Title: ESG & Net Zero: internal audit’s role and approach
Short summary:
The relevance of ESG factors for companies requires the involvement of the IA function to support the company’s response to these material challenges. In fact, Climate change is one of the greatest challenges we face in this century. To avoid its worst consequences, we must all work together to reduce the greenhouse gas emissions that cause global warming, with the ultimate goal of reaching Net Zero globally by 2050. But what role can internal audit play in these new challenges? How can internal audit help their companies on this path to Net Zero?
In this presentation, the following topics will be addressed to answer these questions:
-
ESG, Climate change and Net Zero: what it is and why it is important for companies.
-
Internal audit’s role and audit approach for ESG & Net Zero
-
ING's practical experience auditing ESG and Climate Alignment
A simple "like" sent from our smartphones mobilizes what will soon constitute the largest infrastructure built by man. This small notification, crossing the seven operating layers of the Internet, travels around the world, using submarine cables, telephone antennas, and data centers, as far as the Arctic Circle.
It turns out that the "dematerialized" digital world, essential for communicating, working, and consuming, is much more tangible than we would like to believe. We are struggling to understand these impacts, as they are obscured to us in the mirage of "the cloud".
Under the guise of limiting the impact of humans on the planet, this technology is already asserting itself as one of the major environmental challenges of the twenty-first century.