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Today, organizations are grappling with the implications for their business of climate-related risks and opportunities and their responsibilities in relation to global carbon reduction. Boards should actively participate in setting the organization’s approach and hold management accountable for progress. While the full board has a role to play in reviewing and overseeing management’s assessments related to climate change, the audit committee’s expertise in financial reporting places it uniquely positioned to support advice in this area.
Climate change – A role for audit committees, published by the Chartered Professional Accountants of Canada, outlines ways the audit committee can help the board in its oversight of climate change. Andrew MacDougall of Osler, a partner in our Corporate Law group and head of our Corporate Governance practice, is the lead author.
For your interest, here is a link to learn more and download the publication: Climate change – A role for audit committees
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.
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