ESG and Climate Change: The Role of Internal Audit

ESG and Climate Change: The Role of Internal Audit

Level: Intermediate

The session will include the following agenda items related to a suggested set of roles for Internal Audit:
• Advancing the organization’s awareness of ESG and Climate Change risks and opportunities
• Assessing the governance and monitoring of public commitments made by the organization, both through global initiatives (e.g. UNPRI, TCFD) and organization-specific (e.g. ‘net zero by 2050’)
• Assessing readiness for new legal and regulatory requirements (e.g. carbon pricing, securities commission guidelines, financial regulatory oversight)
• Assessing disclosure controls and procedures for various new forms of ESG and Climate Change reporting under a plethora of reporting frameworks (e.g. GRI, IIRC, SASB, TCFD)
• The role of technology in both ESG and climate change solutions and the auditing of these domains.