- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-09-21T14:23:00
When a company confronts reporting of their environmental, social, and governance (ESG) metrics for the first time, an aspect of the process looms large in the background: the need to seek assurance.
Rules like the European Union’s Corporate Sustainability Reporting Directive and Securities and Exchange Commission’s climate-related disclosure proposal each carry requirements that companies receive a level of assurance from a third-party source on the information being reported. That assurance mandate might be defined as the more thorough “reasonable” or the less rigorous “limited,” depending on the regulation.
Either way, it’s important companies exercise patience when determining when to begin an assurance engagement, experts discussed during a session at Compliance Week’s virtual ESG Summit on Tuesday. The process will likely take at least 12 months from start to finish and each step along the way is crucial.
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2024-02-01T14:01:00Z By Ruth Prickett
Richard Brasher, vice-president of sustainability at multinational automotive parts company LKQ Corp., discusses with Compliance Week his view on the added attention sustainability initiatives are receiving and where improvement remains.
2023-10-24T14:00:00Z By Neil Hodge
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.
2023-10-11T17:42:00Z By Kyle Brasseur
The governor of California signed off on a pair of bills containing requirements for large businesses operating in the state to make disclosures regarding their climate-related risks and impacts, though not without mentioning work to be done on the compliance ramifications associated with each law.
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President Donald Trump has issued an executive order slamming state-led efforts to address climate change, reduce greenhouse gas emissions, and other environmental, social, and governance (ESG)-related laws.
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Some companies doing business in California and New York may soon be required to report the greenhouse gas emissions (GHG) of their operations to state authorities, even as the federal rule for disclosing such emissions is on life support.
2025-03-13T21:25:00Z By Ruth Prickett
The European Commission has adopted proposals for radical simplifications to the EU’s trailblazing environmental regulations. The commissioners argue that this is a pragmatic response to changing global economics and indicates that they have listened to the concerns of smaller businesses that are struggling to comply with onerous and conflicting rules. ...
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