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We're thrilled to announce the launch of Archer Carbon Management  powered by Compare Your Footprint (CYF) on May 20, 2024. This innovative software solution enables organizations to streamline their emissions and sustainability reporting, making it easier than ever to measure your environmental impact and achieve your sustainability goals. Archer Carbon Management's innovative offering arrives at a critical time. With consumers becoming increasingly eco-conscious and regulations such as the European Union Corporate Sustainability Reporting Directive (CSRD), California's Climate Corporate Data Accountability Act, and the recent SEC Climate Disclosure rule all requiring emissions reporting, the pressure on organizations to act is greater than ever. The Growing Need for Carbon Emission Reporting One of the biggest challenges organizations face today is the accurate calculation of their carbon emissions. This process involves juggling disparate data sources, from energy bills to travel logs and waste management records, a task that is not only cumbersome but fraught with potential for errors and inconsistencies. Archer Carbon Management eliminates these obstacles by providing automated emissions calculation and reporting for scope 1, 2, and 3 emissions, ensuring alignment with the Greenhouse Gas (GHG) Protocol. This enables organizations to easily identify their "carbon hotspots," making it easier to target and strategize emission reduction efforts effectively. Archer Carbon Management: Cut through the Complexity of Emissions Reporting Archer Carbon Management cuts through this complexity. This powerful, user-friendly platform is designed to be your comprehensive emissions-reporting solution. Archer Carbon Management equips you with actionable insights and comprehensive reporting capabilities. Through intuitive dashboards and robust analytics, organizations can achieve a deeper understanding of their environmental impact. This holistic view aids in effective decision-making and risk management and sets the stage for achieving Science-Based Targets (SBT) and advancing towards Net Zero goals. Features at a Glance Streamline input data collection across from internal and external sources Measure scope 1, 2, & 3 carbon emissions based on the GHG Protocol Track emission progress, trends, and hotspots with ease Leverage over 10,000 global carbon factors for accurate calculations Use carbon emissions data for regulatory reporting   Benefits for Your Organization Ensure compliance with evolving regulatory reporting requirements Boost your organization's resilience and su stainability by effectively managing your carbon footprint Say goodbye to manual emissions calculations and data entry, empowering your sustainability team to concentrate on strategic goals and targets Ready to unlock the power of Archer Carbon Management? To learn more about Archer Carbon Management, please join us on Friday, May 31, 2024, for a free webinar and demonstration of this new offering.

Navigating the regulatory landscape in financial services has long been a full-time job. Regulations evolve almost monthly and institutions must continuously adapt their compliance strategies to meet new standards and guidelines. Therefore, compliance professionals have the difficult, if not impossible, job of identifying relevant regulatory changes, understanding their implications, and then guiding their organizations in implementing necessary adjustments to policies and practices. This process is not only time-consuming but is also full of risk. Humans trying to make sense of regulations in real time is almost always a recipe for disaster and the speed at which regulation can change could make what was legal illegal overnight. What’s the answer? Automation. Automation offers the potential to streamline the compliance process, reduce the risk of errors, and enable compliance teams to focus on strategic aspects of their roles rather than getting bogged down in the minutiae of regulatory updates. The Rise of Regulatory Automation Automation leverages technology to systematically monitor, analyze, and implement regulatory changes across various jurisdictions and regulatory bodies. This approach not only simplifies the process of staying current with the latest regulations but also significantly reduces the likelihood of human error and the burden associated with manual compliance tasks. By integrating sophisticated algorithms and artificial intelligence, automated systems can swiftly identify relevant regulatory updates, assess their impact on the organization, and guide the necessary adjustments to policies and procedures. And, best of all, these automated systems will “show the work,” ensuring that the humans in the loop aren’t thrown for a loop with an unexpected change. The State of the Art Isn’t So State of the Art The current state of regulation in the financial services sector is marked by both complexity and an overwhelming volume of change. Financial institutions are under constant pressure to adapt to a steady stream of new and updated regulations that span across all aspects of their operations. This environment is not only challenging due to the sheer number of regulations but also because of their complexity. Each regulation comes with its own set of rules and requirements, often with nuanced differences depending on the jurisdiction. Just as no one person can understand the vagaries of a particular business, no one person can keep track of the constant changes associated with compliance. Key regulations that exemplify these challenges include the General Data Protection Regulation (GDPR) in the European Union, which sets stringent data protection and privacy standards; the Dodd-Frank Wall Street Reform and Consumer Protection Act in the United States, which introduced a comprehensive set of financial regulatory reforms post-2008 financial crisis; and the Markets in Financial Instruments Directive II (MiFID II) in Europe, aimed at increasing transparency across the financial markets. Each of these regulations has significantly impacted how financial institutions operate, requiring them to invest in new technologies, processes, and personnel to ensure compliance. And, what’s worse, many of the regulations are vague or inapplicable to a certain business. Further, no one can say when or who will crack down on a certain part of the regulatory system, leading to the need to over prepare for a problem that might never rear its head. That said, the implications of non-compliance with these and other regulations can be severe. Financial penalties for breaches can reach into the billions, eroding profits and affecting the bottom line. Beyond the financial impact, non-compliance can also lead to reputational damage that can be far more destructive in the long term. Loss of customer trust and confidence can result in a decline in business, while the negative attention from media can further tarnish an institution’s image. Regulatory bodies may impose operational restrictions, hindering the institution’s ability to conduct business. How, then, do you manage this situation? There are a few trends that are making it easier and far more efficient to survive the storm. Trends In the Regulatory Space The landscape of regulatory change management is continuously evolving, shaped by several key trends that underscore the challenges and opportunities facing financial institutions today. One notable trend is the increasing frequency and scope of regulatory updates, reflecting a global push towards tighter financial oversight in response to past crises and the rise of new financial technologies. This environment demands that institutions not only keep pace with current regulations but also anticipate future changes. Simultaneously, there’s a growing reliance on technology and data analytics within the compliance sector. Financial institutions are leveraging these tools to gain insights into vast amounts of regulatory data, enhancing their ability to identify relevant changes and assess their impact more efficiently. This trend highlights the importance of sophisticated data management strategies in supporting compliance objectives. Another shift is the emphasis on proactive risk management and regulatory monitoring. Rather than reacting to regulatory changes as they occur, institutions are increasingly adopting forward-looking approaches that emphasize ongoing vigilance and preparedness. This proactive stance is essential for mitigating potential compliance risks and aligning regulatory strategy with business objectives. There’s a clear shift towards integrated and automated compliance solutions. These platforms offer a holistic approach to managing regulatory changes, combining monitoring, analysis, and implementation functions into a cohesive system. By reducing the reliance on manual processes, these integrated solutions enable more efficient and effective compliance management. Automating For Efficiency Automation stands at the forefront of transforming regulatory change management, offering several pathways to increased efficiency within financial institutions. Firstly, the accelerated identification and assessment of regulatory changes are made possible through AI-powered algorithms and natural language processing. These technologies can sift through vast amounts of regulatory information, identifying pertinent changes quickly and accurately. Automated tracking and monitoring of regulatory updates from various sources, including regulatory agencies and industry publications, ensure that financial institutions remain abreast of all relevant changes. This comprehensive coverage is crucial for maintaining compliance across different jurisdictions and regulatory frameworks. Streamlined impact assessment and gap analysis further enhance the efficiency of compliance efforts. By automating these processes, institutions can prioritize their compliance activities more effectively, focusing resources on areas of highest impact or risk. This targeted approach facilitates a more strategic allocation of compliance resources. Lastly, automated workflows for implementing and documenting regulatory changes within the organization not only expedite the compliance process but also ensure thorough documentation and traceability. This capability is vital for demonstrating compliance to regulatory bodies and minimizing the risks of non-compliance penalties and reputational damage. Real-time reporting and compliance analytics can make a manager’s difficult job surprisingly simple. By creating a feed of regulatory information and, potentially, allowing for automatic auditing via AI, a manager can immediately learn about and remedy regulatory issues as they arise. Looking Forward The potential for further advancements in automation technologies, including machine learning and predictive analytics, holds promising prospects for regulatory change management. These technologies could offer even more sophisticated tools for predicting regulatory trends, enabling financial institutions to prepare for changes more proactively. Additionally, the integration of automation into broader risk management and governance frameworks could further enhance the strategic oversight of compliance processes, making them more efficient and effective. There are also significant collaboration opportunities between regulators, industry stakeholders, and technology providers. Such collaborations can drive innovation in regulatory compliance, helping to develop solutions that are not only effective but also adaptable to the changing regulatory landscape. These future directions underscore the ongoing evolution of regulatory change management and the central role that automation will continue to play in shaping its development. A Call to Action The need for automation in regulatory change management within financial services compliance has never been more apparent. With the regulatory landscape becoming increasingly complex, automation stands out as a strategic imperative for financial institutions. It promises not only to increase efficiencies and reduce the compliance burden but also to significantly enhance the overall regulatory compliance posture of organizations. The transformative potential of automation underscores a critical call to action for financial institutions: to embrace and invest in automated solutions as a cornerstone of their compliance and risk management strategies. By doing so, they can navigate the complexities of the regulatory environment more effectively and secure a competitive edge in the financial services sector. Archer Compliance AI has developed a platform that addresses the critical needs of enterprise regulatory change management. Designed to mitigate risk, reduce costs, and increase confidence in compliance status for the entire enterprise in the banking, financial services, and insurance industry, customers use Archer Compliance AI to automatically monitor regulatory updates, identify obligations, and ensure required changes are completed. Contact us  to learn more and see how automation can effectively streamline your processes.

There is a famous quote from Mike Tyson: “Everyone has a plan until they get punched in the face.”  If you are headed into the ring against a world champion, you certainly must have trained hard and built a plan. The hope is that even after that first punch, that plan remains intact and you can continue to execute, regardless of the obstacles – namely Mr. Tyson’s fist. Is it too early to think about the next step in your risk management journey? Absolutely not. As a GRC professional, you may feel like you are standing in the ring facing a heavy-duty fighter. The uncertainty your organization is hoping you help navigate is daunting. Environmental concerns collide with financial risks as investors inspect the long-term viability of companies with regards to climate change. Companies expand their digital footprint battling issues such as privacy and social responsibility while entangled with the already daunting challenge of digital crime and fraud. Economic shifts, societal upheaval, strained systems, geopolitical strife – these potential risks cast a deep shadow. It is imperative to keep an eye on trends that can help you deliver impactful inputs to your organization’s risk management strategy. The risk and compliance landscape continues its rapid transformation, presenting both opportunities and challenges for organizations striving to stay ahead. Companies like yours are facing heightened cybersecurity threats, regulatory changes, and the need to integrate advanced technologies seamlessly. As you review your risk management strategy, there are emerging trends that will reshape GRC in 2025 that you can begin preparing for now, including the integration of AI for streamlining risk analysis and improving decision-making, a user experience revolution in leveraging seamless workflows and intuitive design, and the heightened impact of assurance and resilience in delivering significant value. I invite you to join Forrester’s Cody Scott from Forrester  and me for a June 18 webinar, “Way-Too-Early GRC Predictions for 2025” for a discussion about these trends and insights that will help you formulate your risk management strategy for 2025 and beyond.

The EU NIS 2 Directive is sparking heated debates across the European Union. Is its scope too wide, burdening small businesses or is it a necessary shield against evolving cyber threats? Are strict incident reporting requirements essential or do they create unnecessary burdens for minor incidents? Does the high cost of compliance stifle innovation or is it a critical investment in security?   No matter where you stand on these arguments, one thing is clear: GRC (governance, risk and compliance) can be your powerful ally in navigating the NIS 2 landscape. Let's explore how.   Addressing the Scope Challenge If you're concerned about the broad scope of NIS 2, particularly as a small business, GRC can help you identify and prioritize your most critical assets and vulnerabilities. Automated risk assessment tools can streamline this process, ensuring you focus your resources where they matter most.   On the other hand, if you believe the wide scope is necessary, GRC can empower you to monitor and secure a broader range of systems and processes. Cloud-based security solutions offer scalability and flexibility, adapting to your evolving needs as threats emerge.   Streamlining Incident Reporting Whether you see strict incident reporting as essential or burdensome, GRC can make the process more efficient. Automated incident response platforms can help you detect, analyze, and report incidents quickly and accurately. This reduces the manual effort required and ensures compliance with NIS 2 requirements.   In addition, machine learning algorithms can help you filter out false positives and focus on genuine threats, easing the burden of reporting minor incidents.   Balancing Cost and Innovation If you're worried about the high cost of compliance hindering innovation, consider that GRC can drive cost savings in the long run. By automating security processes, you can reduce the need for manual intervention, freeing up resources for innovation.   Moreover, cloud-based security solutions often offer lower total cost of ownership. By eliminating the overhead of technical resources and assets, they're more affordable for smaller businesses. This allows you to invest in security without breaking the bank, leaving room for innovation and growth.   Leveraging GRC The EU NIS 2 Directive may be polarizing, but GRC offers solutions for both sides of the debate. Whether you're a small business concerned about the scope, struggling with incident reporting, or worried about the cost of compliance, GRC can help you overcome these challenges.   By embracing innovative solutions, you can not only comply with NIS 2 but also enhance your overall security posture and drive innovation. Instead of viewing NIS 2 as a burden, consider it an opportunity to leverage GRC for a safer and more resilient future.   For more information on the EU NIS 2 Directive, read the Gartner® report “Quick Answer: How to Effectively Prepare for NIS 2 ,” compliments of Archer for a limited time.   We also encourage you to speak with one of our experts  to explore how Archer can support you in initiating or advancing your operational resilience program.      GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.   Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Without effective policy management, organizations face significant challenges. Inadequate management of critical content can lead to outdated or inconsistent policies, creating confusion and increasing the risk of non-compliance with external and internal policies. This makes it challenging to meet regulatory demands and can lead to discrepancies during audits, resulting in penalties and reputational damage. The inability to quickly adapt policies in response to new regulations can leave enterprises vulnerable to legal and financial risks. Effective policy management is not just a choice; it's necessary for enterprises striving to maintain compliance and mitigate risk. The ability to efficiently manage critical content using robust workflows and advanced editing capabilities is vital; it's a comprehensive solution. This ensures that policies are always up-to-date and aligned with current regulatory demands, enabling organizations to swiftly respond to new requirements and pass audits with confidence. By adopting a comprehensive policy management strategy, enterprises can streamline their processes, enhance governance, and safeguard their reputation in an increasingly complex environment. The solution is to adopt a centralized policy management system that includes workflows to streamline the review and approval process, ensure version control to keep track of changes and ensure consistency, and robust editing capabilities to facilitate all policy updates. This strategy not only ensures that you are securely managing your critical documents and keeping your policies up to date, but also significantly reduces the risk of non-compliance and improves overall operational efficiency. With this system in place, you can rest assured that you have a reliable and scalable solution to navigate the complexities of changing policies and regulations. We're excited to announce that Archer Document Governance is now integrated with Archer, offering a seamless policy user experience. Archer customers who have Document Governance will be automatically logged into Document Governance when they are logged into their Archer instance, making policy creation a breeze. With Document Governance, you can effortlessly ensure you have a robust governance process managing your critical documents and effectively managing your policies. Features at a Glance Modern policy life cycle management dashboard Archer authentication for seamless login to Document Governance Approval workflow and Archer record creation Collaborate to draft policy content Benefits Streamlined policy program management Maintain a clear chain of custody throughout the policy lifecycle Respond to audit requests promptly Improved control and compliance across critical documents and content Contact us  to learn more about how Archer Document Governance can securely manage your critical documents and policies.

Where were you during the unprecedented global IT outage of July 2024? If you were traveling by air — or planning to — you experienced firsthand the far-reaching impacts of the outage felt across the globe. Sectors like healthcare and banking were also significantly affected, leading to a halt in non-critical operations. Insurers are currently calculating the financial ramifications, estimating around $5 billion in direct losses for Fortune 500 companies alone. This outage serves as a stark reminder of the critical importance of robust enterprise risk management and offers valuable lessons to fortify your organization’s defenses against future disruptions. Recognize your reliance on external providers The outage underscored how heavily businesses depend on external providers for vital services, particularly in cybersecurity. Many organizations found themselves exposed to potential cyber threats, highlighting the critical need for comprehensive contingency plans and redundant systems to mitigate the impacts of service disruptions. This incident emphasized the risks associated with outsourcing essential functions to third-party vendors, which necessitates thorough assessments of vendor reliability, security practices, and their contingency plans.   Understand the potential impact of disruptions on your operations During the outage, many businesses faced significant challenges, including disrupted operations and compromised security postures. This illustrated why organizations must anticipate operational impacts and develop strategic alternatives to ensure business continuity during such disruptions.   Effective business continuity planning should encompass comprehensive strategies that maintain operations amid unforeseen challenges — from identifying critical business functions to establishing clear communication channels and maintaining escalation protocols for prompt and efficient issue resolution. Integrating third-party risk considerations into these plans is equally essential, which involves identifying backup vendors and ensuring seamless communication.   Ensure continuity with proactive planning Organizations that had well-prepared contingency plans, including alternative solutions or backup measures, fared significantly better during the outage. This experience emphasizes the value of proactive risk assessment and resilience planning for maintaining operational stability in the face of unexpected service interruptions. Resilience planning should involve clearly identifying critical business functions, establishing effective communication channels, and implementing robust escalation protocols to address issues promptly.   Undoubtedly, this outage exemplifies the interconnected nature of modern business operations and the vital role of risk management in ensuring resilience. Risk management professionals must take proactive steps to manage third-party risks, develop comprehensive business continuity plans, and foster resilience strategies that minimize the impact of service disruptions. By doing so, you can better protect and sustain your operations in the face of unforeseen challenges. Learn how Archer can assist you in building operational resilience and optimizing vendor risk management for your organization. Contact us or request a demo today.

On October 7, 2023, California signed into law two new bills that have far-reaching implications for compliance and sustainability owners. SB 253, also known as the Climate Corporate Data Accountability Act (CCDAA), and SB 261, the Climate Related Financial Risk Act (CRFRA), apply to organizations that conduct business in the state of California. These laws are the first of their kind in the United States and are expected to significantly impact corporate climate reporting and accountability policies and programs for organizations that conduct business in the state. The bills mandate reporting of greenhouse gas (GHG) emissions as per the GHG Protocol. It also requires reporting of climate-related financial risks based on the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. These requirements are also referenced in the Securities and Exchange Commission's climate disclosure proposal, the European Sustainability Reporting Standards (ESRS), and the IFRS Sustainability Disclosure Standards. However, the scope of these bills extends beyond the SEC's proposal as they apply to public and private companies meeting revenue thresholds and doing business in California. Scope of Impact SB 253 and SB 261 are designed to increase transparency around corporate climate impacts and financial risks. This information can help investors, consumers, and other stakeholders make more informed decisions about the companies they support. What Organizations Need to Know If your organization meets the revenue thresholds and operates in California, you will be subject to the requirements of SB 253 and/or SB 261. You should start preparing now to comply with the new laws. This includes developing a process for collecting and reporting emissions data or assessing climate-related financial risks. The California Air Resources Board (CARB) and the California Secretary of State have published guidance documents to help organizations comply with SB 253 and SB 261, respectively. What to Do Now To ensure compliance with SB 253 and SB 261, sustainability and compliance owners should take the following actions: Assess the implications. Conduct a thorough assessment of the risks and opportunities presented by the new regulations and identify areas where your company may need to act. Engage with suppliers. Work with your suppliers to ensure they are also aware of the new regulations and are taking steps to comply. Invest in innovation. Look for opportunities to invest in new technologies, materials, and processes that will help your company comply with the new regulations and achieve sustainability goals. Collaborate with stakeholders. Build partnerships with suppliers, customers, and other stakeholders to achieve the goals of the new regulations and maximize sustainability benefits. How Archer ESG Management Solutions Can Help Archer ESG Management solutions can play an important role in helping organizations meet the compliance and reporting obligations outlined in these new laws. Archer ESG Management solutions are designed to address the scope 1, 2, 3 GHG disclosure requirements set forth in these laws and incorporate the TCFD, ESRS, and IFRS Sustainability Disclosure Standards. Archer ESG Management solution represents an integrated approach to managing corporate ESG programs, eliminating the need for multiple point solutions. The solution is comprised of four major use cases that deliver an effective way of managing ESG processes all from one place. Archer’s preconfigured ESG use cases allow organizations to move from manual processes to automated and streamlined ESG management programs. Archer ESG Management Use Cases Archer ESG Management provides enterprise-wide assessment, mapping, monitoring, reporting, and quantification of the organization's ESG programs. Archer Sustainability Reporting is a comprehensive solution addressing the growing demand for transparency in ESG reporting, providing a complete solution that aligns with the TCFD framework and GRI 2 - General Disclosures. Archer Double Materiality Calculator helps you quickly and easily perform a double materiality assessment based on the ESRS requirements. Archer ESG Portfolio Management enables institutional investors to efficiently gather and analyze ESG data across their investment portfolios. Archer’s ESG Management solution enables organizations to collect and centralize ESG data into a single platform, evaluate the impact of risks and the opportunities on business strategy, understand 3rd party ESG risks, set ESG goals, and produce auditable reporting all from one integrated platform. If you would like to learn more about how Archer ESG Management Solutions can help your organization meet its ESG obligations. If you would like to learn more about how Archer ESG Management can help your organization achieve its ESG goals and objectives, we invite you to our webinar hosted by Verdantix and Archer titled " California's Climate Change Legislation: What Your Business Needs to Know. " In this webinar, we will discuss: Gain an understanding of the key provisions of California's new regulations and how they impact your organization's compliance and sustainability reporting. Discover the broader implications of these groundbreaking California laws on corporate climate reporting, accountability, and sustainability programs. Learn about technology that can help you manage and advance your ESG program. We hope you can join us for this informative webinar.

There is much conjecture, guidance, and varied views about what most executives’ role should be related to the approach and direction of risk management in their organization. Executives play a critical role in risk management and need a comprehensive understanding of various aspects of risk management so they can make informed decisions that protect the company's interests and ensure its long-term sustainability. Here are some key things they should know: Risk Types: Executives should be familiar with the types of risks their organization faces. These can include financial risks, operational risks, strategic risks, compliance risks, and reputational risks. This is important so the executive has the context or risks the organization has to deal with. Recognize that external factors, such as economic conditions, geopolitical events, and natural disasters, can pose significant risks to the organization. Stay informed about these external risks. Risk Appetite and Tolerance : They need to define and communicate the organization's risk appetite and tolerance. This sets the boundaries for risk-taking and guides decision-making at all levels of the company. Risk Mitigation Strategies : Be aware of the various strategies for mitigating risks, such as risk avoidance, risk reduction, risk transfer (e.g., insurance), and risk acceptance. Executives should be involved in setting risk mitigation strategies and ensuring they align with organizational and strategic objectives. Crisis Management : Have a clear understanding of the organization's crisis management plan and their role in it. This includes knowing when to activate the plan and how to communicate during a crisis. Cybersecurity Risks : In this digital age, cybersecurity is a significant concern – one of the highest. Executives should be knowledgeable about potential cybersecurity threats and measures the organization has in place to protect sensitive data. Insurance and Risk Transfer : Understand the organization's insurance coverage, what it covers, and what it doesn't. Know when to transfer risk to insurers and when to self-insure. Monitoring and Reporting : Be aware of the key risk indicators (KRIs) that help track and manage risks and how they relate to key performance indicators (KPIs). Regularly review these metrics to stay informed. Risk Culture : Promote a risk-aware culture within the organization. This includes encouraging employees at all levels to identify and report risks, as well as ensuring that risk management is integrated into decision-making processes. Be involved in resource allocation decisions to ensure that adequate resources are dedicated to risk management efforts. Stakeholder Communication : Effectively communicate with stakeholders, including shareholders, employees, customers, and the board of directors, about the organization's approach to risk management and the steps taken to address risks. Continuous Improvement : Emphasize the importance of continuous improvement in the risk management process. Regularly review and update risk management policies and procedures to adapt to changing circumstances. Executives must work closely with risk management teams and the board of directors to ensure that risk management is an integral part of the organization's strategic planning and decision-making processes. It is essential for safeguarding the organization's long-term success and reputation.

We are excited to introduce an enhanced user experience for the Archer Exchange! The new interface provides Archer customers with an online shopping experience for pre-built app-packs, integrations, tools and utilities, accelerators, and content that provide added value for Archer solutions, and allows customers to easily find the offerings that best fit their needs. The value-add offerings available on the Archer Exchange help each of our customers get their unique risk management program on the right path, right from the start. Customers can leverage value-added offerings to expand their use of Archer into new business processes and address specific industry, geographic, regulatory, or technical requirements. The new Archer Exchange provides Archer customers with everything they need to know at a glance, highlights the latest news, and provides information about new and updated offerings. We invite you to visit the Archer Exchange today to check it out!

Everywhere you look today, there are reports on the news about something that could impact your supply chain and your business. It could be a fast-approaching hurricane, an active crime scene causing closure to parts of the city, or a traffic stoppage that halts deliveries of essential supplies. It has become critical to have a supply chain risk management strategy, but creating an effective plan is challenging if you can't anticipate the challenges that will impact your organization to prioritize risks effectively when there are so many different types of challenges that organizations need to be prepared for to mitigate risk and limit impact to the organization. Wouldn't it be nice to be able to anticipate potential disruptions and take action to minimize the impact on your company? We are excited to introduce a new Archer report powered by Mapbox that allows organizations to see their physical locations, assets and third parties on a map, compare them to potential threats that could impact them, and take action to reduce the risk. If your organization – like most – could be impacted by certain threats of disruption or other risks, you'll love the way Archer and Mapbox connect the dots so you can take proactive steps - instead of reacting after your organization has been disrupted. This mapping capability is an essential tool in your efforts to build a more resilient organization. To learn how you can build a more resilient organization contact an Archer expert.

It’s coming -- mandatory, recurring financial and non-financial sustainability reporting for organizations around the world. Are you prepared? Do you know what information regulators and shareholders will expect? Do you know which reports your organization needs to produce and how often? Do you have the proper systems and processes in place? The answer for most organizations and reporting officers is a resounding “no.” Reporting on environmental, social, and governance ( ESG ) information is new territory for reporting officers in many organizations. They find themselves in a distressing scenario similar to what they faced at the introduction of Sarbanes-Oxley (SOX) and similar anti-fraud and accounting requirements. Introduced this month, the new ESG Exchange is designed to help demystify the financial and non-financial ESG reporting requirements. Archer is proud to be a founding sponsor of the ESG Exchange, with Peadar Duffy, Archer ESG Global Practice Lead, serving as Technical Committee Chair. Founded by the Good Governance Academy and Professor Mervyn King, the ESG Exchange provides deep global expertise to organizations on the processes and content requirements for ESG. The ESG Exchange will provide organizations access to the best available content and hands-on implementation programs for all necessary organizational roles, including directors, executives, finance, audit and assurance partners, operations, IT, and stakeholder/investor relations departments. For more information: Register now for Archer’s co-hosted webinar with the ESG Exchange, “ ESG: Preparing for Sustainability Reporting ,” on July 14, 2022, featuring Peadar Duffy. We’ll discuss where to start on the road to sustainability reporting to meet relevant stakeholder needs, wants, and expectations of such sustainability reports, no matter the organization’s regulatory environment. Read the ESG Exchange paper, “ How the ESG Exchange Can Help Organizations Address ESG Integrated Reporting. ” Watch the ESG Exchange global media launch , which highlights the origins and objectives of the organization, as well as available ESG playbooks. Read how the Archer ESG Management offering can help you with your ESG reporting needs. Read how the Archer ESG Value Stack Framework provides a playbook for establishing global ESG processes.

A former head of sustainable investing at a global investment firm recently accused the company of greenwashing. The accusation led to reputational damage and negatively impacted its stock price. In fact, according to a recent survey*, 68% of U.S. executives admitted that their companies are guilty of greenwashing. Greenwashing is the act of providing the public or investors with misleading or false information about the environmental impact of a company's products and operations. But what if the misstatements from the investment firm were not coming from bad intentions? Companies must have defensible data and build efficient governance around ESG data to protect their reputations from similar accusations. ESG data and reports provided by organizations can be difficult to benchmark from company to company, and investors are often unsure whether the data can be trusted. The European Union Council aims to tackle the challenges of voluntary ESG sustainability reporting with the Corporate Sustainability Reporting Directive (CSRD). The CSRD standard is designed to make corporate sustainability reporting more common, consistent, and standardized, like financial accounting and reporting. Beginning in 2025, companies will have to produce CRSD reports based on 2024 fiscal year performance. So who will be impacted by CSRD? More than 50,000 companies in the EU will be reporting according to the following calendar: FY2024: Companies subject to NFRD (The Non-Financial Reporting Directive) FY2025: EU companies meeting at least two of the following criteria: 250 employees, >€40M annual revenue, >€20M total assets FY2026: Public companies with more than ten employees or €20M annual revenue FY2028: International and non-EU companies with EU branches and annual revenue >€150M. But in practice, non-EU companies are likely to be required to adhere to ESG reporting a lot sooner than 2028. This is because CSRD extends the reporting boundaries to include the data from the upstream and downstream value chain when it is material. Therefore, all companies worldwide working with large EU entities will be under pressure to collect ESG data and disclose their sustainability risks. In addition, it is worth noting that CSRD extends sustainability reporting to include the disclosure of risk management and internal controls to the public. Archer's ESG Management solution enables organizations to collect and centralize ESG data into a single platform, evaluate the impact of risks and the opportunities on business strategy, understand 3rd party ESG risks, set ESG objectives, and produce auditable reporting on sustainability disclosures all from one integrated platform. In addition, Archer ESG Management can help automate and standardize the sustainability reporting process simplifying the effort needed to collect and aggregate data in sustainability reports and minimizing the risk of disclosing inaccurate information. Interested in learning more? Register for our January 26, 2023 webinar, " Integrating ESG & Risk Management" Keys to Success in 2023 ," to learn about: New ESG reporting requirements, mandates, directives, and technology to expect in 2023 The vital role of risk management in accelerating corporate ESG and sustainability programs Technology solutions to help your organization advance your ESG practice * Fast Company Survey April 2022