Andrew MacDougall
Jul 25, 2022
The Chartered Professional Accountants of Canada has just released Climate Change – A Role for Audit Committees. Osler’s Andrew MacDougall, a partner in our Corporate group, and leader of our Corporate Governance practice, was its principal author.
The publication supports audit committee members in their oversight of climate change. While the entire board has a role to play in considering and overseeing management’s assessments related to climate change, the audit committee’s expertise in financial reporting makes it uniquely well-positioned to support the board in this area.
For example, the audit committee can play a vital role with respect to financial accountability for, and disclosure of, the corporation’s climate business plan and climate-related financial risks and opportunities. The oversight of reporting on climate change metrics is a natural extension to the audit committee’s role overseeing the financial reporting function.
Companies across a wide variety of industries are exposed to climate-related risks and opportunities. Climate Change – A Role for Audit Committees is for audit committees of corporations of all sizes.
Download the new CPA Canada publication.