Aligning with global frameworks will present a challenge for resource-dependent countries
Environmental, social, and governance (ESG) strategies have become crucial for businesses globally, including in emerging markets, where sustainable practices are increasingly linked to long-term growth and stability. For risk managers operating in these regions, implementing ESG strategies presents unique challenges, including financial constraints, inconsistent regulatory frameworks, and a lack of reliable data.
While ESG frameworks aim to support responsible development, risk managers must navigate complex issues such as resource dependency, governance challenges, and the high costs of compliance, all of which com