Internal audit in ESG and sustainability planning

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KL: It’s interesting to hear that obviously folks are investing a lot in these programs, but sometimes it takes a third-party to take a look at what’s underneath the hood and see what we’re really working with.

I’m curious from your guys’ perspective and what you’ve seen, obviously internal audit, I feel like, has traditionally been associated with as a compliance function, but oftentimes rearview facing. Not looking ahead necessarily what’s to come, but looking at things retrospectively. So given where we are today with the global focus on sustainability, what do you anticipate organizations should be ready for in the next several years? And then more specifically, how can internal audit or what can they do now to be prepared to support their business as that evolves over time?

ADC: Yeah. To me, the first term that comes to mind is value creation. I mean, no doubt risk departments will always have to deal with compliance, but over time, that’s just going to be seen as table stakes. So all of us need to center around why ultimately are we doing this exercise. So I’ll kind of end where I started, which is seeking to drive elevated financial performance while simultaneously driving pro…

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