8CIOReview | | JUNE 2024IN MY OPINIONBy Jaqueline Monteiro, Global Insurance and Risk Manager, SAE TowersJaqueline Monteiro, shares her insights into successful execution, future trends, and leadership strategies, offering invaluable guidance to organizations seeking to optimize their operation through environmental, social and governance (ESG) factors.Facing the current scenario of climate change and environmental catastrophes, companies around the world are integrating environmental, social and governance factors as a fundamental part of their business strategies. Recognizing the importance of considering these factors goes beyond mere corporate social responsibility; now, it is a risk and opportunity management strategy, essential to guarantee the sustainability and long-term success of companies. Globally, economic losses caused by climate change have increased by 250% in the last 30 years. It is therefore clear that it is urgent to understand and implement ESG factors.But what are ESG risks?ESG risks are the challenges an organization faces with environmental, social and governance issues that can impact its operations, reputation and financial performance. There are several sources of risks, such as regulatory changes, scarcity of natural resources, labor problems, and cybersecurity. Among others, ignoring these risks can lead to significant negative consequences, including fines, lawsuits, damage to the company's image, loss of investors, including impacts on insurance. Therefore, it is necessary to manage these risks with actions to identify, evaluate and mitigate the risks and opportunities associated with ESG ESG RISKS AND IMPACTS ON INSURANCE CONTRACTINGJaqueline Monteiro brings two decades of expertise in insurance and risk management to her role as a global insurance and risk manager at SAE Towers. With a background in Civil Engineering, she has specialized in various facets of insurance, including engineering risks, industrial risks and property insurance. Her experience spans national and international insurance programs, encompassing areas such as EAR/CAR, civil liability, transport and environmental risk. Jaqueline's adeptness in navigating diverse insurance domains ensures comprehensive coverage and robust risk mitigation strategies for SAE Towers in the infrastructure, power, energy and real estate sectors.Jaqueline Monteiro
< Page 7 | Page 9 >