Description:
CPE Hours: 16
INTRODUCTION
Organisations are increasingly under pressure to understand and manage ESG risks, particularly as investors and regulators focus on organisations producing accurate and reliable reporting on sustainability efforts. That pressure is being reflected increasingly in executive performance as more organisations tie incentive compensation metrics to ESG goals. Additional risk areas associated with ESG are varied and can include reliance on third-party data, potential reputational damage from faulty reporting, and the real possibility that an organisation’s explicit commitments to meet specific sustainability goals could grow into a material weakness.
As ESG reporting becomes increasingly common world-wide, it should be treated with the same care as financial reporting. Organisations need to recognise that ESG reporting must be built on a strategically crafted system of internal controls and accurately reflect how an organisation’s ESG efforts relate to each other, the organisation’s finances, and value creation. This certificate program provides hands-on practical application of critical ESG metric identification and reporting.
Participants who complete the course are eligible to sit for the certificate exam which is administered on The IIA’s LMS platform.
TARGET AUDIENCE
This certificate program is designed to enhance your current understanding of ESG concepts, including ESG reporting. This program is ideal for internal audit, risk management, and compliance leaders who currently possess a basic understanding of ESG topics and wish to enhance their knowledge and practical application of leading practices on how to assess their organisation’s existing ESG governance and compliance program. Participants who successfully complete this program are eligible to plus themselves by obtaining The IIA ESG Certificate- a wonderful addition to both your resume and LinkedIn profile.
Prerequisites: ESG fundamentals course or equivalent ESG auditing experience.
CERTIFICATE OBJECTIVES
- Establish a common understanding of ESG.
- Review the current global regulations governing ESG, including ESG reporting.
- Explore the future of ESG regulations, world-wide.
- Identify the components of a typical ESG Governance Framework and factors critical for establishing ESG governance.
- Examine key considerations for building an ESG audit strategy.
- Discuss practices for establishing sustainability leadership within the organiation, including critical ESG roles.
- Practice ESG reporting and metrics, including necessary data requirements.
- Understand the impact of third-party actions on the organisation’s ESG reporting requirements.
- Explore how internal audit can add organisational value as ESG regulations expand.
CERTIFICATE TOPICS
Fundamentals of ESG
- An overview of ESG.
- Global ESG regulatory bodies and regulatory influence.
- Industries and activities impacted by ESG.
- ESG importance to the internal audit community.
ESG Governance and Framework
- The importance of ESG governance.
- Critical factors for establishing ESG governance.
- Components of an ESG Governance Framework.
ESG Strategy
- Critical components of an organisation’s ESG strategy.
- Sustainable business models.
- Management systems for sustainability.
- ESG strategic risk assessment.
Sustainability Leadership
- Sustainability Leadership.
- Primary ESG roles.
- The Chief Sustainability Officer role.
- Managing risks and impacts, compliance, and continuous improvement in ESG reporting processes.
ESG Reporting and Standards
- ESG reporting standards and frameworks.
- ESG reporting categories and metrics.
- Data elements used in ESG reporting.
Process for ESG Reporting
- Overview of ESG reporting process.
- Role of internal audit in ESG reporting.
- Stakeholder engagement.
- ESG reporting categories.
- Responsibilities for managing risks and impacts in ESG reporting.
- Data collection for ESG reporting.
Methodology for ESG Reporting
- Role of strong IT systems and new technologies.
- Internal controls and ESG.
- ESG reporting standards and methodologies.
- Centralising data in one location.
- Ensuring data traceability (data lineage).
- Establishing a data governance policy.
- Democratising data access (data literacy).
- Sustainability reporting and the COSO Internal Control-Integrated Framework.
ESG Risk Management
- Double materiality until 2020.
- Double materiality after 2021: ESRS, ISSB, SEC, GRI (drafts) standards.
- Due diligence.
- ESG (financial) risk assessment (ESRS, ISSB, SE, TCFD).
Establishing an Audit Program for ESG
- Integrating ESG within the internal control framework for general audits.
- ESG reporting audit.
- Specific audits (e.g. climate change strategy).
- Social audits.
- ESG audit process:
- Gathering evidence.
- Performing the pre-audit risk assessment.
- Conducting the fieldwork.
- Reporting considerations.
ABOUT THE TRAINER
Steve Young is passionate about ESG/Sustainability and people development. He comes with many years of experience as Chief Risk Officer and a Supply Chain Finance Leader of Procter & Gamble, where he first started his career in Internal Audit.
He currently guest lectures as the Lead ESG/ Sustainability Trainer for Senior Leaders Program at the Boston Consulting Group.
REGISTRATION
Please email the completed registration details as per the excel form to IIA Academy at iia-academy@iia.org.sg. We will update you upon successful registration of the mentioned seminar.
GROUP DISCOUNT
Register as a group of 4 or more participants for the same course and enjoy a 10% group discount!
This promotion is applicable for registrations received from the same company and registered within the same day. The discount is applicable in one single invoice.
PAYMENT
For more details about payment modes, please click HERE.
IMPORTANT NOTE
- Please email the completed registration details as per the excel form to IIA Academy at iia-academy@iia.org.sg. We will update you upon successful registration of the mentioned seminar.
- Once the course is confirmed, an email confirmation will be sent to the registrants’ contact email addresses 1 week prior to the course commencement date.
- If you do not receive any email notification regarding your course registrations, please call IIA Academy at 6324 9029 ext 2004 or 2005.
TERMS AND CONDITIONS
- Registration is on a first-come, first-served basis.
- Contact person will be notified via email upon successful registration of the participants. The seminar details would be sent to the registered participants one week prior to the seminar.
- Registration fee must be received prior to the date of the seminar.
- Registered participants will be liable for the full registration fee in the event of non-attendance on the date of the seminar.
- Cancellation must be submitted in writing to the Academy team at iia-academy@iia.org.sg at least 7 working days prior to the seminar and subject to IIA Singapore's approval. A processing fee of $100 per participant will be imposed for any cancellation. Substitutions will be permitted and conditions will apply. You may substitute a “like” person to attend the seminar in your place – for example, if you are an IIA Singapore member, you may substitute with another IIA Singapore member.
- IIA Singapore reserves the right to revise the seminar programme as necessary.
- IIA Singapore reserves the right to cancel or postpone the seminar should the minimum class size is not fulfilled. IIA Singapore will refund the full registration fee which has been paid.
- IIA Singapore reserves the right to take videos and photographs during the seminar for use in IIA Singapore’s marketing collaterals and other publicity purposes.
- Complimentary parking, if any, will be provided on a first-come-first-served basis.
|
