How audit committees can prepare for the implications of climate risk

This webcast explored how audit committees can better oversee climate risk and prepare for new disclosure requirements, including potential impacts to financial reporting.

Climate risk implications are increasingly high priorities on board and executive agendas. Companies are working to address the physical, market and regulatory impacts of climate risk and meet stakeholder expectations for action and transparency. We anticipate that boards and audit committees will spend more time understanding the effect climate risk will have on business models, long-term strategy and corporate reporting.

Panelists discussed the following matters:

  • Investor perspectives - how investors are thinking about climate risk, including how climate-related information is being used to inform their investment and stewardship decisions.
  • Governance considerations - how the governance of climate risk is evolving, including its impact on the audit committee’s agenda.
  • Emerging practices and considerations - how finance functions and management teams are managing and mitigating climate risks, including how these changes may affect the company’s strategy.
  • Reporting developments - how current and emerging financial reporting and auditing developments.

This 60-minute webcast was presented in a video format and moderated by Patrick Niemann, Leader of the Audit Committee Forum within the Americas EY Center for Board Matters. Panelists included:

  • Desiré Carroll, Director, Professional Practice, The Center for Audit Quality
  • Carolina San Martin, Managing Director and Director, ESG Research Wellington Management


CPE credits: 1.2

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