Memo of Understanding on Sustainability and ERM Signed
On April 7, the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) and the World Business Council for Sustainable Development (“WBCSD”) signed a Memorandum of Understanding to help companies with sustainability and enterprise risk management (“ERM”) issues. The collaboration will focus on the development of interpretive guidance regarding embedding sustainable development matters into COSO’s Enterprise Risk Management Framework. This effort will serve as the basis for uniting the way businesses consider sustainability concerns in their risk management processes and how these risks are disclosed to investors.
More on the COSO and WBCSD’s Memorandum of Understanding is available in the official press release.
Topics: Committee of Sponsoring Organizations of the Treadway Commission "COSO", Enterprise Risk Management "ERM", Memorandum of Understanding, Sustainability, World Business Council for Sustainable Development "WBCSD"