As ESG expectations accelerate, financial services firms must move beyond basic compliance to turn ESG complexity into strategic advantage. From governance and risk mitigation to advanced data management and regulatory readiness, this article explores how organisations can meet rising stakeholder and legislative demands, while positioning for growth. With expert insights and practical steps, OCG helps firms lead the way in sustainable transformation.

Oceanic Consulting Group (OCG) highlights the Australian Securities and Investments Commission's (ASIC) intensified focus on operational resilience within financial institutions. The piece identifies common shortcomings, such as the improper exclusion of critical services, overreliance on contingency plans, and inadequate documentation and oversight. OCG emphasises the necessity for firms to reassess and enhance their resilience strategies to align with ASIC's expectations, ensuring robust risk management and compliance frameworks are in place.

APRA's Prudential Standard CPS 230, effective from 1 July 2025, mandates that regulated entities enhance their operational risk management, business continuity planning, and third-party risk oversight. This standard aims to ensure entities can maintain critical operations during disruptions and manage risks associated with service providers. Key requirements include establishing a comprehensive risk management framework, implementing robust internal controls, and maintaining a credible business continuity plan. Boards and senior management are held accountable for overseeing these measures to ensure resilience and compliance.​