Internal Controls over Sustainability Reporting (ICSR)

Large Finnish companies are required to report their sustainability matters through sustainability statements alongside their financial statements. High-quality, reliable, and timely reporting requires a well-designed and implemented internal control framework. Companies that already have an established internal control framework for their financial reporting can enhance it by incorporating relevant risks and controls for sustainability reporting. Global frameworks provide guidance for setting up an effective and efficient control framework. 

We advise companies to implement and maintain an internal control framework for sustainability reporting. This includes identifying reporting process risks, defining relevant controls, and designing monitoring activities. Additionally, we offer training on how to apply global frameworks within the company’s processes.