In February, COSO released a draft for comments: Applying enterprise risk management ro environmental, social and governance-related risks (ESG). This time, PwC was not involved. Rather, COSO partnered with the World Business Council for Sustainable Development (WBCSD).
Here are the high-level comments I provided. The initial response to them was positive and constructive.
I would like to share a few generalized comments. But first let me commend you on tackling this topic. There is a lot of good material for consideration.
Please consider these points and questions:
- Risk management is…