The Intersection of GRC & Sustainability — Amplo Global Inc.

A company’s approach to GRC (governance, risk management, and compliance) can help align the organization’s processes and actions to achieve its goals. The term GRC refers to the composite function of governance, risk management, and compliance. It can identify and address organization-wide risk, and ensure all activities meet legal and regulatory requirements. A company’s GRC can help determine its stability and longevity. Given the rapidly changing socio-economic environment, to ensure business stability, sustainability principles need to be foundationally incorporated into the GRC strategy.

Sustainability refers to resource consumption in a way that meets present needs without compromising future generations’ ability to meet their own needs. The goal of a sustainability strategy is value creation in the form of efficient and ethical utilization of natural resources and social capital. An organization’s sustainability strategy can be driven by a variety of factors, such as goodwill and CSR. However, most often, the key drivers of sustainability in organizations are business risks and compliance with environmental and legal regulations. Evidently, sustainability and GRC are inextricably linked.