Managing Emerging Risks in the Green Economy: Deploying ERM to Manage Exposures to Achieve Sustainability Objectives

This workshop will provide participants with the knowledge and skills necessary to develop an effective Enterprise Risk Management (ERM) programme to manage sustainability risks. It will equip you with:

an introduction and knowledge of key concepts in sustainability risks and fundamental elements of Enterprise Risk Management (ERM) frameworks;
an awareness of commonly used international ERM standards and sustainability frameworks, and the challenges and importance of green taxonomy; and
the know-how to successfully integrate sustainability risks within an ERM framework for an improved ability to identify, assess, manage and report on sustainability risks to better align to the organisational objectives.

Participants will have ample opportunities to practise and apply the learnings in class through individual and group work. Participants will also gain insight to the challenges and practicalities of engaging stakeholders in managing emerging risks in the green economy.

Who Should Attend

The workshop is suitable for senior and middle level executives, risk managers, sustainability managers, and other professionals who are responsible for managing and reporting on sustainability risks within their organisation as well as those in strategic development, corporate planning and even auditors seeking to better understand ERM concepts, frameworks and sustainability risk exposures within their organisation.

Programme Outline

Learning Objectives

Enhance awareness of the regulatory and investment drivers for better governance, measurement and reporting of sustainability risks globally and in Singapore
Clarify key terminology and learn the importance of green taxonomy; understand the perils of greenwashing
Understand the nature and profile of sustainability risks and the unique challenges it presents for risk management
Learn key components of an Enterprise Risk Management (ERM) framework and its advantages for managing strategic and emerging risks
Understand how to integrate managing sustainability risks within the ERM framework:
- Learn to use sustainability risk categories
- Understand how to devise meaningful sustainability risk criteria
- Understand how to identify and align material risks to organisational objectives
- Practice developing sustainability metrics and indicators that can be integrated into the ERM framework
Identify challenges in integration and implementation
- Identify challenges and barriers for a risk-aware culture of sustainability within the organisation
- Identify key stakeholders within the organisation for active engagement in managing the communication of sustainability risks
- Identify external stakeholders and the types of information relevant to them
- Undertake case studies and practical exercises to apply ERM to manage sustainability risks

Day 1

Regulatory drivers for better governance, measurement and reporting of sustainability risks globally and in Singapore
Key terminology and the importance of green taxonomy; understanding the perils of greenwashing
The nature and profile of sustainability risks and the unique challenges it presents
Introduction to the ERM framework; key components; available standards; risk definitions
How to identify risks that matter; risk criteria and risk appetite development
Key elements of the risk process: context/business and regulatory landscape, identification, analysis, assessment, treatment and monitoring
Why treatment actions is at the heart of risk management
Risk governance and internal engagement; risk tools and reporting

Day 2

Sustainability risk categories and sustainability risk criteria
Identification and alignment of material risks to organisational objectives
Sustainability metrics and indicator
Challenges and barriers for a risk aware culture on sustainability issues
Key stakeholders within the organisation on sustainability matters
External stakeholders interested in sustainability practices of the organisation
Case studies and practical exercises relating to own organisation's sustainability risk exposures

Assessment

In-class competitions, take home assignment, group work and individual case studies.

Course Fees and Funding

Full course fee inclusive of prevailing GST	You pay S$2,180
SkillsFuture Course Fee subsidy (70%) For Singapore Citizens < 40 years old For Permanent Residents	You pay S$654
Mid-Career Enhanced Subsidy (90%) For Singapore Citizens ≥ 40 years old	You pay S$254
Enhanced Training Support for SMEs (90%) For SME - Sponsored employees	You pay S$254

The above module fee payable is inclusive of prevailing 9% GST.

Instructors

Lay Tem Pin
Deputy Director, Enterprise Risk Management
SUTD

Currently Deputy Director, Enterprise Risk Management, at the Singapore University of Technology and Design, Tem Pin is a highly-skilled risk management professional with extensive industry, consulting and public sector experience and a deep understanding of enterprise risk management with over 20+ years of experience in establishing risk management frameworks in large complex organisations. Her work with large MNCs spans the energy, commodities and the manufacturing sectors with companies listed in the top 10-50 on the SGX, LSE and NSE/BSE as well as stints with the Victoria Government and one of the Big 4 accounting firms.

In many of her roles, Tem Pin provided leadership in the risk management function by overseeing the implementation of enterprise risk management programs to identify, analyse, assess, report and mitigate risks across the organisation. She is often instrumental to the execution of an enterprise-wide approach to promote a company-wide culture of adoption and excellence in the risk function. Her role involves collaborating with the leadership team and developing close working relationships with business lines to ensure effective ownership and compliance. She has conducted numerous training sessions for colleagues at all levels including at the senior management level and the C-suite to enable practical application and to create greater awareness and understanding of the tools, processes and knowledge base.

Very few trainers are able to match the extent of Tem Pin’s professional experience in the field of applied Enterprise Risk Management. She is able to bring practical insights and best practices aligned to ISO31000/COSO to enrich the training experience and to provide participants with a solid foundation in risk governance and management that is fit for purpose. Tem Pin graduated with first class honors in the Bachelor of Commerce with an Honors Degree from the University of Melbourne, Australia.

Policies and Financing Options

SSG Funding Terms and Conditions

Use of Personal Details

In consideration of the subsidy provided by SkillsFuture Singapore Agency (“SSG”) through the SUTD Academy for the Course,

I consent to:

The collection, use and disclosure to relevant third parties of my personal data by the SUTD Academy including but not limited to personal particulars, attendance records, assessment/performance records, for the following purposes:

Reporting of national statistics and conducting of holistic continuing education training research and analysis;
Facilitate the conduct of the relevant surveys and audits in relation to the Course;
General administration of the Course including but not limited to processing of the subsidy provided by SSG;
Publicity and marketing of the Course or other Courses to be provided by SSG or SUTD Academy; and
SSG or its Appointed Auditors or Nominated Representatives to directly contact Course Participant to obtain information deemed necessary for the purposes of conducting effectiveness survey or audits in relation to the Course.

SUTD will have to claim the full course fee from participant who is unable to fulfil the SSG funding requirements stated below.

I agree to:

Attend and complete all lectures, class exercises, workshops and assessments;
Complete the Course feedback at the end of the Course;
Complete the post Course survey sent about 3 to 6 months after class attendance; and
Sign up for a personal email account.

SUTD Privacy Statement

For more information on SUTD's privacy statement, please visit https://sutd.edu.sg/Privacy-Statement.

SUTD Terms and Conditions

Methods of Payment

Learn more about the available payment modes.

Cancellation & Refund Policy

If a written notification is sent to sutd_academy@sutd.edu.sg within 24 hours after course registration deadline there will be no cancellation charges. A full refund will be made.
No refund is provided if written notification is more than 24 hours after course registration deadline. SUTD Academy reserves the rights to collect the full fee amount from the participant.

Replacement Policy

Companies may replace participants who have signed up for the course by giving a 3-working day notice before the course commencement date to sutd_academy@sutd.edu.sg. Terms and conditions apply.

Registration Policy

Course may be cancelled due to insufficient participants. SUTD Academy will not be responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from any course cancellation.
Course enrolment is based on a first-come, first-served basis.
SUTD Academy reserves the right to change or cancel any course or instructor due to unforeseen circumstances.

Types of Funding

Funding under Mid-Career Enhanced Subsidy ("MCES")

MCES is an enhanced Subsidy to encourage mid-career individuals to upskill and reskill, thereby helping them to remain competitive and resilient in the job market. With this, all Singaporeans aged 40 and above will receive higher subsidies of up to 90% course fee subsidy for SSG-funded certifiable courses.
Individuals/employers are not required to submit an application for the MCES. Those pursuing SSG-funded programmes will be charged the appropriate subsidised fees by SUTD Academy if they are eligible MCES. Individuals/employers will only need to pay the nett fee (full course fee after SSG's grant).

For more info, please visit SkillsFuture website at https://www.skillsfuture.gov.sg/enhancedsubsidy

Funding under Enhanced Training Support for SMEs ("ETSS")

ETSS is an enhanced funding to enable SMEs to send their employees for training.
SMEs will enjoy subsidies of up to 90% of the course fees when they sponsor their employees for SSG-funded certifiable courses.
In addition to higher course fee funding, SMEs can also claim absentee payroll funding of 80% of basic hourly salary at a higher cap of $7.50 per hour. SMEs may apply for the absentee payroll via the SkillsConnect system.
To qualify, SMEs must meet all of the following criteria:
- Organisation must be registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover of not more than $100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents

For more info, please visit SSG website at https://www.ssg.gov.sg/programmes-and-initiatives/funding/enhanced-training-support-for-smes1.html

Funding under Union Training Assistance Programme ("UTAP")

UTAP is a training benefit for NTUC members to defray their cost of training. This benefit is to encourage more union members to go for skills upgrading.

NTUC members enjoy 50% unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP (Union Training Assistance Programme).

For more info, please visit https://e2i.com.sg/individuals/ntuc-education-and-training-fund/.

Funding under Post-Secondary Education Account ("PSEA")

The Post-Secondary Education Account (PSEA) is part of the Post-Secondary Education Scheme to help pay for the post-secondary education of Singaporeans.

This is part of the Government’s efforts to encourage every Singaporean to complete their post-secondary education. It also underscores the Government’s commitment to support families in investing in the future education of their children and to prepare them for the economy of the future. PSEA is not a bank account.

It is administered by the Ministry of Education (MOE) and is opened automatically for all eligible Singaporeans.

Account holders can use their PSEA funds to pay for their own or their siblings’ approved fees and charges for approved programs conducted by approved institutions.

However, you will have to check your eligibility and balance by contacting MOE first.

Contact MOE at (65) 6260 0777

E-mail to MOE at contact@moe.edu.sg

Click here for MOE website.