Leveraging COSO’s Integrated Framework for Sustainability and ESG Reporting

On March 30, 2023, COSO released its Achieving Effective Internal Control over Sustainability Reporting (ICSR) study to respond to the growing interest in sustainability reporting from stakeholders. The COSO study explains how effective ICSR can provide numerous benefits to organizations that align their sustainable business objectives with their business strategies. Such benefits include improved performance, value preservation, value creation, and overall success for the company. An effective system of ICSR can help companies: 

    • Position themselves to obtain reasonable, rather than limited, assurance on external disclosures about climate and other sustainability risks 
    • Align internal and external stakeholders with the entity’s sustainability commitment and objectives 
    • Support better-informed decision making by internal and external stakeholders  
    • Access capital at a lower cost 

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