Impacts - Risks - Opportunities
Impacts - The result of all your outputs to the outside world, either positive or negative Risks - Anything that interrupts sustainability as a result of geographical location, sector or global-regional trends, whether material from a financial perspective or in terms of impact. Opportunities - Any potential reality that, when realised, results in a favourable outcome, whether financial or impact-focused. These are important concepts in the eyes of yourself and your stakeholders. They provide insight, enable early positioning, increase flexibility, prevent being late, and make you stronger.
Impacts, risks and opportunities can be environmental, social and governance-related. The increasingly visible effects of climate change, the unique transformation brought about by artificial intelligence, the future of your own workforce, the continuity of the supply chain and the management of all these factors... The future looks different from different perspectives.
Global sustainability disclosure standards like IFRS S1 & S2 and ESRS demand transparent reporting in conjunction with the 'materiality' filter. It is not only the impacts, risks and opportunities that may be meaningful for both you and your stakeholders, but also how act in response to them, targets, performance indicators and management approach. These standards are the most comprehensive guides for communicating your progress and roadmap status through your annual reporting, and for accurately informing investor insights.
It is important to trace the effects, risks and opportunities and explain them to stakeholders. To ensure the continuity of your business, take an early position against all these trends to avoid risks and take greater advantage of opportunities.
See it on your own data
A short walkthrough with someone who knows the standards — no slide deck.