NAVIGATING THE DIFFERENCES BETWEEN DUTY OF VIGILANCE AND OTHER RISK ANALYSES

The Low-Down on Duty of Vigilance Risk Analysis

A growing number of regulatory and international initiatives require organizations map their ESG risks. In 2017, for example, France adopted a law on the duty of vigilance for multinationals operating all or part of their business in France. While this creates a mosaic of risk management efforts, various European initiatives provide a framework for non-financial risk management (including the NFRD, CSRD and SFRD)

However, it still conveys an additional source of complexity. That said, each tool operates under a specific logic. Above all, taken in concert, they support a better understanding of key risks from a range of complementary angles.

Key Takeaways

In this briefing paper, Ksapa highlights the convergences and divergences between duty of vigilance and other risk management efforts. We are presenting the components of the duty of vigilance compared to other internal control andrisk management efforts(standards, goals, methodologies, expectations).