Apr 18, 2023
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
Today’s guest is Lisanne Sison, Managing Director for the ERM and ESG practice at Gallagher and a member of the RIMS Strategic and Enterprise Risk Management Council. In this interview, Lisanne and Justin discuss Earth Day, April 20th, and the growing importance of ESG in light of climate change. Everyone needs the earth, so we need to invest in keeping it in good condition. They examine how organizations can set ESG goals and report on them to boards using stories to clarify the metrics. They conclude with an advance look at the April 20th RIMS webinar where Lisanne is a panelist: ESG and Climate Resilience, sponsored by Gallagher.
Key Takeaways:
[:01] About RIMScast.
[:27] Today’s topic is ESG, in honor of Earth Day, April 20th, and we’ll be joined by Lisanne Sison, Managing Director for the ERM and ESG practice at Gallagher and a member of the RIMS Strategic and Enterprise Risk Management Council.
[:45] All about upcoming RIMS webinars, workshops, events, and more!
[1:26] About RIMS-CRMP.
[1:40] About RIMS-CRMP-FED.
[2:14] About RISKWORLD 2023 with closing keynote speaker Danica Patrick!
[2:54] About today’s episode on ESG for Earth Day, with Lisanne Sison. Lisanne will also be a panelist on the April 20th RIMS webinar sponsored by Gallagher.
[3:32] It will be Earth Day on April 20th. Lisanne says every day should be Earth Day! We need it constantly, and it makes sense for us to make an investment in the earth.
[4:24] Lisanne is Managing Director for ERM and ESG with Gallagher.
[4:44] Lisanne tells how ERM looks at climate change. There is more focus on the importance of climate to everybody. Our clients deal with real risks that science associates with climate change. More stakeholders are interested in it now.
[5:48] How climate change will be tied to reputation and brand and will have a financial impact. There will be accounting for carbon emissions. Lisanne hopes we get more structure and consistency on how we are expected to report on them.
[6:41] ESG is big. Lisanne starts with the strategy. What are your goals for the organization specific to climate and the environment? How do you set the metrics?
[7:15] Next is how to translate the goals and metrics to a communication with the board. Lisanne lists three buckets of carbon emissions as Scope 1, on-site activities; Scope 2, purchased energy; and Scope 3, upstream and downstream impacts.
[7:48] A board will expect to see your goals reporting separated into these scopes. Your metrics track energy, water, materials, and food your organization uses and the wastes it produces. You want to be able to report usage is going down.
[8:43] You want to be able to show your costs going down with usage. Measure performance against the goals that you set. Show the impact on the value your goals are producing.
[9:18] RIMS plug time! Sponsor a weekly or dedicated episode of RIMScast! Contact us at pd@rims.org. Register for RISKWORLD 2023, and workshops before RISKWORLD.
[10:23] Justin revisits his interview with Johnny C.
Taylor Jr., President and CEO of SHRM, about what Johnny has in
store during his opening keynote at RISKWORLD. It relates to
COVID-19!
[12:12] About awards and additional RISKWORLD keynotes, including
Danica Patrick!
[12:45] Storytelling and the methods of storytelling are extremely important when reporting to the board! The three buckets example is useful. Start with water.
[13:58] How can we manage the risks effectively?
[14:02] About the RIMS April 20th Webinar on ESG and Climate Resilience, Sponsored by Gallagher. Lisanne is on the panel and tells us what we can expect from this session. There will be several Gallagher experts, including Steve Bowen and Natalie Douglass!
[14:48] The webinar goal is to show why ESG is important and what risk managers need to know now and in the future.
[15:05] Happy Earth Day coming up! Justin thanks Lisanne Sison for being on the show.
[15:18] Special thanks to Lisanne Sison of Gallagher and the RIMS Strategic and Enterprise Risk Management Council for joining Justin today.
[15:26] Lisanne Sison will be a panelist on the RIMS webinar sponsored by Gallagher on April 20th, ESG and Climate Resilience. Register at RIMS.org/webinars. Sponsor a RIMScast episode to reach a global audience! Justin shares other RIMS offers, including a transitional membership!
Mentioned in this Episode:
RISKWORLD 2023 — April 30‒May 3 in Atlanta, Georgia! Public registration is open!
Riskworld: In-Person Workshops April 29‒30 | Save 30% on pre-conference workshops when you register to attend RISKWORLD!
RIMS-CRMP Exam Prep Course — In-Person at Riskworld, April 29‒30! Register by April 21.
RIMS-CRMP-FED Virtual Prep Course — May 8‒10, 2023 | Register by May 1.
RIMS Diversity Equity & Inclusion page
Spencer Educational Foundation
Contribute to Risk Management Magazine
Upcoming Webinars:
ESG and Climate Resilience | Sponsored by Gallagher CORE360 | April 20, 2023
The Green Transition | Sponsored by Beazley | May 9, 2023
Unraveling the White-Collar Criminal: A Comprehensive Look at the Forces Driving Organized Insurance Fraud | Sponsored by Travelers | May 11, 2023
See the full calendar of RIMS Virtual Workshops
Related RIMScast Episodes:
“Strategic Moves with RIMS CEO Gary LaBranche”
“Riskworld Keynote Johnny C. Taylor, Jr., SHRM President, and CEO” (2023)
“Innovation and Improvisation with RISKWORLD Keynote Josh Linkner” (2023)
“World Water Day, IoT, and Water Damage Reduction with John Dempsey”
“Earth Observations, Acronyms, and Risk with Dr. Shanna McClain of NASA” (2021)
Celebrating #SpencerDay and Funding the Future of Risk Management
Emerging Risks and Board Reporting with Suzanne Christensen
“Navigating the Hazards of ESG-Linked ERM Risk with Nir Kossovsky and Carnell Jones” (2022)
“The Power of Storytelling in ERM with Dr. Karen Hardy” (2022)
“ERM, ESG, and More Acronyms with Jana Utter”
Sponsored RIMScast Episodes:
“Analytics in Action” | Sponsored by Alliant (NEW!)
“Captive Market Outlook and Industry Insights” | Sponsored by AXA XL
“Using M&A Insurance: The How and Why” | Sponsored by Prudent Insurance Brokers Ltd.
“Zurich’s Construction Sustainability Outlook for 2023”
“Aon’s 2022 Atlantic Hurricane Season Overview”
“ESG Through the Risk Lens” | Sponsored by Riskonnect
“A Look at the Cyber Insurance Market” | Sponsored by AXA XL
“How to Reduce Lithium-Ion Battery Fire Risks” | Sponsored by TÜV SÜD
“Managing Global Geopolitical Risk in 2022 and Beyond” | Sponsored by AXA XL
“Keeping Subcontractors Safe Through Partner Elevation” | Sponsored by Highwire
“ESG: A Responsibility and a Growing Megatrend” | Sponsored by Prudent Insurance Brokers Ltd.
“Prioritizing People: Focusing on Your Team to Deliver Exceptional Quality and Service to Your Clients” | Sponsored by Gallagher Bassett
“Bermuda Opportunities in 2022 with BDA Chair Stephen Weinstein” | Sponsored by Bermuda Business Development Agency
“SyncR: A Tool to Enhance Your Risk Quality & Insurance Strategy” | Sponsored by Prudent Insurance Brokers Ltd.
“RIMScast: Navigating the Risk Landscape in 2022” | Sponsored by AXA XL
“RIMScast: Prioritizing People: Expertise and Innovation” | Sponsored by Gallagher Bassett
“RIMScast: Risk Findings for the Industrial & Manufacturing Industry” | Sponsored by Aon
RIMS Publications, Content, and Links:
RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!
RIMS Advisory Services — Ask a Peer
RIMS-Certified Risk Management Professional (RIMS-CRMP)
RIMS-CRMP Stories — New interview featuring SKRIMS President Katherine Dawal!
Spencer Educational Foundation
RIMS Events, Education, and Services:
RIMS Events App Apple | Google Play
NEW FOR MEMBERS! RIMS Mobile App
Dan Kugler Risk Manager on Campus Grant
Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.
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Follow up with Our Guest:
Managing Director, ERM and ESG Practice at Gallagher
Lisanne is also a member of the RIMS Strategic Enterprise Risk Management Council https://rims.org/resources/strategic-enterprise-risk-center
Tweetables (For Social Media Use):
“Whether it’s an increased frequency and severity of storms, drought, wildfire, or you name it, there’s a lot of things that the science points to climate change having an impact on those, and those are all real physical risks that our clients deal with.” — Lisanne Sison
“It’s not a political issue. It’s just, how can these risks impact our operation and what do we need to do to be able to manage those risks effectively?” — Lisanne Sison
“I think that the emphasis [on ESG] will continue to grow and hopefully, we’ll get more structure and consistency around how we’re expected to report on that.” — Lisanne Sison
“The goal of [the webinar] is to pull together some different perspectives that translate why ESG is important and what risk managers need to know, both immediately and in the future.” — Lisanne Sison