating the EU CSRD. Learn More Preparing for CSRD is not just about compliance; it presents an opportunity to drive positive change ...
Federal banking agencies are paying close attention to the number of uninsured deposits reported at banks. Regulators remain focused on this issue, especially given some banks’ recent failings from having made too many uninsured bank deposits. Uninsured Deposits Reporting FDIC In a recent industry development, the Federal Deposit Insurance Corporation (FDIC) says some insured depository institutions (IDIs) are not accurately reporting estimated uninsured deposits in their Consolidated Reports of ...
CPS 230, recently released by the Australia Prudential Regulation Authority (APRA), has gained prominence alongside similar standards aimed to promote operational resilience. Operational resilience refers to an organization's capacity to withstand and adapt to operational disruptions (whether anticipated or unexpected) while ensuring continuity of critical functions. It has emerged as a vital framework for effectively managing risks and safeguarding business continuity despite adversity. Regulators view ...
Transforming and optimizing Governance, Risk, and Compliance (GRC) procedures has emerged as a critical imperative for businesses spanning various sectors. In today's rapidly changing digital era, characterized by ever-shifting regulatory environments, cultivating an adaptable and resilient GRC program is imperative for achieving success. An essential element of revitalizing your GRC program involves selecting the appropriate software vendor and making a choice that harmonizes effortlessly with ...
