Ty Francis MBE, CCEP

In this presentation, https://lnkd.in/dp9V3CX7 Dave Snowden unpacks the dynamics of complexity as part of his widely acclaimed Cynefin model. He shows that complexity is not what most people think it is and distinguishes it from the more familiar realm of 'complicatedness'. Such has vast ramification for how to think about the design of systems. #thevenusproject #venusproject #oprojetovenus #elproyectovenus #resourcebasedeconomy #roxannemeadows #ПроектВенера #complexity #davesnowden

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Another great example today of how enforcement authorities are cracking down on implementation of sustainability regulations - in this case environmental claims in Italy by the Irish-based company that operates Shein's Italian website. This latest investigation by the Italian antitrust body follows several other recently launched investigations by that body into claims made by other luxury fashion brands including Armani and Dior. Penalties for non-compliance with consumer rights regulations in Italy currently include fines ranging from 5,000 to 10 million euros so the financial implications (as well as the legal and reputational risks) are significant. This crackdown against greenwashing and green claims coincides with the entry into force of the EU Empowering Consumers for Green Transition Directive 2024/825 (aka the Greenwashing Directive) in March which prohibits companies from making vague environmental claims (such as "environmentally friendly" or "climate-neutral) about their products unless they are backed up by clear and verifiable evidence.

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On May 22, ERM Part-Time Lecturer Penny Cagan spoke at MetricStream's panel, Operational Risks At Crossroads: Meeting Board's Expectations. In this panel, Penny and other subject matter discussed: ∙ The evolving landscape of operational risks and their impact on organizational resilience ∙ Strategies for effectively communicating operational risks to the board and fostering a culture of risk awareness ∙ Practical approaches to integrating risk management into decision-making processes and enhancing overall governance ∙ Guidance on developing robust incident response plans to minimize the impact of potential disruptions ∙ The role of technology and data analytics to automate and enhance operational risk management and resilience program Register to view the recording here: https://lnkd.in/e_vBE5Dj #columbiaerm #operationalrisk #organizationalresilience #communication #riskawareness #riskmanagement #decisionmaking #incidentresponse #technology #dataanalytics

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I watched a great FT documentary recently on whether the "ESG Party" was over? The answer was a resounding no, rather it was now being simply viewed as a core part of doing business and good risk management to understand your environmental and social impacts - not something seperate on the side. And the publication by the EU regulators (ESMA) this week shows just that. One of the major recommendations from their request by the EU Commission to provide an opinion and review on the Sustainable Finance Regulatory Framework is that ALL financial products should have to report, not just carbon emissions, but biodiversity, human rights and broader social impacts. This is big. And follows on from the EU Parliaments approval of the CSRD regulation that requires all companies in the EU to have to disclose their material impacts. Both of these state that it is simply just good consumer protection and risk management to have to be clear, transparent and comparable disclosure of the risks and impacts of business products, services and activities - no matter if your business or financial product is claiming to be "sustainable" or not. Couldn't agree more - thats why at Vested Impact we assess the impact of over 2M SME's, 25,000 listed companies, and thousands of Bond disbursements. We need to understand the WHOLE picture if we are going to solve the worlds challenges. And good risk management will always be here to stay. #impactassessment #materialimpacts #csrd #csddd #sfdr #sdgs

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Great article written by Ian Rosam for CQI | The Chartered Quality Institute and IRCA | International Register of Certificated Auditors on how ESG should not be seen as a separate initiative in the management of an organisation, but linked to existing practices, culture, and risk management. #CQI #IRCA #ESG #SDGs

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🙌🏽 Could #ArtificialIntelligence help DEI? 🌈 Jeffrey L. Bowman and his team at Reframe AI Technologies have launched a small language model (#SLM) that serves as a DEI personal assistant. The chatbot helps users solve specific #diversity-related challenges. Bowman says his company's model represents the #culture shift in orgs that DEI requires. He believes #AI can help instill that shift. Too many AI models ignore #DEI and we feel hopeful about this one. EthicAI builds trust in AI solutions. We believe AI rooted in #ethics leads to untold innovation. #TrustworthyAI #AINews #AIStrategy #AIForBusiness #ethicalAI #AIethics #genAI #responsibleAI #AIgovernance #Equity #Inclusivity #diversity (🔗 to article in comments)

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Interesting findings released by the OECD - OCDE on the drivers of public trust in public institutions The results across OECD countries are pretty disturbing: 🔸39% trust their national government 🔸37% are confident that their government balances the interests of current and future generations 🔸41% believe their government uses the best available evidence when taking a decision This one is important - that perceptions of having a say in government actions influence trust more than socio-economic and demographic characteristics do. That gives us a steer on how to improve💡 People who feel financially insecure, those with low levels of education, women, younger people as well as those who report belonging to a group that is discriminated against report lower levels of trust in government Australia fared better than most, but still less than half of us trust the government 🔹 in 2023, 46% of Australians reported high or moderately high trust in the federal government, above the OECD average of 39%, up by 8 points since 2021, the 3rd highest increase among the eighteen OECD countries with available data Public trust in our institutions is so critical to democracy - we need to do better - particularly at enabling dialogue so people affected by decisions feel heard

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As AI continues to drive rapid transformation across industries, the question of regulation becomes more critical. Anna Antimiichuk's recent blog post, based on Lord Holmes presentation at the recent #RISK London conference, on Finextra touches on the delicate balance between fostering innovation and ensuring ethical, responsible AI development. https://riskgrc.com/ #RISK #AI #Innovation #Ethical Read full blog here 🔗https://lnkd.in/eZfAhpuz

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New on #LTIBlog: Looking for your next read? Daniel Pfeiffer, LibTech Insights and Choice social sciences editor, has pulled together five interesting pieces on #GenerativeAI https://ow.ly/S3Xi50SObIr #EDUTech

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🌐 Join us for an engaging panel discussion at the IIA AI Summit on 4.18.24, featuring an amazing lineup including our CEO—Henriette Fleischmann, Marcin Detyniecki, Christopher Paquette, and Henk van Biljon, all moderated by Lisa Dolan. They will dive into the transformative power of AI in the insurance industry. Don't miss out on the insights! #IIAAISummit #AI #InsuranceInnovation #TechLeaders

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Let's discuss privacy and AI governance, including how technology and law factor into this critical issue. #datascience #AI #artificialintelligence https://hubs.li/Q02HqSnN0

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📢 Last call for the April edition of our monthly Policy Hour happening tomorrow, Thursday 25 April 2024, at 4 pm BST/ 5 pm CEST/ 11 am EDT Our very own Siddhant Chatterjee will be joined by Rashad Abelson from the OECD - OCDE to discuss Managing Risks with AI Governance They will be covering all things AI incidents and penalties, as well as the OECD AI principles, AI risk management techniques, standards, and audits to manage and mitigate these risks 📆 Sign up here https://lnkd.in/eYpSgiSm #aigovernance #airiskmanagement #ethicalai #responsibleai

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Let's discuss privacy and AI governance, including how technology and law factor into this critical issue. #datascience #AI #artificialintelligence https://hubs.li/Q02J_gLW0

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Navigating The Changes To The 2024 JPAG Practitioners' Guide 🔍 This week our very own Jessica Shackley shares some insights on the recently released 2024 JPAG Practitioners' Guide, which introduces substantial improvements aimed at strengthening governance, enhancing transparency, and refining financial management in smaller authorities. You can download the guide here: https://buff.ly/3IW4LGQ 💡Key Updates Include: ✉️ Email Management: There's now a requirement for an official email account for council-related communications, ensuring a centralized platform for correspondence. ☑️ Audit Independence: The guide emphasises the independence of internal auditors and the necessity for unrestricted access to documents, enhancing the integrity of audits. 💷 Trust Fund Management: New detailed guidance for managing and reporting on trust funds has been introduced, promoting accountability and transparency. 💻 Accessibility of Reports: Authorities are encouraged to make financial reports and audit findings more accessible online, improving public engagement and oversight. 📃 Amendments to AGAR: Procedures for amending AGAR submissions after approval have been clarified, ensuring transparency and accountability in financial reporting. Here at Scribe, our team is always keen to help if you've got any questions about the published guidance. Leave us a comment or send a DM 💬 #townCouncil #parishCouncil #communityCouncil

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