Risk Oversight & Management
One of the key functions of our Board is to provide informed oversight of our risk management processes. While management is responsible for day-to-day management of material risks we face, our Board maintains ultimate responsibility for risk oversight.
Since 2019, Etsy has had a Risk Steering Committee, which consists of a cross-functional management team that meets regularly to review and discuss the significant risks facing Etsy. Periodic reports on material risk are provided to the full Board. The Risk Steering Committee also periodically considers areas of new or evolving risks and works to understand risk analyses and establish appropriate mitigation plans.
In addition, after first reporting our Task Force on Climate Related Finance Disclosure response in 2020, we continued to assess how to enhance our processes around climate risk in 2021. Our climate scenario analysis includes climate risk and informs our TCFD disclosure, and we cascade relevant climate risk updates to the Risk Steering Committee.