​IIA Comments on ESG Ratings and Data Products Providers

The Institute of Internal Auditors, the internal audit profession’s globally recognized advocate, educator, and provider of standards, guidance, and certifications, today made a public comment in a letter to the International Organization of Securities Commissions (IOSCO) in response to their consultation report aimed to assist its members with ESG ratings and data products providers. The letter’s comments included an expression of shared commitment to standardized approaches, transparency, management of conflicts, and advocating for independent internal assurance.

“I would agree that ESG is growing considerably in response to stakeholder and regulator interests. At The IIA, one of our key priorities is to focus our association and profession on sustainability and ESG,” IIA President and CEO Anthony J. Pugliese, CIA, CPA, CGMA, CITP, wrote to IOSCO.

In his letter, Pugliese also stressed that internal audit assures trust, as it is situated within the organization and can be confidently relied upon when adequately resourced and following the profession’s international standards.

Pugliese’s full letter to IOSCO is available on The IIA’s website.