1、Global ESG,Compliance,and Risk Report 2023Mature Risk Management in Uncertain Times November 2023 By Julia Gebhardt,Katharina Hefter,Juliane Butters,Eva Kalteier,Matteo Coppola,Bernhard Gehra,Thomas Pfuhler,Jeanne Kwong Bickford,Abhinav Bansal,and Pierre Roussel1 GLOBAL ESG,COMPLIANCE,AND RISK REPOR

2、T 2023:MATURE RISK MANAGEMENT IN UNCERTAIN TIMESMature Risk Management in Uncertain Times In this report,we look at the current status of risk manage-ment in industries outside the financial sector and review the principal findings from an extensive survey of senior executives across industries glob

3、ally.Crucially,we then set out the practical measures that companies can take to move from aspiration to achievement in risk management.The main conclusions of our report are as follows:Companies that had already put in the hard work to cultivate mature risk management emerged from these crises conf

4、ident and relieved that they had done so.Indeed,these companies paths through the crises were altogether smoother than for rivals that had not brought their risk management capabilities to the same level of maturity.The difference was stark.While almost three in four companies(71%)with mature risk m

5、anagement capabilities agree that these capabilities helped to miti-gate the many potentially negative consequences of the crises,only around half as many(37%)with less-devel-oped risk management reported the same thing.When it came to the crunch,investment in risk management materially paid off.Our

6、 BCG survey also gets to the bottom of what mature risk management actually means in practice.To suc-ceed in periods of intense crisis,risk management rests on a crucial interplay:a strong strategic foundation in combination with effective operative implementation.A corporate center first sets the o