Internal audit needs to be ready to help organizations report on their ESG risks and initiatives.
No matter where you’ve turned in the past year, business headlines have heralded environmental, social, and governance (ESG) topics. In April, hundreds of businesses and business leaders took a stand against Georgia’s controversial new voting law, enacted following a tumultuous U.S. presidential election. Earlier this year, Larry Fink, CEO of investment management firm BlackRock, called on CEOs to address climate change and align greenhouse gas reduction with science and global reporting standards. And last year, #BlackLivesMatter and similar campaigns arising from race-based killings brought social justice, equality, and equity to the forefront — even in executive suites.