Compliance into the Weeds - COSO Framework for Sustainability Controls and Reporting

Thomas Fox - Compliance Evangelist
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In this episode, join us as we discuss a new sustainability framework companies can use to improve their sustainability efforts. The document emphasizes data governance's importance and uses a recognized control framework for effective financial reporting, similar to COSO. We explore the challenges of collecting and managing sustainability data while highlighting the need for organizations to have a Chief Data Governance Officer and an in-house data committee. We also discuss the importance of competent leadership, effective See more +
In this episode, join us as we discuss a new sustainability framework companies can use to improve their sustainability efforts. The document emphasizes data governance's importance and uses a recognized control framework for effective financial reporting, similar to COSO. We explore the challenges of collecting and managing sustainability data while highlighting the need for organizations to have a Chief Data Governance Officer and an in-house data committee. We also discuss the importance of competent leadership, effective communication, and the role of vendors offering sustainability-supporting solutions.

Discover how the proper oversight mechanisms can save organizations money by streamlining IT vendors and why sustainability data reporting is the new challenge of achieving Sarbanes Oxley compliance in the 2000s.

Key Highlights:

COSO Internal Control Framework for Sustainability Disclosures

Comparing Sustainability and Ethics/Compliance Frameworks

Challenges in Sustainability Data Collection

Importance of Data Governance in Large Enterprises See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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