Climate change and environmental sustainability: how to tackle associated risks and harness opportunities?

Environmental challenges are of a growing importance for all organisations. It is undeniable, this is now a strategic issue for all organisations encouraged by their internal and external stakeholders to become more resilient to environmental risks and to directly contribute to the environmental sustainability of the society. In fact, the risk is already proven: the consequences on businesses are measurable.

Are the organisations and the third line aware of the impacts of  climate change? Has climate change risk been assessed?

If yes, how can Internal Auditors move from identifying the risk to auditing it?