ESG reporting and disclosures are critical for organizational sustainability success. Stakeholders, from investors to consumers to employees to regulatory bodies, expect transparency from businesses around climate change, equity and inclusion, and other environmental and social issues.
Internal audit provides independent assurance to help leaders understand and address ESG and sustainability-related risks and to support ESG and sustainability reporting and disclosures.
With increasing interest and expectations from key stakeholder groups (investors, consumers, employees), boards and senior management need to know that the information and underlying controls associated with ESG and sustainability reporting are based on complete, accurate, and reliable information.
Internal Audit plays an important role by providing independent review and assurance over ESG and sustainability practices and procedures that lead to public disclosures. Effective internal audit programs can help manage the cost of compliance and reduce the reputational and legal risks of greenwashing claims.
