Scientific paper ID 2480 : 2024/4
CLIMATE CHANGE AND SUSTAINABILITY CHALLENGES IN RISK MANAGEMENT AND INTERNAL AUDIT

Katya Ganchovska

For more than half a century we have witnessed irreversible human-caused climate change. The accelerating pace of change in both society and the climate is intensifying stakeholder focus on the environmental, social and governance (esg) risks facing many organizations.

Esg stands for environmental social and governance, and refers to the three key factors for measuring sustainable development.

Companies can no longer monitor esg topics. Esg is a tool that seeks to expand the traditional analysis of corporate value by incorporating environmental, social and governance indicators. Esg presents a general view of the company`s impact on the environment and society, as well as the quality of its cooperative behavior.

Internal audit is increasingly assessing the challenges and risks companies face in meeting their sustainability goals and minimizing their impact on climate change.


ESG стратегия екологично социално корпоративно управление ”Нетна нула” вътрешен одитesg strategy environmental social corporate governance ”net zero” internal auditKatya Ganchovska

BIBLIOGRAPHY

[1] The Paris Agreement on climate change / European Green Deal

[2] The European Commission

[3] European Confederation of Institutes of Internal Auditing ECIIA

[4] The IIA (The Institute of Internal Auditors)

 

 

 

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