COSO and WBCSD Release New Draft Guidance on Environmental, Social and Governance-related Risks
Feb 07, 2018
On February 7, 2018, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the World Business Council for Sustainable Development (WBCSD) released draft Guidance for applying Enterprise Risk Management (ERM) to Environmental, Social and Governance (ESG)-related risks.
The supplemental draft Guidance is designed to help organizations worldwide respond to the increasing prevalence and severity of ESG-related risks, ranging from extreme weather events to product safety recalls.
COSO and WBCSD are seeking public comment on the draft Guidance and the previously released Executive Summary through June 30, 2018. Comment letters may be provided to risk@wbcsd.org.
The guidance and executive summary are available on the COSO's website.
- Preliminary Draft Guidance
- Preliminary Draft Guidance (printable)
- Draft Executive Summary
- Draft Executive Summary (printable)
Review the press release on the COSO's website.
