ESG Reporting Is Already Required: Here’s What You Need to Know
The big picture: Mandatory ESG reporting will soon be a reality for more than 3,000 U.S. companies, thanks to the EU’s Corporate Sustainability Reporting Directive (CSRD) that took effect last January. Why it matters: CSRD compliance requires substantial data collection, cross-functional collaboration, and, potentially, new reporting infrastructure — a massive undertaking. Who is responsible? The […]
Manufacturers of Smart Products Must Wage a Cyber Battle on Two Fronts
The big picture: Smart devices have become ubiquitous throughout society, providing greater convenience and efficiency to consumers and businesses. Unfortunately, the occurrence of criminals exploiting device vulnerabilities to steal data, install ransomware and stage costly cyber attacks has become equally pervasive. Why it matters: Cyber attacks can have severe consequences for manufacturers — among them, […]
Governor Signs California Climate Disclosure Requirements: What Companies Need to Know
In September 2023, California legislators passed the first mandatory climate disclosure bills in the United States. Governor Gavin Newsom signed the two climate-impact reporting measures into law on October 7, 2023. The measures are expected to have far-reaching effects not only for the U.S.-based businesses that are required to comply but also for their trading […]
New Research: Navigating a Technology Risk-Filled Horizon
This year’s Global Technology Audit Risks Survey, conducted by Protiviti and The Institute of Internal Auditors (The IIA), reveals a complex and multifaceted landscape of technology risks.
The Future of Money Through the Lens of Compliance
Key takeaways: The future of banking — and banking regulation — is digital and AI-driven. Risks will increase, especially around crypto, fraud and bias in machine-made decisions. Upskilling of compliance officers and risk professionals is needed to function in this evolving environment and manage new risks. Go deeper: Recently, I had the opportunity to interview […]
