This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

The Audit Committee Frontier: Addressing the Climate Challenge

Published on: Nov 04, 2021

This first issue of the Deloitte Global Boardroom Program’s new series, The Audit Committee Frontier, seeks to answer the question: What are leading practices for Audit Committees with respect to climate?

The report features findings from a survey of over 350 audit committee members spanning 40 countries, and revealed several obstacles standing in the way towards progress, each of which point to a broader sense of uncertainty surrounding climate and sustainability in the boardroom and companies at large. The report also details potential solutions for audit committees struggling to help their organizations address climate change.

In addition, The Audit Committee Frontier: Addressing climate change, brings together insights from Deloitte climate and sustainability specialists, as well as a collection of interviews with regulators, investors, and audit committee members.

Key highlights:

  • Most audit committees worldwide do not discuss climate on a regular basis, barely half consider themselves “climate literate,” and half do not believe they are well equipped to fulfill their climate regulatory responsibilities
  • Forty-two percent of respondents say they are disappointed in the strength and speed of their organization’s climate response, and 65% say their companies lack a clear strategy on climate

This publication was released by our Global firm.

 

Download

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.