ECIIA's new document " ESG embedding: are you ready?" provides practical guidance for corporate board members, risk managers and internal auditors on how to implement sustainability objectives.
This document was drafted by ecoDa, representing FERMA, the European Risk Management Association, and ECIIA, the European Organisation of Internal Auditors. The resulting document focuses on good governance.
The governance model of the Three Lines of Defence promotes cooperation between all functions and activities of the company, so that sustainability becomes part of the company's business and the company achieves its strategic objectives related to sustainability.
Risk management (the second line) and internal audit (the third line) are the main forces supporting the Board and senior management in the implementation of the Three Lines model.
This document explains why corporate board members, risk managers and internal auditors should act now to ensure their companies can meet their sustainability commitments and expectations.
The document can be downloaded from here.