In this episode, David Petrisky, director of professional standards at the IIA, as he dives into the hot topic of greenwashing with Edith Wong, managing director at FTI Consulting, and Brian Wilmot, attorney at Paul Hastings. They unpack the challenges of navigating environmental claims, share eye-opening cases, and offer practical tips for auditors tackling greenwashing and other ESG-related risks.
Guests
Edith Wong, Managing Director, FTI Consulting
Brian Wilmot, Compliance and Regulatory Counseling and Investigations and White Collar Defense Practices Attorney, Paul Hastings LLP
Host
David Petrisky, Dir. Professional Standards, The IIA
Key Points
- Introduction to Greenwashing (00:00:02 - 00:00:42)
- Definition and Legal Context of Greenwashing (00:00:42 - 00:01:20)
- Examples and Cases of Greenwashing (00:02:23 - 00:03:30)
- Challenges in Environmental Claims and Reporting (00:01:45 - 00:02:23, 00:03:38 - 00:04:50)
- Regulatory and Litigation Activity (00:01:45 - 00:02:23, 00:05:09 - 00:06:27)
- Non-Financial Reporting and Corporate Communications (00:06:27 - 00:07:19)
- Global Frameworks and Standards (00:09:07 - 00:11:02)
- Role of Internal Auditors in Addressing Greenwashing (00:11:07 - 00:12:32, 00:17:07 - 00:18:47)
- Preventative Practices and Governance Structures (00:13:06 - 00:15:09)
- Industry-Specific Concerns and Risks (00:15:21 - 00:16:55)
The IIA Related Content
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Visit The IIA's website or YouTube channel for related topics and more.
Resources Mentioned
- Tara Choice’s Seven Sins of Greenwashing
- Federal Trade Commission’s Green Guides
- Global Reporting Initiative (GRI)
- Sustainability Accounting Standards Board (SASB)