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Managing Governance and Social responsibility are clear drivers for ESG compliance, that is slowly but surely making its way across the investment community. ESG is being used to make investor investment decisions and of course compliance is regulated by Markets. Cyber is another concern, the Swiss investment manager Lombard Odier made a decision to review the cybersecurity of portfolio companies and appears to be suitably concerned by the results. Identifying at least 20% of companies running outdated software.
With U.S and EU regulators focusing on cybersecurity and the management of cyber risk one expects there to be some convergence between cyber and ESG around the ‘G’ and ‘S’, and a focus on compliance to cybersecurity risk management.
The companies which are really slow in cybersecurity will probably somewhere down the line pay up for that,†he said. This could be either in the form of a large data breach or in the form of losing clients because the trust is gone……….Using ESG screens to catch cyber risks should be a strategy thats also adopted by the big passive funds out there who now are also voting on ESG topics,†van Oerle said.
This will be one to watch Ted Dziekanowski
#cyberriskmanagement #ESG #cyberregulation #theaugustagroup
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