Unmasking ESG Greenwashing in Data Protection
Strategic: Unmasking ESG Greenwashing in Data Protection
Embedding a privacy culture across global organisations entails strategic approaches including leadership endorsement, tailored privacy training, and integrating privacy into business processes. Key strategies also involve regular communication, incentivising privacy-positive behaviour, and establishing clear accountability structures. Potential risks include inconsistency in privacy practices across different regions, underestimating local regulatory requirements, and the challenge of maintaining engagement and understanding across diverse global teams. ESG in privacy is a relatively new domain in the world of the CPO, but its increasingly becoming prevalent in today’s climate change conscious society. Such initiatives are typically led by Board rooms and active investors who are demanding greater transparency from on their investment portfolio on ESG scoring. So, time to brush up on your knowledge. Read this excellent whitepaper written by a bunch of privacy and ESG experts at PICCASO.
Tactical: Assessing the Genuine Impact of ESG on Privacy Practices
For those just starting on the ESG privacy journey, the concept of data minimisation is key. Simply put, only retain the data you genuinely need for your stated purpose and not a byte more. It's not only a matter of respecting personal privacy, but also about dodging potential headaches with data management, data transfer rules, data localisation laws and of course – increasingly successful cyber security exploits. So less is more, and despite the continued drop in the cost of cloud storage, the ESG principles need to be mapped and applied to your organisation and privacy controls.
Insight
"GRC is how ESG gets done! A healthy relationship between ESG and GRC would be an effective understanding of how to optimise the tools we have in our midst (GRC) to catalyse greater action on ESG, deliver on stakeholder expectations, mitigate and adapt to risks to ESG and enhance systems resilience."
Corina Shika Kwami Phd MPH, Senior Director of Strategy & Head of Office EMEA at Purpose - Read the article here.