ESG fraud is a growing risk for Canadian organizations, KPMG poll shows
Last month, KPMG polled 300 Canadian organizations victimized by fraud to learn about the types of scams they have experienced.
- Last month, KPMG polled 300 Canadian organizations victimized by fraud to learn about the types of scams they have experienced.
- ESG fraud occurs when a company's environmental, social and governance efforts or data are exaggerated, embellished, or distorted.
- Additionally, 86 per cent are concerned that the pressures are increasing the risk of ESG-related fraud happening within their organizations, and 81 per cent are concerned their organization could inadvertently commit ESG fraud.
- Ms. Seidler says the survey findings underscore the need for organizations to implement strong controls that properly address ESG fraud.