Assessing the value of COSO sustainability reporting guidance
Companies that haven’t yet set up verifiable reporting in their sustainability programs have a ready reference available in the framework put out by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), experts discussed at Compliance Week’s virtual ESG Summit on Wednesday.
COSO’s internal control over sustainability reporting (ICSR) guidance, released earlier this year, can help companies incorporate controls, monitoring, and reporting into their sustainability programs. Each of those elements could soon be required under the Securities and Exchange Commission’s (SEC) pending climate-related disclosure rule, said independent consultant Doug Hileman during a session on navigating ESG compliance.
Hileman presented with Christopher Fox, chief sustainability officer at clothing company HanesBrands.