What role does non-financial reporting play in risk management? Question 5 options: Financial reporting is sufficient for identifying and managing all types of risks, and non-financial reporting does not provide any additional insights into risk management. Non-financial reporting helps identify and manage opportunities related to environmental, social, and governance (ESG) factors that may have significant financial implications. Non-financial reporting is irrelevant for risk management and does not contribute to the overall risk management strategy of a company. Non-financial reporting plays a crucial role in identifying and managing these risks as part of the overall risk management strategy. Non-financial reporting helps identify and manage long-term risks related to environmental, social, and governance (ESG) factors that may have significant financial implications