In this episode, Marie Hache joins Kevin O'Connell to discuss the risks associated with communicating ESG claims and commitments made during the COVID-19 pandemic, and the importance of aligning those commitments with your organization's purpose and values.
We discuss the following questions:
1:49 - With many companies having financial difficulties in the current situation, is ESG still relevant in today’s world?
2:47 - Research shows that funds and indices designed with an ESG focus have been outperforming more traditional ones. Are both regulators and customers showing increased interest?
4:27 - How do we expect COVID-19 will impact the way companies address ESG and how they demonstrate their value and purpose?
6:15 - What are the examples of key considerations to keep in mind related to external disclosures and commitments in the context of COVID-19?
7:14 - How could having a multidisciplinary committee in place help mitigate some of the risks?
8:44 - Is employee engagement important in meeting these commitments?
Kevin O'Connell serves as PwC’s Trust and Transparency Solutions Clients and Markets Leader. A leading specialist in SOC 1, 2 and 3, and other third party assurance and internal controls reporting, he has over 25 years of experience providing services to our largest financial services clients designed to identify, assess, and manage complex risk and control issues across the enterprise – whether they are strategic, financial, systems, or operational in nature. Kevin also serves as the US Risk Assurance Asset & Wealth Management Sector Leader. Leading the growth agenda for the sector, he has created and launched an AWM business program resulting in the development of PwC’s professionals and consistent delivery of the highest quality service to our clients.
Marie Hache is a Director in PwC’s Sustainability Services practice. She specializes in non-financial assurance and pre-assurance, as well as improving sustainability programs and reporting. Marie works with companies across multiple sectors to deliver services related to business processes and management controls. She has experience with the development of sustainability strategies, including materiality assessment and the alignment of programs with ESG frameworks and has led various internal audit maturity assessments for sustainability and health & safety programs.