#026: What is ESG Reporting And Why Does It Matter with Dennis McGowan
ESG is the acronym for Environmental Social Governance. In this episode, Tom and Phil are joined by Dennis McGowan, CPA and Senior Director at The Center For Audit Quality. Dennis talks about what ESG reporting is, why it’s important, and why every industry should be paying attention to it. He discusses standard frameworks that companies use for reporting, and how reporting could change in the future.
0:56 What is ESG?
3:13 Why is ESG important?
7:57 Why investors are interested in ESG information
9:36 How public companies report their ESG information
12:58 Common frameworks used for reporting
16:38 Trends in ESG reporting
18:52 Why the oil and gas industry should be paying attention to ESG reporting
25:56 What the future of ESG reporting could look like
About Dennis McGowan:
Dennis J. McGowan, CPA is a Senior Director, Professional Practice at the Center for Audit Quality. His duties include leading technical and policy-oriented projects to identify, develop, and seek consensus on issues affecting the public company auditing profession. This includes drafting comment letter responses to regulators, developing thought leadership publications, engaging with stakeholders, and responding to technical inquiries.
Before joining the CAQ, McGowan served as a Senior Manager at PwC, where he specialized in auditing public and private asset management companies, broker dealers, and private equity funds.
Connect with Dennis and The CAQ:
About SherWare, Inc.
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SherWare creates software to simplify your accounting needs so you have more time to do the things that matter. We serve independent oil and gas operators, accountants and investors with a platform to manage their distributions and joint-interest billings on a platform — and we’re the only software on the market that can integrate with your QuickBooks company.
COPAS provides expertise for the oil and gas industry through the development of Model Form Accounting Procedures, publications, and education. We are a forum for the active exchange of ideas which result in innovative business and accounting solutions.