While ESG and TPRM are both standalone risk categories, they are increasingly being interwoven into larger governance, risk, and compliance (GRC) and enterprise risk management (ERM) programs. In the future, there will be deeper interconnectivity and interdependencies across these components. What’s already evident is that with effective and integrated ERM processes, companies can build more sustainable businesses, optimize third-party relationships, and create long-term value for all stakeholders.
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