Integrating ESG Into a TPRM Program: Mitigating Operational Risk | UpGuard

This document explains the ESG framework (environment, social, governance) and how to integrate it into Third-Party Risk Management through an eight-step process—covering pre-assessment, identification of relevant factors, integration into risk assessments, enhanced due diligence and onboarding (including ESG questionnaires), contractual KPIs, data tracking, continuous improvement, and ongoing monitoring—while outlining key challenges and benefits, and highlighting how UpGuard’s Vendor Risk Management tools support ESG-focused TPRM.