Enhancing risk management practices: A how-to guide for social purpose companies

This short how-to guide from the Canadian Purpose Economy Project can help you identify and manage risks that might undermine or stem from your social purpose. This differs from ESG risk management, which is focused on impacts to finance and operations. The guide outlines five steps to enhancing purpose risk management and provides a template for assessing risks to achieving your organisation's social purpose. This template features twenty potential risks to consider and basic instructions on how to rate them. It also includes mitigation strategies corresponding to each risk factor. This guide is written for risk managers, chief risk officers, and others responsible for Enterprise Risk Management (ERM), especially in organisations dedicated to social purpose.