Investors are increasingly engaged with the performance of environmental, social, and governance (ESG) factors that influence companies’ long-term success. Globally, sustainable investing ... assets in the five major markets stood at $30.7 trillion at the start of 2018, a 34% increase in two years1. Likewise, investors, insurance providers, and debt holders want assurance that companies are disciplined, enforce rigorous board oversight, and are future-proofed against risks such as climate change, cybersecurity, and human inequities. What’s more, the public’s trust in institutions has faltered over the last decade, with business trusted by just 56% and government trusted by just 48% of those surveyed in the annual global Edelman Trust Barometer2. We are deeply committed to doing our part to reinforce confidence in institutions, not only by investors, but by customers and members of the public as well.
LOCKheed martin solutions
We use an Agile Auditing approach, adapted from the application of Agile in software development, to add value to our internal auditing processes while ensuring that we follow established audit standards ...and processes. We also use artificial intelligence (AI), digital data analytics, and robotic processes to evolve the way we conduct audits to further increase employees' speed and efficiency. This innovative auditing system offers us greater flexibility to respond more quickly to identified risks, increases the breadth of our risk management activities, and saves resources without compromising quality. We maintain an audit plan according to a 12-month calendar, but as we learn of new risks, we update the plan on a rolling basis up to six additional months. This built-in flexibility allows us to constantly adjust the audit planning scope to address risks as needed, by monitoring them, promoting them to the audit plan, or determining if they can be retired.