Key takeaways

Audit Committees play a vital role in catalysing climate action. From overseeing the assurance of sustainability data to mobilising reporting frameworks to deliver strategic direction beyond compliance, these committees are important, especially in relation to understanding and managing risk.

It is a tough time to be driving forward sustainability initiatives, as many other issues are threatening to crowd out the climate conversation. In parallel, physical risks are becoming increasingly material across supply chains and impacting insurability, and investors and regulators are scrutinising transition plans to ensure that the companies they work with are fit for the future. Amid this uncertainty, the relationship between chief sustainability officers (CSOs) and non-executive directors (NEDs) is key to refocusing dialogues about sustainability as a strategic driver of growth and long-term value.