Project risk management 1 min read
ESG Risk Management
Recent business trends have proven that companies are growing more and more keen on assessing their Environmental, Social & Governmenet (ESG) risks. However, there is a lack on the market of tools that address ESG quantitatively.
Riskturn helps understand what decision-makers should keep an eye on when discussing ESG risks and how to turn them effectively into quantitative models with ESG KPIs (e.g. total emission per product line, water consumption, % of recylced materials) . Monte Carlo simulations can be applied to the model to study the best decarbonization path in terms of emissions and financials. Risks can also be applied to mitigate circumstances that may prevent your business from reaching your emission targets.
