Diving into the ‘G’ of ESG related risk
The 'governance' pillar of ESG refers to a company’s decision-making governance. The Board and management of J.P. Morgan constantly seek to build upon the 200-year foundation of integrity and transparency. Accountability, fairness, transparency, and social responsibility are some of its key principles of governance and are applicable to managing third parties. This includes factors such as sovereign policy making and the distribution of rights and responsibilities among its stakeholders and shareholders.
As with the other two pillars of ESG, the governance pillar presents companies with risks that are outside their internal operations. J.P. Morgan could be exposed to risks from the various third parties they partner with across their end-to-end supply chain, such as suppliers, distributors, agents and other intermediaries. While governance risks often don’t capture as much media attention as other ESG risks like forced labour or pollution, they can be just as damaging.
Listen our third webinar to hear expert speakers discuss:
- What governance risks do third parties present?
- How can governance risks among your third parties impact J.P. Morgan?
- What are some of the best practices and tools available to help J.P. Morgan identify potential governance risks in its third-party ecosystem?