Warming up to environmental regulation risk.…

A whirlwind view of changes taking place in environmental regulation.

The fine print….this one takes more than 5 slides.

MARCH 2016

What internal auditors need to know about:• Changes in environmental management

practice• Changes in regulatory practice• Changes in the environment• Changes in our communities

Lets start down in the weeds……

WHAT I WILL COVER.

MARCH 2016

Industry standards are getting better, so internal auditors need to understand the ‘new’ best practice expectations.• ISO 14001:2015 makes more sense than ever

before.• The paperwork makes more sense.• The use of internal audit makes more sense.

• But environmental management is still one of the first cuts when times get tough.

WHAT IS HAPPENING WITH ENV MGT.

MARCH 2016

Regulators are getting smarter, so internal auditors need to at least keep pace. (Full disclosure – this is my life’s work)• More regulators get involved.• Audit is being used more.• Communication has to be faster and looser.• Regulators have greater access inside your gate.

• But natural resource regulators are also one of the first budget cuts when times get tough.

WHAT IS HAPPENING WITH REG MGT.

MARCH 2016

Planet Earth is getting smaller so new classes of environmental regulation are being put in place to deal with this.• Global impacts like climate pollution, require local

action. • There are less places to hide, or dump waste.• More cumulative effects are being felt.• Regulators are inheriting the earth

And recent disaster events show that continuity risks are becoming much greater.

WHAT IS HAPPENING WITH EARTH.

MARCH 2016

Our communities are thinking more broadly, so internal audit should recognise new risks that are emerging.• New land-use conflicts are occurring, as rural

becomes peri-urban or rural industrial.• New community lines are being drawn,

requiring separate management of local communities and other communities.

WHAT ABOUT OUR COMMUNITIES.

MARCH 2016

What internal auditors need to know about:• Changes in environmental management

practice• Changes in regulatory practice• Changes in the environment• Changes in our communities

WHAT I HAVE COVERED.

MARCH 2016

• Don’t be late.• Environmental regulation is going to

become a bigger risk management issue.

• Business risk management can help avoid surprises.

• It will become easier to fit into IA plans.

The comments on these slides are the views of Tim Kirby, Sydney. You should always do your own homework before putting your reputation or any money on the line.

WHAT DOES IT MEAN.

Tim Kirby, Sydney CA, CIA, LA-EMS

au.linkedin.com/in/timkirbysydney

MARCH 2016