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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.
Get a head start on ESG audits with access to widely recognized ESG standards to support your ESG assurance program. Quickly find the available ESG standards relevant to your organization:
GRI (Global Reporting Initiative)
SASB (Sustainability Accounting Standards Board)
TCFD (Task Force on Climate-related Financial Disclosures)
European Sustainability Reporting Standards (ESRS) and Corporate Sustainability Reporting Directive (CSRD)
Delivered to your TeamStore, ESG standards are structured, organized, and available to be mapped to objectives and risks with supporting documents to drive ESG risk assessments and audits.
Hierarchy of objectives and risks from recognized reporting standards.
Reporting requirements and related guidance from the source.
Disclosures and required metrics are mapped as “Risks” for assessments and audit projects.
Leverage TeamMate+ dimensions to see and understand coverage (or gaps) across your organization (by entity, by function, and more) to provide a deeper perspective on risk.
Reporting on ESG audits
TeamMate+ reporting capabilities support audit reporting on ESG audits:
Create dashboards to view how your ESG audits fit into the overall audit plan execution by reporting on the number and status of ESG audits.
Create clear and compelling reports to deliver insights to stakeholders.
Take the lead in providing ESG assurance for your organization.
By: TeamMate
By: TeamMate
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