COSO: Enterprise Risk Management - Applying ERM to environmental, social and governance-related risks (preliminary draft)

08 June 2018

In a unique partnership, COSO and the WBCSD have jointly developed draft guidance: Applying Enterprise Risk Management to Environmental, Social and Governance-related Risks to help organizations worldwide respond to the increasing prevalence and severity of ESG-related risks.

The preliminary draft of the guidance was re​​​leased on February 7, 2018, at GreenBiz. COSO and WBCSD are now seeking public comment on the preliminary draft.

The guidance is intended to support organizations in accelerating integration of ESG-related risks and opportunities and help them gain a better understanding of their full risk profiles. It also highlights methods to overcome ESG-related risk challenges, including identifying and assessing the severity of such risks with uncertain financial consequences, and developing innovative responses for ESG-related risks and opportunities.

​The comment period closes on June 30, 2018.

Full press release

Full preliminary draft


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