There are many reasons to align ERM and ESG and embed them in strategizing and operations. Both set of principles focus on identifying and addressing the risks to long-term business success.

Enterprise Risk Management (ERM) is an organization-wide process of identifying and addressing events that may potentially either become operational or strategic risks, or harm opportunities to gain competitive advantage. Environmental, Social, and Governance (ESG) standards also address risks that businesses and investors have an interest in addressing. It therefore makes sense that ERM and ESG are merging, because both processes focus on the identification and assessment of the risk....