Expanding Perspectives of Business Sustainability Risk
Blog by Julie Urlaub, Founder and Managing Partner at Taiga Company
Discussed in great detail in previous posts, business sustainability risk affects every aspect of a company and its external relationships. While some of the risks may be obvious, some hidden and intangible threats may prove to have the greatest impacts. However, digging into greater detail, these threats to unprepared organizations or traditional business models can sometimes go unnoticed. How is this possible?According to a recent article, risk reference points play an important role in the assessment and management of risk, yet the wrong assumptions too often lead to poor decision making. Three very common risk misconceptions include: • Risk Management Is Performed for Someone Else: Often done to some external request or expectation, risk managers should practice risk management to protect and enhance the value of their companies, not simply for the sake of compliance. • Risk Management Is Part of Financial Reporting: Commonly perceived as a subset of financial reporting, many of the largest business sustainability threats (reputational, operational, market loss) do not show up on financial statement. Click here to continue reading.
Home to one third of the earth's trees, the Taiga is the largest land-based biosphere and encircles the globe. Its immense oxygen production literally changes the atmosphere and refreshes the planet. It is this continuous renewal that has shaped Taiga Company's vision to drive similar change in the business world. Taiga Company seeks to be the "oxygen for your business".