TheCorporateCounsel.net

Yesterday on PracticalESG.com, Lawrence blogged about COSO’s recently issued framework for internal control over sustainability reporting. Here’s the intro:

Anyone who has kept up with our blogs here knows that I am huge proponent of establishing a system of internal controls for ESG data/disclosure similar to those for financial reporting. Internal controls help to ensure the validity, accuracy and – ultimately – the credibility of ESG information reported by companies. This is critical not only for the company but also for the entire “ecosystem” that has developed around ESG disclosures including investors, rating organizations and the media.

Last month COSO – the Committee of Sponsoring Organizations – published its framework for internal controls over sustainability reporting (ICSR). COSO dates back to the 1980s and created a framework for internal controls for financial reporting (ICFR) known as Internal Control – Integrated Framework (ICIF) that became popular when the Sarbanes-Oxley Act went into effect in 2002. That framework was revised in 2013 which formed the basis of the new ICSR.

In addition to Lawrence’s blog, members of PracticalESG.com have access to a bunch of resources on disclosing ESG performance in its “Disclosing ESG Performance” subject area.  ESG-related disclosures are just one of many ESG issues that are on the front burner and aren’t like to go away anytime soon. In today’s environment, you need the kind of practical guidance and in-depth ESG-related resources that PracticalESG.com provides. If you don’t already subscribe, there’s no time like the present to fix that! Subscribe today online or by contacting sales@ccrcorp.com.

Be sure to check out PracticalESG.com’s new showcase page on LinkedIn!

– John Jenkins