Interest-rate risk, regulatory changes with Basel III looming, supply-chain disruptions, credit risk, and climate change risk are among the threats that will likely be top of mind for risk professionals over the next 12 months, as they attempt to navigate unpredictable, pandemic-altered markets.
Good data is a prerequisite for robust ESG programs and creating new financial services in areas like banking, investing and lending. However, ESG data is often incomplete, inconsistent, out of date and spread across silos. There is no standard taxonomy for ESG data, making it hard to use.