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What Internal Audit Needs to Do about Greenwashing Risks

Internal Audit 360

C onsumer and investor awareness about sustainability is higher than ever, but misleading claims by enterprises to address this can damage an organization’s reputation. Q: Why have concerns about greenwashing risks accelerated in 2022? Q : How might organizations be exposed to greenwashing risks?

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ESG Ready: Unpacking the Latest UK Developments and Guidance

Audit Board

No wonder many of us are busy trying to understand what it all means for our business and compliance risks. No wonder many of us are busy trying to understand what it all means for our business and compliance risks. As internal auditors, we can help senior leadership focus on what is important.

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Who Owns ESG Today? Second Line Evolution and the Integrated Reporting Imperative

Audit Board

What does “good” ESG governance and strategy look like, and how are companies integrating it with existing risk and compliance governance structures? They feel an increasing urgency to get in place the people, processes, controls, and technologies needed to support reliable, up-to-date, accessible, and auditable ESG reporting.

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Cooley Discusses “Internal Control over Sustainability Reporting”

Reynolds Holding

Under the pressure of institutional investors, environmental groups, employees, consumers and other stakeholders, many companies have sought to demonstrate their bona fides when it comes to ESG through disclosure about their sustainability efforts, goals and achievements, whether in periodic reports or in separate sustainability reports.

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ESG Reporting: How to Navigate the ESG Disclosure Maze

Audit Board

After all, businesses seeking to do the right thing isn’t new — many companies have chosen to incorporate sustainability, diversity, equity, human rights, and environmental initiatives into their day-to-day operations. But what is ESG reporting, really? million in 2022.

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Maturing ESG Program Management

Audit Board

With SEC reporting requirements looming on the horizon, companies are getting more serious about formalizing their Environmental, Social, and Governance (ESG) programs. AuditBoard's Claire Feeney and Arsh Kaur share best practices for building an audit-ready ESG program. They’re not sure if they can rely on the accuracy of data.

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Integrated ESG Reporting: Three Reasons Why Integrated Thinking, Risk Management, and Reporting Adds Value to ESG

Audit Board

In addition, these new reporting efforts have created independent cost structures within companies dedicated to managing sustainability and ESG risks in an ad-hoc, fragmented way. Meanwhile, there are many interdependencies between mandatory, regulated financial reporting and what is, at present, voluntary, unregulated ESG reporting.