Why sustainability is a risk management issue

11-01-2021

Why sustainability is a risk management issue

Valentina Paduano, chief risk officer and sustainability director, Sogefi Group

Risk managers have a key role to play in helping their organisations address sustainability issues, as Valentina Paduano, leader of FERMA’s sustainability group, told Intelligent Insurer.

As leader of the Federation of European Risk Management Associations’ (FERMA) sustainability group, Valentina Paduano believes that risk managers have a key role to play in promoting sustainability in their organisations. Sustainability risks need to be managed just like other types of risk, and that includes breaking down silos and promoting a joined-up approach to the issues they present.

Paduano, who is chief risk officer and sustainability director at Sogefi Group, a multinational company producing components for the automotive industry, says the problem is often that companies do not take an active approach to managing sustainability risks.

“Sustainability is often perceived by companies as a box-ticking exercise, and this can be a problem because no real attention is being placed on how the responsibility is relevant for the company and can create added value,” she says.


FERMA, Risk Management, Insurance, Reinsurance, Valentina Paduano, Europe

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