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Today, global regulatory pressures coupled with unforeseen disruptive events pose substantial challenges for companies that are working to build operational resilience. These challenges are driven by a myriad of factors including rapid technological advances, geopolitical unrest, and the escalating pace of global economic shifts. Now more than ever, your organization must be proactive in mitigating these challenges to remain operational and competitive. The Growing Focus on Operational Resilience Operational resilience has become a key topic in boardrooms and executive suites for good reason: Cybersecurity threats : As organizations digitize their operations, the risk of cyber threats increases. From ransomware attacks to data breaches, the potential impact on operational resilience and reputation is substantial. Supply chain vulnerabilities : Global supply chains are interconnected and vulnerable to disruptions caused by geopolitical events, natural disasters, or unforeseen challenges such as the recent global supply chain issues. Regulatory demands : Regulatory bodies are increasingly emphasizing the importance of operational resilience. Compliance with standards such as the Digital Operational Resilience Act (DORA) in the European Union highlights the need for a proactive and strategic approach. Technological dependencies : Reliance on intricate technological ecosystems means that a failure in infrastructure or a critical system can have cascading effects across an organization. Strategies for Enhancing Operational Resilience Operational resilience requires a coordinated, company-wide approach that goes beyond planning for recovery from disruption to fortifying all facets that drive your organization’s success. For many organizations, this approach necessitates a pivotal shift. But in doing so, you are able to better adapt to changes and disruptions while also optimizing processes, enhancing productivity, and fostering innovation. A comprehensive strategy should consider the following elements: Prioritization : Your organization must use business impact analysis to prioritize what is most important to make resilient. These priorities should start with products and services offered to customers and cascade to the business units, process, technologies, data, and other interdependencies. Integrated risk assessment : Conducting thorough risk assessments allows you to identify vulnerabilities and potential points of failure. This includes assessing risks related to business processes, technology, supply chains, and regulatory compliance. This risk assessment should incorporate groups across the second line of defense to coordinate their efforts. Robust cybersecurity measures : Investment in robust cybersecurity measures is essential, including regular assessments, employee training, and the implementation of advanced threat detection and response systems. Diversification of supply chains : Recognizing the vulnerabilities in global supply chains, it’s important to explore strategies for diversification and localization to mitigate risks. Scenario planning and testing : Adopting a proactive approach involves scenario planning and testing. Simulating potential disruptions enables you to identify weaknesses, refine response strategies, and enhance overall preparedness. Technological innovation : Utilizing technologies such as Archer, you can leverage artificial intelligence and data analytics to enhance predictive capabilities and improve overall resilience. Collaboration and information sharing : The importance of collaboration extends beyond organizational boundaries. Information sharing among industry peers and public-private partnerships can enhance collective resilience against shared threats. The Evolving Landscape The state of operational resilience for your organization must mirror the dynamic landscape your organization is navigating. Operational resilience is not a static goal; it is an ongoing process of adaptation. As threats evolve, so must strategies for resilience. By embracing a proactive and strategic approach, investing in technology, and fostering collaboration, businesses can not only survive disruptions but emerge more resilient and better prepared for the uncertainties of the future. To learn more, register today to join Archer and BCI on January 11 for an informative webinar, Operational Resilience: Lessons Learned & Key Strategies for Success , to: Gain insights into lessons learned, current trends and best practices in operational resilience, and how to leverage these to enhance your organization's capacity to respond to unexpected disruptions. Understand the latest regulatory guidance concerning operational resilience and the potential implications for your organization. Learn effective strategies for adopting and executing Archer as an integral part of your organization's existing business continuity plans.

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.

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

Recent global events have shown business leaders how crucial it is for organizations to demonstrate capabilities to thrive in unpredictable and evolving circumstances. ESG ( environment, social, and governance ) is increasingly becoming an imperative as organizations cope with increasing global political, economic and social uncertainty. In just the past few months, new ESG directives concerning financial disclosures and reporting requirements have been developing at a rapid pace as compared to the decades-long process seen in developing traditional corporate reporting standards. Consider this snapshot of recent ESG announcements: March 21: SEC proposes climate-related financial disclosures March 24: IFRS and GRI sign agreement to align sustainability reporting March 30: EU on track to publish draft standards before the end of April ‘22 March 31: IFRS publishes S1 General Requirements Exposure Draft March 31: IFRS publishes S2 Climate Disclosures Requirements Exposure Draft April 6: UK Climate Financial Disclosure (CFD) law comes into effect Organizational leaders who have committed to ESG values haven’t done so for the optics. They’ve realized that an effective ESG strategy helps to secure a brighter future not only for their own business but for the health of the planet and the good of society as well. Increasingly, winning organizations will be characterized by their resilience in the face of the volatile global supply chain, social, and environmental conditions. Therefore, it’s more crucial than ever for organizations to implement strategies and demonstrate capabilities that will allow them to thrive in changing business environments. Driving toward compliance with emerging ESG reporting requirements equips organizations to outperform competitors in both near-term risk mitigation and ongoing resilience. By providing their organizations with these strategic capabilities, leaders empower their teams to perform and drive down the cost of their capital. To learn more about the impact of ESG, join us for our webinar “ The Critical Role of ESG in GRC Programs , ” featuring Michael Rasmussen of GRC 20/20 and Archer ESG Product Manager Phil Freund, who will discuss: The critical role of ESG in GRC programs How ESG impacts your organization Steps you can take today to begin planning and implementing an ESG program Webinar: The Critical Role of ESG in GRC Programs June 15, 2022 11:00 am Eastern Time Register Now! Visit Archer ESG Management for more information. Contact us to speak to an Archer Expert about how you can implement an ESG program.

How do you spell ESG? While it is a simple question, oftentimes simple questions are the hardest to answer. It does not matter what industry you work in. Each has its unique language, sayings, and code that is difficult to understand to those not adequately versed. The risk and compliance domains are no different. Risk and compliance functions are awash in techno-speak, anacronyms, abbreviations, and slang that, to the outsider listening in, the conversation can sound like listening to aliens from another planet. But if you can know the “alphabet” of your domain, conversations can flow as naturally as walking down the street. So, the answer to the simple question of how do you spell ESG depends on your understanding of the ESG alphabet. The good news is that the ESG alphabet is quite simple and easy to learn. So let's start with the basics: what does ESG mean? ESG stands for environmental, social, and governance. ESG is a risk management tool to help stakeholders (investors, employees, society) better understand the organizations they engage with regarding social and environmental factors such as the impact on the environment, diversity, and equity policies and practices. Now that we have answered that question, how can you learn to speak ESG? We will stick with the basics for this lesson and focus on the five most common ESG standards and the primary framework that are part of nearly every ESG conversation. ESG standards: GRI - The Global Reporting Initiative (known as GRI) is an international independent standards organization that helps businesses, governments, and other organizations understand and communicate their impacts on issues such as climate change, human rights, and corruption. SASB - The Sustainability Accounting Standards Board (SASB) standard guides companies' disclosure of financially material sustainability information to their investors. The Standards identify the subset of ESG issues most relevant to financial performance in each industry. CDSB - The Climate Disclosure Standards Board (CDSB) standard provides investors and financial markets material information by integrating climate change-related information into mainstream financial reporting. CDP - The CDP (formerly the Carbon Disclosure Project) standard helps companies and cities disclose their environmental impact . It aims to make environmental reporting and risk management a business norm, driving disclosure, insight, and action towards a sustainable economy . IIRC - The International Integrated Reporting Council (IIRC) standard helps demonstrate the linkages between an organization's strategy, governance, and financial performance and the social, environmental, and economic context within which it operates. By reinforcing these connections, Integrated Reporting can help businesses make better-informed decisions regarding sustainability and enable investors and other stakeholders to understand how an organization is performing. ESG framework: TCFD - While many ESG frameworks are being discussed today, the TCFD (Task Force on Climate-Related Financial Disclosures) framework has risen to the top and has achieved global recognition. This framework helps public companies and other organizations more effectively disclose climate-related risks and opportunities through their existing reporting processes and disclose the organization's governance around climate-related risks and opportunities. You now know the basics of the ESG alphabet. These ESG standards and frameworks make up the core of most all ESG conversations. Understanding what these anacronyms stand for and how they can help guide your organization's ESG programs will catapult your ability to lead strategic and impactful ESG conversations with your organization's leadership. Want to learn more about ESG? We invite you (and your ESG colleagues) to watch a replay of Archer’s Peadar Duffy, Global ESG Practice Lead, and French Caldwell, Chief Strategy Officer for Archer, for a discussion of the critical factors and concepts risk managers need to know before implementing an ESG solution to best leverage their organization’s risk and compliance platform. For information on Archer ESG Management , visit www.ArcherIRM.com/ESG

At the UN Climate Change Conference COP 26 in Glasgow, the IRS foundation announced the creation of the International Sustainability Standards Board (ISSB). While this announcement was not necessarily a surprise as there was considerable support of the move, this announcement is a clear indicator of the acceleration of the production of ESG standards. For the risk management community, the effort underscores the importance of the core pillars as defined by the Task Force on Climate-related Financial Disclosures (TCFD) – governance, strategy, risk management and metrics and targets. This is also reflected in many of the conversations we are having with customers on ESG. We are seeing, in addition to having representatives from investor relations, corporate affairs, communications and the various sustainability leads, a growing, strong presence of risk functions in ESG strategies. The biggest challenge for organizations is the tsunami of demands and queries from a variety of stakeholders – investors, in particular. However, with the consolidation of standards as indicated by the announcement, the path towards a combined reporting structure – with both financial and non-financial information – may help alleviate some of this pressure. Organizations need to take steps now to prepare for this convergence. For organizations gathering information manually through hundreds of spreadsheets, there is time to transition to systems that allow you to substantiate ESG reporting at the top level, proving your viability going forward. Producing a report is only the first step. Operationalizing ESG data, exposing it to business operations to drive action, is the critical step to drive accountability, improve visibility, collaborate on issues, and build efficiencies in remediation efforts. In other words, an integrated risk management approach to establish that common language and taxonomy to effectively prioritize action. Archer – as a leader in integrated risk management capabilities – provides an onramp to not only address ESG efforts today, but also fold that effort into the broader risk management strategy for the future . The announcement reiterates ESG efforts are a business issue – not just a regulatory issue. Of course, there are regulations organizations must comply with, but ESG, at its core, is about the imperative to demonstrate to all stakeholders, the viability of the business and they can perform and prosper going forward. Watch Peader Duffy and Steve Schlarman discuss the announcement. Learn more about how Archer ESG enables you to measure, quantify, assess, and report ESG readiness across your organization and global supply .

Whether it’s having sound environmental practices, being a truly purpose-driven organisation, or taking a lead in areas such as corporate social responsibility, organisations all around the world are choosing to adopt good Environmental, Social and Governance (ESG) practices. Not only that, ESG practices are increasingly fundamental to not only being a high-performing organisation, but also a highly innovative organisation AND an organisation that is seen as an attractive investment. Sustainability (and ESG) can be a true business differentiator and can unlock new opportunities for your business. But with opportunity comes risk, and sustainability risk needs to be managed in ways that go beyond traditional risk methods. According to Archer's Global ESG Practice Lead, Peader Duffy , "Risk fundamentals are still valid. If they are correctly applied, they can underpin a 21st century competitive advantage of ‘Sensing and Anticipating’ what’s around the corner and ‘What Matters Most’ to the achievement of business objectives. The challenge, however, is in driving accountability, delivering data driven actionable insights and informing managers where they are on their E, S and G transition pathways." Peader also makes that case that, "Attempting to do this without a formal governance framework, without considering the risks around the business and without underpinning technology, is near impossible. And that’s even before considering the external factors, such as the regulatory environment a business operates within, or your suppliers and third parties and the impact they can have on how you achieve and enforce your own sustainability goals." So how do you overcome this situation? Archer’s Business Manager for South-East Asia, Huzefa Goawala, states that “being a sustainable organisation isn’t just about setting goals, it’s about executing on them, it's about monitoring them, it's about living by them.” For risk and ESG practitioners alike, a living and breathing framework to set and measure the performance of ESG initiatives is an essential tool in their dialogue with key stakeholders, including senior management and the board. They need to speak the same language as the organisation’s decisionmakers, and explain the business case around sustainability initiatives, while also being able to manage the risks and opportunities that surround them. By using technology to bring together data from different sources – both inside and outside the organisation – and driving engagement on an ongoing basis, a view can be gained of how their business is performing from a sustainability perspective. As a technology provider in this space, Archer IRM provides its customers with a SaaS platform to establish a governance framework, to capture objectives and to manage risk in relation to those objectives and take the right actions to move forward . To bring your sustainability goals to life, and make them sustainable, the platform enables monitoring progress, charting improvements over time, and driving the right actions to the right people at the right time through workflows and alerts. To learn more about how Archer IRM can help bring your ESG goals to life please contact one of our experts . About the author Sam O'Brien is VP Sales & Go-To-Market, APJ at Archer Integrated Risk Management

The Task Force on Climate-related Financial Disclosures (TCFD) and the European Union Corporate Sustainability Reporting Directive (EU CSRD) are two significant initiatives aimed at promoting sustainable development and addressing the risks and opportunities associated with climate change. While the TCFD focuses on climate-related financial disclosures, the EU CSRD seeks to establish a standard for sustainability reporting across the European Union. To better understand the role each plays in an organization's ESG program, let's take a closer look at their similarities and differences. Task Force on Climate-related Financial Disclosures (TCFD) The TCFD is a voluntary framework established in 2015 to help companies disclose information about their exposure to climate-related risks and opportunities. The TCFD framework provides guidance on the disclosure of four key areas: governance, strategy, risk management, and metrics and targets. The framework is intended to provide companies with a standardized and transparent way to report their climate-related financial risks and opportunities. The TCFD framework's recommendations are based on the understanding that climate change poses significant risks to financial stability and that investors and other stakeholders require consistent, comparable, and reliable information about these risks. By disclosing their exposure to climate-related risks, companies can better manage these risks, and investors can make more informed investment decisions. European Union Corporate Sustainability Reporting Directive (EU CSRD) The EU CSRD is a proposed directive establishing a common sustainability reporting standard across the European Union. It builds on the existing Non-Financial Reporting Directive (NFRD) and is part of the European Union's efforts to transition to a more sustainable economy. The proposed directive would apply to large companies with more than 250 employees or revenues of more than 50 million euros. The EU CSRD proposes that companies report on a range of sustainability issues, including environmental, social, and governance (ESG) factors. The directive aims to increase transparency and comparability of sustainability information for investors and other stakeholders. The EU CSRD also seeks to align the reporting requirements with internationally recognized standards, such as the TCFD framework. Similarities and Differences The TCFD and EU CSRD share a similar goal of promoting transparency and accountability around sustainability issues. Both initiatives recognize the importance of providing investors and other stakeholders with consistent, comparable, and reliable information about sustainability risks and opportunities. They also focus on addressing the financial risks associated with climate change. However, there are some key differences between the two initiatives. First, the TCFD is a voluntary framework, while the EU CSRD would be a mandatory reporting requirement for companies. Companies would be required to report on sustainability issues under the EU CSRD, whereas adherence to the TCFD framework is voluntary. Second, the TCFD framework explicitly focuses on climate-related financial disclosures, while the EU CSRD covers a broader range of sustainability issues. For example, the EU CSRD includes reporting requirements on environmental, social, and governance (ESG) factors, such as employee diversity and human rights, which are not covered by the TCFD framework. Third, the TCFD framework is an international initiative not specific to the European Union, while the EU CSRD is a directive specific to the European Union. However, the EU has endorsed the TCFD framework and has recommended that companies use it as a basis for their climate-related disclosures. Finally, the EU CSRD proposes that companies align their reporting requirements with internationally recognized standards, such as the TCFD framework. This would create greater consistency and comparability in sustainability reporting across the European Union. What should your organizations do today to prepare for mandatory ESG reporting With CSRD and other ESG mandates on the horizon, now is the time for organizations to address several key questions: What should your business be doing now to prepare for mandatory ESG reporting? What challenges does ESG data disclosure create for our organization, and how do we address them? How can we bring efficiency and centralization to our corporate ESG program? 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 March 22, 2023 webinar, "ESG in the EU -Preparing for Mandatory Reporting," to learn about: The expected impact of upcoming ESG reporting and regulatory enforcement The critical role of risk management in the success of corporate ESG programs How Archer ESG Management can help your organization tackle ESG reporting challenges Contact us to speak to an Archer expert.

In recent years, businesses have increasingly prioritized Environmental, Social, and Governance (ESG) reporting to measure their commitment to sustainability and responsible corporate practices. Many companies are now aware of the importance of measuring and managing ESG performance to reduce risks and seek out opportunities for growth. In addition, companies that successfully integrate ESG into their operations are viewed as more responsible and attractive to investors, customers, and other stakeholders. To meet this growing demand for better ESG reporting, Archer is proud to announce its accreditation as a CDP solution provider . Overview of CDP and its Mission CDP (formerly the Carbon Disclosure Project) is an international organization that works with organizations to measure and disclose their environmental impact. CDP scores the ESG performance of companies and provides insights into best practices and potential areas of concern. As an accredited CDP solution provider, Archer's ESG Management solution expands its ability to help our customers streamline their ESG reporting, provide them with actionable data, and use the CDP platform to benchmark against peers and industry standards. Additionally, in November 2022, the U.S. federal government proposed the Federal Supplier Climate Risks and Resilience Rule that will require major suppliers to the U.S. federal government to disclose their environmental impacts through CDP. This proposal amplifies the importance of introducing the CDP questionnaires in Archer’s ESG Management Solution . Archer's Expanded ESG Management Solution With this new accreditation, Archer expands its end-to-end solution for managing sustainability risks in a single, integrated risk management platform. At Archer, we believe that our CDP solution provider accreditation further strengthens our ability to help clients manage and mitigate ESG risks. With our expertise in risk management and sustainability, we can assist clients in identifying trends and potential impacts on environmental, social, and governance issues specific to their industry and location. In addition, Archer clients can customize risk assessments to fit their information needs or integrate them into other ESG frameworks, improving their understanding and evaluation of performance. Benefits of CDP Accreditation for Archer Customers Archer's accreditation as a CDP solution provider is a significant achievement demonstrating its leadership in ESG and integrated risk management. It provides an integrated platform that enables companies to manage their sustainability risks and meet regulatory requirements. Archer's commitment to sustainability and its focus on driving better risk decisions will help its clients achieve their corporate strategic goals and create value for society and the environment. Archer's ESG Management solution lets organizations collect and store all their ESG data in one platform. They can then analyze risks and opportunities, track 3rd party ESG risks, set ESG goals, and generate auditable sustainability reports from a single 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. Take the next step and schedule a demonstration of Archer's ESG Management Solution Want to learn more about ESG and how Archer ESG Management solutions can help your organization? Watch our " ESG in the EU - Preparing for Mandatory Reporting " webinar to hear from Archer Global ESG Lead Tahmina Day and Sr. ESG Consultant Anna Gurevich. They'll discuss strategic and practical approaches to using ESG tech solutions to meet reporting requirements. Contact us to speak to an Archer expert.