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Tools for Risk Assessment


Assessing CSR and ESG Risks and Opportunities

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Unit Summary

Imagine trying to fix a modern car with tools from a century ago. It just wouldn't work.
Similarly, in the intricate realm of CSR and ESG, having the right tools for risk assessment is indispensable.
Traditional tools like SWOT analysis offer foundational insights, breaking down strengths, weaknesses, opportunities, and threats.
However, the world of CSR and ESG demands a more nuanced approach. Enter frameworks like PESTLE, which considers Political, Economic, Social, Technological, Legal, and Environmental factors.
Such tools allow companies to delve deep, ensuring a comprehensive risk evaluation.
By mastering these tools, you equip yourself to holistically scan the CSR and ESG landscape, ensuring that potential pitfalls are identified and addressed proactively.

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