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Online Forum - Shaping Malta's Future: Governance and Sustainability | 6 -7 - 8 October 2021

Championing risk management through sustainability

The last two decades has shown that the globe is not static as major events such as the economic recession, the introduction of new technologies, terrorist attacks, environmental incidents, health emergencies and the introduction of new regulatory requirements occurred. These elements also impacted the corporate world and in fact, various studies found that 8 of the 10 most important business risks are directly related to environmental or social issues. For instance, risks in relation to reputation and brand, legislative change, the ability to attract top talent, and third-party liability are directly affected by sustainability issues. As a result, risk management and sustainability frameworks have become important tools for businesses to minimise potential losses as well as to retain competitive advantage. This notwithstanding, research has shown that these two frameworks are often implemented in a siloed approach which reduces the effectiveness of the intended results.

 

Integrating enterprise risk management (ERM) and sustainability

The integration of the two frameworks may assist companies in adequately identifying both short and long terms risks whilst evaluating emerging concerns. Subsequently, management may be in a better position to make sustainable and informed decision. Nonetheless, balancing sustainability and risk management may pose significant challenges that would require businesses to methodically address strategic, operational, collaborative and governance requirements.

Various models have been implemented by organisations to manage sustainable-related risks and the importance of such models was visible with the enactment of the EU Sustainable Finance Framework. The core of such models is to combine the assessment of the likelihood of an adverse event to occur and the impact of a present decision related to environmental, social and governance concerns on future individuals. For such models to be successful, organisations must ensure that sustainability is not only viewed as a risk but rather as a tool to better identify and manage risks. Furthermore, sustainability and risk management need to be incorporated in a company’s strategy and culture.

 

The future of this approach

The integration of sustainability and ERM frameworks by organisations is still deemed to be in its infancy. Nonetheless, such approach is expected to gain momentum as new regulatory requirements are being endorsed, stakeholders’ expectations for transparency is increasing and corporations are facing new challenges. In other words, managing risk in a sustainable manner has become a strategic priority rather than a social initiative.

“Shaping Malta's Future: Governance and Sustainability” will run over the course of three days in October, and will feature themed panels and a line-up of prominent speakers both from the private and the public sectors.

Our online forum will address how sustainable development is key in order to reignite the Maltese economy momentum after COVID-19, what organisations learnt, how businesses can mitigate deficiencies brought to light by the pandemic and what sustainable safeguards can be introduced to prevent similar market disruptions in the future. 

- Get valuable insights from over 30 local and foreign experts;

- Participate in the discussions by putting forward your questions;

- Take part in interactive polls;

- Network with other business professionals in our virtual lounges;

- Visit our virtual booth and book a meeting with our specialists.

Reserve your free place for "Shaping Malta's Future: Governance and Sustainability"

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Event Agenda (click to expand)
6 October

2:30 - 3:15 pm | The hybrid office: productivity, social dynamics and way forward

The pandemic forced many organisations to adopt a decentralised working model setting up remote teams. How has this affected productivity and what are the organizational and mental challenges faced by employees who are suddenly isolated from their peers? Is remote working a sustainable model in the long term?

 

3:30 - 4:15 pm | Embracing the digital revolution

While Covid-19 has projected the world toward an accelerated digitalization, new generations might have seen this coming. How do university students think this emphasis on technology may affect their careers and does this mean the end of "traditional" jobs?

 

4:30 - 5:15 pm | Governance strategies to drive business sustainability

Government incentives to increase digitisation for companies can pave the way towards corporate sustainability, however, organisations must be ready to adopt digital governance strategies. What are the key implications from a managerial perspective?

7 October

2:30 - 3:15 pm | The evolution of corporate finance and digital economy

We will discuss how blockchain transforming corporate finance and the financial services industry as well as its impact on capital markets by gradually replacing stock agents and changing the way stocks are traded.

 

3:30 - 4:15 pm | Malta and the great reset: sectors and skills that will drive growth

The “Great Reset” will see the alignment of the economy with the most pressing social issues. How can Malta capitalize on this monumental change and make sure that its workforce will be equipped with the skills necessary to succeed in this brave new world?

 

4:30  5:15 pm | Financing during and post Covid-19

A look inside the traditional forms of finance used during the pandemic. What mitigations are credit institutions using to safeguard against another financial crisis and what measures are being implemented to ensure that FDI is fully reignited? We will also delve into the impact that the pandemic had on capital markets. 

8 October

2:30 - 3:15 pm | Championing risk management through sustainability

Internal risk management and control functions help to strengthen governance frameworks, but how can organizations ensure their compliance with the latest regulations and legislation requirements? We will discuss the role of the risk management specialist in identifying and mitigating internal risks.

 

3:30 - 4:15 pm | Malta's way forward: sustainable recovery, development and growth

What measures are private organisations putting in place in order to safeguard the environment? How is the public sector ensuring that its policies are up to date with the latest environmental regulations? How is Malta aligning its Sustainable Development Vision for 2050 with the UN’s 17 Sustainable Development Goals? 

 

4:30 - 5:15 pm | Enabling a culture shift: Covid, FATF and an alternative outlook to GDP and beyond

Grant Thornton Malta Managing Partner Mark Bugeja will deliver a wrap-up session, discussing the road ahead for Malta and its financial institutions.

Event Partners