Materiality

AM Best Affirms Credit Ratings of BF&M Limited and Its Subsidiaries

Retrieved on: 
Friday, October 13, 2023
Insurance, Professional Services, Pressure, Partnership, Health, COVID-19, AM Best, Bermuda Hospitals Board, Acquisition, Cyclone, BF, Credit, Risk management, Government, Materiality, Risk, AM, Good, Ministry, Growth, Policy, History, Philosophy, Exercise, Aboriginal and Torres Strait Islander Heritage Protection Act 1984, Overalls, News, ALL, Local government, GAAP, Reinsurance

AM Best also has affirmed the Long-Term ICR of “bbb” (Good) of the parent company, BF&M Limited (BF&M).

Key Points: 
  • AM Best also has affirmed the Long-Term ICR of “bbb” (Good) of the parent company, BF&M Limited (BF&M).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Industry Benchmark Report, Issued by the FAIR Institute, Unveils the Dollar Impact of Cyber Incidents

Retrieved on: 
Monday, October 16, 2023
Likelihood function, Probability, CRQ, FAIR, Health care, EY, Public administration, Materiality, Risk management, Disclosure, Organization, Risk, Report, DC, FAIR (Mormon apologetics organization), Computer security, Education, CFOS, Factor analysis of information risk, Financial impact of the Boeing 737 MAX groundings, Social, Conference, Ciso, Security (finance), Top, Research

WASHINGTON, Oct. 16, 2023 /PRNewswire/ -- Ahead of FAIRCON this week, The FAIR Institute, the leader in education for cyber risk quantification (CRQ) based on FAIR™ (Factor Analysis of Information Risk), today released its 2024 Cybersecurity Risk Report. This document provides CISOs, CFOs and other business decision-makers the clearest visibility into the financial impact of cyber risks, based on quantitative analysis of actual cyber incidents through 2023.

Key Points: 
  • The 2024 Cybersecurity Risk Report Provides CISOs Insights into the Likelihood and Financial Impact of Top Cyber Risks.
  • This document provides CISOs, CFOs and other business decision-makers the clearest visibility into the financial impact of cyber risks, based on quantitative analysis of actual cyber incidents through 2023.
  • This Report is sponsored by EY and Safe Security which provided research on cybersecurity program development and data-science support.
  • The FAIR Institute released the report at the FAIR Conference, FAIRCON, held in Washington, DC, the premier annual event in risk management.

2023 FAIR Conference to Explore Managing New SEC Cyber Rules and AI Risks to Maximize Strategic Business Initiatives

Retrieved on: 
Tuesday, October 10, 2023
Crypto, Cloud, Capital One, FAIR, Cigna, EY, Division, GSK, IBM, The Open Group, Research, Risk management, Materiality, AI, Organization, Risk, Technical advisor, FAIR (Mormon apologetics organization), Future, Fairmont Hotels and Resorts, MITRE, CISA, Ransomware, Netflix, Fairmont Hotel, Federal, Conference, SAFE, Artificial Intelligence Act, Medical device, Expedia, Computer security, Protiviti

RESTON, Va., Oct. 10, 2023 /PRNewswire/ -- As the financial stakes in cybersecurity grow higher, The FAIR Institute, a non-profit professional organization dedicated to advancing the discipline of measuring and managing cybersecurity and operational risk, is inviting the cyber risk community to attend 2023 FAIR Conference (FAIRCON23).

Key Points: 
  • FAIRCON23 is the definitive conference for AI & Cyber Risk.
  • For those looking for a deeper dive in AI Risk, getting started on FAIR Fundamentals and seeking training credits, the institute is offering FAIR courses on October 15 - 16, before the conference.
  • "The FAIR Conference has emerged as a future-shaping event over the years when it comes to advancing the cyber risk management profession.
  • Sponsors include Technical Advisor: Safe Security (SAFE); Institute Sponsors: IBM, Protiviti, RiskRecon, Ostrich Cyber-Risk; and Conference Sponsors: Black Kite, LogicGate, The Open Group, and Intuitive Cloud.

New Fortune 1000 Report from Kovrr Finds Key Cyber Risk Benchmarks Support Companies in Determining Material Risk, Propels Boardrooms Into Action

Retrieved on: 
Thursday, October 5, 2023
Probability, CRQ, AAL, Denial-of-service attack, TEL, Materiality, Disclosure, Retail, Organization, Risk, Real estate, Insurance, Public utility, Service, Down, Construction, Face, Ciso, Risk management, Arms industry, Cryptocurrency, Finance, Mining

TEL AVIV, Israel, Oct. 5, 2023 /PRNewswire-PRWeb/ -- Kovrr, the leading global provider of cyber risk quantification (CRQ) solutions, announces the release of its new Fortune 1000 Cyber Risk Report, shedding light on the complex and ever-evolving cyber risk landscape across various industry sectors and the respective financial repercussions companies may consequently face.

Key Points: 
  • Fortune 1000 Cyber Risk Report data reveals the likelihood and cost of cyber events throughout industries, preparing corporations for materiality determination.
  • While the Fortune 1000 Cyber Risk Report offers invaluable industry comparisons, it should be seen as a foundational resource.
  • Kovrr's Fortune 1000 Cyber Risk Report stands as a cornerstone for businesses seeking to navigate the complex cyber landscape.
  • For full access to Fortune 1000 Cyber Risk Report: Determining SEC Materiality With Marketplace Benchmarks, please visit https://www.kovrr.com/reports/fortune-1000-cyber-risk-report .

Regulatory Notification Obligations Solved with New RadarFirst Product

Retrieved on: 
Wednesday, October 4, 2023
HR, Organization, Disclosure, Communication, Lung compliance, Information, Materiality, Risk, Privacy, Risk management, Audit

PORTLAND, Ore., Oct. 4, 2023 /PRNewswire/ -- RadarFirst, a leader in privacy incident management, proudly introduces Radar® Compliance, the groundbreaking solution designed to revolutionize compliance, cyber, risk, and third-party notification obligations.

Key Points: 
  • Radar® Compliance operationalizes compliance, cyber, and risk notification obligations for defensible, consistent, and collaborative incident management.
  • PORTLAND, Ore., Oct. 4, 2023 /PRNewswire/ -- RadarFirst, a leader in privacy incident management, proudly introduces Radar® Compliance , the groundbreaking solution designed to revolutionize compliance, cyber, risk, and third-party notification obligations.
  • RadarFirst has been mastering privacy incident management for two decades and Radar® Compliance is a natural product addition to the Radar® platform," said Don India, RadarFirst CEO.
  • The configurable solution arrives at a pivotal time for regulatory change and stakeholder communication obligations.

KPA Launches ESG and Sustainability Software Powered by Brightest

Retrieved on: 
Tuesday, October 3, 2023
Partnership, United Nations, Sustainable Development Goals, PDF, Risk management, GHG, Software, Materiality, KPA, Carbon, Organization, Sustainability, Collection, Map, ESG, Environment, Entrepreneurship, CO2, EHS, Renewable energy, Brightest Young Things, Social

WESTMINSTER, Colo. and NEW YORK, Oct. 3, 2023 /PRNewswire-PRWeb/ -- KPA, a leader in compliance and risk management solutions, has announced the launch of ESG and Sustainability for KPA EHS Software. Powered by Brightest, a sustainability, ESG, and impact management platform, the software is designed to help organizations collect critical data, accelerate their work, and create positive outcomes for their stakeholders and the planet.

Key Points: 
  • KPA, a leader in compliance and risk management solutions, has announced the launch of ESG and Sustainability for KPA EHS Software, powered by Brightest.
  • WESTMINSTER, Colo. and NEW YORK, Oct. 3, 2023 /PRNewswire-PRWeb/ -- KPA , a leader in compliance and risk management solutions, has announced the launch of ESG and Sustainability for KPA EHS Software .
  • The ESG and Sustainability software gives organizations a centralized system for supplier Environment, Social, and Governance (ESG) data gathering, assessment, risk management, governance, and reporting.
  • Through an exclusive partnership between KPA and Brightest, the software allows organizations to establish clear sustainability and ESG targets and track progress while also managing EHS data, workflows, and reporting.

Environmental Partner Rachel Saltzman Joins Hunton Andrews Kurth in Washington

Retrieved on: 
Tuesday, October 3, 2023
Yale University, Energy Resources Conservation Board, Navajo Nation, Chambers, Safety, Waste management, Policy, Volkswagen Group of America, Data collection, Private practice, Materiality, Lawyer, Hunters Point Naval Shipyard, Government, Navajo, EPA, Clean Air Act (United States), Climate change, Retirement, Publication, Sustainability, City, Chambers and Partners, ESG, Volkswagen Group, Resource Conservation and Recovery Act, Salzman, KPI-driven code analysis, Band I, Health, D.C

Washington, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Rachel Saltzman , an experienced environmental attorney who served as a top legal advisor for global automotive manufacturer Volkswagen Group of America (VWGoA) and as an enforcement attorney for the U.S. Environmental Protection Agency, has joined Hunton Andrews Kurth LLP’s nationally recognized environmental practice as a partner in Washington, D.C.

Key Points: 
  • Washington, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Rachel Saltzman , an experienced environmental attorney who served as a top legal advisor for global automotive manufacturer Volkswagen Group of America (VWGoA) and as an enforcement attorney for the U.S. Environmental Protection Agency, has joined Hunton Andrews Kurth LLP’s nationally recognized environmental practice as a partner in Washington, D.C.
    “Rachel brings to the firm an extensive and impressive background advising on a range of complex matters, including development of environmental, social and governance (ESG) programs, environmental enforcement defense, site cleanup and waste management and product compliance issues,” said Deidre Duncan , leader of Hunton Andrews Kurth’s environmental practice.
  • “We are thrilled to welcome her to the firm.”
    At VWGoA, Saltzman held the position of Senior Director of Environment, Health, Safety and Sustainability.
  • In that capacity, Saltzman led a cross-disciplinary team that was responsible for spearheading a new approach to sustainability management, while also overseeing the company’s ongoing environmental and occupational safety compliance efforts.
  • With lawyers in the United States, Asia, Europe and the Middle East, Hunton Andrews Kurth LLP serves clients across a broad range of complex transactional, litigation and regulatory matters.

AtkinsRéalis ESG Report: A Journey to Engineer a Better Future For Our Planet and its People

Retrieved on: 
Monday, September 25, 2023
Science, UK Atomic Energy Authority Constabulary, Science Based Targets initiative, Paris, AIP, Paris Agreement, United Nations, Champlain Hudson Power Express, Partnership, Small modular reactor, Cernavodă, Canadian Red Cross, Face, Engineering, Health, Ageing, STEP, GHG, ATRL, Woman, Unit, Materiality, Carbon, Indigenous peoples, Oregon Bridge Delivery Partners, Government, Spherical Tokamak for Energy Production, Sustainability, Integrity, Group Policy, Diversity, Unilateral Declaration of Egyptian Independence, FEMA, Inclusion, TSX, ESG, United, Engagement, BEIS, Spherical tokamak, National Aviation Intelligence Integration Office, Renewable energy, Safety, Ethisphere Institute

"Approximately half of our total revenues in 2022 were derived from projects contributing to a sustainable future and carbon free economy.

Key Points: 
  • "Approximately half of our total revenues in 2022 were derived from projects contributing to a sustainable future and carbon free economy.
  • In doing so, we are ultimately living up to our purpose: to engineer a better future for our planet and its people."
  • "The last year saw us take a number of measures to enhance accountability and introduce rigour to our ESG processes," said Hentie Dirker, Chief ESG and Integrity Officer, AtkinsRéalis.
  • Conducted a materiality assessment and realigned the Company's ESG priorities with its new purpose: "Engineering a better future for our planet and its people".

GE HealthCare Shares Key Focus Areas and Future Goals in its Inaugural Sustainability Report

Retrieved on: 
Wednesday, September 20, 2023
General Health, Professional Services, Pharmaceutical, Data Management, Sustainability, Technology, Hospitals, DEI (Diversity, Equity and Inclusion), Environment, Green Technology, Biotechnology, Health, Environmental, Social and Governance (ESG), GE HealthCare, Science, ESP, Sustainability reporting, General Data Protection Regulation, Risk management, GE, GHG, Conduct, Materiality, Privacy, Enterprise risk management, Targets, TCFD, Task force, Task Force on Climate Related Financial Disclosures, Patient, UN, Inclusion, ESG, International Financial Reporting Standards, 3D printing, Management, Renewable energy

The report incorporates findings from GE HealthCare’s existing ESG materiality assessment, which informed the Company’s ESG strategy, and outlines the Company’s long-term ESG objectives and progress against previous goals.

Key Points: 
  • The report incorporates findings from GE HealthCare’s existing ESG materiality assessment, which informed the Company’s ESG strategy, and outlines the Company’s long-term ESG objectives and progress against previous goals.
  • “With a solid foundation from our legacy as part of GE and our journey as a new independent company, we are redefining our focus on sustainability by building on our historical strengths and developing new capabilities for the future,” said GE HealthCare President and CEO Peter J. Arduini.
  • GE HealthCare appointed Kelvin Sanborn as the company’s ESG Program Lead who brings deep sustainability experience, having previously led GE HealthCare's Global Environment Team.
  • Additionally, GE HealthCare plans to expand the Reporting Standards used for disclosing its ESG information and is currently looking into how its goals align with the UN SDGs.

Freeport-McMoRan Publishes Updated Climate Report

Retrieved on: 
Thursday, September 14, 2023
Natural Resources, Environment, Environmental, Social and Governance (ESG), Environmental Issues, Climate Change, Environmental Health, Professional Services, Mining, Minerals, Science, Science Based Targets initiative, ISO, Disclosure, GHG, Materiality, Molybdenum, Carbon, Task Force on Climate Related Financial Disclosures, Task force, Gold, Copper, World Climate Report, Grasberg, NYSE, FCX, Renewable energy, Security (finance)

Freeport-McMoRan Inc. (NYSE: FCX) today announced the publication of its annual Climate Report outlining FCX’s ongoing progress to advance its climate strategy focused on reducing its greenhouse gas (GHG) emissions, enhancing its resilience to climate risks and contributing responsibly produced copper to the global economy.

Key Points: 
  • Freeport-McMoRan Inc. (NYSE: FCX) today announced the publication of its annual Climate Report outlining FCX’s ongoing progress to advance its climate strategy focused on reducing its greenhouse gas (GHG) emissions, enhancing its resilience to climate risks and contributing responsibly produced copper to the global economy.
  • FCX currently has four 2030 GHG emissions reduction targets that collectively cover nearly 100% of its Scope 1 and 2 GHG emissions.
  • FCX’s updated Climate Report reflects the company’s continued progress to align with the recommendations of the Task Force on Climate-related Financial Disclosures and includes third-party verified Scope 1, 2 and 3 GHG emissions data in accordance with ISO 14064 (Specifications 1 and 3).
  • FCX’s updated Climate Report is available on the company website at: https://www.fcx.com/sites/fcx/files/documents/sustainability/2022-Climat... .