The COSO model and ESG
This course bridges the gap between the COSO Enterprise Risk Management (ERM) framework and Environmental, Social, and Governance (ESG) risk management, focusing on their correlations from both a risk and ESG perspective. It incorporates relevant legislation in South Africa, frameworks such as the Global Reporting Initiative (GRI), and practical case studies.
Course outcomes:
To understand the COSO ERM framework and its application in risk management
To explore the integration of ESG principles into traditional risk management
To align organizational risk management practices with ESG goals and compliance requirements
To analyze relevant South African legislation and global ESG frameworks, including GRI
To develop strategies for using ESG risk management to optimize opportunities
To apply COSO and ESG frameworks through practical case studies and projects.
Key Benefits:
- Master the integration of COSO and ESG frameworks in risk management practices
- Gain insights into aligning risk management with sustainability goals
- Learn about South African ESG legislation and global reporting standards
- Build expertise in correlating risk and ESG frameworks for better decision-making
- Explore real-world case studies demonstrating successful integration of ESG risks
- Enhance strategic planning by leveraging ESG risk data to identify opportunities.
Day 1: COSO and ESG frameworks – Deon van der Westhuizen
Module 1: Introduction to COSO and ESG Frameworks
- Overview of COSO ERM Framework: Components and Principles
- Understanding ESG: Definitions, Scope, and Importance
- The Need for Integration: COSO and ESG Synergies
Module 2: ESG Risks in the Context of the COSO Framework
- Identifying ESG Risks Across Environmental, Social, and Governance Dimensions
- Mapping ESG Risks to COSO’s Components: Control Environment, Risk Assessment, and Monitoring
- Addressing ESG Challenges in Organizational Risk Management
Module 3: Relevant Legislation and Frameworks
- South African Legislation: King IV Report on Corporate Governance and Environmental Regulations
- Global Frameworks: GRI Standards, SASB, and TCFD Recommendations
- Ensuring Compliance and Building Accountability
Module 4: ESG Risk Assessment and Reporting
- Methods for Assessing ESG Risks: Qualitative and Quantitative Approaches
- Developing Key ESG Metrics and Reporting Frameworks
- Visualization Tools for ESG Risk CommunicationOSO
Day 2: Strategic alignment and technology
Module 5: Strategic Alignment of ESG and Risk Management
- Embedding ESG Risk Considerations in Strategic Planning
- Correlating Risk Appetite and ESG Goals
- Leveraging ESG Risks to Optimize Opportunities and Drive Innovation
Module 6: Practical Case Studies and Applications
- Case Study 1: Integrating ESG and Risk in Financial Services: A South African Bank’s Journey
- Challenges faced in mapping ESG risks to strategic goals.
- Tools and strategies used for effective implementation.
- Case Study 2: Sustainability Risk Management in the Mining Industry
- Managing environmental risks and ensuring compliance with local and global frameworks.
- Optimizing opportunities through ESG-focused decision-making.
Module 7: Tools and Technologies for ESG Risk Management
- Digital Tools for ESG Monitoring and Reporting
- Data Analytics and Visualization Techniques
- Software Solutions Aligned with COSO and ESG Frameworks
Module 8: Future Trends and Continuous Improvement
- Emerging Trends in ESG and Risk Integration
- Continuous Monitoring and Adaptive Risk Management Approaches
- Building Resilient and Sustainable Organizations
Who should Attend?
- Risk Management Professionals
- Corporate Governance Officers
- Organisational Development & Transformation Specialists
- Line Managers, Team Leaders, and Supervisors
- Executives and Board Members
Subscription price – R2 880 per person.
Normal price – R3 880 per person.
Group discounts apply for 3+ people from the same organization.
This course only R1750 per person.
Subscription price – R1000 per person – Unlimited access to our online courses.
Format: – Zoom, Teams, Google meet
Subscription fee of R1 000 gives access to all online learning in a calendar year and access to our Shaping Future Leaders sessions (minimum of 60 hours of online training) and minimum 10 Shaping Future Leaders sessions.
All sessions are hosted by professional specialists with at least 30 years’ experience in the GRC, ESG and AI space.
Unlimited access to the Centre of Excellence.
Delegates should review the content and levels of the course they are registering for to ensure suitability and that they are registering for the correct course. Payment: Full payment must be received 7 working days prior to the course.
Cancellations must be submitted in writing to admin@nsa.edu.za no later than 7 working days before the start of the training.
- A cancellation fee of R700.00 will apply for any cancellations received after this period.
- If a cancellation is received 3 working days or less before the training, the full invoice amount will be payable.
- Proof of payment must be emailed to admin@nsa.edu.za.za before the training date.
- Substitutions may be made at no additional cost.
Delegates will be personally liable for the payment of the full registration fee in the event of non-attendance or failure to cancel in writing prior to the deadline of 7 working days. Unless the registration was completed after the stated timeframe, the delegate must make prior arrangements with NSA.
NSA reserves the right to postpone, reschedule, or cancel any service due to insufficient enrolments or unforeseen circumstances. In such cases, a full refund or option to reschedule will be offered. NSA endeavours to host the specified training on the date as advertised. However, if unforeseen circumstances arise or due to extenuating circumstances out of our control, NSA reserves the right to cancel the training. NSA does not store credit card details, nor do we share customer details with any 3rd parties. NSA reserves the right to make changes to the training program and to refuse any booking.
No delegate will be permitted to attend the training without the following:
- A signed and approved Purchase Order,
- Proof of payment, or
- A Commitment Letter on the company’s official letterhead, acknowledging the invoice and confirming the payment date. This letter must be signed by a Finance, Procurement, or authorised official responsible for final payment approvals.
All payments must be received before the training starts and no later than 7 working days prior to commencement. In the case of late registrations, special arrangements must be made with the relevant NSA representatives.
Dietary Requirements: (This only applicable to In-Person Attendance) – Dietary requirements received 3 days prior to the commencement of training can be accommodated.