ESG in 2023: Evolving from Compliance to Value Creation

In the first episode of 2023, and fourth in the flagship video/audio podcast series, we pick up where we left off last year with internal auditors’ predictions on the biggest issue for the profession this year. If you need a reminder, environmental, social, and governance (ESG) dominated practitioner's predictions for the biggest issue in 2023. That’s why this episode is appropriately titled, “ESG in 2023: Evolving from Compliance to Value Creation.” As governments around the globe continue to issue or consider new ESG regulations, internal audit must create new priorities that align with a holistic and responsible world view. This reality is reflected in survey data from Deloitte’s “Sustainability Action Report,” which found that stakeholders want more than just a “check-the-box” compliance exercise when it comes to ESG. Luckily, we have industry leaders chiming in with clear direction that is anything but “check please.” Yvette Connor, Strategic Risk Services Leader at Grant Thornton, LLP, outlines some important considerations when choosing an ESG framework. Sibasis Panda, Director of Internal Audit at Canadian Imperial Bank of Commerce, discusses the evolution from basic ESG compliance to value creation. Plus, Diedre Melton reveals her “Creative Ways to Grow Your Team’s Skillsets,” even when resources are limited. BONUS Member Content IIA members gain exclusive access to an extended version with bonus content. ESG Framework: Yvette Connor presents ESG framework “do’s” and “don’ts” for all internal auditors to know and avoid. Talent Management: Diedre Melton shares four key takeaways to upskill your team and “win” in talent management. ESG Strategy: Sibasis Panda recommends steps for supporting the chosen ESG strategy. Visit: www.theiia.org for more information