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The Institute of Internal Auditors (IIA) has partnered with the World Business Council for Sustainable Development (WBCSD) to issue new guidance on embedding ESG and sustainability considerations in the Three Lines Model.

What is the IIA Three Lines Model?

The IIA’s Three Lines Model is recognized around the world as a resource for successful governance. IIA says that it ‘helps organizations identify structures and processes to best manage risks and achieve objectives, including an organization’s ESG-related risks. The model establishes the three essential roles that define governance at its most basic: accountability, actions and assurance’.

Embedding ESG and Sustainability Considerations into the Three Lines Model

The new guidance paper, ‘Embedding ESG and Sustainability Considerations into the Three Lines Model’, outlines key roles and responsibilities for the governing body, management, and internal audit to build structures and processes that support the achievement of business objectives to create and protect value for the organization.

The insights in the paper are intended for corporate boards, C-suite representatives within large corporations, and senior management to provide information and understanding on the role of the respective lines in overseeing the effectiveness of risk management and internal audit processes.  

Read the document (PDF).

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