- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
In recent years, environmental, social, and governance (ESG) reporting has become increasingly important to investors and stakeholders.
ESG reporting provides insight into an organization’s nonfinancial risks, opportunities, and commitments in its daily operations. While investors have historically relied on corporate financial data and disclosures to forecast profitability and assess the worthiness of a business as an investment opportunity, long-term sustainability objectives have become an intrinsic part of an organization’s strategy. As a result, ESG criteria differ between organizations.
One crucial element of an effective ESG program is anti-bribery and corruption (ABC) compliance. ABC compliance captures an area that is one of the most significant risks faced by many companies. It is a concern for investors and shareholders, and as such, it is a key component of ESG reporting.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Trial Membership
First week free, then $499 for an annual Membership
Cancel anytime within the trial period.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
A pair of experts from vastly different companies swapped notes on how to scaffold and structure an environmental, social, and governance program at CW’s virtual ESG Summit.
It’s important companies exercise patience when determining when to begin an assurance engagement, experts explained during a session at CW’s virtual ESG Summit.
The factors that surround the environmental, social, and governance disciplines have grown from just a few to more than 50 considerations, indicating all three ESG elements carry equal weight when evaluating a proper corporate strategy.
Companies are still struggling to report meaningfully on societal risks as part of their efforts to meet demands for better environmental, social, and governance disclosures, experts discussed at Compliance Week’s Europe conference in London.
The $19 million fine against DWS Investment Management Americas levied by the SEC wasn’t to punish greenwashing, experts said, but rather a penalty imposed for the firm not doing what it claimed related to its environmental, social, and governance investment strategy.
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, experts discussed at CW’s virtual ESG Summit.
