White Paper - ESG Reporting

Whitepaper

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Author

Michael Parkinson

BSc(Hons), GradDipComp, PFIIA, CIA, CISA, CRMA, CRISC

Date

2024

Topics Explored

Governance, Environmental Social Governance

Format

White Paper

Extract/Description

ESG stands for Environment, Social, Governance and captures the non-financial measures of an organisation. A requirement for Australian organisations to report ESG matters is being introduced. This White Paper discusses how organisations can prepare for this requirement.

Key Points

1. The move towards reporting environmental impacts is inexorable. Progressively from FY 2025, organisations will be required to report the potential impacts of climate change on their operations. Increasingly, investors are interested in the effect that organisations are having on their environment.
2. This White Paper explores a general approach to identifying and assessing ESG risks within an organisation’s supply chain.
3. It discusses selection and reporting of performance measures and obtaining assurance using an approach that works for the full range of ESG risks.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

Yes