Audit Committees Must Take Climate Change “A Lot More Seriously”

The recognition of climate-related matters among audit committees has not been strong enough despite a spate of recent events highlighting the significance of the issue for organisations, market participants have said.

“Boards and audit committees need to start taking the risks associated with climate change a lot more seriously, accelerate their mitigation plans and discuss what action they are taking on a more regular basis”, said Anthony Carey, head of board practice at Mazars.

Carey went on to argue that recent climate events and the COP26 conference in Glasgow should have acted as a “wake-up call”.

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