With increasing interest and expectations around ESG and sustainability from key stakeholder groups (investors, consumers, employees), boards and senior leaders need to know that the underlying processes and controls associated with meeting these expectations are effective. They need assurance to ensure that their organization is compliant with regulations, and that public commitments and 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 risks being effectively managed and public disclosures being reliable. Effective internal audit programs can help manage the cost of compliance and reduce the reputational and legal risks of greenwashing claims.