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There is a famous quote from Mike Tyson: “Everyone has a plan until they get punched in the face.”  If you are headed into the ring against a world champion, you certainly must have trained hard and built a plan. The hope is that even after that first punch, that plan remains intact and you can continue to execute, regardless of the obstacles – namely Mr. Tyson’s fist. Is it too early to think about the next step in your risk management journey? Absolutely not. As a GRC professional, you may feel like you are standing in the ring facing a heavy-duty fighter. The uncertainty your organization is hoping you help navigate is daunting. Environmental concerns collide with financial risks as investors inspect the long-term viability of companies with regards to climate change. Companies expand their digital footprint battling issues such as privacy and social responsibility while entangled with the already daunting challenge of digital crime and fraud. Economic shifts, societal upheaval, strained systems, geopolitical strife – these potential risks cast a deep shadow. It is imperative to keep an eye on trends that can help you deliver impactful inputs to your organization’s risk management strategy. The risk and compliance landscape continues its rapid transformation, presenting both opportunities and challenges for organizations striving to stay ahead. Companies like yours are facing heightened cybersecurity threats, regulatory changes, and the need to integrate advanced technologies seamlessly. As you review your risk management strategy, there are emerging trends that will reshape GRC in 2025 that you can begin preparing for now, including the integration of AI for streamlining risk analysis and improving decision-making, a user experience revolution in leveraging seamless workflows and intuitive design, and the heightened impact of assurance and resilience in delivering significant value. I invite you to join Forrester’s Cody Scott from Forrester  and me for a June 18 webinar, “Way-Too-Early GRC Predictions for 2025” for a discussion about these trends and insights that will help you formulate your risk management strategy for 2025 and beyond.

Navigating the regulatory landscape in financial services has long been a full-time job. Regulations evolve almost monthly and institutions must continuously adapt their compliance strategies to meet new standards and guidelines. Therefore, compliance professionals have the difficult, if not impossible, job of identifying relevant regulatory changes, understanding their implications, and then guiding their organizations in implementing necessary adjustments to policies and practices. This process is not only time-consuming but is also full of risk. Humans trying to make sense of regulations in real time is almost always a recipe for disaster and the speed at which regulation can change could make what was legal illegal overnight. What’s the answer? Automation. Automation offers the potential to streamline the compliance process, reduce the risk of errors, and enable compliance teams to focus on strategic aspects of their roles rather than getting bogged down in the minutiae of regulatory updates. The Rise of Regulatory Automation Automation leverages technology to systematically monitor, analyze, and implement regulatory changes across various jurisdictions and regulatory bodies. This approach not only simplifies the process of staying current with the latest regulations but also significantly reduces the likelihood of human error and the burden associated with manual compliance tasks. By integrating sophisticated algorithms and artificial intelligence, automated systems can swiftly identify relevant regulatory updates, assess their impact on the organization, and guide the necessary adjustments to policies and procedures. And, best of all, these automated systems will “show the work,” ensuring that the humans in the loop aren’t thrown for a loop with an unexpected change. The State of the Art Isn’t So State of the Art The current state of regulation in the financial services sector is marked by both complexity and an overwhelming volume of change. Financial institutions are under constant pressure to adapt to a steady stream of new and updated regulations that span across all aspects of their operations. This environment is not only challenging due to the sheer number of regulations but also because of their complexity. Each regulation comes with its own set of rules and requirements, often with nuanced differences depending on the jurisdiction. Just as no one person can understand the vagaries of a particular business, no one person can keep track of the constant changes associated with compliance. Key regulations that exemplify these challenges include the General Data Protection Regulation (GDPR) in the European Union, which sets stringent data protection and privacy standards; the Dodd-Frank Wall Street Reform and Consumer Protection Act in the United States, which introduced a comprehensive set of financial regulatory reforms post-2008 financial crisis; and the Markets in Financial Instruments Directive II (MiFID II) in Europe, aimed at increasing transparency across the financial markets. Each of these regulations has significantly impacted how financial institutions operate, requiring them to invest in new technologies, processes, and personnel to ensure compliance. And, what’s worse, many of the regulations are vague or inapplicable to a certain business. Further, no one can say when or who will crack down on a certain part of the regulatory system, leading to the need to over prepare for a problem that might never rear its head. That said, the implications of non-compliance with these and other regulations can be severe. Financial penalties for breaches can reach into the billions, eroding profits and affecting the bottom line. Beyond the financial impact, non-compliance can also lead to reputational damage that can be far more destructive in the long term. Loss of customer trust and confidence can result in a decline in business, while the negative attention from media can further tarnish an institution’s image. Regulatory bodies may impose operational restrictions, hindering the institution’s ability to conduct business. How, then, do you manage this situation? There are a few trends that are making it easier and far more efficient to survive the storm. Trends In the Regulatory Space The landscape of regulatory change management is continuously evolving, shaped by several key trends that underscore the challenges and opportunities facing financial institutions today. One notable trend is the increasing frequency and scope of regulatory updates, reflecting a global push towards tighter financial oversight in response to past crises and the rise of new financial technologies. This environment demands that institutions not only keep pace with current regulations but also anticipate future changes. Simultaneously, there’s a growing reliance on technology and data analytics within the compliance sector. Financial institutions are leveraging these tools to gain insights into vast amounts of regulatory data, enhancing their ability to identify relevant changes and assess their impact more efficiently. This trend highlights the importance of sophisticated data management strategies in supporting compliance objectives. Another shift is the emphasis on proactive risk management and regulatory monitoring. Rather than reacting to regulatory changes as they occur, institutions are increasingly adopting forward-looking approaches that emphasize ongoing vigilance and preparedness. This proactive stance is essential for mitigating potential compliance risks and aligning regulatory strategy with business objectives. There’s a clear shift towards integrated and automated compliance solutions. These platforms offer a holistic approach to managing regulatory changes, combining monitoring, analysis, and implementation functions into a cohesive system. By reducing the reliance on manual processes, these integrated solutions enable more efficient and effective compliance management. Automating For Efficiency Automation stands at the forefront of transforming regulatory change management, offering several pathways to increased efficiency within financial institutions. Firstly, the accelerated identification and assessment of regulatory changes are made possible through AI-powered algorithms and natural language processing. These technologies can sift through vast amounts of regulatory information, identifying pertinent changes quickly and accurately. Automated tracking and monitoring of regulatory updates from various sources, including regulatory agencies and industry publications, ensure that financial institutions remain abreast of all relevant changes. This comprehensive coverage is crucial for maintaining compliance across different jurisdictions and regulatory frameworks. Streamlined impact assessment and gap analysis further enhance the efficiency of compliance efforts. By automating these processes, institutions can prioritize their compliance activities more effectively, focusing resources on areas of highest impact or risk. This targeted approach facilitates a more strategic allocation of compliance resources. Lastly, automated workflows for implementing and documenting regulatory changes within the organization not only expedite the compliance process but also ensure thorough documentation and traceability. This capability is vital for demonstrating compliance to regulatory bodies and minimizing the risks of non-compliance penalties and reputational damage. Real-time reporting and compliance analytics can make a manager’s difficult job surprisingly simple. By creating a feed of regulatory information and, potentially, allowing for automatic auditing via AI, a manager can immediately learn about and remedy regulatory issues as they arise. Looking Forward The potential for further advancements in automation technologies, including machine learning and predictive analytics, holds promising prospects for regulatory change management. These technologies could offer even more sophisticated tools for predicting regulatory trends, enabling financial institutions to prepare for changes more proactively. Additionally, the integration of automation into broader risk management and governance frameworks could further enhance the strategic oversight of compliance processes, making them more efficient and effective. There are also significant collaboration opportunities between regulators, industry stakeholders, and technology providers. Such collaborations can drive innovation in regulatory compliance, helping to develop solutions that are not only effective but also adaptable to the changing regulatory landscape. These future directions underscore the ongoing evolution of regulatory change management and the central role that automation will continue to play in shaping its development. A Call to Action The need for automation in regulatory change management within financial services compliance has never been more apparent. With the regulatory landscape becoming increasingly complex, automation stands out as a strategic imperative for financial institutions. It promises not only to increase efficiencies and reduce the compliance burden but also to significantly enhance the overall regulatory compliance posture of organizations. The transformative potential of automation underscores a critical call to action for financial institutions: to embrace and invest in automated solutions as a cornerstone of their compliance and risk management strategies. By doing so, they can navigate the complexities of the regulatory environment more effectively and secure a competitive edge in the financial services sector. Archer Compliance AI has developed a platform that addresses the critical needs of enterprise regulatory change management. Designed to mitigate risk, reduce costs, and increase confidence in compliance status for the entire enterprise in the banking, financial services, and insurance industry, customers use Archer Compliance AI to automatically monitor regulatory updates, identify obligations, and ensure required changes are completed. Contact us  to learn more and see how automation can effectively streamline your processes.

In today's complex cyber threat landscape, organizations face an ongoing challenge to have robust security measures to detect and respond to threats effectively. It has become critical to have visibility into your organization's security landscape to protect your network assets from cybersecurity threats. The ability to create a detailed inventory of network assets to address the cyber threat challenge not only allows your security teams to prioritize remediation efforts effectively but also empowers them to take control of the situation. A significant cybersecurity challenge is the lack of visibility into network assets. Organizations need help maintaining an accurate inventory of all devices, systems, and applications connected to their networks. This is a serious challenge because any unknown assets can become cyberattack entry points. Organizations must understand everything that needs to be secured. Organizations' ability to obtain a comprehensive inventory of all network assets, including endpoints, servers, IoT devices, and applications, will provide a more robust view of their landscape. This complete asset inventory, as the foundation of their cybersecurity strategy, will ensure that no device or system goes unnoticed and reduce the risk of vulnerabilities being exploited due to oversight. Identifying and understanding vulnerabilities within network assets is another critical challenge. Vulnerabilities can vary widely in severity and impact, making knowing which vulnerabilities to address first is challenging. However, getting detailed insights into potential security flaws and assessing their severity can enable you to understand how they can be exploited. This information equips your security teams to understand the scope and nature of the cyber threats facing your organization, making decision-makers feel informed and responsible. Organizations must have a prioritization strategy for risk remediation to ensure that critical assets are not exposed. To ensure important issues are addressed first security teams should prioritize remediation efforts based on the criticality of each asset. Organizations can mitigate the most pressing risks first by focusing on fixing vulnerabilities that pose the highest risk to the most critical systems and data. Continuous monitoring is not just a necessity but a proactive measure in the ever-evolving cyber threat landscape. Scanning your network helps ensure that any new vulnerabilities are identified and that remediation efforts are tracked and adjusted. This allows you to maintain a robust security posture. Archer can help you reduce your cyber risk by identifying and addressing vulnerabilities and prioritizing risk remediation efforts. Archer's recently released integration with Rapid7 InsightVM   enables organizations to catalog network devices and assess vulnerabilities.   Contact us  for more information or to speak to an Archer expert.

We're thrilled to announce the launch of Archer Carbon Management  powered by Compare Your Footprint (CYF) on May 20, 2024. This innovative software solution enables organizations to streamline their emissions and sustainability reporting, making it easier than ever to measure your environmental impact and achieve your sustainability goals. Archer Carbon Management's innovative offering arrives at a critical time. With consumers becoming increasingly eco-conscious and regulations such as the European Union Corporate Sustainability Reporting Directive (CSRD), California's Climate Corporate Data Accountability Act, and the recent SEC Climate Disclosure rule all requiring emissions reporting, the pressure on organizations to act is greater than ever. The Growing Need for Carbon Emission Reporting One of the biggest challenges organizations face today is the accurate calculation of their carbon emissions. This process involves juggling disparate data sources, from energy bills to travel logs and waste management records, a task that is not only cumbersome but fraught with potential for errors and inconsistencies. Archer Carbon Management eliminates these obstacles by providing automated emissions calculation and reporting for scope 1, 2, and 3 emissions, ensuring alignment with the Greenhouse Gas (GHG) Protocol. This enables organizations to easily identify their "carbon hotspots," making it easier to target and strategize emission reduction efforts effectively. Archer Carbon Management: Cut through the Complexity of Emissions Reporting Archer Carbon Management cuts through this complexity. This powerful, user-friendly platform is designed to be your comprehensive emissions-reporting solution. Archer Carbon Management equips you with actionable insights and comprehensive reporting capabilities. Through intuitive dashboards and robust analytics, organizations can achieve a deeper understanding of their environmental impact. This holistic view aids in effective decision-making and risk management and sets the stage for achieving Science-Based Targets (SBT) and advancing towards Net Zero goals. Features at a Glance Streamline input data collection across from internal and external sources Measure scope 1, 2, & 3 carbon emissions based on the GHG Protocol Track emission progress, trends, and hotspots with ease Leverage over 10,000 global carbon factors for accurate calculations Use carbon emissions data for regulatory reporting   Benefits for Your Organization Ensure compliance with evolving regulatory reporting requirements Boost your organization's resilience and su stainability by effectively managing your carbon footprint Say goodbye to manual emissions calculations and data entry, empowering your sustainability team to concentrate on strategic goals and targets Ready to unlock the power of Archer Carbon Management? To learn more about Archer Carbon Management, please join us on Friday, May 31, 2024, for a free webinar and demonstration of this new offering.

Navigating the intricate web of regulations and risks in today's business environment is challenging. With constantly evolving laws, information scattered across departments, and the daunting task of distilling actionable insights from large amounts of data, effective risk management can feel like an impossible task. Making mistakes can be costly in both time and money, resulting in fines, penalties, and tarnished reputations. Adopting a simpler and more efficient approach to risk management can help you navigate today's complex web of regulatory changes and scattered information, avoid expensive fines, and reduce risks. Unified View for Informed Decisions: Embracing an end-to-end assurance program enables you to gain invaluable insights into your organization's myriad risks. From operational vulnerabilities to compliance gaps, a unified view empowers decision-makers with the clarity and foresight necessary to manage and mitigate risk. Efficiency Through Automation: The relentless onslaught of new regulations poses a formidable challenge to stay abreast of ever-shifting legal frameworks. By using AI-driven automation, you can go beyond the limitations of manual monitoring. Automatically tracking and analyzing regulatory changes saves time and resources and mitigates the risk of overlooking regulatory updates and changes that could expose the organization to compliance breaches and penalties. This advanced technology ensures a high level of accuracy, making you feel more secure in your risk management processes. Quantitative Risk Assessment: Not all risks are created equally; prioritizing them is critical to effective risk management. Understanding the priority of risks is critical for effective risk management. Identifying and prioritizing the most significant risks is vital to allocating resources effectively and safeguarding against potential pitfalls. Through quantitative enterprise risk management, organizations can quantify the impact and likelihood of various risks, enabling a targeted approach to risk mitigation. Businesses can optimize their risk management by focusing on the most consequential and costly risks. An end-to-end assurance program, automated regulatory change management, and quantitative enterprise risk management can create value for your risk management efforts. To learn more, register today for our May 14 webinar, hosted by OCEG, “ Mastering Risk & Regulatory Change with AI Automation and Risk Quantification ,” on May 14 at 11:00 AM ET, to: Learn how a unified view of your company allows you to effectively understand the risks your company faces. Discover how automatically monitoring new and upcoming regulations can save you time and money. Learn how quantitative assessments can enable you to focus on the most important and expensive risks.

Navigating the increasingly complex web of risks today -- from business disruptions and economic uncertainties to cyber threats and physical incidents -- requires a sophisticated approach to risk management. Managing the extensive details of risks, controls, incidents, and claims has also become increasingly challenging.  Multiple teams, separate systems, and data silos make it difficult to gain a comprehensive view of the risks at hand. It's akin to solving a puzzle with missing pieces, made even more challenging with the growing amount of data from various sources. So, how do you coordinate all of the details to minimize losses while also trying to improve your processes and controls? Enter Archer RMIS AI, the only solution that combines RMIS, artificial intelligence (AI) and governance, risk, and compliance (GRC) capabilities to help you build a more coordinated risk management process. Archer RMIS AI provides workflows and predictive analytics that help you implement smarter processes and controls. It positions you to build a comprehensive view of your organization’s risk landscape so you can act effectively and make more strategic decisions. Need a quick summary of everything that’s happened since you last reviewed the data?  Need to analyze trends in incidents, loss events, and claims? Concerned about that one claim that could impact your entire company? Archer RMIS AI is the answer. It's time to embrace the evolution of risk management with Archer RMIS AI to navigate the challenges of today's world with confidence and resilience. To learn more, register today for our April 23 webinar, hosted by RIMS, the Risk Management Society, “ Advancing RMIS: Strategies for Modern Risk Management , ” on Tuesday, April 23, 2024, at 11:00 am ET. Attendees will learn about: The critical need to transition from traditional RMIS solutions to advanced systems capable of navigating the complexities of today's risk landscape. The strategic benefits of aligning RMIS with GRC strategies to drive new insights and operational efficiencies. The enhanced decision-making and operational risk management made possible with the integration of incident and loss data with RMIS technologies.   Be sure to use promo code “RIMSARCHER50” to waive the $50 fee.

In an era of heightened concerns over climate change, environmental, social, and governance (ESG) considerations are taking on greater importance for the world's leading financial institutions. For global banks, ESG objectives are more than just a compliance requirement; they are a critical priority that calls for innovative technological solutions.   With the increasing focus on environmental responsibility, bank CIOs play a crucial role in driving sustainability initiatives within their organizations. A recent Gartner report stated that "by 2027, 25% of all CIOs across industries will have their compensation tied to their sustainable technology impact."  This pivotal role involves not only ensuring the company's technology infrastructure minimizes emissions but also bolsters the business's resilience against climate-related disruptions. One of the critical responsibilities of bank CIOs in driving sustainability initiatives is leveraging data analytics for measurement and reporting. By analyzing data related to energy use, emissions, and other environmental impacts, CIOs can identify areas for improvement and track progress toward sustainability goals. This data-driven approach not only helps banks stay accountable but also allows them to make informed decisions that benefit both the environment and their bottom line. In addition to data analytics, bank CIOs lead the efforts to adopt sustainable technology within their organizations. This includes leveraging AI and cloud computing services to reduce energy consumption and carbon emissions associated with traditional on-premises infrastructure. AI will significantly impact the banks' ability to minimize their environmental impact, and the CIO will be at the forefront of these efforts. The pressure will be on the CIO to choose the right ESG technologies and platforms to help the business achieve these goals. The right ESG platform can significantly elevate a company's sustainability program, streamlining data collection and analysis automation, enhancing scalability, flexibility, and integration with existing enterprise risk systems, and leveraging AI for compliance and analytics. Archer ESG Management solution can help CIOs meet these challenges, providing the tools needed to deliver on sustainability commitments, carbon emission reporting, double materiality assessments, and adherence to leading ESG frameworks like TCFD, SASB, and GRI.   As the world faces increasing climate-related challenges, banks must prioritize ESG objectives and work towards a more sustainable future. With CIOs leading the way, financial institutions can position themselves as leaders in environmental stewardship while also meeting the demands of socially responsible consumers and investors. Interested in learning more? Read the Gartner report, “ Environmental Sustainability: Top ESG Trend for Bank CIOs in 2024 ,” compliments of Archer and only available for a limited time.   We also encourage you to speak with one of our experts  to explore how Archer can support you in initiating or advancing your sustainability and risk management programs.   Gartner, Environmental Sustainability: Top ESG Trend for Bank CIOs in 2024, Derek Frost, 14 December 2023.   GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.   Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

In today’s constantly changing regulatory landscape, it is challenging for organizations to have an efficient regulatory change management program. Organizations are overwhelmed with an increasing volume of regulatory information about new laws and regulations, along with changes to existing laws and regulations that they need to keep up with. Managing regulatory changes manually across your enterprise can take hundreds of hours of reading, assessing, and defining implications and requirements for your organization. The lack of automation for regulatory change management makes it difficult to ensure you are appropriately managing legal, risk, and compliance activities. Leveraging an automated approach for your regulatory change management processes enables organizations to increase accuracy, improve productivity, and reduce the chance that compliance gaps will be missed. Archer Compliance AI is a regulatory change management solution that applies purpose-built machine learning models to automatically monitor the regulatory environment for relevant changes and map them to your internal policies, procedures, and controls. Our solution provides: Automatic task delegation and prioritization Automatic obligation extraction Real-time dashboards that automatically collect and analyze new regulatory content Visit https://www.archerirm.com/compliance-ai to learn more.

The environmental, social and governance (ESG) world is entering a new era characterized by regulatory compliance, with multiple jurisdictions either adopting or finalizing sustainability reporting regulations. This shift brings both benefits and challenges. On one hand, companies gain standardized rules for aligning their reporting activities. On the other hand, they face the task of setting up efficient and cost friendly ESG reporting programs. The issue lies in leveraging technology to automate reporting compliance processes while ensuring scalability. At Archer, we recognize this challenge. To address it, we have developed ESG Management solution to help companies collect, manage, and report data for regulatory ESG frameworks. Our latest ESG release introduces core capabilities designed to facilitate compliance with regulatory standards, such as CSRD ESRS and IFRS Sustainability Standards. EU CSRD The European Commission (EU)'s adoption of the Delegated Act on European Sustainability Reporting Standards (ESRS) on 31 July 2023 marks a significant milestone. ESRS, mandated by the Corporate Sustainability Reporting Directive (CSRD), applies to over 50,000 organizations globally, on a various scale, from 1 January 2024. Archer's phased release of the ESRS reporting framework aims to support companies in meeting the requirements of this regulation. As part of this journey, companies must conduct a double materiality assessment to identify important disclosure topics from both impact and financial materiality perspectives. Archer's Double Materiality Calculator (DMC), released in September 2023, empowers companies to kickstart their sustainability efforts by identifying most material topics. In our latest ESRS release, we are excited to introduce enhanced capabilities aligned with companies' reporting requirements. These capabilities include the reporting framework for ESRS 1, ESRS 2, Environment (E)1, and Social (S)1, translating complex regulatory requirements into a structured, automated workflow for efficient reporting. Furthermore, Archer's ESG solution enables the collection of diverse set of information, including metrics and disclosures according to ESRS guidelines. Integrating with Archer's existing risk and issue management modules, companies can identify and act upon impacts, risks, and opportunities (IRO) effectively and all from one place. Moreover, companies can in real time track their progress in completing ESRS as they advance through different stages of reporting. In the next upcoming phases, we’ll be releasing the remaining topical ESRS standards across E, S and G.   IFRS Sustainability Standards The International Sustainability Standards Board (ISSB) of the International Financial Reporting Standards (IFRS) Foundation introduced two key sustainability standards, namely IFRS S1 and IFRS S2, in June 2023. IFRS S1 focuses on disclosure requirements that enable companies to effectively communicate sustainability-related risks and opportunities to investors. On the other hand, IFRS S2 outlines specific climate-related disclosures, intended to complement, and be used alongside IFRS S1. While IFRS Sustainability Standards do not constitute a regulatory framework in themselves, their widespread recognition has prompted several countries to express interest in integrating these standards into their national sustainability reporting frameworks. Among these countries are the U.K., Brazil, Canada, Singapore, South Africa, and more, reflecting a global movement towards adopting comprehensive sustainability reporting practices. With the latest capabilities introduced in our ESG Management solution, companies can effectively report based on IFRS S1 and S2. Our dedicated reporting framework enables companies to streamline their IFRS S1 and S2 reporting, enhancing data collection, structuring, analysis, and risk management capabilities. Take Actions Accelerate your ESG regulatory reporting journey with Archer for improved efficiency, seamless integration, and a comprehensive approach. Register to join us on April 19, 2024 for the Free Friday Tech Huddle (FFTH) dedicated to the latest ESG solution release. To learn more and see the latest functionality in action, contact your dedicated sales representative today to discover how Archer can help you to comply with sustainability regulations.

On March 6, 2024, the SEC finalized its much-anticipated climate disclosure rule for public companies.   The final ruling introduces new mandatory reporting requirements and presents a significant shift for public companies, impacting the entire C-Suite (CFOs, CIOs, CSOs, CCO). Here's a breakdown of the key things executives need to know to prepare for these new mandatory disclosures. What the New Rule Requires: Material Climate-Related Risks. Companies must identify and disclose the present and predicted impact of climate change on their business. This includes physical risks (extreme weather, rising sea levels) and transition risks (regulatory changes, carbon pricing). Risk Mitigation Strategies. Outline the actions your company is taking to mitigate or adapt to climate-related risks. This could involve investments in clean energy, supply chain resilience strategies, or climate-resilient infrastructure. Board Oversight and Management Role. Demonstrate how the board oversees climate-related risks and how management integrates these considerations into strategic decision-making. Climate-Related Targets and Goals (if material). If your company has set climate targets (e.g., net-zero emissions by 2050), you'll need to disclose those, as well as any progress made towards achieving them. Financial Statement Impacts. Companies will need to disclose the financial implications of climate change, including capitalized costs associated with severe weather events and potential write-downs of assets affected by climate risks. Action Steps for Your C-Suite: Cross-functional Collaboration. Effective ESG reporting requires collaboration between finance, IT, sustainability, and legal teams. Establish a clear ESG task force with representatives from each department. Data Gathering and Management. Climate disclosures hinge on robust data. Assess your current data collection and aggregation practices. Identify any gaps in your information and manual processes that could hinder the efficient collection of data related to climate risks and opportunities. Standardization and Consistency. Ensure consistent application of ESG metrics across the organization. For metrics and guidance, consider leveraging frameworks like the Sustainability Accounting Standards Board (SASB) or the Task Force on Climate-Related Financial Disclosures (TCFD). Technology Integration. ESG software solutions can significantly improve data collection, reporting, and scenario modeling. Evaluate and implement software that simplifies compliance and streamlines ESG integration into existing workflows and your enterprise risk management platforms. Internal Communication and Training: Educate your team on the new SEC rules and their impact on different departments. Foster a culture of transparency and accountability around ESG practices. How Archer ESG Solutions Can Help: Automated Data Collection. Archer ESG Management can quickly and efficiently gather, aggregate, and analyze ESG data internally and across your supply chain, empowering decision-makers with actionable, accurate, and timely data. Streamlined Reporting. Generate standardized ESG reports that comply with the SEC's new regulations and streamline disclosure processes.  Archer ESG Disclosure Management is a comprehensive solution that addresses the growing demand for transparency in ESG reporting and allows for systematic and efficient capture of climate-related disclosures. Materiality Assessment.  Archer Double Materiality Calculator helps you quickly and easily assess, calculate, and report on double materiality impacts. Pre-configured assessments based on the E.U. ESRS framework allow for the evaluation of impact and financial materiality assessment. Integrate to the ERM Suite.  The Archer platform allows you to connect to governance, risk, and compliance use cases for a holistic and programmatic approach.  This connectivity provides an integrated view that ensures that ESG is not treated in isolation but rather as an integral part of a broader corporate ERM strategy. The Road to Sustainability The SEC's new climate disclosure rules mark a significant step towards greater transparency in corporate sustainability practices. By taking a proactive approach, prioritizing collaboration, and leveraging technology solutions, your organization can comply with regulations and demonstrate leadership in the evolving ESG landscape. Archer’s ESG solution enables organizations to collect and centralize ESG data into a single platform, evaluate the impact of risks and the opportunities on business strategy, understand 3rd party ESG risks, set ESG goals, and produce auditable reporting all from one integrated platform. If you would like to learn more about how Archer ESG Management Solutions can help your organization address the SEC’s latest rule on climate-related disclosures, download the whitepaper, ESG Reporting: From Data to Action.   For more information or if you would like to speak to an Archer ESG expert, you can contact us here.

On March 4, AWS announced plans for a new infrastructure region within the Kingdom of Saudi Arabia in 2026, supporting Saudi Arabia's ambitious Vision 2030 goals, accelerating digital transformation, and promoting a secure and technologically advanced business environment. This strategic move signifies AWS’s commitment to the Middle East and also heralds a new era of integrated risk management for the region with Archer SaaS.   Archer intends to leverage AWS infrastructure in the region as soon as it becomes available, to enable delivery of unparalleled service performance and reliability for Archer SaaS. We understand the critical importance of data residency and security for businesses operating within Saudi Arabia. The planned AWS region in the Kingdom provides an opportunity to revolutionize how organizations operating in Saudi Arabia manage risk, assurance, and resiliency using Archer SaaS.   Archer's integrated risk management platform, powered by AWS, is far more than a mere tool – it's a comprehensive solution crafted to streamline compliance, enrich decision-making, and cultivate a culture of resilience and innovation. By leveraging advanced quantification and AI capabilities, Archer ensures assurance and fortifies enterprise resilience. Our holistic approach assures that organizations meet regulatory compliance and effectively mitigate risks. Archer SaaS paves the way for a more disruption-resistant digital transformation, enhancing resilience across technology, operations, and the extended enterprise.   As part of our continued support and investment in the region, the combination of AWS’s robust infrastructure and Archer's innovative risk management platform will ensure that Saudi businesses remain at the forefront of risk management best practices. Archer is ready to help redefine the landscape of risk management for businesses operating in the Kingdom. We aim to be a key player in enabling organizations to turn risk and compliance into a strategic advantage.   Interested in learning how Archer SaaS can elevate your organization’s risk and compliance management program? Contact us today.

“By 2027, 45% of chief information security officers (CISOs) will expand their remit beyond cybersecurity, due to increasing regulatory pressure and attack surface expansion” per Gartner®. We believe this isn't just an expansion of responsibility; it's a strategic shift towards unified security management, recognizing the interconnectedness of threats and vulnerabilities. But what are the actual benefits for CISOs and their businesses? Let's explore three key advantages:   1. Holistic Risk Mitigation:  Imagine a security siloed in a bunker, unaware of the cracks in the foundation. Traditional, cyber-focused approaches often miss broader vulnerabilities arising from physical security gaps, business continuity vulnerabilities, and even employee error. Unifying IT, physical, and operational security under one umbrella allows CISOs to identify and address holistic risks, preventing cascading failures and minimizing their impact on the business.   Impact:  This proactive approach can significantly reduce overall risk exposure, preventing costly breaches, production downtime, and reputational damage. Businesses benefit from increased resilience, a more agile security posture, and the ability to proactively manage potential crisis scenarios.   2. Streamlined Operations and Reduced Costs: Duplication of effort is a resource drain. Managing separate security tools and processes for each domain is inefficient and expensive. By consolidating under a unified platform, CISOs can streamline operations, optimize resource allocation, and eliminate redundant tasks.   Impact:  This reduces overall security management costs, frees up valuable resources for innovative initiatives, and improves operational efficiency. Teams can collaborate more effectively, share intelligence across domains, and respond to threats faster, boosting overall productivity and security effectiveness.   3. Enhanced Decision-Making and Strategic Alignment: Siloed data leads to siloed insights. Without a holistic view of threats and vulnerabilities across the organization, CISOs struggle to make informed decisions and secure buy-in from key stakeholders. A unified platform provides a single source of truth, enabling data-driven decision-making and strategic alignment with business objectives.   Impact : CISOs gain a deeper view of security risks and can prioritize investments based on business impact. This fosters trust and collaboration with leadership, aligning security initiatives with business goals and creating a culture of proactive risk management across the organization.   According to us, Gartner prediction isn't just a trend; it's a glimpse into the future of effective security management. By embracing a unified approach, CISOs can move beyond firefighting, mitigate holistic risks, streamline operations, and elevate their strategic impact. Businesses reap the rewards of increased resilience, reduced costs, and a more robust security posture, ultimately navigating the ever-evolving threat landscape with confidence.   For a very limited time, we’re offering Archer customers and future Archer customers a complimentary copy of the report “ Gartner’s Top Strategic Predictions for 2024 and Beyond — Living With the Year Everything Changed. ”   This Gartner report offers predictions for trends, challenges, and strategies that will impact risk management in 2024 and beyond. The report covers Gartner insights on the evolving risk management landscape, advancements in technology, regulatory changes, and their consequential impact on business practices. It also provides actionable insights and proven strategies for effective decision-making and risk mitigation in the coming year.   Don't miss the opportunity to leverage Gartner expertise to stay ahead of the curve in 2024 and beyond. Read the report now!     Gartner, [AC1]   Gartner’s Top Strategic Predictions for 2024 and Beyond — Living With the Year Everything Changed, Daryl Plummer, Frances Karamouzis, and 36 more   GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.