ESG audits are separate from financial audits because they have different objectives

• To conduct an ESG audit, it’s important to use a structured and rigorous process that aligns with international standards.
• The auditors should be independent and qualified – ideally, they should also have expertise in environmental risk, sustainability or both.
• An ESG audit is a process that evaluates the environmental, governance and social risks of a company’s operations, products or services. The goal of this audit is to identify any potential risk so they can be addressed before they become problems down the road.
• Each ESG audit provides insight into the company’s approach towards these issues. Conducting an ESG audit also helps businesses look at their supply-chain risks, risk management capabilities and transparency with shareholders