LOADING

Type to search

Fortress Information Security and Top U.S. Utilities Team Up to Address Critical ESG Supply Chain Risks

Fortress Information Security and Top U.S. Utilities Team Up to Address Critical ESG Supply Chain Risks

Industry-Wide Initiative Comes Amid Increased Investor ESG Activism and Upcoming ESG Requirements from the Securities and Exchange Commission (SEC)

Utility owners must have a holistic view of cyber and non-cyber risk of third parties to protect and foster the resiliency of U.S. critical infrastructure assets. Fortress Information Security (Fortress) has worked side by side with utilities to help identify and manage cyber risk for the past five years, leading industry-wide efforts and collaboratives such as the Asset to Vendor Network (A2V) and the North American Energy Software Assurance Database (NAESAD).

See related article: Artisan Global Receives Fashion Impact Fund Grant to Support Women in Uganda Join Fashion and Design Workforce Development Program

Today, Fortress, the leader in supply chain cybersecurity risk management for the energy and defense sectors, launched a new offering within NAESAD to help utilities tackle new regulatory and supply chain risks related to environmental, social, and governance (ESG) issues.

As investor demand for climate and other ESG information soars, the U.S. Securities and Exchange Commission (SEC) is expected to release new guidance and requirements for public companies, including utilities, this year. In collaboration with its utility partners and field experts, Fortress developed a standardized ESG questionnaire for the utility sector. The NAESAD collects and stores questionnaire responses while offering risk resolution solutions.

“NAESAD is truly an initiative driven by our industry partners to tackle a shared challenge,” said Betsy Soehren-Jones, Chief Operating Officer for Fortress. “The same strategies utilities have used to tackle cyber risk are now being used to manage new, non-cyber supply chain risks across all vendors.”

ESG is quickly becoming a critical risk vector that must be quantified and managed. ESG data allows stakeholders to assess key components of corporate responsibility. It is a check and balance that empowers investors to measure whether companies are fulfilling their commitments in environmental, social, and governance issues relevant to their supply chains. With new directives from the SEC and other regulatory bodies, ESG reporting may soon be mandatory.

Utilities are gathering to discuss ESG and other third-party risk benchmarking topics on May 22nd and May 23rd.

Source: PRNewswire

Topics

Related Articles

LOADING

Type to search

Blog

Image of official Toronto Climate Week logo nad icon in reverse white text over blue background
PwC Survey Finds Rising Pressure and Value in Corporate Sustainability Reporting
IBM Launches API to Embed Emissions Data into Corporate and Vendor Tools
Founder Group to Build $2.76B Solar and Storage Complex in Sarawak
Germany Delivers Nearly $14 Billion in Climate Finance for 2024
Standard Chartered Backs L&T with $700M Sustainability-Linked Trade Financing
MAS Appoints Abigail Ng as New Chief Sustainability Officer
ESG News WEEK IN REVIeW 21 Sept - 28 sept
OXCCU Secures $28 Million to Scale Carbon-to-Fuel Technology for Aviation
Dutch Startup Brineworks Secures $7.3M to Scale Direct Air Capture for e-Fuels
Becky Park-Romanovsky on Building Toronto Climate Week and Canada’s Climate Future
DHL, Hapag-Lloyd Expand Use of Sustainable Marine Fuels to Cut Supply Chain Emissions
EU Pushes Back Supply Chain Deforestation Rules by One Year
California Names 4,000+ Companies Facing Mandatory Climate Disclosures
Levi Strauss and Schneider Electric launch supply chain renewable energy accelerator in India
EFRAG Maps Digital Tools to Advance SME Sustainability Reporting
Watershed Launches AI-Driven Product Footprints to Tackle Scope 3 Supply Chain Emissions
PRI Awards 2025 Spotlight Responsible Investment Leaders
Frontier Launches Rail-Based Carbon Management Platform for Ethanol Sector
UK Signs Contracts for First Commercial Carbon Capture Projects
","session_id":"ep-sess-1760323179-iLzMsaSE","page_url":"https:\/\/esgnews.com\/fortress-information-security-and-top-u-s-utilities-team-up-to-address-critical-esg-supply-chain-risks\/","post_id":"20396","tracking_enabled":"1","original_referrer":"","has_embedded_content":""}; /* ]]> */